We have explored and used various tools to automate this process. The following are details of the tools used, and highlights of the project.
UiPath Taxonomy Manager (Process Contracts)
UiPath is another leading RPA vendor, providing a complete software platform to help organizations efficiently automate business processes. The UiPath Taxonomy Manager is a document type manager which is used to categorize the documents.
Digitize Document is a prebuilt activity in UiPath which is part of UiPath Intelligent OCR Activities. This pre-built activity can be used to extract data from the Taxonomy Manager by digitizing the document and creating a template. The Position-Based Extractor can be used to define Data Extraction Scope to extract specific content from a document. In this use case, we decided to use UiPath’s AI-based document processing engine.