An overwhelming percentage of most businesses’ information remains in physical and unstructured formats, posits GRM. Remaining in those formats, the data is of limited value; as it is not easily accessed, shared, combined with other information or efficiently analyzed. This new solution extracts and classifies that data; providing invaluable insights on business operations, according to GRM.
“The GRM ICR solution supercharges efficiency on two fronts,” explains CEO Avner Schneur. “One, the technology automates the previously manual process of turning unstructured data into structured data. And two, the resulting structured data is more easily shared, analyzed and acted upon.”
The GRM ICR Solution consists of three primary components. First, a Receiver Engine that recognizes, captures and converts to digital. Second, the ICR Engine that extracts data and auto-classifies it based upon previously defined parameters. And finally, the Content Management portion of the GRM platform that archives the resulting data and feeds it into the workflow automation components of the solution.
In short, the GRM technology validates data in real time; identifying errors, inconsistencies and omissions and subsequently flagging them for attention rather than feeding them into the workflow process where they would be identified later, creating delays and incremental costs, according to its maker.
