Intelligent document recognition provides three key capabilities that transform unstructured information into the fuel that ignites better processes and insight:
1. Classification: Intelligent document recognition interprets content and patterns on documents to automatically classify paper and electronic documents into different document types, and determine the beginning and end of a document. For instance, intelligent document recognition can apply optical character recognition (OCR) technology to an entire document to capture information and compare it with data stored in lookup tables about known document types.
2. Extraction: Once a document is classified, intelligent document recognition automatically extracts important data from anywhere on the document, creating information to start a business process and/or to populate a database in a downstream application such as an accounting system, enterprise resource planning (ERP) platform, customer relationship management (CRM) system, or enterprise content management (ECM) system.
3. Release: Intelligent document recognition solutions automatically export data and images (such as searchable PDFs) to a business process/workflow or to any downstream system. This information is immediately available for use, to gain insights into operations and customers, or enabling workers to take action quickly.