Every organization still processes a number of paper-based transactions and every paper transaction is up to one hundred times more expensive to process. Automating paper-based transactions is the most logical first step toward a comprehensive electronic transaction processing strategy, providing immediate results that are complementary to your existing legacy applications.
At 3i Infotech, we integrate best-of-breed commercially available technologies into our solutions and innovate only where we can create a competitive advantage. To provide the highest levels of recognition (and the lowest levels of exception processing), in addition to our own software, we incorporate recognition technologies from A2iA and Mitek.
For proof of deposit, lockbox, and remittance processing environments, we use a combination of OCR, ICR and MICR to read the Courtesy and Legal Amounts (CAR+LAR), Address, Date, Payee Name, MICR code line, and verify the presence of a signature.
Our TMS Automated Data Capture (TMS ADC) module utilizes multiple recognition methods to improve read rates and maximize efficiency.
- Reduced manual data entry from paper
- Improved efficiency and reduces costs
- Automated data validation
- Accelerated transactions
Our Form and Field Recognition module provides a complete data capture and forms processing solution that allows companies to automate the processing of forms like insurance claims or financial applications, through the use of data capture and recognition technology. Our systems automatically recognize thousands of document types and formats to allow for the high-speed capture, classification, indexing, recognition, data entry and validation. Most of your documents probably don’t have a pre-determined format or layout, but share common data elements. Now it’s possible to automate data entry using ICR technology for documents you thought were impossible to read.
Using contextual, positional format and keyword specific information, we give you the ability to perform ICR ‘on the fly’ and is most useful when you have no control over the design of the forms. You can easily find your mission-critical data even if the data appears in different locations on each document.
Clients using our solutions have experienced over 80% reduction in the time required to process a document. Unlike vendors who specialize only in recognition and data entry, we provide an end-to-end integrated solution from data capture through storage and retrieval.