Two leaders from Quantiphi, an award-winning AI-first digital engineering company, took to the stage at Unqork Create 2022 to discuss the power of AI-driven document processing—and how Codeless as a Service (CaaS) makes it far easier to effectively implement it.
Quantiphi’s Vikas Sachdeva, Global Head of Advisory Services, FSI, and Srilekha Kundu, Practice Leader, FSI, discussed the launch of Dociphi—the AI-driven document processing platform from Quantiphi—in the Unqork Marketplace.
“Based on our experience with our customers, we have been able to reduce document processing time between 50 and 70%. And there has been a reduction in operational costs of around 30%.”
—Srilekha Kundu, Practice Leader, FSI, Quantiphi
For insurers, AI-drive document processing has enormous potential to drive automation across underwriting processes, said Sachdeva. By doing so, they can:
- Dramatically speed underwriting processes
- Improve customer experiences
- Eliminate manual errors
- Significantly reduce administration costs
However, it has been challenging for insurers to embed AI into their underwriting and other core business processes effectively.
“To unleash the power of data and AI, we need to think about business processes first,” said Sachdeva. “And that's where Unqork comes into the picture.”
Dociphi sits completely on Unqork’s CaaS platform, which means it can be fully orchestrated in any kind of organization, regardless of how complex business processes and workflows may be.
“Based on our experience with our customers, we have been able to reduce document processing time between 50 and 70%. And there has been a reduction in operational costs of around 30%,” said Kundu.
Read more about Dociphi’s Unqork Marketplace offering.