iKAN Software have many years experience in the Document and Data Capture industry. We are constantly reviewing and researching new areas that we can apply our technology and solutions.
We worked with an Oil and Gas company, looking in detail at Division Orders (also known as Division of Interest) and the current methods of processing. We created a solution that captures, verifies and exports the complex relational data found on these legal documents. Using Machine Learning, iKAN can decrease the workload related to matching Owner information (a huge problem since owners can be known or unknown) – the system will learn from user input and apply that going forward.
We have seen a reduction in time taken to extract Interest information (“tables”) and owner matching from days down to hours.
We also have a Natural Languauge Processing soltion (“NLP”), for extracting data from the legal terms attached to Division Orders.
You can read all about our Solution and Download the White Paper from here – https://ikansoftware.com/solutions-2/divison-order-2/