AI-based automation of backoffice processes
Hypatos has built a Natural Language Understanding engine that can read semi-structured documents (i.e.: invoices, receipts, medical prescriptions, payslips or bank statements among others). This approached serves as the basis of what is known today as Cognitive Robotic Process Automation, which enables the straight-through processing of these documents in various backoffice processes large companies. From accounts payable in any industry to mortgage loan issuance or insurance claims, many sectors are still burdened by error-prone manual work that state-of-the-art artificial intelligence powered by Hypatos is now able to automate.