Romulus - Intelligent Document Processing
Overview
Financial Services firms receive millions of documents each day from customers, vendors, service providers, counterparties and others that contain unstructured information which needs to be understood, processed, validated and converted into a format that internal systems can use. In many instances where the format & structure of such information is diverse challenging traditional automation solutions and requiring manual effort from operations teams with subject matter expertise.
Romulus is an AI driven Document Intelligence Platform built to help Financial Services firms automate the processing of these unstructured documents both autonomously as well as with a human in the loop. Romulus helps our customers increase process efficiencies, reduce operational risks and improve turnaround times of document heavy operational processes.
Key Features
Purpose built for Financial Services - Built for Financial Services, Romulus has been exposed to over 100 million documents ranging from structured form-like documents to free text contracts
Context Aware - Unlike traditional automation solutions, Romulus does not rely on the format or structure of underlying documents but rather interprets context based on content. This allows for robust & versatile automation.
Quality Aware - Romulus validates extracted information across multiple measures to produce confidence scores that allow for selective escalations to human subject matter experts as and when required
Versatile - Can handle data that look like forms or statements, as well as long-form text in emails or contracts with ease
Autopilot & Co-pilot Formats - Romulus can operate completely autonomously ingesting raw data and delivering structured output via API. Romulus can also deliver a powerful Co-Pilot suite that allows human subject matter experts to review, flag, annotate & override machine output.
Key Benefits
Robust yet Versatile Automation - Romulus’ context specific approach ensures that the automated workflow is robust to changes in the underlying documents and versatile enough to allow for adaptations & adjustments easily
Risk Mitigation - When the cost of a mistake is high, maker checker / four eye and six eye reviews become necessary. Romulus brings skills that are context specific and yet complementary to human expertise materially reducing operational risks
Efficient use of Human Subject Matter Experts - With Romulus, human subject matter experts can focus their attention on exceptions rather than needlessly expend time & effort on business-as-usual situations
Turnaround Time Reduction & Scalability - Depending on the complexity of the underlying process, Romulus can turnaround times by upto 85-90% vis-a-vis manual document processing.