iKAN Software have a proven solution utilized by a leading Houston based energy company that reduced their processing time for a single division order from days down to minutes.
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How it Works
Using a combination of cutting edge Intelligent OCR capture technology and machine learning for matching the royalty owners from your internal system. Benefitting from the huge reduction in processing time and cost, our customer also saw a huge increase in the accuracy of the data captured from the division orders compared to the manual keying method. The solution dynamically locates and reads all royalty, mineral and working interest amounts and owners. The system matches and learns from your data and the interactions and corrections of your staff. Once all owners are matched and all data is verified the data is returned in a format easily consumed by your internal land systems.
https://www.youtube.com/watch?time_continue=5&v=svDStJKzrcQ
The solution can be implemented on-premise and is also available in the cloud as a monthly, low cost solution. A cloud implementation removes the headache of a lengthy implementation project and large upfront costs.
Features
- On-premise and cloud availability
- Rapid character capture – thousands per minute
- Simple and intuitive matching tool
- Accurate, easy-to-read tabular results
Benefits
- Reduced document to internal record matching time
- Identifies and saves new user data
- Removed human error in keying/matching
- Increased staff productivity and output