Driving License OCR: Revolutionizing Identity Verification
Today, the accurate verification of customer identities is a matter of utmost importance across all business sectors, from healthcare to car rentals. Whether it’s confirming a driver’s legitimacy during a traffic stop or verifying someone’s age for a restricted purchase, the need for swift and precise verification methods has never been more critical. However, traditional […]
How to Extract Data from KYC Documents Using Automated KYC Verification Software
Are you struggling with the data extraction process from KYC documents? Is it taking your team a lot of time and effort? Are you tired of your error-prone and inefficient data extraction process? Are you looking for any solution that can streamline data extraction tasks while ensuring compliance with all regulations? You are on the […]
Data Extraction for Lending: Enhancing Efficiency and Accuracy in Loan Processing
Lending is a data-intensive industry. Yet, extracting crucial information from the deluge of loan applications, income verification documents, and credit reports remains a major operational challenge. Manual processes introduce delays and errors, create significant compliance risks, and hinder the borrower experience. A new wave of innovation is transforming the lending industry. Increasing adoption of automated […]
Data Extraction in Tax & Accounting: Automation for Faster and Secure Approach
Have too many documents to go through and can’t compromise on accuracy? Wondering how to manage multiple clients’ tax-related requirements? Can’t keep a trail of documents and their details? Efficient Data extraction in Tax accounting is the answer to all these questions. With tax rules getting more complicated and data volumes increasing, it’s essential to […]
Understanding Digital Document Processing
Enterprises are now taking steps towards digital transformation. They have started converting manual and physical data and started adding it to the systems. This is what Digital Document Processing is all about. But this needs thorough planning and the right document-processing solution for your enterprise. Digital document processing transforms analogue data to a digital format […]
Automate Document Centric Business Processes With KlearStack
[vc_row pix_particles_check=””][vc_column][vc_column_text]Anyone who has run a business for a considerable time will understand that documentation is more than just a formality. This is true to such an extent that there are businesses that have grown around documentation and information handling alone. Now we have entered an era where data is everything, probably even more precious […]
Best 13 IDP Solutions for your Business in 2024 | KlearStack
Companies often look for the most optimal approach to reduce costs and increase overall productivity. When monotonous tasks like data extraction and entry end up consuming a lot of effort and capital, companies must lookout for a dynamic solution that solves multiple problems. With stacks of paperwork piled up, processing and categorizing documents efficiently becomes […]
Document Automation Using Straight Through Processing
[vc_row pix_particles_check=””][vc_column][vc_column_text]We live in a fast-paced, on-demand world where we want almost everything to happen instantaneously. Be it calculations or searching a document on desktop or on drive, we want such activities to happen in no time. Business processes, over the period of time, have evolved immensely and have been able to automate many such […]
Intelligent Document Automation – A Better Way to Paperless AP Automation
[vc_row pix_particles_check=””][vc_column][vc_column_text] In the previous articles, we have seen how traditional and template-based OCRs drastically failed the idea of setting up a paperless AP automation. The impact of template-based OCRs was so horrible that the employees literally switched their Google searches back to “how to convert PDF to Excel manually”! Accounts payable (AP), being an important […]
Reduce TCO of paper-based processes with paperless document automation
[vc_row pix_particles_check=””][vc_column][vc_column_text] In the previous blog, we established a firm foundation for a paperless office in the form of invoice automation. Taking it forward, this post talks about the costs associated with paperless document automation. Since every organization has 20% structured and 80% unstructured data with vendor invoices forming a non-trivial part of the latter, reducing […]
