Outsourced receipt transcription may be the answer if you're struggling with slow processing times, missed SLAs, process inefficiencies, and poor data quality.
Forward-looking fintech companies seeking to slash operating costs, stay competitive, secure customer loyalty, and experience stellar growth are adopting technologies like robotic process automation (RPA), machine learning (ML), artificial intelligence (AI), and even blockchain. CloudFactory enables such automation at scale through a highly skilled, people-powered workforce dedicated to high data accuracy, compliance, and integrity.
CloudFactory helped us scale with accuracy and speed during this time of dramatic growth!
It takes a lot of people power to process invoices and pay bills for 7,000+ companies across North America—and that’s exactly what CloudFactory makes possible for this financial technology innovator.
Our partnership began in 2015 with invoice digitization. Today, our managed team of data analysts processes 1 million+ invoices monthly, inputting more than a dozen data attributes into our client’s proprietary tool. What automation can we make possible for you?
Is your company using OCR software to automate data extraction from financial and accounting records and receipts? If so, you probably know that OCR can’t accurately interpret 100% of the data, even when machine learning and AI are involved—and that gap is where we come in.
CloudFactory excels at helping companies “trust but verify” their document processing automation initiatives through a powerful combination of automation plus humans in the loop to monitor and validate OCR outcomes in near real-time.
This US-based specialty insurer needed to quickly organize incoming, daily email requests so underwriters could produce quotes, fast. Within two weeks, we were in full production mode. During the evenings, US time, our data analysts work through the queue, standardizing requests by entering details in our client’s proprietary system. Come morning, the requests are available for underwriters, ready for quotes. Because of the specialization required to do this work, our partnership, now five years strong, has provided our data analysts with an average tenure of 16 months.
Each day, we process hundreds of thousands of invoices, receipts, and other documents for finance innovators. We’re experts at scaling a workforce to match demand—while maintaining accuracy.
Financial companies need data processed quickly because customers demand speed. Our data analysts are fast and located across multiple timezones, and you control when they process your documents.
Partner with CloudFactory and have confidence knowing that your documents are processed accurately and securely, on time, and on budget. Focus on growing your business and let us handle the rest.