Extract is an Intelligent Reading tool that can read, understand and derive information from complex, unstructured data in any language or format. Using our proprietary Cleansing, Classification, Optical Character Recognition and Natural Language Processing capabilities, Omnitive Extract works well with both Hard-Copy (Scanned or Photo) and Soft-Copy documents. It processes heaps of document types to extract information that is most relevant to your business. In the past, we have process simple, Structured Documents (Ex. Passports), Semi-Structured Documents (Ex. Invoices), and Unstructured Documents (Ex. Annual Reports or Legal Documents) with >80% accuracy.

What is this Solution?

The solution helps to simplify business processes, like credit card onboarding, by capturing key data points within a payslip document.

What should I expect?

The client whom we have implemented this project for has experienced* the following:

90% reduction in costs while increasing onboarding volume
90% accuracy with an average processing time of less than 2 minutes
80% reduction in costs while increasing onboarding volume

* Note that every client’s experience differs, and the above figures are for references and not a commitment in any form.

The system is trained to extract the data points from a Singapore payslip, if the data is present on the document. The following are the data points that the system is trained to extract:

Company Name
Employee Name
Payslip Month/Year
Employee CPF Contribution
Employer CPF Contribution
Basic Salary
Allowances
Bonuses

Reach out to the TAIGER team if you encounter any issues with the extraction or if you wish to understand how our technology works.

Omnitive Extract - Payslips

by Taiger Singapore Pte Ltd