DocuNECT Lifecycle Applications – Automating Document Data Extraction and Verification

DocuNECT manages the complete lifecycle of a document from capture through to retention and easily integrates with third-party document management systems. The lifecycle can be mapped to capture the documents, extract/review data from documents, present issues in a workflow and then release to your document management system.

This model can be applied to many different business scenarios, such as loan verification, accounts payable, human resource on-boarding and many more.

Templates and Enhanced Business Rules
  • Use business rules to classify documents into different categories, such invoice vendors or loan document types
  • Define document type specific business rules to automatically extract index values, or redact Personally Identifiable Information (PII)
  • Assign contextual rules. For example, if you receive an invoice from a vendor that is significantly greater than the historical average then flag it for review by an operator
Document Classification and Indexing Verification
  • Web-based review module to review automatic classification
  • Re-organize pages and documents within the module
  • Web-based indexing/verification visually indicates where business rules fell below the defined confidence threshold and requires review
Machine-Learning
  • Calculates business rule effectiveness by analyzing user intervention
  • Analyzes user intervention to recommend adjustments to business rules
  • Use document type history to adjust business rules
Process Management
  • Use business rules to review or approve data elements extracted from documents
  • Utilize user or role based work queues
  • Dashboard for monitoring progress
See a DocuNECT Lifecycle Application in Action

The following video shows an example of an Accounts Payable lifecycle application.