Square 9 Softworks, a market-leading supplier of enterprise digital transformation solutions, has unveiled a new product that automates document capture and data extraction using artificial intelligence and machine learning.
The new product, dubbed TransformAI (TAI), fully eschews the use of template-based data extraction and instead extracts data from documents by intelligently determining the identity and location of the content on each page. Customers should save thousands of dollars in professional services during system setup alone as a result of this choice, which will also cut down on the number of human touchpoints required to collect document information.
The modular workflow structure that Square 9 created for its document capture platform is also completely compatible with TAI. Although the Accounts Payable and receipt processes are the current emphasis of Capture AI’s use cases, its early adopter program’s success indicates that it will soon overtake those processes as the preferred way of capture.
“This is game-changing technology”, “The speed and accuracy of this product and the fact that customers aren’t limited to templates makes it an extremely alluring option for capturing Accounts Payable documents.”
Stephen Young, President and CEO, Square 9