The power of automation

Why financial services should rely on IDP

In an increasingly digitised business world, intelligent document processing is becoming more and more important. 

Companies are looking for ways to work more efficiently, reduce costs and improve the accuracy of their processes. In this blog post, we will take an in-depth look at the importance of automation in these areas.

IDP: Intelligent Document Processing for better results

IDP is an advanced technology that enables companies to process documents intelligently. This includes extracting data from documents, recognising patterns and automating tasks that were previously done manually. There are many benefits to using IDP in financial services and other industries:

  • Accuracy: IDP reduces human error to a minimum. Data is captured and processed accurately, ensuring reliable results.
  • Time saving: Automation of document processes significantly speeds up processing times. This is particularly important in financial services, where speed is often critical.
  • Cost efficiency: By reducing manual tasks, staff costs are minimised and resources can be used more efficiently.
  • Scalability: IDP systems can seamlessly adapt to increasing demands without the need for additional resources.

Why is document/financial services automation so important?

The automation of documents and financial services helps to increase the competitiveness of companies, improve the quality of services, reduce costs and minimise the risk of errors. It is therefore not surprising that automation is becoming more and more important in the financial industry and in many other business areas.

DocBits: Your solution for document processing

With DocBits, FELLOWPRO AG offers an outstanding solution for document processing. DocBits uses advanced technologies such as artificial swarm intelligence, machine learning and optical character recognition to achieve unparalleled accuracy and efficiency in capturing, processing and extracting valuable data from invoices and documents. This powerful tool integrates seamlessly with your existing systems, eliminating manual data entry and allowing your business to take full advantage of automation.

See DocBits in action, schedule a demo and start improving your efficiency and streamlining your document processing today with DocBits by FELLOWPRO.

Curious? Simply ask us

The power of automation

Image credits: Header- & Featured image by Freepik