12 Nov CaptureFast Uipath Partner
CaptureFast Announces Partnership with UiPath
Today CaptureFast, a state-of-the-art data capture solution, announced an Advanced Technical Partnership with UiPath, the leading enterprise Robotic Process Automation (RPA) software company. CaptureFast allows users to unlock valuable information from physical or digital documents via artificial intelligence (AI) with machine print character recognition. This partnership will provide joint clients with an all-in-one, ready-to-deploy solution for automation that requires document classification and data capturing from complex and variable documents. Features such as CHACS, CaptureFast Hybrid Auto Classification System, streamline the automation process and ensure users can access the data they need.
From the view of CaptureFast
Gurkan Karagoz, founder and CEO of CaptureFast explained, “We believe UiPath is a great partner for us because we share a similar point of view about how the market is evolving and the needs of clients. In particular, both CaptureFast and UiPath products are very easy to use, which is a great benefit because there is no learning curve and no need for complicated approaches.”
Karagoz continued, “Data capture is normally the starting point and customers also need to take action or process the data once it is captured. Capture, by itself, solves only part of the problem. In order to achieve broader automation, CaptureFast values partnerships with RPA vendors such as UiPath because it provides customers with an easy to implement and flexible data capture solution in their RPA deployment. We believe the UiPath solutions combined with CaptureFast’s automatic classification and capture capabilities create an all-in-one, ready-to-deploy solution for customers’ automation needs that require AI-enabled data capture, especially for semi-structured data.”
CaptureFast is used in multiple verticals such as insurance (application, sales, claim forms between field and HQ), Banking & Finance (account opening, checks, KYC, loan and mortgage documents, bank statements), Non-profits (member forms and files), Construction (insurance documents, work orders), healthcare, legal, aviation, maintenance, logistics, and many others.
Up until now, automatic document classification has been a missing part of RPA projects. CaptureFast fills this gap in the market offering quick, machine learning aided, easy to set up, flexible, and integrated solution at affordable prices.
For example, consider CaptureFast’s client, Isbank. Isbank serves retail, SME, and large corporate customers. The bank has the most extensive private distribution network in Turkey with over 1,200 domestic branches and thus it processes hundreds of documents of various types.
Isbank leverages CaptureFast to extract data from these documents in a digitalized version. First, Isbank can extract data from numerous types of documents, digitalize the document processes, and minimize time spent on data entry. Then, extracted data is transferred to banking screens with the help of UiPath RPA. As a result, Isbank increases efficiency and reduces implementation time.
Uipath started in 2005 as a 10-people team based in Bucharest, led by Daniel Dines. In the beginning, they outsourced automation libraries and software to some of the world’s biggest companies.
Fast-forward to 2015. They launched free courses for UiPath Academy and started teaching RPA to over 35,000 now certified developers, propelling their rocketship growth.
Today, they have 7,000+ enterprise customers and have raised over $1B to a valuation of $10.2 billion.