The insurance industry heavily relies on accurate and efficient processing of forms, from policy applications to claims submissions. To streamline this process and improve accuracy, many insurance companies are turning to forms processing software. In this article, we will review some of the best insurance forms processing software of 2023.
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ABBYY FlexiCapture: ABBYY FlexiCapture is a comprehensive forms processing software that uses advanced optical character recognition (OCR) technology to extract data from insurance forms. It features intelligent classification and validation capabilities, as well as integration with popular enterprise content management systems.
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Kofax TotalAgility: Kofax TotalAgility is a digital transformation platform that includes forms processing capabilities. It can automatically extract data from various insurance forms, such as applications and claims, and validate the information against business rules. It also offers workflow automation and document management features.
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Parascript FormXtra.AI: Parascript FormXtra.AI is an artificial intelligence-powered forms processing software that can extract data from structured and unstructured insurance forms. It features advanced handwriting recognition and classification capabilities, as well as integration with popular enterprise systems.
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Kodak Alaris INfuse Smart Connected Scanning Solution: Kodak Alaris INfuse is a hardware and software solution that can capture and extract data from various insurance forms. It features advanced image processing and OCR technology, as well as secure cloud integration for easy access to processed data.
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IRISXtract for Documents: IRISXtract for Documents is a forms processing software that can extract data from various insurance forms and validate the information against business rules. It also features integration with popular enterprise systems, such as SAP and Oracle.
In addition to these forms processing software, there are also numerous industry-specific solutions that cater to the needs of specific insurance sectors, such as life insurance and property and casualty insurance.
In conclusion, forms processing software can greatly improve the accuracy and efficiency of insurance forms processing. The above-listed solutions are some of the best insurance forms processing software of 2023, offering advanced OCR technology, intelligent classification and validation capabilities, workflow automation, and integration with popular enterprise systems. Insurance companies should evaluate their needs and select the solution that best fits their requirements.