MPS IntelliVector

MPS IntelliVector is a document and forms processing solution offered by Multipass Solutions Ltd. According to the vendor, this software automates the extraction and processing of business data from unstructured paper sources. It utilizes advanced recognition and validation techniques to achieve high levels of automation and accuracy. The product is specifically targeted at large enterprises, government agencies, and organizations with high volumes of incoming documents and forms. It is widely used across various professions and industries including finance and insurance, telecoms, energy and utilities, government, and pharma and healthcare.

Key Features

Automated data extraction: According to the vendor, MPS IntelliVector automates the extraction and processing of business data from handwritten and printed text on various documents and forms. It utilizes advanced recognition engines to accurately locate and extract critical business data, including machine print, handwriting, optical marks, and barcodes.

Versatile data source support: The vendor states that this solution can extract business data from a wide variety of sources, including printed and handwritten documents, forms, cheques, invoices, emails, and more. It supports the extraction of data from machine print, handwriting, optical marks, and barcodes, making it versatile for different types of documents.

Language and document type flexibility: According to the vendor, MPS IntelliVector can handle documents and forms in any language and supports a wide range of document types. This allows for global usage in multilingual environments and provides a single, consistent process for capturing and processing data from different sources.

Automated recognition and validation: The solution utilizes automated recognition engines to accurately locate and extract business data from documents and forms. The vendor claims that it employs machine learning algorithms to continuously improve recognition accuracy and adapt to different document layouts. In cases where automated recognition is not sufficient, a microtask-based data validation approach is used to ensure high data accuracy.

Secure outsourcing and crowdsourcing: MPS IntelliVector offers the option to outsource or crowdsource data entry tasks, according to the vendor. The solution anonymizes customer data, allowing for secure outsourcing or crowdsourcing without compromising data confidentiality. This enables organizations to reduce processing costs and scale their operations as needed.

Significant cost savings: According to the vendor, by automating the extraction and processing of business data, MPS IntelliVector significantly reduces processing costs compared to manual data entry. It eliminates the need for manual sorting, data entry, and validation, reducing labor-intensive tasks associated with document processing. Organizations can achieve cost savings of up to 90% by implementing MPS IntelliVector for their document and forms processing needs.

Integration with existing systems: The vendor states that MPS IntelliVector can complement and enhance existing data capture solutions by providing advanced recognition and validation capabilities. It can be easily integrated with popular ECM systems, databases, and other enterprise systems through ready-to-use system connectors. This allows organizations to improve processing speed, accuracy, and efficiency by adding MPS IntelliVector to their data capture solutions.

Structured and semi-structured document support: MPS IntelliVector supports the processing of structured or semi-structured documents and forms, according to the vendor. It can handle both one-page and multi-page documents and forms, providing flexibility in processing different types of content.

Enhanced data privacy and security: According to the vendor, IntelliVector utilizes microtask-based or field-centric data validation, ensuring that users only have access to small, anonymized pieces of information taken out of their original context. This approach enhances data privacy and security by reducing the exposure of sensitive information.

Fast and scalable processing: MPS IntelliVector is optimized to meet the throughput requirements of large enterprises, according to the vendor, enabling easy scalability and adoption volumes of up to millions of pages per month. The advanced automation, faster processing, and low hardware requirements contribute to the system's scalability.