There are multiple issues faced by Invoice management Systems / workflow providers dealing with the data capture from documents/images. To some extend these are solved by OCR software which in turn introduces bottlenecks in the work flow. These problems have to do with accuracy of the data captured, lack of flexibility and scaling of the system.
Most of these companies cannot afford or does not make business sense to develop a system to address these issues since their core expertise is in work flow management.
Netspurt is providing a solution to bridge this gap. Our system will capture data from different sources and feed information accurately to multiple downstream applications in required format. The above providers can easily integrate to our system with zero or minimal capital expenditure since the application is delivered as a SaaS. This solution will be offered in a subscription model.
Our core competency will be to UNDERSTAND and CAPTURE the data from different kind of invoices ACCURATELY and in a SCALABLE manner.
We have the working prototype of the Netspurt system ready. We are actively working on the beta release of the system.
This system is designed in such a way that it can be enhanced to process/ understand any kind of documents and retrieve the data. This solution can potentially be applied to many different business domains where document [image] processing /data capture involved in the work flow.