Automated Document Processing (ADP)

CargoDocs ADP

CargoDocs Automated Document Processing (ADP) combines Optical Character Recognition (OCR) technology with Natural Language Processing (NLP) and Supervised Machine Learning to capture and structure data retrieved from paper-based trade documentation.

The solution also has powerful engines that allow significant automation of: (i) document content correlation validation; (ii) document checking; (iii) compliance and trade based money-laundering checking – for both paper and electronic documents.

As such, CargoDocs ADP enables banks to increase efficiency and reduce operational & reputational risks when processing trade documents.

Specifically designed by Trade Finance experts, CargoDocs ADP offers another key step to paperless trade.

Key Features

• Manage required compliance checks and data validation through a single solution, irrespective whether data originates from paper or electronic documents
• Auto-Classify received documents at unprecedented speed 
• Automatically extract data from documents with user supervised and machine based learning 
• Generate reports for cross-document mismatch & document v LC transactions and Rules
• Receive data and reports back via automated processes to enable automation of compliance checks
• Validate consistency of data between documents with supervised (machine) learning of document-matching rules to create pre-match report
• Validate data against LC terms with supervised (machine) learning of doc-matching rules
• Automate trade-based money laundering checks (AML), sanctions checks and more (e.g. Utilising Business Intelligence (BI) to spot transaction deviations)
• Gradually automate doc-checking using supervised Rule Engine to compare data with business logics, internal policies/procedures, UCP600, interpreting LC terms, etc. 

Workflow

Benefits

• Streamlines / automates required checks for key trade processes such as (e)Presentations
• Ability to use with all your customers, even those that are not CargoDocs users yet
• Option to commence checks in advance of arrival of paper originals (e.g. pre-checking of documents)
• Significant resource saving in processes involving data reentry, compliance and checking
• Ability to significantly automate paper-heavy processes
• Stepping stone to a fully-digitized trade finance solution, future-proofing your business by combining readily available tools with intelligent automation technology (Natural Language Processing / AI etc.)

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