Achieving Day Zero Accuracy with KlearStack AI
[vc_row pix_particles_check=””][vc_column][vc_column_text]Smart extraction of data and classification documents is the need of the hour. Gone are the days wherein data was manually inserted into the systems. Traditional OCR software also has plenty of limitations. They only extract data on the face value and fail to contextually data on the documents. KlearStack leverages artificial intelligence to […]
How Does Rule Engine Feature Work in KlearStack AI?
[vc_row pix_particles_check=””][vc_column][vc_column_text]Data extraction and document classification of physical documents enables the digitization of documents and makes them easily discoverable on the cloud system. However, end-to-end documentation can be achieved just by data extraction and document classification. KlearStack AI goes one level beyond and also achieves data validation and data transformation through the rules engine feature. […]
What is Rules Engine in KlearStack AI?
[vc_row pix_particles_check=””][vc_column][vc_column_text]Businesses deal with tons of paperwork on a daily basis that is unstructured and comes in a variety of templates. Some of these documents need to be reconciled with one another to ensure that the right items have been traded and payments are processed on time for them. Organizations usually reconcile invoices with purchase […]
Above & Beyond RPA: Enhancing Straight Through Processing
[vc_row pix_particles_check=””][vc_column][vc_column_text]Organizations across the globe are working towards becoming more lean and agile in their organisational structure. Cost and process efficiency is driving this change and therefore it has become the need of the hour to adopt various business automation processes in an organization. One such process is Straight Through Processing. Straight Through Processing (STP) […]
Why is data accuracy important?
[vc_row pix_particles_check=””][vc_column][vc_column_text]For firms relying on data-driven decision-making, data accuracy is important. Companies can make poor judgments, costing them time & expense if they don’t have correct data. In 1998-1999, NASA had lost a spacecraft due to a metric math error, which resulted due to data inaccuracies. As a result, data accuracy, associated with proper data […]
Role of AI & Machine Learning in Straight Through Processing
[vc_row pix_particles_check=””][vc_column][heading title_color=”heading-default” title_size=”h3″ position=”text-left” css=”.vc_custom_1647848434605{padding-bottom: 20px !important;}” title=” Document Automation”][vc_column_text]With the advancement of technology, everything in today’s world can be automated. That includes cars, warehousing, restaurant servicing and so on. With such leaps of innovation, legacy-based organisations and other firms from various sectors that are usually tech-averse, are thinking to automate certain processes to […]
Straight Through Processing for Insurance Industry
[vc_row pix_particles_check=””][vc_column][vc_column_text]Insurance is an industry that has to process an enormous amount of documents on daily basis. Human resources is a core aspect of the insurance industry due to the lack of automation at various levels in an insurance firm. Straight Through Processing (STP) is one such processing automation layer/characteristic that will allow insurance organizations […]
Straight Through Invoice Processing for Accounts Payable
[vc_row pix_particles_check=””][vc_column][vc_column_text]One of the biggest obstacles for any organization is consolidating and processing the receipts and invoices for various vendors and suppliers. Organizations that deal with different suppliers and vendors need to also ensure that their payments are processed on time with accuracy. As large amount of paperwork has to be reviewed, data entry carried […]