Organizations deal with large quantities of documents on a daily basis, which vary in terms of type, content or importance.

Ensuring the accurate classification of these files can become complex, especially if done manually.

Document classification is the process of assigning documents to relevant categories to facilitate their management and analysis.

What is intelligent document processing (IDP)?

Intelligent Document Processing (IDP) applies artificial intelligence (AI) and machine learning techniques to process both structured and unstructured documents, allowing the technology to read and process the content of documents like a human.

Through the use of OCR (a technology that helps extract text from images) and Deep Learning (a subset of machine learning), IDP is responsible for analyzing extracted data and automatically categorizing documents without human intervention.

 

IDP Advantages

  • Operational efficiency: Manual data extraction and entry can be time-consuming and costly. IDP saves time and resources.
  • Compliance: IDP reduces the risk of human error. Managing compliance tasks becomes easier, as there are logs that can be used in case of an audit.
  • Customer experience: With IDP, employees are freed from the tasks of manually reading and processing documents, providing a better customer experience through greater efficiency in processes and decisions.
  • Scalability: IDP is scalable and can be configured to process one type of document (e.g., invoices) and process only 100 documents per day, or it can be used to process dozens of different document types (invoices, complaints, bank statements, contracts, receipts, etc.) and process thousands of documents per minute.