Vartik Doc Processor: Form Extraction using GenAI
Business Challenges in Manual Data Extraction
Organizations in various industries such as healthcare, finance, insurance,
and banking are usually inundated with multiple types of forms such as ACORD
forms, W2 forms, and even medical records. These documents are manually
processed, which increases chances of human error, decreases productivity,
and takes a significant amount of time. The different structures and formats
of the forms add to the challenges faced.
|
 |
Key pain points include:
-
Operational Inefficiencies
-
Human Mistakes
|
-
Scalability Limits
-
Data Isolation
|
Vartik Doc Processor
To address these problem areas, we have developed an innovative Vartik Doc
Processor that leverages Generative AI technology. Vartik Doc Processor
classify documents and extracts data from scanned or machine-readable
Insurance Acord forms like (Acord 25, Acord 130, Acord 125, etc.) and
finance, healthcare, banking forms by recognizing relevant data fields, and
convert them into structured formats such as JSON or CSV. It then can
integrate extracted data for real-time synchronization and updates target
systems, including CRM, Sales, and other internal systems, improving
workflows and ensuring accurate records.
Below is a schematic representation of how the solution works:
Below are the main features and flow for Vartik Doc
Processor:
-
Document Classification
-
Intelligent Data Extraction
|
-
React Web Application
-
Efficient Integration
|
Business Benefits
-
Enhanced Efficiency
-
Improved Accuracy
-
Cost Savings
|
-
Scalability
-
Regulatory Compliance
|
The Vartik Doc Processor is a game-changer for industries reliant on
document processing. By automating the classification, extraction, and
integration of data from complex forms, this ensures extraction is accurate
and reliable.
|