(Image source: Vidado Vision webpage.)
Vidado, an Oakland, Calif.-based provider of intelligent automation (IA) solutions to the insurance, financial services, and pharmaceutical industries, has announced the immediate availability of the company’s new document intake, sorting, and preparation solution, Vidado Vision.
Vision moves paper-bound, manual process into an AI-driven, digitally-automated state by identifying, sorting, and managing multiple, inbound documents for faster, more accurate, internal processing, according to a Vidado statement. Vision enables organizations to implement a digital mailroom, for example, with little to no human involvement, the vendor says. Through the use of machine learning (ML), the Vision platform can quickly deconstruct forms and view them as a human would in order to identify what the machine is looking at.
“Vision AI works almost like an x-ray machine,” comments Nowell Outlaw, CEO, Vidado. “It can see past distortions, such as creases, missing pieces, tears, or skewed scans, to identify the form and then extract the data on the form. We can even take low-resolution scans, handwritten documents, or documents that have been scanned more than once, and turn them into easily usable data.”
Since Vision offers the ability to upload files as-is, it effectively makes more projects feasible since costly, manual sorting or preparation is no longer necessary, Outlaw adds. “Vidado has become one of the most crucial pieces of the data automation process by providing clients with a huge advantage against competitors who require extensive file organization before beginning a project,” he concludes.
Efficiency Plus Accuracy
Vision’s preparation of documents for data extraction and enhancement of the quality of the uploaded documents help Vidado achieve better-than-human accuracy in delivery of true automation-ready data, the vendor notes. By working with the best data possible in the first steps of the process, performance improvements cascade throughout the subsequent workflow, leading to a significant increase in straight-through processing (STP), Vidado asserts.
Through use of a robust, open API layer, all of Vidado’s solutions can be easily integrated into existing IT environments and provide an almost immediate return on investment (ROI), according to the vendor. The company’s cloud-native, product platform allows for rapid implementations and speed-to-market and has been implemented successfully in more than 100 live customer environments, Vidado reports.