IDP provider Ocrolus introduces a new machine-only offering

With Instant, the Intelligent Document Processing (IDP) provider introduces a new machine-only offering within its document automation solution that helps small business lenders save time and money with an all-in-one solution.

Ocrolus, an AI-driven document automation platform accelerating the digital lending ecosystem, announced August 22 Instant, a machine-only offering within its document automation solution designed for small business lenders facing increased pressure to reduce cost and increase speed.

With Instant, Ocrolus offers a machine-only offering that leverages its AI-driven automation technology to provide an unbundled, machine-only solution. The standalone solution can be used for documents such as bank statements, W2s and tax forms.

Instant enables small business lenders to reduce costs through machine-only document and data processing, increase funded deals through an automated process, decrease credit risk thanks to more accurate data, and increase efficiency with a single solution for all document automation and data processing needs.

In May, the IDP provider announced that it had experienced record growth, adding 20 new customers in 45 days. Ocrolus attributed its growth to lenders investing in automation to prepare and enable scalability for an eventual market upturn.

Headquartered in New York, Ocrolus provides an AI-driven document automation platform (Intelligent Document Processing) that powers the digital lending ecosystem and streamlines credit decisions across small business, mortgage and consumer lending. By empowering lenders to automate financial analysis, Ocrolus helps borrowers access credit faster and on better terms.

You can find the full press release here.

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