IDP provider Datamatics launches TruCap+ Marketplace

With the launch of TruCap+ Marketplace, Datamatics continues to simplify and accelerate Intelligent Document Processing (IDP) for its TruCap+ customers with more than 50 ready-to-use document frameworks for enterprise automation.

Datamatics, an Intelligent Document Processing (IDP) provider, announced November 30 the launch of TruCap+ Marketplace for its TruCap+ IDP customers. According to Datamatics, the Marketplace was developed to provide its customers with a seamless and accelerated setup process, reducing time to automation by up to 70%.

TruCap+ Marketplace offers more than 50 ready-to-use document ontologies for various categories such as Know Your Customer (KYC), loan management, finance and accounting, tax processing, human resources, payroll processing, healthcare, banking and insurance. Customers then select the relevant ontologies that integrate smoothly with TruCap+ and can either be used directly or serve as a basis to customize them to their specific requirements.

Shashi Bhargava, EVP and Head Intelligent Automation at Datamatics, explained: “With multitude of structured, semi-structured and unstructured formats across industries, functions, processes and so on, TruCap+ Marketplace offers Datamatics customers’ ability to save time, cost and manpower ensuring a reduced total cost of ownership (TCO) and faster time-to-value. TruCap+ Marketplace further reinforces our commitment to simplifying and accelerating Intelligent Document Processing for our clients. By providing a diverse selection of pre-built ontologies, we are empowering enterprises to reduce set-up time significantly and achieve faster time-to-automation.”

This summer, Datamatics integrated Generative AI with TruCap+ to enable organizations with high volumes of data in industries such as BFSI, healthcare, pharma, manufacturing, and logistics to gain valuable insights in a cost-effective, efficient and accurate manner.

Headquartered in Edison, New Jersey, Datamatics’ portfolio spans across three pillars of digital technologies, digital operations, and digital experiences, enabling enterprises to increase productivity, customer experience and competitive advantage. Datamatics offers products for Intelligent Document Processing with TruCap+, Robotic Process Automation with TruBot, AI/ML models, Smart Workflows, Business Intelligence and more.

You can find the full press release here.

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