Datamatics, a Global Digital Solutions, Intelligent Automation products, IT Solutions, and BPM company, today announced the launch of a new version of TruCap+, an AI-enabled Intelligent Document Processing (IDP) product. TruCap+ will allow enterprises to realize faster time-to-value and achieve greater Straight-Through Processing (STP) with accuracy. The product is closely integrated with Datamatics Robotic Process Automation (RPA) product, TruBot.
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“Our newly launched AI-enabled TruCap+ is template free, cloud-based, and will enable enterprises to processes huge data volumes with speed and accuracy.”
Datamatics Intelligent Automation Platform comprises RPA (TruBot), IDP (TruCap+), and AI/Machine Learning (ML) capabilities. The new IDP Product, TruCap+, has several key and differentiating features, including –
- A template-free approach that reduces set up time by 30% -70% and delivers faster time-to-automation. Users do not need to create and maintain multitudes of document templates that escalate the Total Cost of Ownership (TCO) and increase time-to-value.
- Pre-built AI/ML capabilities and business rules enable automated verification and validation of data. Continuous learning & improvement based on AI/ML algorithms and user inputs. Cognitive capabilities deliver a greater percentage of Straight-Through Processing (STP) with higher accuracy, thereby reducing manual effort and saving time. TruCap+ supports multiple Optical Character Recognition (OCR) engines.
- Rapid Cloud deployment, ensuring infrastructure flexibility and scalability with increasing workloads.
- An easy-to-use Configurator and a compelling User Experience (UX) that enables business users to quickly achieve document automation. Browser-based access and an intuitive User Interface (UI) ensures faster document processing.
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“Enterprises struggle to process zettabytes of unstructured data with OCR engines, and scaling automation is a major challenge. Hence, the IDP market is witnessing a rapid growth at a CAGR of over 30%,” said Mr. Rahul Kanodia, Vice-Chairman & CEO at Datamatics. He further added, “Our newly launched AI-enabled TruCap+ is template free, cloud-based, and will enable enterprises to processes huge data volumes with speed and accuracy.”
“Enterprises’ reliance on documents has not changed; it has just moved from paper to electronic formats; however, this makes it easier to apply intelligent automation. Datamatics has grasped this opportunity, and their AI-enabled IDP solution helps organizations tackle unstructured data in documents, reduce a host of errors in end-to-end processing, thereby making businesses more efficient,” said Michael Azoff, Chief Analyst, Kisaco Research.