Unlock the Power of AI for LockBox Services.

Streamline invoice processing, enhance payment validation, and expedite payment processing with Vaultedge's Generative AI & LLM.

Request a Demo

Try our Free Web-App

Used by the
Leading companies

THE LOCKBOX CHALLENGE

Transforming Payment Processing

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.

LLM-Powered Revolution in LockBox Services

Vaultedge brings a transformative approach to property and casualty insurance, blending AI and human expertise for intelligent document processing and insightful automation. Experience the fusion of Generative AI & LLM, delivering unparalleled understanding and interpretation of diverse documents.

Invoices

Payment Instructions

Ready for All Your LockBox Documents

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.

AI that understands complex documents - like a human.

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.

Private LLM for your documents - minus the data risks.

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.

Single solution for end-to-end Document Processing Automation.

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.

Customizable. Scalable. Zero hassle integration.

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.

Watch Demo

Frequently Asked Questions

How does Vaultedge enhance the efficiency of lockbox services?

Vaultedge Document AI streamlines the processing of invoices and payment instructions by leveraging generative AI & LLM. This eliminates manual reviews, automates validation, and ensures faster payment processing, leading to reduced operational costs and improved customer satisfaction.

Can Vaultedge integrate seamlessly with existing banking systems?

Absolutely. Vaultedge is designed to integrate seamlessly through APIs, allowing banks to incorporate it into any existing workflow. This ensures a smooth and efficient process without disrupting current operations.

How does Vaultedge ensure data security, especially with sensitive payment information?

Vaultedge operates securely within organizations' firewalls and is compliant with AICPA SOC standards. It prioritizes data protection and compliance, ensuring that all processed data remains confidential and secure. Additionally, Vaultedge's generative AI operates without retaining specific data, further enhancing data security.

What sets Vaultedge's approach to processing invoices and payment instructions apart from traditional methods?

Vaultedge employs advanced LLM models and generative AI to comprehend, extract, and validate pivotal data from invoices and payment instructions. This ensures accurate interpretation, validation, and routing of payments, setting it apart from traditional manual methods and basic automation tools.

How does Vaultedge handle non-standard and varied payment instructions?

Vaultedge's AI-driven platform is adept at processing diverse and non-standard payment instructions. It validates and processes each instruction meticulously, ensuring accurate routing and depositing, even for complex and varied documents.

Can Vaultedge scale to handle large volumes of invoices and payment instructions?

Yes, Vaultedge is designed to scale efficiently. It can handle large volumes of documents and learns and improves progressively with every interaction. This ensures consistent performance, even with increased volumes, and allows banks to grow their lockbox services without scaling costs proportionally.

How does Vaultedge's generative AI differ from other AI solutions in the market?

Vaultedge's generative AI, combined with LLM, offers a human-like understanding of documents. It goes beyond basic pattern recognition, understanding context, and nuances in documents. This ensures higher accuracy and reliability compared to traditional AI solutions.

" We used Vaultedge to automate the indexing of loan documents that we receive from all our lender partners, amounting to more than a million documents every month. This enabled us to move 70% of people from Document Recognition to other processes."

Michael Kittyle

CIO, BSI Financial Services

Read the Casestudy