Product Overview: Ephesoft Transact
Ephesoft Transact is a sophisticated and intelligent document capture and data classification platform designed to automate and streamline the processing of various types of documents. Here’s a detailed look at what the product does and its key features and functionality.
What Ephesoft Transact Does
Ephesoft Transact is engineered to capture, classify, extract, validate, and export data from documents, regardless of their format or input method. This includes documents from sources such as mobile devices, email, paper scans, and more. The platform is tailored to accelerate critical business processes like invoice processing, mortgage approvals, background checks, and other transactions that traditionally involve manual data entry and time-consuming workflows.
Key Features and Functionality
Automated Document Processing
Ephesoft Transact automates the end-to-end document processing workflow with minimal operator interaction. It uses patented supervised machine learning technology to recognize different types of documents, separate them automatically, and extract meaningful data. This eliminates the need for manual sorting or the use of separator sheets.
Document Classification and Extraction
The platform employs multiple classification methodologies to identify documents accurately. It extracts data using various methods, including key/value pairs, paragraph extraction, and barcode data extraction. The system also utilizes exception-based processing, where documents with low confidence scores are flagged for human review, ensuring high accuracy.
Integration and Export
Ephesoft Transact integrates seamlessly with various business applications such as ERP, ECM, and CRM systems. It exports processed documents and metadata to these systems, making the data searchable and easily accessible. The platform supports CMIS (Content Management Interoperability Services) export plugins for integration with any CMIS-compliant repository or business system.
Flexible Deployment Options
The software can be deployed on-premises, in the cloud, or in a hybrid model, providing flexibility and scalability. It is certified for Amazon Web Services and Microsoft Azure, ensuring reliable and secure cloud operations.
User Roles and Interface
Ephesoft Transact is designed with different user roles in mind: super administrators for system-level operations, administrators for high-level configurations and integration, and operators for reviewing and validating documents. The platform features a 100% browser-based architecture, allowing for easy remote access and mobile device integration via the SnapDoc app.
Reporting and Analytics
The platform includes robust reporting capabilities, such as dashboard reports and throughput reports, which provide insights into system health, batch processing metrics, and user throughput. These reports help in making informed business decisions and optimizing the document processing workflow.
Advanced Technologies
Ephesoft Transact leverages advanced technologies including OCR (Optical Character Recognition), ICR (Intelligent Character Recognition), free-form extraction, fuzzy database matching, and machine learning algorithms. These technologies enhance the accuracy and efficiency of the document capture process.
Benefits
- Cost Reduction: Significant savings through reduced manual data entry and lower integration costs.
- Process Improvements: Accelerated processing speeds, with some processes being up to 10 times faster than before.
- Improved Accuracy: High accuracy achieved through multiple recognition engines and machine learning algorithms.
- Productivity Gains: Average productivity gains of 75%, with some customers reporting up to 700% increase.
- Environmental Sustainability: Reduced paper usage and lower consumable costs contribute to a more environmentally sustainable business.
In summary, Ephesoft Transact is a powerful tool for automating document capture and data extraction, offering a range of features that enhance efficiency, accuracy, and productivity while reducing costs and environmental impact.