Get 99%+ accurate data from your forms without the manual headache

  • Extract data you need from IRS tax returns, ACORD & Medicaid forms with just a single click.
  • Reduce turnaround time for document processing from days and months to seconds
  • Get your teams to remove any outliers or dodgy data with a human reviewer and automated validation checks.
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Bank Statement Processing with AI
Problem statement

Forms Processing requires your operations team to manually extract data from documents like ACORD forms, tax returns, and Medicaid forms which is time-consuming & error-prone.

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Get to know about Intelligent Document Processing in Insurance

What docs do we handle?

ACORD forms
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Medicaid claim forms
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W-2 Form
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W-9 Form
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Loan Application
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IRS Tax Returns
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Certificate of origin
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Form 1120-S & 1040C
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Form 940, 990
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Verification Forms
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Authorization Forms
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Equipment inventory forms
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Docsumo - Get human-like cognition and flexibility to process forms in any industry

INSURANCE FORMS PROCESSING

Extract data from complex, multi-page ACORD forms

Automate data extraction from ACORD forms, IRS tax forms, or claims documents easily. Use our pre-trained APIs for pre-defined fields like customer name, coverage, premiums, certificate number, company name and more

  • ACORD 25, 26, 27, 28
  • ACORD 125, 126, 127, 130
  • Medicare/Medicaid health insurance claim forms
  • Custom model your insurance forms
  • Insurance verification forms
  • Insurance authorization forms
  • Auto insurance quote forms

IRS TAX RETURNS AND FORMS PROCESSING

Power up your underwriting with automated data extraction from IRS Tax returns

Extract key values and tables instantly from all kinds of tax returns.

  • W-2, W-9 Forms
  • Form 940, 990
  • Form 1120-S, 1040C
  • Site survey forms
  • Apartment inspection forms
  • Loan application forms

COMMERCIAL LENDING FORM PROCESSING

Drive 100% lending automation with APIs to classify forms, identify key points, and validate data

Know creditworthiness of borrowers and streamline your commercial lending workflows with automated data extraction of lending applications/forms.

  • Business loan application forms
  • Sources-uses forms
  • Commercial lending forms
  • IRS tax forms

LOGISTICS FORM PROCESSING

Make your supply chain operations smarter with automated forms processing

Get business-ready data from your supply chain forms with intelligent automation and enhance visibility of your shipment.

  • Certificate of origin forms
  • Delivery confirmation forms
  • Customs forms
  • Equipment inventory forms
  • Courier registration forms
  • Inventory adjustment forms
ACORD Forms Processing Case Study

How Jones reduced their ACORD form processing time from minutes to seconds

Challenge

Manually extracting data was rough for the operations team. With no standard format, finding the right data was like searching for a needle in a haystack. It gave them whiplash trying to track fields across documents. Not to mention the mind-numbing work of scanning page after page. This manual grind couldn't scale with increasing volumes.

Solution
  • Scanned document images of ACORD forms using advanced OCR techniques like vectorization
  • Leveraged proprietary NLP models to classify and extract key-value pairs
  • Made intelligent predictions using contextual analysis algorithms
  • Validated extracted data against custom rules for 99% accuracy
  • Offered flexible APIs to deliver structured JSON output
Results

What once required tedious manual work, now happens automatically. Jones reduced time and costs by over 80% while boosting accuracy past 95%.

Processing U.S. Individual Income Tax Return Form
<8s
Processing time of unstructured data reduced to <8 seconds
95%+
Touchless processing using smart validation rules
99%+
Accuracy with end-to-end automation
See how we can help your operations team
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Docsumo's intelligent document processing enables you to extract data easily, efficiently, and accurately. Fill up the form  to speak with an automation expert.
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