Rossum, the pioneer of cloud-native intelligent document processing (IDP), announced increased customer engagement with key companies in the manufacturing and industrial sectors, including BUS Industrial Tools, Michlin Metals and EvoLogics GmbH. Rossum’s software helps transform manufacturing and supply chain operations by automating document processing to dramatically streamline operations.
The ongoing pressure to optimize operations by focusing on cost, quality and delivery of goods is a constant concern for manufacturing and industrial supply chain companies. From planning and sourcing of raw materials to manufacturing, delivery and returns, automating document processing helps eliminate downsides like supply chain bottlenecks and limited inventory. Rossum addresses these challenges by accurately extracting data from documents, reducing man-hours spent on manual data entry, and streamlining workflow automation.
“Speed and efficiency are never taken for granted,” says Michael Bennett, Director of Business Development at Michlin Metals. “With IDP, Michlin was not only able to process more invoices, but also with increased accuracy and scalability. In addition, Michlin has integrated Rossum into its material receipt process, which allows the company to validate certain aspects of the material in relation to customer requirements – thereby increasing quality and scalability.”
Rossum offers a high level of accuracy in data extraction as it aggregates forms and PDF knowledge from existing customers. The company’s AI capabilities leverage the collective work of clients, acting like a crowdsourced document repository, all delivered in a SaaS model. Because of this, companies like EvoLogics have been able to reduce the overall document processing time by 75%, with multiple data checks performed in the pre-processing phase to ensure the higher quality of the data output. The company also used Rossum to build a database that is searchable across all accounting activity, invoices and vendor data.
“We’re bringing IDP to new industries.” Many industries still over-rely on manual-based tasks that are counterproductive and costly,” says Tomas Gogar, CEO of Rossum. “By implementing an IDP solution, forward-thinking companies can increase operational excellence, meet customer demand, and save time and resources that can be directed elsewhere.”