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Inovatec Systems Corporation introduces new OCR (optical character recognition) feature within its Javelin platform
Automatic document indexing will drastically increase transaction accuracy and speed for financial institutions
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BURNABY, BC (January 25, 2021) - Inovatec Systems Corp., a provider of industry-leading, cloud-based software solutions for all financial institutions, announced today its JAVELIN platform now offers OCR (Optical Character Recognition) for automatic document indexing and sorting. The OCR technology uses custom-built AI machine-learning to allow financial institutions and lenders to sort incoming documents at any hour. The OCR function will save approximately three to five minutes of manual sort time per transaction with accuracy while maintaining current funding processes. For lenders processing thousands of loans at any given time, the OCR feature saves significantly on valuable working hours.