WiseACORD
Acord forms OCR
WiseACORD – a turnkey solution for automated Acord forms processing!
The Acord form was first issued in 1971 and later became the standard for insurance company certificates. With the development of digital technologies, this form became available in various electronic formats for downloading and is actively used for doing business in different industries. However, if companies do not have special software for Acord standards installed on their computers, it is impossible to maintain documentation electronically. It takes a lot of time to fill out paper forms, which increases labor costs.
Together with WiseACORD, WiseTREND developed unique software to automate Acord. Using modern Data Capture and ABBYY AI technologies for acord ocr made important information available:- Insurance policy.
- Insurance coverage type.
- Limit.
- Term of the contract.
- As well as other points related to the execution of the ACORD documents necessary for business.
ABBYY
FlexiCapture & WiseACORD
How it works
ACORD FORMS OCR software quickly recognizes documents in any language and aligns images, ensuring the accuracy of the resulting data. It can create, edit and scan documents. By aligning, the software makes unreadable text to be readable. It prevents inaccurate information.
Name.The main task of the software was to extract values from documents and forms, saving them in the selected format. For example, on the Workers’ Compensation form, the software reads fields that have labels such as:- Phone numbe
- ID
- Tracking number