What Is Intelligent Document Processing?
AI technology that reads, understands, and extracts data from documents (invoices, contracts, forms) regardless of format or layout.
Intelligent Document Processing Explained
Intelligent document processing (IDP) uses AI to extract structured data from unstructured documents. Unlike OCR (optical character recognition) which simply converts images to text, IDP understands what the text means and where it belongs in your system.
Feed IDP an invoice and it extracts the vendor name, amount, line items, due date, and PO number, then maps them to the correct fields in your accounting system. Feed it a contract and it extracts key terms, dates, obligations, and renewal clauses.
The technology combines OCR, natural language processing, and machine learning. It handles variation in document formats, which is the critical difference from template-based extraction. Invoice from Vendor A looks completely different from Vendor B, but IDP processes both correctly.
Industries with high document volume (healthcare, legal, financial services, insurance) see the biggest impact. A medical practice processing 500 insurance claims per week can reduce processing time by 80% with IDP.
Why Intelligent Document Processing Matters
Manual document processing costs $5 to $25 per document when you factor in labor time and error correction. IDP reduces this to $0.50 to $2 per document while improving accuracy from 85% (human) to 95%+ (AI). For high-volume operations, the savings are substantial.
Related Terms
AI Automation
Using artificial intelligence to handle repetitive business tasks automatically, reducing costs by 30-40% while improving response times.
RPA vs. AI Agents
RPA (Robotic Process Automation) mimics human clicks on screens. AI agents understand goals, make decisions, and adapt to changing conditions.
Process Optimization
Analyzing and improving business processes to increase efficiency, reduce costs, and eliminate waste, often combined with AI automation.
How Attainment Helps
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Frequently Asked Questions
What types of documents can IDP process?
Invoices, receipts, purchase orders, contracts, insurance claims, medical records, loan applications, tax forms, shipping documents, and any structured or semi-structured document. The AI learns new document types with as few as 20-50 training examples.
How accurate is intelligent document processing?
Modern IDP achieves 90-98% accuracy depending on document quality and complexity. Simple invoices hit 95%+. Complex multi-page contracts with handwriting achieve 85-90%. Human review is still recommended for high-stakes documents, but the review time drops dramatically.
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