These organizations are faced with the competing requirements of improving profitability while delivering world-class customer service. They are trying to manage growing amounts of information from a wide range of sources—both electronic and paper-based documents.
Insurance companies are also required to comply with an ever-increasing number of regulations, while providing critical auditable information to the business.
Insurance Document Classification
Ephesoft document and data capture solutions help businesses run more efficiently, increase information mobility and respond to changes in a cost effective manner by automatically classifying, separating, sorting and extracting data from documents in paper and electronic formats. Our Smart Capture® insurance industry solutions can identify the information you need without manual data entry, without time-consuming document sorting or scanning separator sheets with barcodes. Our classification and data extraction technologies allow organizations to automate and streamline document-based business processes. Ephesoft makes critical business information available to business systems and customers faster and more accurately.
On-board a variety of insurance-related documents including applications, claim forms, contracts, policies and much more. Address all the areas of Insurance Property and Casualty, Life, and Healthcare. .
The key to any process is the data held within the documents. Manual data entry from these documents is slow, error prone and expensive. Ephesoft’s data extraction can identify, extract and validate hundreds of key fields in a fraction of the time and cost of manual data entry. During classification and data extraction, validation is available for documents that hit a low confidence threshold. If any documents or data fields are questionable, a human can interface with the process and either validate, correct or append any questionable automation results.
Extracted data can easily be normalized and sent to your Insurance Line of Business System, allowing endless data population and validation options. Integration into LOB systems enables auto indexing and validation while on-boarding new documents. Missing metadata can be append by automatically pulling key information from live business systems, reducing the need to for human intervention manually querying into such a system.