How It Works
The SimplyFI Intelligent Process Automation platform performs sensitive and confidential documentation digitization, analysis and resolution faster while reducing incidence of human error.
01
Application Integration
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Tailored to your specific solution requirements and workflow, SimplyFI identifies relevant application end-points and supports both batch and real-time processing of documents.
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Easily integrates with core banking, trade finance platforms, supply chain management software and other specialized industry workflow systems
02
Digitization
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Advanced machine vision converts non-digitized documents into machine-readable format via Optical Character Recognition (OCR) and extracts data entities from scanned documents.
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Advanced machine learning algorithms analyze text and rapidly classify documents into document categories specific to your industry solution.
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Relevant entities extracted from (un)structured documents, categorized and contextualized for further processing.
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Confidence score calculated for each extracted entity.
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Continuous learning enhances speed and accuracy.
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Original document scans retained for audit trail.
03
Scrutiny
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Automated document screening reduces fraud and sanction risks, while improving compliance.
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Advanced cognitive automation validates extracted entities against LC terms and conditions.
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Our AI engine adheres to ISBP Publications including ISBP 745, UCP 600, URC 522 and URR 725 uniform rules.
04
Validation
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AI engine checks for duplications and errors that might slow or reject transaction processing.
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Revalidation step verifies entities across all documents specific to transaction to optimize accuracy.
05
Transaction Complete
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Decision making processes are simplified and continuously learn from user actions.
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SimplyFI AI engine generates post analysis report.
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High volume transactions processed more rapidly with greater accuracy and reduced human error.
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All original document inputs preserved for auditing needs.