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Profile Software launches AI-driven Document Intelligence solution

By Gloria Methri

November 25, 2024

  • Conversational AI
  • Data Processing
  • Document Intelligence
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Profile, financial solutions, MoneyMasters Limited, Axia Suite, financial institution, asset management, investment management, FinTech news, FinTech USProfile Software has announced the launch of its Document Intelligence solution, which aims to transform document processing for organisations worldwide. The solution integrates seamlessly with existing systems or operates autonomously, while its scalability ensures organisations stay competitive in a digital landscape.

Potential users of this new solution include financial institutions, insurance organisations, dispatchers, accounting services, telecommunications organisations, public utility organisations, energy, health, education, justice, transportation sectors and public organisations.

The Document Intelligence solution leverages Artificial Intelligence technology to eliminate traditional constraints in document processing. The solution can rapidly extract data from various document types (handwritten, typed, or digital), whether it is structured or unstructured. Its ultimate goal is to automatically generate metadata efficiently, regardless of the source. In addition, Artificial Intelligence enables superior data comprehension, achieving high accuracy rates compared to traditional OCR systems.

The processing of the generated metadata is automated across multiple dimensions, enabling the creation of diverse reports whose structure can be customised on a case-by-case basis, offering unparalleled convenience for end-users. In addition, leveraging Conversational AI technologies facilitates two-way communication with users, either in written form or via voice, whilst providing personalised answers and reports derived from the processed data.

Key features include:

  • Universal Document Processing, which handles any document type, from handwritten notes to complex legal files. It is powered by advanced multimodal LLM and deep learning technologies and extracts information from structured and non-structured data.
  • Template-Free Flexibility: Processes documents without requiring predefined templates, reducing setup time and increasing adaptability.
  • No-Code Use: This tool empowers end-users with an intuitive interface, and no training is required. Advanced users can leverage full-code capabilities for bespoke solutions.
  • Reduced Total Cost of Ownership: The solution minimises infrastructure and maintenance expenses through flexible deployment options and automation capabilities, making it an efficient solution for organisations of all sizes.
  • Multilingual Support: Covers over 95 languages, enabling global reach and enhanced document accessibility.
  • Adaptive Learning: Improves over time with machine learning, ensuring consistent accuracy and efficiency.

Commenting on this milestone, Evangelos Angelides, CEO at Profile, said, “Document Intelligence is a testament to Profile’s dedication to innovation, addressing real-world challenges faced by document-intensive industries. By eliminating traditional constraints like predefined templates and offering the capability to generate metadata with unparalleled flexibility, this solution empowers organisations to unlock new levels of efficiency. We are proud to lead the way in this emerging market.”

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