Everest Group Positions Datamatics TruCap+ as Major Contender in Their Intelligent Document Processing (IDP) Products PEAK Matrix™ Assessment 2019

MUMBAI, India–(BUSINESS WIRE)–lt;a href=”https://twitter.com/hashtag/Automation?src=hash” target=”_blank”gt;#Automationlt;/agt;–Datamatics
Global Services Ltd. (DGSL), a global IT & BPM company, today announced
that it has been recognized as a Major Contender in Everest Group’s PEAK
Matrix for Intelligent Document Processing for its product TruCap±,
formerly known as TruOCR. Everest Group recently released its report
titled “Intelligent Document Processing (IDP) – Technology Vendors
Landscape with Products PEAK Matrix Assessment 2019.” The report
provides a detailed view of the IDP technology vendor landscape and a
thorough assessment of the various IDP technology solutions across
several key dimensions.

The report mentions TruCap±,
formerly known as TruOCR, as a contemporary IDP product that can process
all types of documents by understanding the underlying context by
leveraging its proprietary ML and NLP capabilities. The report also
mentions Datamatics’ process expertise in automating relatively complex
use cases such as customer service requests and regulatory compliance
particularly due to its background in IT and BPS. Everest Group further
mentions that reference clients are highly satisfied with its product
support, integration with RPA and other critical systems, and
flexibility to adapt to their business requirements.

Mr. Anil Vijayan, Practice Director, Everest Group said,
“Datamatics has emerged as Major Contender in Everest
Group’s PEAK Matrix™ for IDP software products
in 2019. It aims to
solve data-related issues within enterprises through a suite of
solutions, including BPM, RPA and IDP (TruCap+, formerly
TruOCR). It offers pre-built IDP solutions, including those for
invoices, health claim forms, customer request for remittance, and
NEFT-RTGS request forms. TruCap+’s image pre-processing
capabilities in combination with business-friendly features, such as the
ability to define validation rules and the ability to configure
confidence levels have contributed to its success.”

Mr. Mitul Mehta, SVP & Head, Marketing & Communications, Datamatics
Global Services Ltd.
said, “Various legacy processes and compliances
require a lot of paperwork. Digital data capture is the first step in
the digital transformation journey for any organization. Customers have
realized the full potential of Datamatics TruCap+,thereby
increasing their productivity and accuracy. We are elated to be
recognized by Everest Group for our IDP product, TruCap±.”

Datamatics TruCap±
automates data capture in a template free mode and delivers output with
over 99% accuracy. It is powered by proprietary Artificial Intelligence
(AI)/Machine Learning (ML) algorithms and fuzzy logic which enables it
to read unstructured documents and continuously auto-learn. TruCap+
has more than 40 pre-processing and over 30 post-processing quality
enhancement features that deliver over 99% data accuracy. It has
processed more than 300 million documents till date.

Access the report here, – https://www.datamatics.com/resources/whitepapers/everest-group-peak-matrix-for-intelligent-document-processing-idp-technology-vendors-features-datamatics-trucap

About Datamatics Global Services

Datamatics (BSE: 532528 | NSE: DATAMATICS) provides intelligent
solutions for data driven businesses to increase productivity and
enhance customer experience. The company’s portfolio of service
offerings spans across Information Technology Services, Business Process
Management, Engineering Services and Big Data & Analytics all powered by
Artificial Intelligence. It has established products in Robotics Process
Automation, Advanced Analytics, Business Intelligence and Automated Fare
Collection. Datamatics services over 550 customers globally across
Banking & Financial Services, Insurance, Healthcare, Manufacturing,
International Organizations and Media & Publishing. Headquartered in
Mumbai, the Company has presence across 4 continents with major delivery
centers in the USA, India and Philippines with an employee base of
10,000. To know more about Datamatics, visit www.datamatics.com

Contacts

Sudeshna Mukherjee
Manager – Marketing & Corporate
Communications
[email protected]
+91-7738574137

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