We reduced our processing time overall, by 70%. That is a savings of almost 90 hours per month in processing time.
The problem at this Midwestern company was not an uncommon one. The business, having expanded rapidly over a short period of time, was experiencing the same growth problems as other companies their size. Hard working and talented personnel were beings pushed to the brink in daily task, due to the multi-tasking which many companies implement today.
Through many discussions, they determined they needed a system that would not only reduce the amount of human hours to extract the data, but it also needed to automatically write that information into their back office systems. Their main repository for financial information was Yardi and scanned images would be placed in their document management software.
The requested extraction of data was accomplished by PSIGEN via the classification and table extraction technologies in PSIcapture. These pieces allowed for a single person to handle the workload of extracting data and having that information written to the Yardi and document management systems with a push of a button.