DocBits

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DocBits is an advanced Intelligent Document Processing (IDP solution developed by FELLOWPRO AG, designed to automate and optimize the handling of business documents within Infor ERP systems. By leveraging Artificial Intelligence (AI, Machine Learning (ML, and Optical Character Recognition (OCR technologies, DocBits efficiently recognizes, classifies, and extracts data from various document types, including invoices, purchase orders, and handwritten forms. This cloud-based platform seamlessly integrates with Infor LN, M3, and CloudSuite environments, enhancing workflow efficiency and reducing manual data entry errors. Key Features and Functionality: - Automatic Data Extraction: Utilizes AI and OCR to extract data from diverse document formats, supporting over 120 languages and handling unstructured data at both header and line levels. - Swarm Intelligence: Employs collective intelligence to continuously improve classification and extraction models, enhancing accuracy over time. - User-Friendly Interface: Offers a modern, intuitive UI that requires minimal IT resources for setup and maintenance, featuring an interactive dashboard with customizable document types and extracted columns. - Secure Cloud-Based Solution: Hosted on a secure cloud in Germany, ensuring data privacy and facilitating easy migration from legacy systems. - Seamless ERP Integration: Directly integrates with Infor ERP systems, optimizing accounts payable processes, including order matching and invoice posting. Primary Value and Problem Solved: DocBits addresses the challenges of manual document processing by automating data extraction and integration within existing ERP workflows. This automation leads to increased efficiency, reduced processing times, and minimized errors in document handling. By transforming unstructured information into structured data, DocBits enables businesses to streamline operations, ensure compliance with regulatory standards, and achieve significant cost savings. Its scalability and adaptability make it suitable for various industries seeking to enhance their document management processes.