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IBM DataCap Reduces Document Processing Costs

Key Points

  • Recent regulatory changes have pushed companies to focus on document‑management operations, prompting the development of cost‑saving and customer‑satisfaction solutions.
  • By leveraging IBM DataCap’s OCR and ICR engines, the team achieved roughly 90 % automatic reading of handwritten and numbered forms, markedly boosting productivity.
  • Implementing DataCap reduced processing time from about 100 minutes to 20 minutes per document and cut operational expenses by roughly 80 % compared with manual methods.
  • The platform also ensures regulatory compliance (e.g., signature and completeness checks) and is being tailored for sector‑specific solutions in public finance and energy.

Full Transcript

# IBM DataCap Reduces Document Processing Costs **Source:** [https://www.youtube.com/watch?v=3vneMb-lPBo](https://www.youtube.com/watch?v=3vneMb-lPBo) **Duration:** 00:02:28 ## Summary - Recent regulatory changes have pushed companies to focus on document‑management operations, prompting the development of cost‑saving and customer‑satisfaction solutions. - By leveraging IBM DataCap’s OCR and ICR engines, the team achieved roughly 90 % automatic reading of handwritten and numbered forms, markedly boosting productivity. - Implementing DataCap reduced processing time from about 100 minutes to 20 minutes per document and cut operational expenses by roughly 80 % compared with manual methods. - The platform also ensures regulatory compliance (e.g., signature and completeness checks) and is being tailored for sector‑specific solutions in public finance and energy. ## Sections - [00:00:00](https://www.youtube.com/watch?v=3vneMb-lPBo&t=0s) **IBM Datacap Cuts Document Processing Costs** - The speaker explains how adopting IBM Datacap’s OCR/ICR engine dramatically improved handwritten and form recognition accuracy to ~90%, slashed processing times from 100 to 20 minutes, and reduced operational expenses by about 80% while ensuring regulatory compliance and enhanced ECM capabilities. ## Full Transcript
0:02[Music] 0:08due to the recent regulatory 0:11developments we observed that companies 0:13have mostly document management related 0:15operations and we have begun to produce 0:19solutions to decrease the operational 0:22costs of these companies and to increase 0:25customer satisfaction with IBM data gap 0:29by using the OCR and ICR engines we have 0:32achieved success especially reading 0:34handwritten and forms with numbered 0:36content thanks to the interaction design 0:40of this which we also have in our 0:42company by also ensuring to make forms 0:44readable by data cap we achieved 0:47automatic reading and automatic reading 0:49rates of around 90 percent this has led 0:52to factors such as increased 0:54productivity reduced operational costs 0:56on our own with these solutions for us 1:04IBM data cap came across exactly what we 1:07want as a scanning data processing 1:09platform because it can also provide us 1:12the opportunity to use our over 10,000 1:15staff operations like mobile recognition 1:17and mass scanning when we compare 1:27operational costs after using IBM data 1:30cap we achieve a gain of 80 percent 1:32compared to manual operations so we 1:35could observe that a document processed 1:37in 20 minutes rather than a hundred 1:39minutes but on the other hand it offered 1:42us a structure that helps make it 1:44compatible with the regulatory issues in 1:46the processes such as if there is a 1:49signature or if the document is 1:50incomplete or complete thanks to this we 1:54have reduced our operational costs even 1:56further than the scope of ECM strategies 2:00after making the capture site completely 2:02ready with IBM data cap we aim to 2:05produce sectoral solutions in this area 2:09public finance and energy are the 2:12sectors in which we 2:13only operate in these areas we aim to 2:17offer solutions that are specific to 2:19these business areas on the IBM data 2:22kept platform 2:23[Music] 2:25you 2:26[Music]