4 Ways to Leverage Intelligent Capture Strategically

4 Ways to Leverage Intelligent Capture Strategically

In today’s market, your digital transformation efforts play a crucial role in your business’s success. As Intelligent Capture technology continues to evolve rapidly, automating manual, paper-based processes has become necessary to compete with other businesses and stay relevant.

This technology allows us to identify and extract critical information without any explicit user guidance. However, intelligent capture is not limited to the extraction of information.

Combined with business process automation and content management, data capture gives us a strong foundation for automated workflow, helping us set up a workplace for the future.

This is why it’s important to consider the important features of intelligent capture to unleash its true potential. In this article, we will discuss how 4 ways we can use intelligent capture to leverage it strategically.

What Does Intelligent Capture Offer?

Intelligent capture is a combination of several highly completed and advanced technologies. Here are some of the main features this technology can offer us:

Machine Learning

At the center of any capture solution lies technologies like OCR (Optical Character Recognition), as well as other machine learning algorithms. These algorithms apply artificial intelligence to software and enable us to train the system through samples.

The software can continually learn from production user input and enhance its ability to classify documents and improve data extraction over time. This helps us extract information more accurately without spending time, money, and energy maintaining rules.

Data Extraction

The main purpose of intelligent capture solutions is to provide support for data extraction. It helps us pull information from business processes regardless of language, document format, and the type of information (i.e., structured, semi-structured, and unstructured).

At the same time, it extracts all kinds of fields, from bubbles, handprint, and machine print (any font) to cursive, barcodes, and checkboxes. This data extraction provides the fuel for automation.

However, gathering raw data through OCR isn’t enough. An intelligent capture solution needs to provide multiple OCR engine results and give features to format, locate, and interpret OCR data to make it actionable.

Validation Rules

Sometimes, data capture tools misidentify data during extraction. By setting validation rules, data capture technology allows us to create an intuitive and keyboard-friendly data validation interface. Through such interfaces, we can quickly locate and resolve the extracted characters and fields.

Natural Language Processing

Natural Language Processing is another specialized machine learning algorithm that helps us drive a better understanding of unstructured data. Using this tool, we can analyze content and sentiment in data from letters, emails, and contracts through text classification. Therefore, we can reduce human intervention and deliver relevant information to stakeholders.

Multichannel Capture

Customers, stakeholders, suppliers, and partners are never restricted to a single communication channel. This is why intelligent capture needs to provide multi-capture support to accommodate all preferences.

In other words, the technology must gather, classify, and deliver data from faxes, email, mobile, web, folder, desktop scanner, and MFP front-panel integration. At the same time, the Mobile SDK allows developers to integrate a range of different mobile capture features such as capture, extraction, classification, recognition, image compression, perfection, and data validation into apps and websites.

Distributed Capture

Just like the client-side, information management on the business end is not one-dimensional. Companies need a centralized back-office document capture where they can use distributed use cases and production scanners in branch offices, as well as on the field.

Intelligent capture backed by a content management system requires a central administration, reporting, scanner profile management, and licensing to minimize the total cost of ownership. If implemented correctly, it gives us an effective system to gather information from all corners of our business.

Mailroom Capture

Mailroom capture is an extension of intelligent capture where we can leverage across multiple departments. It allows us to provide support for the extraction and understanding of several document types such as medical documents, emails, letters, contracts, invoices, forms, shipping documents, onboarding documents, and mortgage documents.

4 Ways to Leverage Intelligent Capture Strategically

The following are some of the main ways intelligent capture helps businesses meet organizational goals and optimize knowledge management.

1-Streamlining AP Operations

Accounts Payable is an exceptional challenge for companies across different industries. When a business grows, the volume of AP documents increases exponentially. This is especially worrisome for businesses with several branches and departments.

Advanced intelligent data capture solutions enhance throughput and reliability and allow companies to establish a standardized global protocol and streamline accounts payable operations.

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2-Scaling Processes and Facilitating Growth

As businesses grow, internal inefficiencies become more apparent. Problems within individual processes combined with inter-dependency among departments slow down the entire workflow. Hiring additional staff doesn’t solve the problem and costs continue to increase.

This is where we need solutions like Intelligent Capture. It is at the center of your organization’s business processes and plays a crucial role in facilitating growth. It helps us manage the growing volume of information and ease the pressure on our staff.

Additionally, as intelligent capture is available on the cloud, we can pay only for what we need and adjust our priorities as the situation becomes more demanding.

3-Creating an Environment for Automation

Although many companies use intelligent capture exclusively for AP processing, it has applications in several other places. In enterprises, there are several departments where the company has to process volumes of documents.

By introducing intelligent capture to your workflow, you can optimize how information flows through human touch-points and direct it to where it is needed. Therefore, there is no need for manual intervention, and you can set up a seamless ecosystem of processes.

4-Enhancing Analysis and Reporting

Another important use case for intelligent capture is in analysis and reporting. It allows us to monitor system performance and gain in-depth insight into processes. By tapping into information in internal business processes, you can a deeper understanding of processes.

Advanced solutions can show you operator statistics, extraction accuracy, batch status, as well as other reporting and analytics features for effective document management.

Data is fast becoming a strategic asset, and leveraging it effectively is the key to growth and success. Intelligent capturehelps us capture data from disparate sources and delivers us timely insights.

By incorporating it into our workflow, we can make the most of our resources and create an efficient, productive, and high-yield system.