Abacus spin-off DeepCloud has already processed over 1 million documents through AI

DeepCloud, a spin-off from Abacus, is taking off: Already, the DeepO solution has processed more than 1 million documents through AI. Unlike traditional optical character recognition programs, DeepO can do more than text recognition, it says. It understands the semantics of documents, integrating information from multiple sources to deliver comprehensive results within seconds. DeepO is publicly available as an integrated feature of DeepBox, a cloud-based document sharing platform. It is ISO 27001:2013 certified and hosted exclusively on Swiss servers. Through DeepBox, users also benefit from DeepO's cognitive data capture. A wide range of documents are automatically captured, analyzed, classified and processed - including invoices, receipts, purchase orders, credit notes or salary slips. The solution is not only a feature of DeepBox, but is also available as an API-based standalone solution. It can be integrated into both cloud and on-premises technological infrastructures.

Societal benefits of artificial intelligence.

DeepCloud's Chief Technology Officer, Alexander Vegh, emphasizes the importance of DeepO as a tool to help people: "It is our goal to minimize unnecessary manual data entry, as it often yields little and easily leads to errors. DeepO also helps people with automatic data validation and fraud detection. Furthermore, thanks to the integration with the commercial register and other third-party sources, the solution is able to instantly enrich the document with information that is not publicly available or difficult to find manually."

According to the vendor, the data capture AI proves to be up to twenty times faster than manual processing, resulting in an impressive 80% reduction in administrative costs. Native integrations with Abacus ERP software and AbaNinja accounting tool are also available. This enables seamless connectivity to Swiss ERPs, as well as REST API integrations for other ERPs. DeepO has already been successfully integrated with several applications, including the mobile app AbaClik and the Swiss real estate platform Tayo.

1,000,000 is just the beginning.

Claudio Hintermann, Chief Executive Officer of DeepCloud, expresses his confidence in the future growth of the platform: "Although 1 million documents processed in just 7 months is a major milestone for us at DeepCloud, this is just the beginning. We are experiencing double-digit growth every month as the platform continues to grow in popularity. DeepCloud's DeepO embodies the ability of artificial intelligence to help people do their jobs and revolutionize data capture - its future looks more promising than ever," said Hintermann.

Source and further information: www.deepo.swiss