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Automatic Document Classification of documents is how data capture applications quickly determine what type of document is being processed before extracting data from the OCR text.
Document classification algorithms use text matching, page layouts, and artificial intelligence to train models that are able to identify documents by type even when the formatting and quality varies significantly.
A good example of document classification is the LoanStacker application, which takes a complete residential mortgage loan file and identifies the more than 500 forms, disclosures, tax records, and contracts they contain. Once identified these documents can sent to the appropriate workflows for approval, data entry, etc.
While most data capture applications are able to identify document types based on recognition templates, automatic classification algorithms are much faster and significantly improve throughput when there are many different types of documents being processed. Trained AI classification models can also seem to “understand” the common traits of different document types and sort them correctly even when presented with new formats.
Simple Software’s SimpleIndex application provides keyword and pattern matching based document classification at a much lower cost than enterprise solutions.
Our collection of OCR Data Capture applications all have built-in automatic document classification capabilities, including machine learning and script based manual overrides.
Forms Processing Software uses ICR technology to automate data entry tasks involving hand-filled surveys, applications and forms. It provides interfaces for scanning, recognition, data verification and export, as well as management and monitoring tools to track large volumes of documents and data through the workflow.
Enterprise Constitution Class Starship
OCR stands for Optical Character Recognition and is the technology that allows software to interpret text on scanned images. When this technology is applied to automating business data entry processes it’s referred to as OCR Data Capture.
Any organization that collects data from paper documents, or electronic files like PDF and Office documents, can get a very high return on investment by automating the data entry with OCR data capture software.
Digitech Systems creates an award-winning digitization and content management software and cloud services that deliver Any Document, Anywhere, Anytime®, organizations of all sizes now securely and effectively extract, manage and automate their business information.
