Benefits in Finance & Accounts with Ephesoft’s Smart Information Capture Solution

Benefits in Finance & Accounts with Ephesoft’s Smart Information Capture Solution

It’s Monday morning and your impending duties are awaiting your arrival at work, not just that, a set of collateral documents that are in desperate need of your supervision is piled up expecting your urgent response and care. Wishing that you didn’t have to head to work as you would end up cascading into a pile of monotonous and dull worksheets that swamps you with immense work pressure unnecessarily? Realise the importance of your valuable time that tends to get lost in translation by just organising your documents for delivery. Simplify your mundane tasks and initiate a method of staying ahead of your deliveries. Introducing Ephesoft Transact, an intelligent document capture and classification solution that extracts meaningful data from documents no matter the format or how you receive them. Exponentially accelerate your business transactions and take advantage of your work situation. Classify, optimise and trickle down your workload to smaller nuggets and refrain from overcomplicating daily tasks by enabling our classification technology and allowing organizations to automate and streamline mailroom processing and other document-based business processes. Our Smart Capture solution can identify the information you need without manual data entry, without time-consuming document sorting or scanning separator sheets with barcodes. This solution provides your downstream ERP / BPM solution with extracted information, that is error free thereby avoiding any risks and costly lawsuits. Automate and Elevate above your competition. Power your business with Ephesoft, your personalised technology solution that initiates information capture that drives efficiency and reliability, by incorporating next-generation intelligence into the system that has proven to be simple and cost-effective. How do we do it? By using open standards and web-based software that offers flexible and accessible solutions spread across an array of customers that continue to expand, switching to modern capture-and-extract solutions that save time and drives efficiency. Increase the productivity of your workforce by 400% and unlock trapped documents by adding us as your partner and using our tried and tested Smart Capture technology on-premise or in a SaaS model. Smart capture technology uses supervised machine learning to recognize any field no matter the location on the pages provided. With a focus on efficiency and reliability, Ephesoft has crafted the next generation of intelligent document capture. Witness the advancements in your company and prevent inconsistencies and keep processes predictable, auditable and timely. Make more informed business decisions with real-time visibility into key performance indicators and metrics. Allow your businesses to make informed decisions with the key aspects of better performance and metrics. Enterprise Information Management + RPA Leverage Ephesoft’s enterprise-level smart document capture solution-Transact with RPA tools to stay at par with the evolving digitised industry. Financial institutions are already using Ephesoft Transact with RPA for a variety of used cases, including new account openings, loan approvals and trade finance, AP & AR automation. Our application’s flexibility and ease of integration creates a powerful smart automation platform for any organization to comply with industry standards and that’s future ready Make your Monday mornings something to look forward to, every time. Effortlessly power your business solutions with Ephesoft and MicroGenesis, your partners in growth and hassle-free documentation.
How does Optical Character Recognition add value to your business?

How does Optical Character Recognition add value to your business?

The workforce of the future is moving away from manual intervention. Anything that is repeatable is automated with seamless process workflows, artificial intelligence and IT tools. 73% IT entrepreneurs are embracing digital automation tools to optimally deploy human resources for strategic and creative activities.  Optical Character Recognition eliminates the need for human intervention to manage documentation and knowledge centers. OCR technology helps computers read physical documents, handwritten files and non-text formats and convert them into easy readable forms to drive efficiency in enterprise content management. OCR solutions with a difference MicroGenesis, with 2 decades worth of experience and expertise, has offered customised services and solutions to various domains. These include, healthcare, automotive, retail, and manufacturing.  MicroGenesis Techsoft is the platinum partner for Ephesoft and is expanding its footprint across the globe. The smart document capture solution from Ephesoft completely automates financial data extraction process by removing manual compilation and organizing relevant accounting data. The OCR solution captures, cleanses, identifies, reviews, extracts, and validates the content. This centralized repository of useful content can be used for creating reports, gaining business insights, carrying out predictive analysis, and more. Differentiators: MicroGenesis’ OCR can be integrated with various existing content management repositories (like SAP, Oracle, SharePoint, etc.) or Enterprise Resource Planning (ERP) software. The salient features of MicroGenesis’ OCR solutions:-
  • Capturing Documents: The OCR can convert documents in paper and electronic data irrespective of structured, unstructured, and semi-structured formats.
  • Eliminating Manual Processes: The OCR extracts information/data automatically from the source and reduces manual processes, which may lead to a larger percentage of errors.
  • Verification of Data against various Databases: The OCR cross verifies and matches the present data with the different data sources, schemas, and flexible maps.
  • Providing Accurate Information: The OCR attaches fields, forms and character level scores to the extracted data. These indicators are important for extracted data accuracy.
  • Easy Access: The OCR information can be accessed from anywhere in the world as it is centralized with high-level security.
Advantages of OCR With MicroGenesis’ OCR solution, you can expect the following advantages:-
  • Minimized Errors: The OCR process is completely automated and accurate with least percentage of errors. It can easily replace manual processes that are mostly error prone.
  • Large Volumes of High-quality Document: The OCR can receive, process, and release large volumes of good quality content and documents.
  • Increased Productivity: The OCR process is seamless as the document capture and extraction can be streamlined. Also, the workflow has high degrees of visibility. They contribute to the increase in productivity and eliminate manual processes.
  • Decreased Labor Cost: Automate capturing and processing of information from structured, unstructured, and semi-structured data helping reduce the need for labor.
  • Improved Accuracy: With lesser labor and manual process, error percentage is minimized leading to highly accurate content. It also helps bring down the processing time.
  • Decreased Operation Cost: Helps reduces the paper prints, storage space, and infrastructure. It can also help in optimized resource planning thereby, reducing operation cost.
  • Improved Accessibility: Ease in access due to centralized data storage, easy capture and management solution. These features can easily recognize and index entire files leading to enhanced audit efficiency.
  • Highly Customer-centric: Partnership with Kofax and Ephesoft for delivering highly customized, accurate, and quality document capture solutions