Softomotive and CaptureFast Partner to Extend the Scope of RPA by Unlocking Valuable Data Trapped in Hard to Access Physical and Digital Documents
Softomotive, a leading Robotic Process Automation (RPA) vendor, has announced a strategic partnership with CaptureFast, a state-of-the-art Data Capture solution. CaptureFast allows users to unlock valuable information from physical or digital documents via AI using machine print character recognition. This partnership will provide Softomotive’s clients an all-in-one, ready-to-deploy solution for customers’ automation needs that require an additional method for data capturing from editable or noneditable physical or scanned documents.
John Anastasopoulos, Head of Product for Softomotive said “We are excited to extend the capabilities of ProcessRobot, our leading enterprise RPA platform, to include CaptureFast for extracting valuable data from physical and digital document data capturing. This is an important development for our customers because it opens up the range of processes that are potentially suitable candidates to be automated. By doing so, it means they can accelerate process development to achieve better ROI.”
Gurkan Karagoz, founder and CEO of CaptureFast explains, “We believe Softomotive is a great partner for us because we share a similar point of views about how the market is evolving and the needs of clients. In particular, both CaptureFast and Softomotive products are very easy to use, which is a great benefit because there is no learning curve and no need for complicated –and costly- approaches.” He added, “Data capture is normally the starting point and customers also need to take action or process the data once it is captured. Capture, by itself, solves only part of the problem. In order to achieve broader automation, CaptureFast values partnerships with RPA vendors such as Softomotive because it provides customers with an easy to implement and flexible data capture solution in their RPA deployment.”
From the Forrester Wave™: Robotic Process Automation, Q2 2018 Report:
“Text mining applied to unstructured content lifts RPA’s value. Text analytics enhances the strategic value of RPA. Typical documents in scope include insurance, medical claim forms, invoices, purchase orders, and emails. Unstructured text fields are scattered throughout such documents. Before these text fields can become actionable in RPA, a process must extract structures — simple ones like names, times, and locations, and complex ones like sentiment, effort, and intent. Leading vendors stepped up their game with partnerships or native extensions.”
CaptureFast fills this gap in the market offering quick, easy set-up for a very flexible and integrated cloud solution at affordable prices.
Gurkan Karagoz, said, “We believe Softomotive’s RPA and RDA solutions combined with CaptureFast’s capture capabilities creates an all-in-one, ready-to-deploy solution for customers’ automation needs that require AI enabled data capture, especially for unstructured data”.
CaptureFast is used in multiple verticals such as insurance (application, sales, claim forms between field and HQ), Banking & Finance (account opening, checks, KYC, loan and mortgage documents, bank statements), Non-profits (member forms and files), Construction (insurance documents, work orders), healthcare, legal, logistics and many others.
CaptureFast serves both local and global companies such as Allianz Insurance, INGBank and Ceva Logistics.