Businesses are prepared to transform their operations with effective document automation solutions as the scenarios for global business change, and the technological ecosystem undergoes a paradigm leap with the advent of AI. This will set the bar for swift automation of routine processes involving invoicing, credit, and payment functions. Catering to this domain - AIBridge ML Pvt Ltd introduced the AiMunshi application. We came across the startup at the Digital India Week 2022 in Gandhinagar.  

"Developed by AIBridge ML, AiMunshi is poised to serve as a robotics-enabled powerful platform for intelligent processing that fulfils the need to process and extract information in the desired format, irrespective of the document layout," said Srikanth Bhatlapenumarthy, Marketing Manager, AIBridge ML. 

The start 

Founded in February 2019 by the senior technology industry leaders, the startup aims to offer cutting-edge services to its customers around artificial intelligence, deep learning, and RPA with robust tools and proven processes.   

With the ability to handle hundreds of Invoices/Documents generated in a read-only format by the day, AiMunshi scans the financial data from documents and identifies patterns. Moreover, the startup claims to ensure 'no compromise' on the document layout as our product is capable of extracting only the relevant semantics after scanning them intelligently.  

Srikanth believes that the product also defines the confidence level of outputs that are indicated by the concerned matrix in real-time. It relies on data extraction and drives purpose-built and consistent workflow across functional teams that store and share the documents. 

The product and its benefits 

AiMunshi processes invoices and orders automatically, which lowers the cost of accounts payable while enhancing the accuracy and speed of data extraction from multiple sources or emails directly. It can instantly analyse the pertinent data and fields in emails, invoices, and orders that are image-based or PDF format. In 2020, the company added handwriting and image recognition capabilities to its tool. 

AiMunshi, the product from AIBridge ML, is an Enterprise Knowledge Management Tool which is developed at the intersection of artificial intelligence, machine learning, deep learning and NLP (Natural Language Processing). The product currently provides enterprise data extraction solutions and management under various use cases in its current release. Talking about the benefits, Srikanth outlines the following, 

• Human-like data extraction powered by AI, Deep Learning and NLP   
• Highly reliable with accuracy level up to 99.9%   
• Extracts from all documents, images and files  
• Source files from servers, FTPs, emails & ERPs  
• Output to all formats and destinations  
• Flexible, on-cloud, on-premise or hybrid  
• Integrated with ERPs, CRMs and Accounts Packages  
• Reporting & Audit Logs  
• Executive Dashboard  
• Self-correction Ability  
• Extendable to accommodate tailor-made solutions  

The tool comes in handy when it comes to sectors such as healthcare, retail, insurance, banking, education, media, entertainment, manufacturing, energy, pharmaceuticals, engineering, telecommunication, travel and hospitality.  

Additionally, the team has numerous other products, one of which is Fourth Eye - a multifunctional and multi-dimensional face recognition system built on Machine and Deep Learning. It can detect faces in any video stream in real-time, count people accurately, validate faces against a database of faces, notifies the user when matches are detected and provides informative statistical reports.  

"Built on a sophisticated AI algorithm, Fourth Eye supports all streams and has a user-friendly interface and lightning-fast processing, making the product ideal for Government and Enterprise security tasks. The Fourth Eye solution is a hybrid, available on-premise and SaaS, optimising any organisation's available resources," explained Srikanth. 

With the processing and transfer of data, the security of data is a big issue. Hence, talking about data security, Srikanth informed that all data in AiMunshi is secured with 128bit SSL encryption. Also, AIBridge ML is ISO 9001:2015 and ISO 27001:2013 certified, recognised for Information security and automated internal processes. Further, the infrastructure is managed by Cloudflare and is scaled independently.    

The road ahead 

"One of our major goals is to be recognised as TOP 10 AI Solution Leaders in the world," Srikanth. The startup aims to reach the point in a step-by-step manner. As a result, the company is looking to speed up the research and product development on AiMunshi, additions of AR and VR, build a Professional Service team for Support, and onboard 50-plus enterprise clients worldwide.  

"We're enabling enterprises to use data for decisions and forecasts. To further enrich our team, we are planning to hire over 100 data scientists worldwide," concluded Srikanth.