Our client, a leading insurance provider was stuck with manual data extraction. This led to a significant increase in costs, processing time, and data errors.
Challenges Faced
OCR solutions failed for our client due to variable volumes and 2M+ unique formats of the insurance documents, forcing a return to manual data handling, and significantly reducing productivity.
Results
Infrrd’s AI-powered IDP for insurance tackled these challenges by handling millions of document variations with high accuracy. This led to reduced processing times, improved precision, and increased efficiency for the client, fostering a lasting partnership.
One of the industry's largest claims administrators aimed to double their claim volume, cut processing time by 50%, and scale up capacity with their existing team.
Challenges Faced
Manual bottlenecks hindered SLA compliance for speed and efficiency, while OCR solutions failed to handle varying document volumes and formats effectively.
Results
Infrrd’s AI-powered IDP streamlined data processing from complex insurance claim forms, boosting processing speed by 400% with minimal human intervention.