Product Overview of Rossum
Rossum is an innovative AI-based cloud document gateway designed to revolutionize the way businesses handle transactional documents. Here’s a comprehensive overview of what Rossum does and its key features:
What Rossum Does
Rossum provides end-to-end document automation solutions, streamlining the processing of various types of transactional documents such as invoices, purchase orders, and contracts. By leveraging advanced artificial intelligence (AI) and machine learning algorithms, Rossum automates the entire document processing workflow, from data extraction and validation to integration with existing business systems. This automation significantly reduces manual data entry errors, minimizes the risk of document-based fraud, and enhances overall operational efficiency.
Key Features and Functionality
AI-Powered Data Extraction
Rossum uses machine learning, specifically deep learning models, to extract data from documents with high accuracy, often exceeding 95% in the first month of deployment and up to 98% over time. This technology eliminates the need for templates, allowing Rossum to handle dynamic content and shifting data formats seamlessly.
End-to-End Automation
Rossum automates the entire transactional document process, from capture and classification to data extraction, validation, and integration with business systems. This end-to-end automation reduces manual intervention and associated errors.
Customizable Workflows
Businesses can tailor their document processing workflows to meet their specific needs and requirements. Rossum’s user-friendly interface and low-code, cloud-native solution enable rapid deployment and customization without extensive IT involvement.
Integration Capabilities
Rossum integrates seamlessly with existing business systems, such as Enterprise Resource Planning (ERP) or accounting software, through email, Robotic Process Automation (RPA), or Application Programming Interfaces (APIs). This integration ensures smooth and efficient data flow and reduces the need for manual data entry.
Data Validation and Verification
Rossum’s AI technology includes robust validation and verification mechanisms to ensure the accuracy and integrity of extracted data. The platform validates data against predefined rules and formats, flagging any discrepancies for review and correction.
Optical Character Recognition (OCR)
Rossum incorporates OCR capabilities to accurately extract text from scanned documents, including handwritten or printed text. This feature ensures that all types of documents can be processed efficiently.
Natural Language Processing (NLP)
The platform uses NLP techniques to understand and interpret the content of documents, enabling accurate extraction of relevant information even from unstructured text.
Document Archiving and Reporting
Processed documents are archived for future reference, and the platform generates detailed reports and analytics on document processing performance, data accuracy, and workflow efficiency. These insights help businesses optimize their document management processes and make data-driven decisions.
Enterprise-Grade Safety
Rossum’s proprietary transactional Large Language Model (LLM), Rossum Aurora, is trained on millions of transactional documents and includes enterprise-grade safety features. This ensures the platform is language agnostic and protects against document-based risks such as fraudulent or duplicate documents.
In summary, Rossum is a powerful tool for businesses looking to streamline their document processing workflows, enhance accuracy, and reduce operational costs. Its advanced AI technology, customizable workflows, and seamless integration capabilities make it a game-changer in the document automation industry.