EY refers to the global organization, and may refer to one or more, of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients.
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EY has developed a Smart Information Retrieval Engine based on machine learning to enable intelligent document handling.
DI SIRE is a solution developed by Wavespace Madrid to implement artificial intelligence in document processing to extract value from semi-structured and unstructured documents. Watch the webcast to learn more about the benefits of DI SIRE.
The main functionalities of DI SIRE are: Classification, Digitalization and Extraction. So far, it can process and extract key information from 15 types of documents, including contracts, claims, applications, invoices, purchase orders, goods received notices, identity cards, patent registrations and other legal documents.
It can be used to improve, enhance and automate claims handling, fraud detection, hiring process, invoice handling and reconciliation in several languages including English, German, Portuguese, Spanish, French, Italian, Swedish, Norwegian and Danish.
The typical processing cost reduction amounts to 30-70%.
DI SIRE can read scanned documents and perform image cleansing, indexing and key feature data extraction based on OCR (Optical Character Recognition), ICR (Intelligent Character Recognition), BCR (Bar Code Recognition) and OMR (Optical Mark Recognition).
The solution is cloud based and available on a very attractive subscription and utilization pricing model.
Summary
DI SIRE can help you with implementing artificial intelligence in document processing to extract value from semi-structured and unstructured documents.