Datamatics granted patent for its proprietary AI-powered Intelligent Document Processing Software
Mumbai 19th June 2024: Datamatics, a global Digital Technologies, Operations, and Experiences Company, today announced that it was recently granted a patent for its AI-powered Intelligent Document Processing software TruCap+ i.e. ‘SYSTEM AND METHOD OF AUTOMATED DOCUMENT PROCESSING FOR STRUCTURED, SEMI-STRUCTURED AND UNSTRUCTURED DOCUMENTS’.
Datamatics' Intelligent Document Processing (IDP) journey began nearly a decade ago. Over the years, the team has diligently integrated new technologies and features, establishing it as a leading solution in the IDP space – TruCap+.
Datamatics TruCap+ automates data extraction from complex structured, semi-structured and unstructured documents. With AI at the core, it enables template-free approach, delivers a greater straight-through processing (STP) with a high accuracy. TruCap+ offers an intuitive UI to deliver business users an efficiency-driven solution. Its cloud-based architecture allows TruCap+ to scale on demand while meeting enterprise-grade standards for security, reliability, and integration.
Recently Datamatics further enhanced TruCap+ with GenAI capabilities. It enables customers to leverage the power of GenAI for processing complex and unstructured documents such as legal documents, financial statements, medical images, drawings, graphs, emails, etc. Additionally, it allows customers to query and analyze extracted data using natural language querying feature.
On this occasion, Dr. Lalit S. Kanodia, Chairman & Founder, Datamatics expressed, "At Datamatics, we consistently invest on our research & development work on new, innovative and emerging technologies to create intelligent solutions for complex problems faced by enterprises. TruCap+ is one such solution aimed to deliver the benefits of true automation to our customers.” He further added, “We are happy to receive the patent for TruCap+. It has consistently garnered accolades and recognition from leading analysts and industry experts, and the recently granted patent further solidifies its position as a leading intelligent document processing solution. I congratulate the Datamatics team for their dedication and efforts in securing this patent."
About Datamatics
Datamatics (BSE: 532528 | NSE: DATAMATICS) enables enterprises to go Deep in Digital to boost their productivity, customer experience, and competitive advantage. Datamatics’ portfolio spans across three pillars including Digital Technologies, Digital Operations, and Digital Experiences. It has established products in Intelligent Document Processing, Robotic Process Automation, AI/ML models, Smart Workflows, Business Intelligence, and Automatic Fare Collection. Datamatics caters to a diverse global clientele across Banking, Financial Services, Insurance, Healthcare, Manufacturing, International Organizations, and Media & Publishing. The Company has a presence across four continents with significant delivery centres in the USA, India, and the Philippines. To learn more about Datamatics, visit www.datamatics.com.
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