EXACTO

EXACTO Product Overview

EXACTO^TMis developed in collaboration with a leading university in the field of AI and is a result of our continued investments in Research and Development. EXACTO^TM, harnesses the latest innovations in AI, Machine Learning and Computer Vision techniques that integrate seamlessly with Robotic Process Automation to create a differentiated product.

The Natural Language Processing-based engine allow EXACTO^TMin interpreting, extracting and reading both structured and unstructured text information. This enables handling and identifying any missing, unseen and ill–formed data from the handwritten documents, faxes, electronic documents and images. The product is enabled with domain ontology which gets better with every new transaction and unsupervised learning, resulting in a better processing speed and providing close to 100% accuracy.

Key Differentiators

Domain
Ontology

Provides semantic search & sort of fields from the stream of data extracted along with spell check and missing data correction

Image
Processing

Can fix geometric distortions on images, remove noise from the input image and sharpen and fix image temperature

Self
Learning

Can identify and extract free-flow handwritten text

Semantic
Information Retrieval

The semantic engine finds and extracts relevant information resulting in higher accuracy in data extraction

Handwriting
Recognition

Can identify extract and free-flow handwritten text

Unstructured
Data Support

Does not depend on structure and layout of the input source

Our Products

EXACTO^TM
Trade

Trade Process Automation for increased STP rates in Capital Markets After a trade is confirmed, the custodian facilitates the comparison of trade between buyer and seller, and then carries out change of ownership and transfer of securities and cash. The input transaction document is in the form of fax for 25% of trades, which prevents STP. EXACTO^TM | Trade can process these faxed trades with over 99% accuracy.

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EXACTO^TM
Invoice

Invoice capture and processing in any format Agility in serving customers and maintaining good relations with vendor partners is the prime need of business. However, paper-based invoices processing can severely increase your Accounts Payable cycle, thus looming dark on valuable business relationships. EXACTO^TM | Invoice can automate data entry and validation of invoices and quickly route them for approval. Working 24/7 to speed up the Accounts Payable cycle.

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EXACTO^TM
KYC

Automated KYC for companies through web sources such as stock exchange websites, company web portals etc. EXACTO^TM | KYC employs intelligent web crawlers which can scrape tons of data from secondary accessible websites in no time. The semantic analysis using NLP is done to enrich the evidentiary workflow and thus not only impact the TAT, but also reduce chances of oversight or negligence due to manual fatigue.

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EXACTO^TM
RX

The triage of medical equipment on the basis of prescriptions is highly time-sensitive, as these equipment are life-saving devices for the patients. But, the prescriptions are either printed or handwritten, and they are scanned while transferring for the order intake. These scanned prescriptions prevent automation. EXACTO^TM | Rx can process these scanned prescriptions and speed up the order intake process for faster triage of life-saving medical devices.

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EXACTO^TM
Cheque

Automated cheque processing solution to improve productivity and allow for advanced customer services. EXACTO^TM | Cheque can assist in both improving controls, reducing risks, meet compliance requirements, and provide additional services by automating the extraction of information that is not otherwise possible today.

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EXACTO^TM
Contract

EXACTO^TM | Contract can read and understand the contracts to facilitate semantic search and retrieval of contract deliverables, obligations, important dates, etc. While at it, EXACTO^TM | Contract also helps build your contract database for running analytical research, tracking version changes, etc. and increasing the transparency throughout the contract management value chain.

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Benefits

Enhanced accuracy using Machine Learning

Reduction in AHT for contract processing

Enables clear tracking and audit trails due to digitization

Continuous automated evaluation & optimization of extraction solution

Enables search and retrieval for paper based contracts

Adequate tracking of renewal dates, SLAs, milestones, obligations etc.

Risk Mitigation due to increased accountability

Auto-capture of data without configuring each template of input

Client Success

Case Studies

EXACTO™ enables smart data extraction to accelerate invoice processing. HCLTech implemented the EXACTO™ product for the client’s finance department that leverages Deep Neural Networking and Natural Language Processing to automate the data extraction in the processing of invoices.

EXACTO™ Kicks automation into overdrive for Swedish motorbike manufacturer. The EXACTO™ product was seamlessly built into the client’s existing workflow alongside the Toscana Business Process Suite that enabled it to track the progress of the invoices.

Testimonial

Derek Shaw talks about how IT has played a crucial role in the transformation journey of Land O'Lakes, a member-owned agricultural cooperative focusing on the dairy industry based in Minnesota.

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