Compare Docugami vs. Instabase

Document engineering provides immediate benefits to business users right from the start, eliminating the need for extensive investments in machine learning, extensive employee training, or significant IT development. It allows for the analysis of agreements to identify potential risks, pricing structures, and contractual obligations. By doing so, organizations can prevent costly penalties and escalated fees that result from delays. This approach enables the conversion of carrier plans into usable data, allowing brokers to concentrate on sales rather than data entry tasks. Additionally, it helps reduce expenses while enhancing quality compared to relying on temporary staffing solutions year after year. Thoroughly examining your Master Service Agreements and Statements of Work reveals deliverables, pricing structures, liabilities, and legal risks, mitigating the chance of unexpected costs. It also streamlines the diligence process during transactions, helping to pinpoint price discrepancies, renewal timelines, sub-lease options, and tax complications across entire portfolios. Compliance with tax regulations becomes easier, rents can be optimized, and unnecessary fees can be avoided. By unlocking the data embedded in your unique documents, productivity, compliance, and insights can be significantly enhanced. Moreover, re-papering outdated licenses ensures adherence to new regulatory standards and customer demands, while guaranteeing that quality reviews and documentation are meticulously maintained for future reference. Ultimately, this comprehensive approach empowers organizations to navigate complex documentation with confidence and clarity.

Enterprises need to have the right insights to make informed decisions and serve customers. This is why silos are so common in large volumes of data, including invoices, physical contracts, applications, as well as other data. 80% of enterprise data is still unstructured and traditional methods have not been able to move the needle towards automation. This information can be used to transform the customer journey, from loan application through onboarding. Imagine if you could automatically analyze the unstructured data that entered your organization, including emails, statements, customer data, and contracts. Instabase powers solutions that drive revenue across all industries, including banking and insurance as well as healthcare and federal government. You can swap between the best deep learning models available from Instabase and the marketplace; you can also host and manage third-party models on the platform. Transform the cost base and revolutionize how you serve customers.