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Datamatics Secures Patent for Document Processing Software, TruCap+

19 June 20243 mins read by Angel One
Datamatics TruCap+ automates data extraction from complex structured, semi-structured and unstructured documents.
Datamatics Secures Patent for Document Processing Software, TruCap+
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Datamatics, a leading global provider of digital technologies, operations, and experiences, has secured a patent for its innovative Intelligent Document Processing (IDP) software, TruCap+. This patent, titled “System and Method of Automated Document Processing for Structured, Semi-Structured and Unstructured Documents,” recognises the groundbreaking technology behind TruCap+ and its ability to automate data extraction from a wide range of documents.

Datamatics’ commitment to IDP extends back nearly a decade. Through years of continuous development and integration of cutting-edge technologies, the company has established TruCap+ as a frontrunner in the IDP landscape.

TruCap+: Automating Complex Document Processing

TruCap+ revolutionises how businesses handle document processing. Leveraging the power of artificial intelligence (AI) at its core, TruCap+ empowers users with a template-free approach for processing a vast array of document formats, including structured, semi-structured, and unstructured documents. This translates to a significant increase in straight-through processing (STP) with exceptional accuracy.

Beyond automation, TruCap+ prioritises user experience. Its intuitive user interface (UI) allows business users to seamlessly integrate the solution into their workflows, boosting overall efficiency. Furthermore, the cloud-based architecture ensures scalability on demand, effortlessly adapting to the needs of growing enterprises. Security, reliability, and integration capabilities meet stringent enterprise-grade standards.

TruCap+ GenAI: Expanding the Boundaries of Automation

Datamatics’ commitment to innovation doesn’t stop there. The company recently enhanced TruCap+ with cutting-edge Generative AI (GenAI) capabilities. This empowers users to unlock the full potential of GenAI when processing complex and often unstructured documents like legal documents, financial statements, medical images, and even drawings and graphs. Additionally, TruCap+ GenAI introduces a powerful natural language querying feature, allowing users to effortlessly search and analyse the extracted data, unlocking valuable insights.

By securing this patent for TruCap+, Datamatics reaffirms its position at the forefront of intelligent document processing. This innovative solution empowers businesses to streamline workflows, extract valuable data from diverse document formats, and unlock new possibilities through AI-driven automation.

Dr. Lalit S. Kanodia, Chairman & Founder of Datamatics, expressed, “At Datamatics, we consistently invest in our research & development work on new, innovative and emerging technologies to create intelligent solutions for complex problems faced by enterprises. TruCap+ is one such solution aimed to deliver the benefits of true automation to our customers.”

He further added, “We are happy to receive the patent for TruCap+. It has consistently garnered accolades and recognition from leading analysts and industry experts, and the recently granted patent further solidifies its position as a leading intelligent document-processing solution. I congratulate the Datamatics team for their dedication and efforts in securing this patent.”

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.

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