Accurate data capture from guarantor forms
Guarantor forms may include various pieces of information, depending on the type. Data pulled from these documents is essential in some recruitment processes or lease agreements. Due to the amount of information, getting all the data is time-consuming.
OCR for guarantor agreement and guarantor letter works on multiple languages, and comes with customization of fields you can extract.
You receive data that’s relevant to your business case, in a swift and accurate fashion. You can also set it up yourself – no need to hire or engage with development teams.
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Cutting-edge tech to work with your docs stack
Optical character recognition converts images, such as photos or scans, into machine-encoded text. The model handles low-quality so worry not about multilingual symbols, poor image quality, and stains.
The core feature of our technology is the powerful data extraction component. With AI and ML at its core, entity extraction understands the context of data fields. You can also customize the fields you’d like to extract.
Based on the contents and layout of the doc, the platform automatically labels the incoming files and sorts them. The first segmentation requires no manual work.
Connect Alphamoon with your stack through API or via Zapier. Add a database like Google Drive or OneDrive to source new documents straight to the document automation tool.
Have questions about the product? Read the most common ones, or head to the full FAQ below.
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What processes can I improve thanks to guarantor forms OCR automation?
Many people need a loan at some point in life, but hindrances like poor credit affect their ability to get a formal loan. Often friends or family members step in as guarantors to support, and banks and lending agencies ensure the legality of the entire process. This is also the case of lease agreements, where guarantor letters and forms can be used to secure the property owner in case of growing debt on the tenant’s side. Guarantor forms are also present in recruitment processes, where hiring agencies or companies need additional level of security when vealidating candidate’s application and experience.
What formats can I process in Alphamoon?
The platform supports common file types, including PDF, DOCX, XLSX, PNG, JPG, TIFF, and emails. After data extraction, data appears in a file, ready to be downloaded as CSV or XLSX or safely imported into the internal processing system of your choice through API or Zapier.
What kind of data can be read from guarantor forms?
Guarantor forms vary across countries, meaning you’ll have to adjust the data you want to extract depending on where you’re from. However, some information stays universal throughout, such as names and contact information, loan/debt details like the amount and the purpose of the loan, date, and signatures naturally, as well as terms and conditions. Some guarantor’s receipts may include a section specifying the conditions under which the guarantor’s responsibility will be terminated, such as when the loan is fully repaid or when specific requirements are met, i.e., termination clause. Alphamoon’s technology is designed to handle these unqiue needs, so you can adjust the fields you wish to pull from your documents.
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