On a day-to-day basis, document scanning and data extraction companies are inundated with vast amounts of data, and extracting the valuable information from different sources can be a time-consuming and error-prone task when done manually. However, the creation of cutting-edge technologies, like PACE and MadWhack (MW) paired with Amazon Textract from Amazon Web Services (AWS), provides a powerful solution for efficiently extracting data from a variety of documents. PACE being a document scanning ERP and Madwhack, a document processing software, along with Amazon Textract, a machine learning-based service offered by AWS, combined into one.
MadWhack, in combination with Amazon Textract, is a fully managed OCR (optical character recognition) and data extraction powerhouse that uses advanced machine learning models to automatically extract text and data from scanning documents, images, and PDF files. It goes beyond traditional OCR solutions by not only recognizing text but also identifying and extracting key-value pairs, tables, forms, and even handwriting. By leveraging state-of-the-art algorithms, MadWhack and Textract can extract information with high accuracy, significantly reducing the need for manual data entry.
The key advantage of MadWhack and Textract combined is their ability to automate data extraction tasks. Instead of relying heavily on manual data entry or traditional OCR technologies, document scanning companies and departments can process large volumes of documents and extract valuable information rapidly, saving time and reducing the risk of errors associated with the risks and variability of human involvement.
MadWhack and AWS also support various document types, from invoices and contracts to receipts, forms, and more. This allows businesses to handle diverse documents seamlessly, regardless of format or layout, speeding up operational efficiency. These machine learning models can also accurately recognize and extract text from documents in challenging scenarios, with a high level of accuracy. This ensures that data is reliable and usable, minimizing the need for manual validation or quality control and improving overall efficiency.
Not to mention the scalability possible with MadWhack and PACE. They can handle large volumes of documents simultaneously, allowing businesses to extract data from thousands or even millions of documents within a short timeframe. This enables businesses to accelerate their data extraction process without compromising accuracy. For example, Recordsforce added considerable efficiency by using PACE/MW with AWS. Within the first day of using the software, they reduced expenses by 15%. MadWhack and PACE also have the included ability to divide work by splitting tasks, feeding them to workers through an autoqueue, and then bringing them back together for delivery to even further increase efficiency.
PACE and MadWhack, in combination with Amazon Textract, offer a powerful solution to accelerate and streamline the data extraction process of document scanning and data extraction companies and departments. By automating data extraction tasks, businesses can ensure accurate results and easily provide scalability. By leveraging PACE, MadWhack and Textract, businesses can quickly and easily improve operational efficiency, as well as save time and resources.