Product Overview of Eigen Technologies
Eigen Technologies offers a cutting-edge, no-code AI platform designed to automate data extraction and document processing, catering to a wide range of industries, including financial services, insurance, and beyond.
What Eigen Does
Eigen’s intelligent automation platform is built to eliminate manual document processing, significantly reducing the time and resources spent on these tasks. It leverages advanced Natural Language Processing (NLP) and object detection engines, combined with superior machine learning techniques, to extract, classify, and understand data from any type of document. This enables organizations to accelerate decision-making, improve efficiency, and enhance overall productivity.
Key Features and Functionality
Automation of Data Extraction
- Eigen automates the extraction of key data from various documents such as loan operations documents, client onboarding forms, claims and submission documents, policies, supplier agreements, invoices, emails, and medical studies. This automation can achieve efficiency gains of up to 90% compared to manual processing.
High Accuracy and Speed
- The platform boasts an average data accuracy rate of 95% and provides access to business-critical data up to 50 times faster than manual processing.
No-Code User Interface
- Eigen is designed to be user-friendly, requiring no technical expertise or data scientists. Business users can easily build and deploy AI-powered data extraction models using the platform’s intuitive interface.
Advanced Capabilities
- Generative Insights: Eigen 6 introduces the Generative Insights feature, which combines the power of large language models (LLMs) with Eigen’s core data extraction capabilities. This allows users to go from raw data to business decisions exponentially faster while adhering to enterprise governance and compliance controls.
- Table Extraction: The platform includes a powerful table extraction module that can extract full or cell-level data from tables of varying formats without requiring any coding. This module is particularly useful for processing documents like invoices, policies, and bond prospectuses.
- Pre-Processing Hub: Eigen automates the capture, classification, and splitting of documents, speeding up the data extraction process.
Integration and Security
- Eigen offers a suite of APIs and system integrations, making it easy to scale the platform across various functions as part of a broader digital transformation program. The platform meets the highest standards of information security, holding multiple ISO certifications (ISO 27001, ISO 22301, ISO 27701, ISO 27017, and ISO 27018).
Model Governance
- Eigen provides a framework for ensuring data accuracy and completeness, complete with tools to evaluate and remediate data. This model risk management framework helps in maintaining enterprise governance and compliance controls.
Industry Applications
Eigen’s platform is versatile and can be applied across various industries, including:
- Financial Services: Automating loan operations, client onboarding, regulatory compliance, and risk management.
- Insurance: Analyzing, classifying, and extracting key data from claims and policy documents.
- Any Industry: Automating the manual extraction and review of data from documents such as supplier agreements, invoices, emails, and medical studies.
In summary, Eigen Technologies offers a robust, no-code AI platform that significantly enhances data extraction and document processing efficiency, accuracy, and speed, making it an invaluable tool for organizations seeking to automate and streamline their document workflows.