Customer Success with IDP

Explore how companies like yours utilize Provectus’s IDP solution to reinvent document processing operations

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PSC Biotech automates processing of FDA forms with AI & IDP, to accelerate document processing operations, decrease costs, and increase throughput
Company Profile
A healthcare and life sciences consultancy operating in 52 countries
Industry
Biotechnology, Pharmaceutical R&D
Region
Global
Challenge
PSC Biotech aimed to enhance its document processing operations by automating processing of FDA Form 483 observations with AI. They wanted to optimize costs and mitigate risks of infractions made by employees.
Solution
Provectus designed and built a highly accurate ML model for classification of FDA forms. An end-to-end ML infrastructure with CI/CD pipelines and integrations for user-friendly document management was delivered.
Outcome
The Provectus solution has enabled PSC Biotech to cut the time spent on manual review of observations, optimize processing costs, and increase accuracy and throughput of document processing.
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Documents Processed
х10
from 704 to

7542 documents
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Time Saved
90%
from 1783 to

166 hours
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Cost Saved
44%
from $63K to

$36K
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ROI
93%
*here and below KPIs are calculated based on 12 month period
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Dynamo automates the classification of various investment portfolio documents with AI & IDP, and taps into data for insights, to enable advanced analytics
Company Profile
One of the leading cloud providers of investment management software
Industry
Software Development, Investment & Finance Services
Region
North America & EMEA
Challenge
Dynamo wanted to enhance its document platform for storage and classification of PDF and email data. They aimed to improve document classification, to be able to to make predictions based on a document's content.
Solution
Provectus developed Dynamo’s new infrastructure for document classification. EDA was conducted on datasets to build a baseline classification model. A pipeline for document classification was implemented.
Outcome
Provectus has delivered a new document classification solution for Dynamo in six weeks. Enabled by IDP, the solution returned a processing accuracy of 95%, which exceeded the requested threshold of 85%.
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Documents Processed
х6
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Time Saved
83%
from 300 to

500 hours
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Cost Saved
60%
from $85K to

$34K
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ROI
255%
*here and below KPIs are calculated based on 12 month period
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Forge reinvents document-centric operations with Generative AI & IDP, gaining the ability to process and generate corporate documentation, faster and at scale
Company Profile
A leading fintech company handling private market investments
Industry
Investment & Finance Services
Region
North America & Europe
Challenge
Forge wanted to minimize time spent on manual review and processing of documents. They aimed to use IDP to extract data from documents, while using GenAI to generate incorporation report spreadsheets.
Solution
Provectus’ IDP solution was employed as a foundation and a platform to handle the results of document processing and spreadsheet generation. GenAI was also used to process data from incorporation documents.
Outcome
Provectus has delivered the GenAI-powered IDP platform in four months, enabling Forge to rapidly extract data from corporate documents and build spreadsheets for simplified document review by managers.
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Documents Processed
х25
from 528 to

13200 documents
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Time Saved
96%
from 4766 to

199 hours
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Cost Saved
58%
from $225K to

$94K
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ROI
153%
*here and below KPIs are calculated based on 12 month period