IDP Tool: Intelligent Document Processing with ExB
Manual document processing is time-consuming and prone to error, tying up valuable human resources. IDP tools use AI and machine learning to automate the entire document processing workflow. The result: increased efficiency, reduced costs and minimised errors – perfect for companies that want to be at the forefront of digital transformation.
Watch our video to find out how we can automate your document processing and save your company time and money.
In 99 seconds, we explain the benefits of AI-powered document processing, how our IDP technology works, the different solutions we offer and the types of documents we can process.
Typical use cases of our AI software
Whether claims, procurement processes or invoice processing – our AI-based IDP platform solves a variety of use cases and helps companies to increase efficiency, increase sales and reduce risks.
Delivery Bills
Can delivery bills also be processed? Yes, that’s no problem. Delivery bills accompany the delivered goods and confirm which items were delivered and in what quantity. They are important for reconciliation with the invoice to ensure that the items delivered match the items invoiced.
Your benefits with ExB
Compelling Numbers: These four benefits clearly illustrate how our IDP platform improves your business.
The IDP tool: Intelligent document processing for your company
An IDP (Intelligent Document Processing) tool uses the latest technologies such as artificial intelligence (AI), machine learning (ML) and optical character recognition (OCR) to automatically capture and classify documents and accurately extract relevant information. This enables companies to process large volumes of documents quickly and accurately, and to reduce manual, time-consuming tasks to a minimum. By automating and optimising document processing, you free up valuable resources that can be used for strategic and value-adding activities.
How does Intelligent Document Processing (IDP) work?
Intelligent Document Processing (IDP) uses technology based on AI to analyse and process complex and unstructured documents. Combining advanced technologies makes intelligent document processing the key to automating and optimising document processes. The following technologies, among others, are used:
- Optical Character Recognition (OCR): OCR makes it possible to extract text from scanned documents, images, PDF files or other non-searchable formats and convert it into editable, machine-readable text..
- Natural Language Processing (NLP): NLP is a branch of artificial intelligence that enables computers to understand, interpret and generate human language. With the help of this technology, IDP systems can analyse the extracted text contextually and identify relevant information.
- Computer Vision (CV): Computer vision enables computers to understand and interpret visual information in the form of scanned images or photographs, in a way that is similar to the human brain.
Machine Learning (ML): Machine Learning is a subfield of AI that uses algorithms to learn from data and make decisions or predictions independently. ML enables IDP tools to recognise patterns and continuously improve the accuracy of document processing.
The tasks of an IDP tool
IDP-Tools bestehen aus einer Reihe von Prozessen, die gemeinsam eine umfassende Lösung für die automatisierte Dokumentenverarbeitung darstellen. Die zentralen Aufgabenbereiche dieser Technologie sind darauf ausgelegt, den gesamten Dokumentenverarbeitungsprozess zu optimieren und zu automatisieren. Die IDP-Software von ExB gliedert sich in folgende sechs Prozessschritte
IDP tools consist of a series of processes that together provide a comprehensive solution for automated document processing. The central task areas of this technology are designed to optimise and automate the entire document processing chain. ExB’s IDP software is divided into the following six process steps:
- Document capture: The IDP tool captures a wide range of document types in different formats (e.g. scans, PDFs or emails) and converts them into digital, editable formats using optical character recognition (OCR).
- Document classification: Using OCR and machine learning algorithms, the IDP tool automatically classifies documents according to their content and structure.
- Data extraction: The intelligent IDP software recognises and extracts all the information relevant to your business (e.g. amounts, due dates or customer data).
- Data validation: Our algorithms check the captured data for accuracy and completeness. In case of discrepancies, the data is forwarded for manual review.
- Delivery & Integration: The structured and validated data is made available for further use via an interface. It can be automatically exported to your workflows and seamlessly integrated into existing systems such as ERP or CRM solutions.
- Monitoring: Our experts are always on hand to help you optimise your IDP platform and ensure the best possible results on an ongoing basis.
Increased efficiency with IDP tools
In times of digital change and growing demands for efficiency and speed, the automation of document processes is becoming a central challenge for companies. IDP tools offer an effective solution for successfully meeting these challenges. By optimising business processes, companies can not only use resources more effectively, but also strengthen their competitiveness in the long term. The implementation of a tailor-made IDP tool brings the following advantages:
- Improved data integrity: IDP tools reduce human error and increase the accuracy of the data processed.
- Faster document processing: The automated collection and processing of information enables faster decision-making and increases customer satisfaction.
Cost reduction: The automation of processes reduces the need for manual intervention and leads to significant cost savings.
Intelligent Document Processing (IDP) for every industry
The ExB IDP tool has a wide range of applications that cover various business requirements across different industries.:
- Automated invoice processing: IDP tools can optimise the processing and approval of invoices. This speeds up processes, reduces errors and sustainably optimises cash flow.
- Efficient order management: The capture and tracking of customer orders, as well as the processing of packing lists, orders, delivery notes and shipping labels, can also be automated. This speeds up the entire order process, shortens delivery times and, at the same time, increases customer satisfaction.
- Fast processing of claims: Thanks to IDP platforms like ExB’s, claims, police reports, accident reports, invoices and photos can be automatically understood and processed. This significantly speeds up the claims processing and reduces the error rate.
- Automated processing of delivery documents: Optimise the management of delivery documents by automatically capturing and analysing consignment notes, delivery notes and warehouse reports. This not only improves shipment tracking, but also leads to more efficient and transparent supply chains.
Why choose the IDP tool from ExB?
ExB’s IDP tool is indispensable for companies that want to optimise their document processing. By automating processes, improving data integrity and providing a high degree of flexibility, the IDP tool from ExB helps to increase the efficiency of your business processes and minimise the potential for errors.
Our AI-powered IDP tool extracts information from a wide range of document types and processes it for any workflow. Whether you are dealing with incoming invoices, order confirmations or customer enquiries, ExB offers customised solutions that are tailored to the specific requirements of your company and continuously learn. This makes our IDP tool a powerful solution for document processing in almost all industries, from manufacturing to retail.
In addition to a powerful IDP platform, ExB also offers comprehensive support from an experienced team. ExB experts guide their customers from the initial consultation through implementation and on to continuous support. This way, companies not only benefit from state-of-the-art technology, but also receive optimal support during the transition to AI-powered intelligent document processing. Discover the advantages of ExB’s IDP tool by requesting a free product demo on the ExB website.
Is AI worth it?
Artificial intelligence (AI) is increasingly finding its way into our everyday lives and corresponding solutions will become a natural component of digital change in large companies and German SMEs in the coming years. But is AI also worthwhile for your company?
“Thanks to ExB’s software, we were able to master the challenges of document processing in the logistics sector. The automatic assignment of order documents and the generation of instructions for our employees have significantly simplified and accelerated our processes.”
“ExB’s advanced technology enabled us to not only overcome AGILA’s challenges in animal health insurance, but also to provide added value. The high precision and automation of ExB’s AI extraction was a key factor in this.”
“When it comes to innovation, we’ve come to see ExB as the thought leader in AI and IDP, and a valuable sparring partner capable of championing the key strategic role of ML and automation.”
“Thanks to the collaboration with ExB, we have been able to tremendously optimize our email processes in conjunction with our procurement system. It is as if we have received a digital extension of our team, working tirelessly and accurately.”
Further information on the IDP Tool from ExB
Explore our comprehensive platform overview, discover the benefits for your industry and expand your knowledge with our informative IDP blog and advice section.
Find out what IDP is, how our platform works and what advantages it offers.
With ExB, you can automate your document processing - no matter what industry your company belongs to.
In our blog, we report on the latest developments and explain exciting trends relating to IDP and AI.
We are here for you.
- Questions, feedback, discussions – we take time for your individual request. Simply send us a non-binding message via the contact form.
- You would like to book a demo directly? With pleasure. Simply select your desired date in the calendar.
- We would also be happy to meet you in person – you can find us in Munich and Leipzig.
Mon - Fri (9:00 am - 6:00 pm)
