Acodis – Intelligent Document Processing (IDP)

Acodis has been offering document data extraction since its founding in 2016. As every business process starts, finishes, or involves documents, Acodis Intelligent Document Processing platform can classify, extract, and automate them, in order to make data entry easier and faster.

The document automation tool aims to to meet all data requirements: whether a reliable PDF data extractor is needed, or an automated data entry program. Powered by machine learning, the AI data extraction process continuously evolves when it is fed more data. Users are not required to train the software; Acodis can manage this process for the user.

Benefits of data extraction with Acodis:

• No complex rules/templates (continue working even if the document layout changes)
  
• Scalable to all business processes
• Data is never sent around the globe for verification

Alternative 1: Manual Data Extraction

• A human will look at a document, someone manually enters all relevant data points into an application and hits save
• Time-consuming, error-prone, and expensive
  

Alternative 2: Rule-based OCR

• Relies on a set of rules/templates to extract data from a document
• Can break if a document format changes (a risk because documents constantly change)
  

Alternative 3: Standard Machine Learning

• Demands a lot of time spent data labelling documents
• In the worst case, the supplier sends document to third parties for human verifications (likely not GDPR compliant)