Vertikal Saves $20K in Annual Outsourcing Costs With Automated COI Verification Workflow
Learn how this risk management platform settles insurance claims 2x faster by going beyond legacy OCR and an outsourced data entry team with automated ACORD form capture.
Impact Achieved
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“The OCR tool we used before had several issues accurately capturing data for edge cases, such as inclusions and exclusions across the ACORD forms. Docsumo helped us solve this complexity and share the desired output without breaking a sweat.”
What You’ll Find in the eBook
2-Fold Challenges
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Operating with a legacy OCR tool, which provided results with a 30-40% accuracy rate
A team of outsourced agents manually captures data from 10k+ ACORD 25 and 28 forms monthly, spending 45 minutes per form.
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What They Achieved with Document AI
Extracting key-value pairs from ACORD forms and classifying inclusions and exclusions in endorsements with a 99.13% accuracy rate
Reducing letter processing time to 65 seconds
How Docsumo Works
See how Vertikal leveraged the Document AI platform to automate the COI verification workflow
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