Recently. Visionet Systems, Inc., announced the launch of its AI-driven Intelligent Document Processing (IDP) platform- DocVu.AI. This platform will enable clients to optimize, extract, analyze, search, and manage their data sets from industry-based contracts, trade documents, and agreements. For users, it is very beneficial to directly take out the required information using trained machine learning models. DocVu.AI will be helpful to clients as they can have quality insights and make critical business decisions based on the extracted data.

A premier information technology, consulting, and business process management company, Visionet Systems, Inc., specializes in delivering solutions to clients for better business performance. The company provides its deep industry experience and a unique view of business with the help of technology that leads to winning business outcomes.

The CEO of the Banking and Financial Services business at Visionet, Alok Bansal, commented, “DocVu.AI is the next-generation platform that accelerates the processing of large volumes of structured and unstructured data. This allows companies and institutions to leverage new opportunities, improve compliance transparency, power up automated workflows with valuable data, and achieve faster ROI. We have put in over 30 months of research and development to bring this word-class product in place.”

The financial industry has rapidly changed and witnessed major shifts in interest rates and the regulatory landscape. Mostly in the organization, the business data is very important for digital transformation, but it is kept in unstructured formats such as business documents, drafts, emails, images, files, and so on. It is high time that institutions need to automate and transform their business processes with the use of platforms like DocVu.AI to capitalize on several new opportunities.

Vaibhav Gupta, Head of Banking and Financial Products for Visionet, said that DocVu.AI is uniquely positioned to cater to the needs of the mortgage industry with its state-of-the-art AI/ML platform and Visionet’s deep-seated expertise in serving this industry for over two decades. He quoted, “The platform comes with out-of-the-box support for 500+ documents and variants and 4000+ data points, with more being added every day.”