Automating Box with Ephesoft
As we prepare for our next BoxWorks event, I wanted to point out the advantages and key use cases for Ephesoft Technology when coupled with Box. There are 3 essential questions you need to ask yourself when working with Box at a strategic level:
- How do I add content and associated metadata with the least amount of effort?
- How can I find the content I need quickly and easily?
- How do I glean value from the dark data that lies within my repository?
In the following sections, I will outline how Ephesoft addresses each of these key questions, and can provide enormous value to any Box repository.
Using Intelligent Capture to Add Content to Box
At its most basic level, Ephesoft Transact is an onramp for adding documents to Box. You can ingest from the following sources:
- Scanners (Browser-based scanning)
- MFPs/Copiers
- Network Folders
- Email (Body and Attachments)
- Mobile (Through our SDK and App)
- Legacy ECM systems (CMIS import)
- Custom code (RESTful Web Service)
Import from a variety of sources is just the first step. Once imported, documents pass through our supervised machine learning engine and are classified, followed by the application of your data extraction rules. This extracted data is mapped to Box metadata fields/attributes. Along with our application, macro- and microservices are also available for a broad variety of functions, which can be accessed through code in Box or other applications.
Document Metadata in Box
Enhancing Search with OCR and Metadata
Ephesoft Transact can provide Optical Character Recognition (OCR) for Box along with providing the converted text in a number of ways:
- All documents from an Ephesoft process are full text, searchable PDFs.
- Extracted metadata to Box metadata mapping
Enhancing Box Search Capabilities with Searchable PDFs
Adding searchable attributes, along with providing a searchable PDF from image, allows broad flexibility in search, and insures you can find exactly what you need. To go a little deeper, Ephesoft has extensive data extraction features that can service a number of unique use cases. Here are some examples:
- Line item extraction for AP Invoice processing
- Paragraph extraction for contracts processing
- Cross section extraction for financial statements
- Signature detection for any signed document
This extraction capability allows Ephesoft to be leveraged beyond just the repository, and it can be a solution for complex data extraction needs.
Unstructured to Structured: Harvesting Data from Large Volumes of Documents
It is estimated that over 80% of the data in an organization is unstructured, and this inaccessible data can create big problems for any size business. It is estimated that poor data and lack of structure can cost a business 20-30% of their operating revenue (FATHOM – “Big Data” Facts and Statistics That Will Shock You). Once Ephesoft transforms your unstructured data, users can now uncover the data to help decision-makers worldwide. Having searchable data at your fingertips can allow entities to:
- GDPR Discovery
- Anti-money Laundering and Fraud Detection
- Know Your Customer (KYC) Analysis
- Contract Analysis
- Capitalize on rebates and supplier discounts
- Accurate, fast reporting
In summary, Ephesoft’s platform reduces labor and manual data entry, improves efficiency and productivity, and transforms your unstructured data. When integrated into Box, the sky is the limit when you use our platform to enhance your document workflows and analyze your content.
Ephesoft is an exhibitor at BoxWorks this week. Stop by Kiosk B8 for more information and an overview of our solutions.
