Keynote address - Botminds Webinar - Intelligent Data Extraction from Complex Financial Documents

No doubt RPA is the foundation for the next era of automation and, when combined with artificial intelligence (AI), it results in a faster and easier business processes — all while reducing costs.

Automation has proven time and time again to be both an effective tool and a strategy to resolve administrative burdens and customer responsiveness. Businesses all over the world embraced digital transformation which has further helped in automating digital data movement in the financial business task, and one of them being of document management that allows them to go paperless and automate document-related activities.

Knowledge Process Automation (KPA) is geared towards organizations with knowledge workers who are handling large documents, complicated tasks, non-standard business processes and activities that do not fall under the traditional BPO 'processes', thus, untouched or say, out of reach for most RPA providers.

Processing unstructured data in finance, like in the case of KPO’s, can often be a complicated, fragmented, and time-consuming experience involving human intervention and multiple systems. We all know document processing, but in this age of digital, businesses are starting to harness 'intelligent' technology, such as Artificial Intelligence and Machine Learning, to streamline document processes. The global market for Intelligent Process Automation is expected to reach almost US$ 6.9 billion by 2025. Knowledge Process Automation is a key part of the overall story.

This webinar focussed on Intelligent data extraction from complex financial documents to unlock insights, to speed up knowledge processes like
• 'Spreading Process' Automation for Annual Reports - Extracting key values from annual reports and mapping to taxonomy
• Company Comparable Analysis - Compare the performance of a new company to the existing list of companies

Equip yourself with the possibilities that Document Understanding AI opens up through Knowledge Process Automation.

Key takeaways from the webinar:
 Navigating the challenges of Document processing
 Extract business insights from complex documents
 How AI Fuels Document Understanding through Knowledge Process Automation
 Supercharge your financial process automation

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