Cortical.io enhances solutions to improve intelligent document processing

Cortical.io is offering new releases of solutions that improve document processing speed, accuracy and usability for the most challenging business documents, messages, and attachments. The solutions are Contract Intelligence 4.6 and Message Intelligence 2.4 along with enhancements to its Semantic Folding technique.  

Contract Intelligence 4.6 automatically and accurately searches, extracts, classifies, and compares key information from agreements, contracts, and other business documents like insurance policies and financial reports.

Contract Intelligence uses a Natural Language Understanding (NLU) approach to analyze relevant information from a document quickly and accurately. It achieves at scale what is difficult for manual labor or other contract analysis tools. The new version models relations between extractions, and includes performance and scale improvement. It also has a newly refined user interface for ease of use.

Message Intelligence automatically and accurately classifies and processes messages, attachments, and unstructured text based on meaning.

When leveraging models built with Contract Intelligence, it also extracts and can leverage information buried in messages, attachments, and unstructured text.

The new version contains explainable AI-supported classifiers, improved handling of messages and attachments, high availability, and an enhanced dashboard.

Cortical.io’s Semantic Folding approach is a major boon for any enterprise that needs to process thousands of incoming documents, messages or attachments annually, according to the vendor.

For instance, insurance carriers and brokers can automatically review, extract and compare information from documents including policies and claims, speeding up the quoting process and improving responsiveness.

Other verticals including management consulting, business process outsourcing, and finance have reaped enormous benefits as well, including time savings and better operational efficiencies.

Benefits of Cortical.io Semantic Folding in IDP include:

• Increases operational efficiency of processing and reviewing incoming unstructured documents by up to 80%, increasing the bottom line by saving time and money
• Improves sales outcomes and customer satisfaction by reducing turnaround time for incoming requests, boosting responsiveness and enhancing the top line by increasing revenue
• Reduces risks and creates a competitive advantage by uncovering information hidden within unstructured documents.
• Enhances both efficiency and accuracy of document review more than other approaches
• Easy to customize to company requirements by subject matter experts and business users

“While many companies are selling NLU platforms that require months of implementation effort, or off-the-shelf solutions that cannot be easily customized for challenging use cases with unstructured content, businesses are looking for solutions that deliver quick results, while meeting their specific requirements,” said Thomas Reinemer, COO at Cortical.io. “So, we’ve built IDP solutions that are easy to customize and quick to implement in an enterprise environment, while achieving unmatched levels of accuracy when processing unstructured text.”

For more information about this news, visit https://www.cortical.io.