SmartOps is introducing Document Understanding as a Product which is based on a proprietary AI based solution Vespa. Data extraction from documents are based on configuration rather than training. The product is launched in this release with a capability to extract pre-configured fields from Retail Invoices.
The document understanding project consists of the following processes:
Creating Project: Creates a new project with basic details like project name and description.
Selecting Type of Document: Allows to select the domain, document type and location.
Location includes India, US and Singapore
Domain includes KYC, Legal and Finance
Document Type includes PAN, Invoice, Stakeholder Reports, MSA, SOW, and Addendum.
Selecting Source: Allows to select the documents by uploading from a path. It supports pdf, zip, or .tif files.
Defining Extraction Info: Allows to specify the fields to be extracted from the documents. Following fields are extracted:
KYC: Date of Birth, Name, Permanent Account Number
Invoice: Attn Person, Company Address, Company Name, Due Date, Invoice Date, GST, Invoice Number, Invoice To, Late Payment Charges, Sub Total, Total Amount, and Line Items.
Legal: Effective Addendum Date, Effective MSA Date, Effective SOW Date, First Party, and Second Party.
Select Pre Processor: Allows to select the required pre-processors
Selecting Output: Allows to define the output format. Currently supports only excel format.
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