Used by the
- Complex Workflow: Banks are tasked with efficiently retrieving payments sent to designated post office boxes, processing them, and ensuring timely deposits into the company's account.
- Manual Review Bottleneck: The manual review of invoices and payment instructions often leads to delays and errors, impacting the overall efficiency of the lockbox service.
- Customer Expectations: In today's fast-paced banking environment, customers expect swift and accurate payment processing, making it imperative for banks to optimize their lockbox operations.
Vaultedge is proficiently equipped to process and analyze a diverse range of documents crucial for lockbox services. The platform ensures meticulous data extraction and interpretation from every document, promising accuracy and reliability in every step of the payment process.
How it Works
With Vaultedge, transform lockbox services to be more efficient and accurate, leveraging AI & Human in the loop for optimal results.
Vaultedge uses machine learning, generative AI & LLM models to understand non-standard documents, extract data and generate decisioning insights - like a human expert at work.
With Vaultedge Generative AI solution - ask questions off your documents, get instant human like answers with detailed explanations.It’s like GPT for your documents - minus hallucination or data risks of Public ChatGPT.
With Vaultedge ingest documents from multiple sources, classify them accurately, spot errors, extract & validate data using LLM models - all at one place.
Arrive at underwrite & claim decisioning without back & forth hassle.
Vaultedge is a workflow based solution that integrates with your record management systems to automatically key in data - once flagged exceptions are resolved.
Vaultedge can be deployed quickly and scaled easily to handle millions of documents per day - as it learns progressively with usage.
Discover the Vaultedge Difference in Life Insurance Underwriting Today