Ocrolus

Ocrolus is an AI-based document processing software that aims to streamline and automate document classification, data extraction, fraud detection, and data analysis. According to the vendor, this solution is designed to cater to small, medium, and large enterprises across various industries, including financial institutions, lenders, mortgage companies, insurance companies, and accounting firms.

Key Features

Classify: According to the vendor, the software utilizes AI and machine learning to quickly and accurately sort documents. It combines machine learning with human validation to ensure precise data extraction. The vendor claims that this feature eliminates the need for manual document pre-sorting and provides structured, indexed output for all document types.

Capture: The software is said to instantly extract and structure data using computer vision and human validation. The vendor claims that it can generate over 99% accurate results on every file and accelerate processing speed with instant or near-instant analysis. Additionally, the software is designed to scale dynamically based on demand and provide a comprehensive audit trail of key data fields to bolster compliance.

Detect: According to the vendor, this feature enables the rapid identification of suspicious activity and potential fraud through file tampering detection and algorithmic validation. The software is said to provide alerts on fraud and document tampering, and it claims to integrate new data by connecting data points from multiple sources. The vendor states that the algorithms used in this feature continuously learn and improve over time.

Analyze: The software is designed to provide instant insights into cash flow and income by leveraging clean, normalized data. According to the vendor, it allows for the combination of document data in all formats with digital sources for comprehensive analysis. The vendor claims that the software can calculate cash flow and income metrics with higher precision than traditional data sources alone. Additionally, the software can integrate directly into CRM or LOS for confident decision-making.