AI in the retail industry
What are the benefits of an AI-based IDP platform for the retail industry, which document types are processed most frequently in this industry and why is ExB the best choice for you – find out here.
How AI is revolutionizing the retail industry
The retail industry is in a constant state of change, driven by consumer habits, technological advances and growing market demands. Let us show you how ExB’s Intelligent Document Processing platform can help you keep pace with this change.
Retailers generate numerous documents every day – from vendor invoices to inventory reports to customer feedback forms. IDP enables retailers to process these documents with ease: It automatically captures, classifies, and extracts important information and integrates it with retailers’ systems.
With our AI, a wide variety of areas can be completely revamped: Be it personalizing customer interactions by collecting and analyzing customer data to thereby develop targeted marketing strategies or optimizing supply chains by automatically processing supplier documents – ExB’s IDP platform makes everything faster, more efficient and more accurate. Try it out.
Your benefits with ExB
Intelligent Document Processing from ExB offers your retail business a wide range of benefits. Benefit from our customized IDP platform that specifically addresses your unique requirements. Whether it’s an invoice, order form, stock report or delivery bill, discover how automated document processing can help you make your business competitive and fit for the future.
More accurate marketing
An IDP platform helps you develop targeted marketing strategies by collecting and analyzing customer data.
Accuracy
Automated document processing reduces human error, resulting in more accurate inventory management and better sales forecasting.
Supply chain optimization
Optimize your supply chains with ExB by automatically processing supplier documents and benefit from faster response times and better relationships.
Agility
In an industry that must respond quickly to market trends, IDP enables more flexible and dynamic data processing.
Manage inventory
ExB enables retailers to manage inventory intelligently by synchronizing delivery data, sales figures and stock levels in real time.
Higher trust
By increasing traceability for products, you ensure higher quality and safety - strengthening customer trust in your company.
Flexibility for any use case.
Our IDP platform is not only particularly powerful, but also extremely flexible. It can handle any use case, regardless of your industry or specific requirements. Whether it’s digital or scanned paper documents, invoices, emails with attachments or PDFs – our platform handles it all.
Customized AI models for precise results
Our AI models are the result of years of research and development. They are designed to accurately extract information from any type of document. From reports to order confirmations to forms and other unstructured data, our models ensure that you always get the most accurate and relevant information to make informed business decisions.
endless possibilities.
ExB is an Intelligent Document Processing platform that transforms unstructured data from any type of document into structured results. Our AI-based software can not only extract all relevant information from your documents, but also understand them. This allows you to automate your processes and save both time & money, while improving your customer experience and employee satisfaction. Win-win.
We can process these document types for you.
Optimize your processes and rely on Intelligent Document Processing with ExB. Our AI processes incoming requests as a whole, meaning different components (such as cover letter, invoice, attached images) are treated as a single document and information is extracted based on document structure and relational cues. Let our AI process your different document types – and benefit from the result.
Emails (with attachments)
You want to let ExB process your emails (with attachments)? No problem. Here’s how it works. Emails can contain both structured and unstructured text. In addition, they often contain attachments in different formats and relevant information is scattered in the signature, header or body.
With an IDP system, emails can be analyzed to separate the main content from secondary information. Our solution can therefore also recognize attachments and process them accordingly. Through Natural Language Processing (NLP), it understands the context and meaning of email content and can extract relevant information.
Scanned paper documents
And scanned paper documents can also be processed by an IDP solution like ExB. The special feature: scanned documents often show variations in quality, e.g. due to shadows, wrinkles or blurred text, and they often also contain handwritten notes or stamps.
Our IDP solution uses optical character recognition (OCR) technology to extract text from scanned images. Advanced OCR systems can even recognize handwritten text. Image processing algorithms are used to improve the quality of the scanned image and then extract the text.
Photographed documents
Want to process photographed documents and smartphone images completely automatically? With ExB’s intelligent document processing, it’s easy to do.
Images like these can often have perspective distortions, varying lighting conditions, and background noise. Our platform uses image processing techniques to correct existing distortions and improve contrast. OCR is then used to extract the text. In addition, our system can also detect objects or specific features in images that may be relevant to certain applications.
PDFs
Processing PDFs is also no challenge for ExB. The peculiarity of PDfs is that they contain both images and text. Some PDFs are just images of text, while others contain “searchable” text or even complex layouts and embedded media. With IDP software, searchable PDFs can have the text extracted directly. For PDFs that contain images of text, OCR is used. ExB can also analyze the layout and structure of PDFs to identify tables, headings and other important elements. This is how we make your daily business faster, better and more efficient.
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