Document parsing, one of the most underrated leaps in AI

Over the past year, advancements in AI for document parsing have been nothing short of revolutionary. Traditional methods are now outdated, as new models redefine the standards. Implementing these models has been a game-changer for us.

The best example for this is the release of docowl 1.5:

• Article: https://medium.com/@simeon.emanuilov/mplug-docowl-1-5-a-leap-forward-in-ocr-free-document-understanding-255d6605dc67
• Huggingface playground: https://huggingface.co/spaces/mPLUG/DocOwl

Why is this relevant?

Enterprise data buries a significant amount in PDFs, stores it on hard drives, and in the cloud. Extracting and utilizing this data is crucial for taking the next step in automation.

What data can we parse now?

• Invoices
• Contracts
• Bills of quantities
• Safety data sheets
• Financial statements
• Purchase orders
• Shipping documents
• Medical records
• Technical manuals
• Legal briefs
• Research papers

What’s next after parsing?

At Franz, we’ve transformed the way you handle, interpret, and manage text documents with AI. We automate and enrich these documents using the latest models. This turns unstructured data into actionable insights. This automation generates reports and documents and integrates seamlessly into your existing systems.

Our mission is to free office workers from tedious and time-consuming text-oriented tasks. We use the newest AI tools and models to speed up processes. They let your team focus on more important and enjoyable tasks.

How we help:

• Speed and Cost Efficiency: Automate grunt work to be much faster and cheaper, freeing up your team’s time for more important tasks.
• Enhanced Accuracy: AI handles repetitive, detail-oriented work with greater precision.
• Employee Satisfaction: One of the most underrated leaps in AI, Removing boring, repetitive tasks lets your employees do more interesting and challenging work.
• Improve response time: We’ll improve response times. We will do this by automating support and information retrieval. This will improve both speed and quality of interactions.

Real-World applications:

• Support Emails: Structure, classify, and enrich support emails for faster responses and reduced workload for support staff.
• Safety Data Sheets (SDS): Generate up-to-date, user-friendly versions in multiple languages, significantly increasing safety and reducing risks.
• Ecommerce Search Relevance: Improve search and product relevance on ecommerce platforms, by better understanding products and user intent, leading to increased sales and customer satisfaction.

Let’s Talk:

Let AI do what computers do best—better, faster, and cheaper—so your team can focus on the fun part.

Come talk to us at Franz. We can help you unlock the full potential of your data, transforming your processes and boosting efficiency. Let’s revolutionize your document processing together! Reach out to us at hello@franz.be to get started on your journey to a more efficient and innovative future.