Product Overview of Rossum.ai
Rossum.ai is a cutting-edge platform specializing in Intelligent Document Processing (IDP) using advanced artificial intelligence (AI) and machine learning technologies. Here’s a detailed look at what the product does and its key features:
What Rossum.ai Does
Rossum.ai is designed to automate the processing of transactional documents, such as invoices, bills of lading, and sales orders, with a high degree of accuracy and efficiency. The platform leverages AI to streamline document processing workflows, reducing the need for manual intervention and enhancing overall business productivity.
Key Features and Functionality
AI-Powered Data Extraction
Rossum.ai employs a proprietary transactional Large Language Model (LLM) called Rossum Aurora, which has been trained on millions of transactional documents. This AI is language-agnostic and 100% template-free, allowing it to capture data accurately even when document layouts change. It uses computer vision, fuzzy logic, and deep learning to identify characters, shapes, and symbols with over 98% accuracy.
End-to-End Automation
The platform provides end-to-end automation of transactional documents, from document understanding to workflows, communication, and reporting. It integrates seamlessly with upstream and downstream systems, including major enterprise software like SAP, Workday, and Coupa. This integration enables automated classification of documents, data extraction, and communication, significantly reducing manual data entry errors and supply chain disruptions.
Unified Platform
Rossum.ai offers a holistic view of documents, simplifying the automation of entire business transaction workflows. The platform is cloud-native and SaaS-based, which means rapid deployment and reduced IT maintenance costs. It is designed to be managed by business users rather than IT teams, making it user-friendly and adaptable to various business needs.
Advanced Automation Capabilities
- Template-Free Processing: No templates are required, allowing the platform to handle semi-structured and unstructured documents with ease.
- Automated Validation Workflows: Streamlined validation processes reduce the need for manual adjustments, with manual intervention typically required in only about 10% of cases.
- In-App Collaboration: The platform includes in-app email and collaboration tools for faster issue resolution and validation.
Analytics and Reporting
Rossum.ai provides a comprehensive Usage Reporting Dashboard that allows users to visualize analytics and track key document processing metrics. Users can select specific queues, users, and date ranges to generate detailed reports, helping in monitoring and optimizing document processing efficiency.
Business Impact
The platform has been proven to deliver significant business benefits, including:
- Reduced Overhead Costs: By automating document processing, companies can reduce manual workload by up to 82% and save substantial time per document (up to 95%).
- Increased Speed: Commercial transactions are sped up, and the overall ROI on automation is significantly improved, with a median customer ROI of 365%.
- Enhanced Accuracy: The platform achieves high accuracy rates, typically over 93%, reducing errors and improving the reliability of document processing.
In summary, Rossum.ai is a powerful tool for automating transactional document processing, leveraging advanced AI and machine learning to enhance accuracy, speed, and efficiency. Its integrated and user-friendly platform makes it an invaluable asset for businesses looking to streamline their document processing workflows.