Italian bank captures unstructured documents
A large bank in Italy is automating document processing with distributed capture software. Intesa Sanpaolo has chosen an intelligent capture and exchange solution from Kofax to process the more than 30 million documents that originate annually at 14 of the bank's branches in Italy.
The solution will enable those branches to digitally capture documents, transform the content into accurate data and deliver the resulting information in real time into organizational applications and repositories, according to a recent press release from Kofax. The bank will use the solution for unstructured documents with various formats, layouts and data fields. Primarily paper-based, the documents include branch withdrawals and deposits, check deposits, payments and transfers, tax forms and records, money orders and more, Kofax reports.
"Intesa Sanpaolo needed a distributed capture solution to simplify and accelerate high-volume processing by automating and unifying data originating from multiple locations on millions of paper and electronic documents and forms," says Gary Collins, senior VP of applications software sales – EMEA at Kofax. "Our solution will enable the group to automatically capture and classify information as it enters branches and then securely route it to the appropriate location electronically for further processing or storage. The solution improves operational speed, accuracy and efficiency while reducing labor-intensive paper-processing costs."
Intesa Sanpaolo has more than 7,900 branches and 18.5 million customers worldwide.