Automatically classify, extract and act on document data

Industry-leading intelligent document automation simplifies the processing of information that flows into your organization everyday.

Overview

Turn your data into assets Tungsten Transact is industry-leading intelligent document automation technology that simplifies the processing of information that flows into your organization everyday. Available in the cloud or on-premises, Transact supports a variety of use cases using advanced AI-powered OCR and supervised machine learning classification to quickly recognize and extract data from a variety of document types with as few as one sample.

Benefits

Outcome focused

• Reduce processing costs by up to 50%
• Eliminate manual entry errors with extraction accuracy up to 99.9%
• Improve efficiency with up to 95% faster processing
• Deploy faster - in the cloud or on-premises

Use cases

Transact can process documents for any business or government use case

Accounts payable

Tungsten's invoice processing solution puts AI and OCR to work to capture and extract data from invoices automatically within seconds. We automate accounts payable, accounts receivable and remittance processing.

Records digitization in government

Government agencies are burdened with archives of paper documents but want to modernize. Tungsten's breakthrough capture and extraction technology is here to help transform any document-heavy process.

Loan processing

React quickly to volume fluctuations and staffing concerns by automating mortgage servicing and processing. Tungsten Transact accelerates mortgage processing and underwriting to improve the client experience and achieve zero-defect loans.

Claims processing

Process claims and underwrite documents faster while increasing accuracy, response times and customer satisfaction.

Insurance

Insurance companies are embracing document automation to increase efficiency, reduce costly errors and maintain compliance. It allows insurers to improve profit margins and deliver exceptional customer service.

Education

AI-powered IDP can eliminate challenges for higher education institutions where heavy document loads are common in registrar’s offices, admissions, administrators, operations, finance, alumni programs and human resources.

Customer and employee onboarding

Transact captures and processes all documents and files required for application validation, customer and employee onboarding. The platform intelligently classifies, captures and extracts data to complete the onboarding process using advanced AI.

Digital mailroom automation

Automate your mailroom and route incoming data the moment it enters your organization. Automatically process invoices, claims, new accounts, contracts or orders and route the extracted data to the right workflow.

ID extraction

Allow your customers and prospects to submit their government issued IDs digitally – from anywhere.

Handwriting extraction

Quickly extract text from hand printed and cursive writing inside your documents.