MetaEx is an optical character recognition engine for various operating systems.
In simple terms, it scans PDF or Image and extracts the data by converting it into text. With the help of MetaEx the solution connects with any 3rd Party System and Sync the data easily. MetaEx has improved the extract pdf to text outcome, and help OCR reads decode the fields from the scanned documents easily in Less time.
MetaEx Engine with the help of AI & ML improves operational efficiency, reduces costs & data entry errors and helps in optimization of workflow.
The OCR engine or OCR software works by using the following steps:
Any firms and enterprises planning to do away with paper documents can leverage OCR data entry. MetaEx can also be used to transfer important documents to tablets, computers, smartphones, etc. Right from businesses in banking, mortgage, and financial sectors to those in legal, payroll, and healthcare sectors anyone can leverage this tool.
Example: Data extraction can automate invoice processing, so payments, VAT compliance checks, record-keeping and accounting can be automated. With this automation, businesses can directly make further analysis and use these insights for their reports
MetaEx is an optical character recognition engine for various operating systems
MetaEx extracts data from unstructured formats and enables organization to use this data for further processing. This data can be used for making some strategic decisions which may impact organization revenues and leads to decisions which are fruitful for the organization.
MetaEx uses latest technology to extract data from documents. The engine does image processing so that the text within the document becomes recognizable. The recognized text is then compared with masters which has been developed within the engine to correct the fonts and characters. This leads to extract data from document with higher efficiency.
MetaEx enhances productivity by providing users with the ability to extract data quickly from large amounts of unstructured text. This allows users to identify relevant information and eliminate extraneous data, which increases the speed at which they can complete a task or find the information they need.
Start Your Smooth Journey With Our Innovative And Advanced Approach For Seamless Functioning.
MetaEx is AI Based engine for analysing text and extracting data for all the departments in the organization.
MetaEx has maximum identification quality in extracting and validating data. The solution can be integrated with Proqure & Vendora for end-to-end automation.
MetaEx delivers high degree of automation with lowest proportion of manual effort. It is a perfect solution to automate extraction and further processing of extracted data.
We have joined hands with many to raise the development bars with automation.
If you can’t find what you’re looking for, email us our support team will get back to you.
Data extraction is a process that allows you to easily access the data you need from various sources and formats. You can extract data from documents, images, spreadsheets, databases, and other sources with the help of related tools. The extracted information then helps you analyse it for further use.
Reduce Errors, Data extraction reduces errors that can happen due to manual information processing. When an organisation uses data extraction, it can reduce costs and processing errors due to manual processes. It will ensure the data is consistent across multiple sources
Majorly, three 3 types of data.
1. Financial Data - Financial data is the information you and your business generate through your company’s operations
2. Customer Data - Customer data is any information you collect from your customers and use to improve your business. It's a broad term and includes everything from customer name and address to their favourite colour or shoe size
3. Performance Data - Performance data is the information that tells you if your business is successful. You can use it to improve your business, whether that's increasing revenue or ensuring more customers are happy with their experience
The following are some common OCR use cases in various industries:
1. Banking - The banking industry uses OCR to process and verify paperwork for loan documents, deposit checks, and other financial transactions. This verification has improved fraud prevention and enhanced transaction security.
2. Healthcare - The healthcare industry uses OCR to process patient records, including treatments, tests, hospital records, and insurance payments. OCR helps to streamline workflow and reduce manual work at hospitals while keeping records up to date
3. Logistics - Logistics companies use OCR to track package labels, invoices, receipts, and other documents more efficiently
OCR (Optical character recognition) extracts the information from PDF or Images automatically converts it into text and then processes that text into respective digital invoice fields.
AI and ML improves the OCR outcome, helps decode the fields from the text from the scanned documents easily and reduces the time. With the help of ML and AI Manual data entry is not needed in each step
Data scientists classify different types of OCR technologies based on their use and application. The following are a few examples:
1. Simple optical character recognition software
2. Intelligent character recognition software
3. Intelligent word recognition
4. Optical mark recognition
