What if there was a solution to cut the 10% of time an average office worker spends on manual data entry, involving over 1000 copy-paste activities each week? Are you tired of battling through these repetitive and time-consuming tasks? The need for a game-changing solution is evident, and intelligent automation (IA) is the key.
If you’re like most business people, you’re likely to aim for document processing automation, due to the realization that some tasks are human-dependent. Nevertheless, the reality is that automation is rapidly becoming a valuable tool for businesses of all sizes.
With intelligent automation tools, you can effortlessly handle tasks that often drain your time and energy. By doing so, you’re free to shift your attention to important business operations, leading to your company’s success.
Today, we’ll guide you through the concept of intelligent automation and present the top 10 tools along with their benefits and use cases tailored to meet your business needs.
What is Intelligent Automation Software?
Intelligent Automation (IA) software integrates artificial intelligence (AI) and robotic process automation (RPA), automating repetitive tasks to streamline processes and accelerate digital transformation for improved efficiency in business operations.
Intelligent automation software, utilizing machine learning (ML), continually collects, processes, and analyzes data, offering continuous data-driven insights for informed decisions. Over time, this approach gradually streamlines business processes.
Consider a multinational corporation processing a large volume of daily invoices that involves time-consuming manual data entry, verification, and approval, prone to errors. For example, Implementing IA software with a focus on Intelligent Document Processing (IDP) leverages AI and ML to automate vital information extraction, improving efficiency and reducing inaccuracies.
Now that you understand the significance of an intelligent automation solution, let’s explore its 5 key benefits for your business. Keep reading to uncover the advantages and use cases of this transformative software.
Benefits of Intelligent Automation Tools
Intelligent automation tools surpasses typical technological uses, influencing employee productivity and improving customer experiences. Dive deeper into the highlighted 5 key benefits for your business, regardless of the industry:
- Enhanced Productivity: Automate repetitive tasks, reducing the monotonous workload for employees and enabling a better focus on strategic operation.
- Reduced Operational Costs: Streamline manual processes, cut labor expenses, and make targeted improvements for significant overall cost reduction.
- Improved Accuracy: Minimize human error with automated processes for precise data input, progressively enhancing accuracy for better decision-making.
- Fraud Prevention: Strengthen security with efficient detection and prevention methods, saving resources while safeguarding operations against potential threats.
- Optimized Customer Experience: Enhance operations for prompt and personalized customer service, fostering loyalty and satisfaction through tailored offerings and efficient assistance.
Having discovered the key benefits of intelligent automation tools, let’s shift our focus to the essence of this blog – the top 10 automation solutions carefully selected each with its pros and cons for your consideration.
Let’s get started!
Top 10 Intelligent Automation Tools
Klippa
Klippa DocHorizon is an AI-powered Intelligent Document Processing solution, utilizing OCR, AI, NLP, and Computer Vision for precise data capture, document classification, document fraud detection,information extraction, and document verification. It supports various document types and formats in 100+ languages, excelling in processing invoices, receipts, purchase orders, and identity documents.
With extensive document support, it converts data into machine-readable formats like JSON, XML, XLSX, CSV, or UBL. DocHorizon caters to diverse industries, offering automation for customizable document workflows, document archiving, email automation, and many other use cases.
Our workflow builder seamlessly integrates with all your preferred applications, including Gmail, Google Drive, Outlook, Sharepoint, Xero, Dropbox, and more, providing real-time access to files and the option to sync data with existing applications.
Pros
- Customizable flow and modules
- Low-code platform for document workflows
- User-friendly drag-and-drop interface
- Option to employ human-in-the-loop
- 99% data extraction accuracy with AI-powered OCR
- Document fraud detection, verification & anonymization
- Automated document classification
- Seamless API and SDK integrations
- Onboarding support available
- Compliant with data privacy regulations (GDPR, HIPAA, CCPA)
- 150+ language support for over 100+ document types
Cons
- Limited non-Latin language support
- Lack document storage functionality
Use cases
- Invoice Processing
- Identity Verification
- Receipt Clearing for Loyalty
- Email Parsing
- Forms & Claims Processing
Hyperscience
Hyperscience leverages AI-driven solutions to enhance back-office efficiency, utilizing a proprietary machine learning platform. This cloud-based system automates document-based workflows, efficiently handling various content types, including handwritten documents.
Key features, such as IQ Bot, contribute to its ability to seamlessly connect to enterprise systems. This advanced approach replaces manual labor and outdated systems, streamlining operations with singular, efficient software.
Pros
- User-training module options
- High accuracy for handwritten forms
- Document structure & format recognition
- Customized mobile applications
- Seamless integration with Adobe Suite
Cons
- Additional fee for advanced features
- Subscription package available
- Limited language support
- Reduced capability on unstructured forms
Use cases:
- Mortgage pre-processing
- Account opening
- Laboratory test forms
- Prescription forms processing
- Upgrade processes to changing conditions
Automation Anywhere
Automation Anywhere, a global software company, excels in developing robust RPA software with a user-friendly platform for businesses of all sizes and industries. It emphasizes intelligent automation, particularly in automating diverse repetitive tasks.
The platform efficiently optimizes workforces to meet service-level agreement demands through key features such as business process automation, unattended/attended automation, data extraction, regulatory compliance, and AI-driven capabilities.
Pros:
- User-friendly interface
- Drag-and-drop interface
- Workflow automation
- Using of AI and machine learning
- Access to pre-built bots
- Third-party integrations
Cons:
- Complex platform
- OCR data accuracy issues
- Lack of document storage
- Single registered device usage at a time
- Lack of customization options
Use cases:
- Review of security alerts
- Data cleansing
- Customer response quality
- Claims processing
- Asses risk exposure
UiPath RPA
UiPath provides a suite of tools, including a user-friendly visual workflow designer and a robust robotic automation platform, enhancing efficiency by automating repetitive tasks without human intervention. Designed for large-scale automation, UiPath accelerates business transformation with streamlined automated processes.
Notable features include a user-friendly drag-and-drop workflow, seamless task automation with record-and-playback, and privacy assurance through intelligent robots in a simple visual interface.
Pros:
- Drag and drop workflow
- Graphical workflow editor
- Cloud orchestrator
- API integration
Cons:
- Complexity in workflows
- Inability to understand human activities, only robotic programming language
- No-real time data tracking
- Lack of mobile access
Use Cases:
- Invoice processing
- Automating traffic fines processes
- Bill of lading automation
- Arrangement scheduling for patents
- Improved retail demand forecasting
Kofax
Kofax offers an integrated platform for automating content-intensive workflows. With low-code process design, AI-driven intelligent document processing, and monitoring, it enhances productivity, efficiency, and compliance by automating routine tasks.
The solution, standing out for its wealth of built-in features and robust OCR engine, enables users to leverage AI and automation for streamlined workflows. Various deployment options, including the Kofax public cloud, offer flexibility for organizational preferences.
Pros
- OCR scanning technology
- AI-driven data extraction
- Ability to read handwritten invoices
Cons
- Vast & complex product
- Restricted customization options
- Lacks support of API integration
Use cases:
- Vendor, Customer and Employee Onboarding
- Payroll Processing
- Order Processing
- Customer Due Diligence
- Competitive Pricing and Monitoring
Parascript
Parascript, driven by data science and machine learning, automates document-oriented tasks like classification, data entry, and payment verification. The cloud-based software offers crucial features, including process automation, workflow management, and signature verification.
Its AI-driven form module efficiently locates and labels fields, handling both machine-print and handwritten data. Their intelligent automation tool excels in document-centric validation, ensuring accurate extraction of sensitive information in tasks like claims processing.
Pros
- Easy to use interface
- Supreme handwriting recognition capability
- Document & image extraction
Cons
- No use of OCR scanning technology
- Limited customization
- Lack of API integration
Use cases
- Customer Onboarding Process
- Invoice Processing
- Check Recognition
- Signature Verification
- Compliance and Regulatory Reporting
Rossum
Rossum is a cloud-based Optical Character Recognition (OCR) solution, utilizing AI to streamline data capture. With capabilities for structured and semi-structured data extraction, it facilitates efficient information retrieval, particularly useful for tasks like invoicing processing.
The platform supports integration with third-party applications, mobile scanning, and configurable workflows for streamlined approval processes. Its AI-driven features allow users to handle diverse document styles and formats, making it a versatile tool for document processing needs.
Pros
- User-friendly interface
- Excellent OCR tool
- AI-driven data extraction
- Third-party integrations
Cons
- High initial costs
- Incapability of processing large-sized files
- Challenging API integration
Use cases
- Supply Chain Management
- Accounts Payable
- KYC checks
- Quality Assistance
- Order Management
Mindbridge
MindBridge offers an advanced AI-powered auditing and financial risk assessment platform. This platform stands out by incorporating intelligent automation into its services, utilizing a combination of various algorithms and tools. Unlike traditional risk analysis methods, MindBridge provides a more comprehensive and detailed risk assessment.
MindBridge’s Ai Auditor is designed to support financial analysis, delivering fast, risk-ranked analysis on 100% of transactions without the need for scripting. The platform is designed to enhance assurance, save valuable time, and mitigate the risk of overlooking errors or fraudulent activities in financial data.
Pros
- Easy to navigate
- AI-based analysis
- Tool for monitoring financial data
- Extremely fast review of large accounts
Cons
- Inflexible interface
- Expensive tool
- Time-consuming format of the data
Use cases
- Preliminary Risk Assessment Analytics
- Audit Quality Improvement
- Financial Analysis
- Risk Management
- Fraud Detection
Vic.AI
Vic.ai is an autonomous Accounts Payable platform utilizing AI to digitally transform accounting and finance for improved productivity, decision-making, and ROI.
Specializing in autonomous invoice processing, approvals, and payments, it provides real-time insights, streamlining operations and reducing errors. The platform accelerates the digital transformation of accounting and finance, offering intelligent, proactive, and autonomous solutions.
Pros
- User-friendly platform
- AI-driven invoice data extraction
Cons
- Falsely show of duplicate invoices
- No direct API integration with ERP systems
Use cases
- Cash Flow Forecasting
- Invoice Approval Workflow
- Expense Report Processing
- Predictive Analytics
- Audit Preparation
Boost.AI
Boost.ai is an advanced conversational AI platform, available both on the cloud and on-premise, designed to streamline customer service and internal support through scalable chatbots. Powered by self-learning AI, it reduces development time significantly by utilizing information from various sources.
Boost.ai employs deep learning and NLP technologies to interpret and respond to queries on platforms like Messenger and Slack. Its features include a centralized information repository, authentication management, pre-defined templates, language detection, and a no-code admin panel for building natural interactions in a user-friendly environment.
Pros
- Easy to use interface
- User-friendly platform
- Conversational AI
- Integration with third-party applications
Cons
- Insufficient reporting tools
- Lack of customer support
- Complex admin panel configuration
Use cases
- Promote Sales & Marketing Campaigns
- User Authentication
- Customer Support Chatbots
- Resolve Complaints Automatically
- Virtual Assistants
Exploring different intelligent automation tools, each with its unique features and use cases, we turn our attention to Klippa DocHorizon. This solution surpasses traditional boundaries in document processing, offering unparalleled capabilities.
Dive into the next section to uncover how Klippa can redefine your document processing workflows through intelligent automation.
Leverage IA In Your Document Processes With Klippa
As we come to the end of this blog, our exploration of intelligent automation tools highlights Klippa DocHorizon as a leading document processing solution. Powered by AI and advanced OCR, it excels in automatically reading, scanning, and processing diverse documents, from invoices to ID cards with unparalleled accuracy.
Now, you might wonder, what makes Klippa DocHorizon stand out among other intelligent automation tools? The workflow platform, featuring a low-code builder, provides exceptional flexibility for shaping document workflows effortlessly. Tailor complexity, create custom workflows, or implement document processing models seamlessly with our user-friendly interface and drag-and-drop feature. Starting from scratch or utilizing our model library, DocHorizon simplifies complex tasks with user-centric features.
If you’ve faced challenges in your search for IDP solutions, Klippa excels with extensive document support, empowering your document workflows through robust automation. You can effortlessly convert documents into business-ready formats through mobile scanning and automate archiving with smart algorithms. Ensure secure processing using AI-based OCR for precise data extraction, and detect document fraud to minimize risks.
Unlock the potential of Klippa DocHorizon – schedule a demo today or get in touch for personalized solutions!