CloudFin’s True Capture™ is a SaaS that automates document data capture and data entry while offering e-archiving with full context search. Our solution is ERP independent and can extract all data from any transactional document, including transaction data (trader, date, payment method, transaction amounts) as well as product line data (products, quantity, price, VAT, etc.), without templates or system training, at a remarkable success rate of 80%. It is ERP-independent and can operate with all sales or purchase documents and other company documents such as commercial agreements and bank statements.

For bookkeeping and auditing firms, CloudFin’s True Capture solution offers a unique automated data entry process that requires no training, as well as e-archiving with complex content search and advanced analytics through Business Intelligence dashboards. It enables bookkeeping and auditing offices to become paperless, while at the same time being GDPR compliant, reducing BPO time by at least 50%.

For Retail / Commercial clients, CloudFin’s True Capture enables full account payable and expenses document process automation, with product recognition including supplier code maintenance, price checks, unit of measure recognition and conversion, and automated PO matching, speeding up entry process while minimizing errors.

Beyond financial-transaction document processing, True Capture can also be employed in a range of other automations such as:
• Retrieving data from ID cards for bank onboarding processes
• Retrieving customer and financial information from loan contracts
• Retrieving information from commercial agreements

On a daily basis, most businesses receive, check and process a varying number of financial documents such as sales and purchase invoices, expenses, bank statements, payments and receipts, as well as tax related documents. These accounting processes have long been considered as an expense-heavy segment of corporate operations. Various inherent complexities render it difficult to achieve true automation of the aforementioned processes due to the extensive diversity of the incoming document structure, and most commercially available automation solutions have failed to offer a valuable and reliable success rate of data capture.

CloudFin

by CLOUDFIN LTD