Monolens: Cloud-based printed character recognition system
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Monocept's Monolens is a cloud-based optical character recognition (OCR) tool that automates the conversion of printed documents into searchable text, aiming to eliminate manual data entry in the BFSI sector. Utilizing Microsoft Azure's computer vision APIs, Monolens ensures high accuracy and supports various Indian documents, allowing for easy integration with client systems. The solution enhances operational efficiency by freeing up resources for strategic activities while maintaining high document standards.
Monolens: Cloud-based printed character recognition system
- 2. Desired Outcomes The current process of transforming data on paper to electronic form comprises of manual processes: The maker process and The checker process. Monolens is a cloud based optical character recognition tool that converts high volume printed documents or forms into text searchable files. Monolens replaces the maker process of manually entering the form fields into the system with an intelligent solution using Computer Vision APIs of Microsoft. Challenges Solution BFSI Industry: Conversion of data on paper to electronic form Banks, insurance companies and others in BFSI captures primary data as paper documents that need to be converted into electronic form. The existing process includes manual labor and Monolens seeks to remove the human intervention.
- 3. Monocept Monolens Monolens is designed to replace manual maker process with a cloud-based system. It allows manpower engaged in the maker process to be engaged in top-line activities like business development. Monolens Monolens provides high-performing, precise results. Accuracy of Monolens is tested upto 100% for printed forms. Accuracy with High-performance The following Indian documents are supported: PAN, Voter ID, Aadhaar card, Bank cheques, Passport, Driving license, NACH form, NEFT form, Bank statement, Hospital claim forms, Medical bills, Form 16 and 26A, etc. Various types of documents supported A cloud-based character recognition system that converts high volume printed documents or forms into text searchable files
- 4. MONOCEPT Monolens + Microsoft Azure Monolens, using MS Azure cognitive services, can easily integrate itself with the client’s system while providing high-performing, accurate results Easy integration Using the Computer Vision API, Monolens can generate a high-quality storage-efficient image, and modify it to best suit the client’s need for size, shape, and style. Generating high-quality images Monolens uses MS Azure Computer Vision APIs to detect text, extract words into machine- readable character streams. Thus, you can save time and effort by reducing human intervention. Microsoft Azure based solution Monolens is a cloud-based character recognition system that uses Microsoft Azure Cognitive services like Computer vision API etc. Using MS Vision API, Monolens extracts information from uploaded documents to categorize and process visual data and perform machine-assisted modification.
- 5. Customer success: Max Life Insurance For Max life, Monolens supports the following documents: Aadhaar card - front and back, Indian Voter ID - front and back, Pan card, Bank cheque, Indian passport - front and back Indian Driving license - front and back, Bank statement, ITR V, Form 26/AS, NACH form. Type of documents supported Monolens also validates the specified document type keeping the minimum document standards such as scan resolution, rotated/skewed images. Keeps document standards Monolens returns the extracted values basis the API call in an agreed format/manner which will be used to fill the respective fields in the user journey. APIs for business application Max life Insurance wanted an OCR service for reading and extracting the information written in scanned documents received from the customer and return the extracted values.
- 6. Schedule a demo now! Contact: roop@monocept.com
Editor's Notes
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