Datamatics simplifies document processing with a new AI-enabled TruCap+ IDP solution

Datamatics, a Global Digital Solutions, Intelligent Automation products, IT Solutions, and BPM company, today announced the launch of a new version of TruCap+, an AI-enabled Intelligent Document Processing (IDP) product. TruCap+, will allow enterprises to realize faster time-tovalue and achieve greater Straight-Through Processing (STP) with accuracy. The product is closely integrated with Datamatics Robotic Process Automation (RPA) product, TruBot.

Datamatics Intelligent Automation Platform comprises RPA (TruBot), IDP (TruCap+), and AI/Machine Learning (ML) capabilities. The new IDP Product, TruCap+ has several key and differentiating features, including -

- A template-free approach that reduces set up time by 30% -70% and delivers faster time-toautomation. Users do not need to create and maintain multitudes of document templates that escalate the Total Cost of Ownership (TCO) and increase time-to-value.

- Pre-built AI/ML capabilities and business rules enable automated verification and validation of data. Continuous learning & improvement based on AI/ML algorithms and user inputs. Cognitive capabilities deliver a greater percentage of Straight-Through Processing (STP) with higher accuracy, thereby reducing manual effort and saving time. TruCap+ supports multiple Optical Character Recognition (OCR) engines.

- Rapid Cloud deployment, ensuring infrastructure flexibility and scalability with increasing workloads

- An easy-to-use Configurator and a compelling User Experience (UX) that enables business users to quickly achieve document automation. Browser-based access and an intuitive User Interface (UI) ensures faster document processing.

"Enterprises struggle to process zettabytes of unstructured data with OCR engines, and scaling automation is a major challenge. Hence, the IDP market is witnessing a rapid growth at a CAGR of over 30%," said Mr. Rahul Kanodia, Vice-Chairman & CEO at Datamatics. He further added, "Our newly launched AI-enabled TruCap+ is template free, cloud-based, and will enable enterprises to processes huge data volumes with speed and accuracy."

"Enterprises' reliance on documents has not changed; it has just moved from paper to electronic formats; however, this makes it easier to apply intelligent automation. Datamatics has grasped this opportunity, and their AI-enabled IDP solution helps organizations tackle unstructured data in documents, reduce a host of errors in end-to-end processing, thereby making businesses more efficient", said Michael Azoff, Chief Analyst, Kisaco Research.

Shares of DATAMATICS GLOBAL SERVICES LTD. was last trading in BSE at Rs.109.7 as compared to the previous close of Rs. 111.5. The total number of shares traded during the day was 27522 in over 770 trades.

The stock hit an intraday high of Rs. 111.85 and intraday low of 102.15. The net turnover during the day was Rs. 2970154.

Source : Equity Bulls

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