Kanverse
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About
Kanverse is a Cognitive Automation Platform offering Intelligent Document Processing (IDP) solutions. It automates document ingestion, extraction, processing, validation, and publishing data to downstream applications like Oracle EBS, Fusion, NetSuite, and more. The platform boasts up to 99.5% data extraction accuracy using AI technologies like NLP, deep learning, computer vision, and machine learning. Kanverse caters to Accounting, Insurance, and Banking & Financial Services, offering solutions for AP invoice automation, sales order automation, insurance document processing, claims processing, KYC/KYB automation, and more. It reduces costs and cycle times, enhances productivity, and ensures compliance.
Platform
Features
• sales order automation
• kyc compliance automation
• claims processing
• kyb automation
• submissions intake
• acord 25
• insurance document processing
• ap invoice automation
FAQs
How does Kanverse help with AP Invoice Automation?
Kanverse AP Invoice Automation product is built to do the heavy lifting across your AP cost centers while enabling your staff to focus on productive and business-critical activities. It ingests incoming invoices from different channels (email, FTP, SharePoint, etc.) It processes and extracts data from invoices with 99.5% accuracy using a host of AI technologies. It validates the data based on business needs and automatically publishes the data to end ERP systems. It notifies operators in case of mismatches and prompts operators throughout the resolution cycle.
What is intelligent data capture?
Intelligent data capture uses AI technologies to process documents the same way a human operator would. The software is designed to identify and extract critical information from incoming documents (paper and electronic versions) without the guidance of human agents. An intelligent data capture software like Kanverse uses a combination of AI technologies to extract data from documents. Kanverse AI uses a multistage engine to process documents, where natural language processing (NLP), deep learning, computer vision, and machine learning (ML) ensures extraction accuracy of up to 99.5%.
How long does it take to deploy Kanverse?
Kanverse can be deployed within one month, including model training, configuring business rules, testing, model training, and user training.
Will Kanverse deployment affect my existing internal IT networks?
No, Kanverse deployment will happen without altering existing IT networks and connections.
Can Kanverse be deployed on-premises?
No, Kanverse is a SaaS product with a multi-tenant architecture – helping it meet security standards and seamlessly scalable based on business needs.
Where is Kanverse hosted?
Kanverse currently runs on Microsoft Azure.
How accurate is Kanverse data extraction from documents?
Kanverse out-of-the box model comes with 90% extraction accuracy. Once the model is trained, customers can witness up to 99.5% extraction accuracy.
Which languages are supported by Kanverse?
Most languages that uses a variation of the Latin script are supported out of the box. Most popular ones - English, French, German, Spanish, Italian, Nordic languages (Danish, Norwegian, Swedish, Finnish), Czech, Slovak, Polish, Hungarian and Romanian.
What types of invoices does Kanverse support?
Kanverse supports a wide range of invoices across different formats – multi-invoice, multipage invoices, skewed invoices, scanned invoices, etc.
How does Kanverse validates the extracted invoice data?
Kanverse comes with out-of-the box set of business rules, which can validate the extracted invoice data based on business requirements before publishing it to ERP systems. Kanverse also provisions to accommodate custom business rules.
How do I integrate Kanverse into my ERP system?
Kanverse comes with pre-built connectors for Oracle EBS and Fusion. Connectors for other ERP systems are currently on development.
What is Kanverse data storage policy?
Kanverse system does not store any customer data by default.
Is Kanverse GDPR compliant?
Kanverse extensively complies with GDPR standards and recommendations.
Can I use Kanverse IDP with an RPA solution?
Kanverse is a standalone end to end product and has an inbuilt workflow engine. It does not need an RPA product by default. Kanverse however has a technology alliance with UIPath, enabling UIPath customers to utilize and deploy its AI-powered document processing product across business processes along with existing or proposed UIPath deployment. Integration with other automation vendors is in the Roadmap.
What is the annual price of Kanverse IDP subscription?
To provide you with an estimate, we need to understand your business environment in detail. If you are interested in getting a customized quote from our team, please feel free to Contact Us
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