ClearDox Spectrum – Intelligent Document Processing (IDP) for Commodities Operations

I recently had the opportunity to visit with long-time industry veteran Rick Nelson who is now CEO at ClearDox, a US-based provider of intelligent document processing (IDP) solutions. Rick joined the firm almost a year ago and, with his deep experience in the energy and commodities space, has been leading the company’s push into those markets. As explained by Rick, the company’s ClearDox Spectrum solution helps their clients fully digitalize their businesses by providing the ability to read, consume and translate spreadsheet data, computer generated (digital) documents, handwritten documents, and hybrid documents (those that include handwritten and digitally produced data), and then enrich & integrate that data across their systems.  The solution is available as either hosted (in any cloud) or on-premises. And as with most digitalization efforts, the value proposition for using the ClearDox solution is improved processes efficiencies, reduction in costs associated with man-handling documents, and acceleration of business processes and decision making. This is made possible by rapidly and accurately capturing the myriad of data contained in documents that might have otherwise taken hours or days to manually input (with the attendant “fat finger” errors that inevitably occurs). Though document digitization has been widely adopted in industries… continue reading

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