August 21, 2024
Perfect integration of template and AI-based data extraction from PDF documents
In today's digital reality, where companies process thousands of documents every day, efficiency is critical. The question of how to extract PDF data quickly, accurately and reliably concerns many companies. The solution? A powerful AI PDF extractor that optimally combines human work and artificial intelligence. In this post, I'll explain why Semadox is the ideal solution for your company.
Companies are faced with the challenge of processing huge volumes of PDF documents. Invoices, contracts, orders and many other types of documents must be read out quickly and correctly. A small mistake in data extraction can lead to major problems — whether with invoicing, the supply chain, or accounting.
Therefore, choosing a reliable PDF extractor is a top priority. But many systems quickly reach their limits. Some work purely based on rules and require human intervention, others rely entirely on artificial intelligence, which, however, often delivers unpredictable results. Semadox takes an innovative approach and combines both approaches for maximum efficiency.
Purely AI-based PDF extractors have the advantage that they are flexible and often work well even with slightly different document structures. However, they are unpredictable and do not provide 100% accurate results. If a document is identified incorrectly, human intervention is required to correct errors — which costs time and resources. That being said, even small mistakes can have a big impact. If the AI is wrong by two decimal places, the ordered pallet quickly becomes 100 - associated expenses and costs.
Template-based systems, on the other hand, offer very accurate and repeatable results. They are particularly efficient when the document structure is standardized and rarely changes. Of course, they also have disadvantages: It is more complex to integrate new document types, as manual adjustments are required for each partner and every template. At Semadox, we have now massively optimized this process, and we have been able to massively reduce the time and costs of creating templates in recent years.
However, we have not been satisfied with that so far. In recent months, we at Semadox have analysed the two approaches and found the best way to combine them: a hybrid approach, which combines the best of both worlds.
Semadox's hybrid approach combines the precision of a template-based system with the flexibility of artificial intelligence. In most cases, around 80% of a company's documents come from around 20% of business partners. These important documents can be processed with maximum precision using our template-based system. For the remaining 20% of documents, which are more irregular and have potentially unpredictable structures, we use artificial intelligence, which still works with an impressive accuracy of over 90%.
It's simple: You get a system that is highly precise and flexible at the same time. This ensures that your most important documents are processed without errors, while even less standardized documents can be read out quickly and efficiently.
Another advantage of our system is the ability to also scanned documents easy to process. Our AI is specifically designed to deliver excellent results even with scans, which are often particularly challenging.
Put an end to inaccurate data extractions and time-consuming manual rework. With Semadox's hybrid approach, you can make your document processing more efficient while maximizing accuracy. Our solution is flexible, precise and adapts to your individual requirements.
Book your non-binding demo appointment andd See the performance of Semadox for yourself.
On our webpage Learn more about our innovative technology.
Image source: Midjourney
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