SoftWorks AI leverages machine learning, OCR, data extraction, and classification capabilities to automate document processing and assist today’s knowledge worker.
FOREST HILLS, N.Y. — SoftWorks AI today announced its official launch as an independent firm in the business process automation software space. With deep expertise in OCR, advanced data capture, and artificial intelligence technologies, SoftWorks AI seeks to equip knowledge workers with the means to drive business value faster and more intelligently.
SoftWorks AI spun off from CVISION Technologies in August 2017. This spin-off occurred after CVISION’s PDF optimization business was acquired by Foxit Software, a leading provider of fast, secure, and affordable PDF solutions.
Dr. Ari Gross, former CEO of CVISION, along with key principals in sales, support, services, and development, formed SoftWorks AI to focus and build upon the Trapeze process automation suite. With the move to SoftWorks AI, he and his team will be able to dedicate all resources to the automation solutions in order to better serve Trapeze clients worldwide.
“SoftWorks AI’s Trapeze is a document automation solution that improves business processes through data extraction, document classification, machine learning, and advanced capture functionality,” stated Dr. Gross, now CEO of SoftWorks AI. “With Trapeze, clients have significantly reduced labor costs, minimized human error, and greatly increased processing speed to drive new efficiencies in their document-driven processes.”
Trapeze clients from the CVISION era will carry over to SoftWorks AI and exist in many verticals, especially financial services, banking, tax, and accounting firms. In addition, major partners such as OpenText (Trapeze integrates directly into Captiva) will carry on their relationship with the new entity. SoftWorks AI uses their expertise in key verticals to deliver higher touchless automation rates.
For example, a mortgage insurance provider was able to reduce loan processing time from over 2 hours to under 5 minutes per loan packet using Trapeze’s unique understanding of the various documents and data points involved in making a loan decision. The company has solutions for mortgage loans, tax documents, invoices, transcripts and more.
“SoftWorks AI is dedicated to helping organizations enhance operational efficiency by providing reliable, innovative business process automation software,” added Dr. Gross. “With over 20 years of experience in the market application of creative automation solutions to unique problems under the CVISION brand, our team offers unparalleled technical expertise, an ability to innovate rapidly, and the unmatched desire and talent to solve our clients’ most complex document processing issues while meeting their ROI needs.”
For more information, please visit https://www.softworksai.com.
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Media Contact: Daniel Raiani, SoftWorks AI LLC, (212) 575-9292, [email protected]
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SOURCE SoftWorks AI LLC