5 Benefits of Intelligent Document Processing

It’s no secret that businesses have to deal with countless paperwork daily. From invoices and contracts to forms and applications, the list goes on. Handling these documents manually can be time-consuming and lead to human error. This is where intelligent document processing can help.

Intelligent document processing (IDP) is a form of artificial intelligence (AI) that uses natural language processing (NLP) and machine learning (ML) algorithms to read and interpret business data automatically. This technology annotates, classifies, and extracts information from any given document, making it easier and faster for businesses to process large volumes of data. In other words, this document annotation tool platform can be a valuable asset for any organization.

Here are five benefits of intelligent document processing: