We are confident that this technology will allow us to remove virtually all data entry in the AP chain.
Newport Beach, CA (PRWEB) July 07, 2016
Webiplex announced today that it has released a next-generation content capture technology called Smart Document Recognition, or SDR, now a native part of its innovative DocuPeak smart process application (SPA) platform. DocuPeak SDR recognizes documents and captures data from unstructured information such as scanned documents or PDFs using sophisticated technology Webiplex has developed from scratch, specifically to address the failings of existing legacy “OCR-template” capture solutions.
“The current OCR and document capture industry is in desperate need of serious disruption, and we believe we’ve got just the solution to do so” said Rob Rennie, CEO of Webiplex. Continuing, “existing legacy OCR template capture solutions haven’t advanced in decades and are still isolated on premise islands, and resold through networks that inflate costs but deliver little to no value.” To illustrate the point, Rennie points out that there are still OCR solutions today that require users to print PDF files (to paper) and then scan them back in so they can be “read” by the capture software. “That’s unbelievably unacceptable to us”, says Rennie.
Sustainable Supply, a current Webiplex DocuPeak customer, has been beta testing the new technology and is already seeing promising results. Tyler Browne, IT Manager for Sustainable noted that “during our testing of Webiplex’s Smart Document Recognition (SDR) technology, our accounts payable department saw an immediate 30% decrease in the time required to process incoming invoices and shipment notifications. With continued refinement to our business processes, we are confident that this technology will allow us to remove virtually all data entry in the AP chain and transition to a model of review and exception management only.”
Adding SDR natively to DocuPeak, an already comprehensive multi-channel capture and business process automation (BPA) platform, creates a significant advantage over competitive products which require bundling two separate solutions together. In addition, SDR is usable immediately and does not require many hours building thousands of templates, or waiting months until the system is “trained”. DocuPeak SDR truly is a revolutionary solution that can have a transformational effect on the efficiency of any organization dealing with significant numbers of transactional documents.
About Webiplex™: Webiplex is the provider of DocuPeak™, the leading cloud-based smart process application platform. DocuPeak automates information workflows “before data entry” involving paper, e-mail, electronic forms and unstructured content, significantly reducing manual labor and increasing process efficiency. DocuPeak customers have automated accounting, supply-chain and contract management, fulfillment, and many other forms-based, document imaging and document centric business processes. For more information about Webiplex software solutions use the contact link provided with this press release, or go to http://www.Webiplex.com.