Ephesoft available from IDT is the leading developer of supervised machine learning-based document capture and analytics solutions in the cloud or on-premise. Organizations use Ephesoft’s platform to automate any document-based business processes, improving accuracy, increasing productivity and reducing costs. Ephesoft’s core product Ephesoft Transact turns the world’s unstructured content into actionable information.
Ephesoft’s solution has dramatically accelerated critical business processes like purchases, mortgage approvals, background checks, invoice processing and other transactions that have traditionally been ridden with manual data entry and time-consuming work. The patented supervised machine learning algorithms have transformed process efficiencies, reducing as much as seven times the hard costs associated with invoicing. Similar strides have been made in mortgage processing, which can have as many as 600 types of documents to recognize and categorize.