Document Capture Software

Following the wake of the global financial crisis 2007-08, the business market was feared to have experienced an irrevocable blow. But it was the manufacturing industry that helped the economy to rebound to its steady state. The World Bank itself has acknowledged the “cyclical recovery of the global economy by manufacturing activity.”

Have you ever wondered what happens to your data you left behind when you apply for a bank loan? How trustworthy is the bank in keeping your private data safe?

To regulate and assure the data security, the European Union has established the General Data Protection Regulation (GDPR). This massive step of data privacy legislation guarantees the ownership of consumer data to the individual customer. This new regulation has a significant implication on the enterprises.

The stack of scanned paper documents and the trouble of searching for its information is beyond comprehension. A majority of modern organizations are troubled that. In that same vein, law firms are no exempt, and they are also the consumer of paper documents. Court rulings, subpoenas, affidavits, and the list goes on.  

Financial accounting, which is justly called the “language of business” records the economic activities of an enterprise. And the prime focus of accounting is to disseminate the information for the creditors, investors, or other financial regulatory bodies. Of all the business sectors, accounting and finance are highly sensitive partly because they are accountable to the accounting firms and governmental regulators.

A large number of paper ledgers, auditing, and taxation documents have made it difficult for companies to gain vital information from the stack of digital papers.

Banking is the cornerstone for the economic growth of a nation. Investment banks and commercial banks alike have numerous documentation processes that it is difficult to keep up with them all. And many of the business-related notations and various banking documents are in the non-editable, digital and paper formats. What do we do if we have to extract the information which is embedded in these documents or images? How to extract and process this information for effective decision making?

Data capture software for banking