Post on 15-Apr-2017
CIGNEX Datamatics Confidential www.cignex.com
Open Source Enterprise Integrated Document Capture (EIDC) and ECM Solution for Financial Sector
Version/Date: Nov’15
Om Prakash Mishra omprakash.mishra@cignex.com ECM Expert at CIGNEX Datamatics
Michael Smith michael.smith@ephesoft.com Senior Account Manager at Ephesoft
CIGNEX Datamatics Confidential www.cignex.com
• Open Source Today
• ECM Dynamics
• Ephesoft and Alfresco based EIDC
– Architecture
– Features
– Application Areas
• Document Capture Dynamics
• Ephesoft Case Studies & Use Cases
• Why Ephesoft?
• About CIGNEX Datamatics
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Agenda
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Open Source Today
Open Source Solutions
Intranet, Extranet
Social Networking
Web and Enterprise Content, Document Capture
Enterprise Search
Business Insights & Analytics
Business Applications
Communities
Content Search
Insights
Complex Apps Sites
Open Source Enterprise Applications
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ECM Dynamics
Trends Hybrid ECM Solutions Content Application Integration with Business Applications Mobility Governance
Challenges Overflowing File Servers Difficult to Find Content Risk of Information Leaks Information Silos across Solutions
Priorities Risk Management Process Transformation User Engagement Content Analytics
Source: 1) The Future of Enterprise Content Management : Five ECM Trends in 2014 by IDC 2) From InfoChaos to Information Opportunity - AIIM14 Report
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ECM Should Support
Multi-Channel Business Solutions Collaboration
Enterprise Search Scalable Storage Digitization
Security Non-Functional
Unified, Organized Content Store
Support
Performance, Speed,
Multi-User, Global
Search, Google-like,
Retrieve, Multi-Source
Approval, Notification,
Push-Pull, Conversion,
Grouping, Authoring
DM, Contracts, DAM,
WCM, BPM, RM, LMS,
Integration etc..
Paper, Electronic
Security, Role-based
Access, Encryption
Consolidation,
Support,
Maintenance
Data/Content,
Versioning, Classification
Storage, Disk, Volume,
Archival, Backup, Retention
User Experience, Anywhere, Any Device
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Web 2.0 Enterprise 2.0
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ECM Lifecycle - Landscape of Engagement
Store
Workflow, BPM
Collaboration Document Management
Web Content Manage ment
Records Management
Manage
Preserve
Deliver Capture
Store
Workflow, BPM
Collaboration Document Management
Web Content Management
Records Management
Capture Deliver
Manage
Preserve
Social Business
Multi-Channel Publishing
Multi-device Mobility
Cloud, SaaS &
Ubiquitous
Enterprise Search
Analytics (BigData, BI)
Automation Auto-
Classification
Enterprise Content Management (ECM)
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Alfresco – Open Source ECM
What is Alfresco?
Alfresco is the open-platform for business-critical content management and collaboration that allows you to work anywhere, on any device, with your choice of apps
business critical content platform
tablet & mobile workplace
open standard API for content apps
in the cloud multi-tenant SaaS
on-premise full ECM platform
or both enterprise cloud sync
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Enterprise Integrated Document Capture (EIDC)
Ephesoft & Alfresco Integration Solution
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• The Document Dependency
– Financial, Insurance and Banking industry relies heavily on documents
• Client data, Tax documents, Contracts, Invoices, HR records, Policies, Insurance, Investments
• Controlling IT Costs
– Costs associated with application software, inter-operability, licensing, upgrades, maintenance
• Regulatory & Compliance Requirements
– Business Processes/Workflow
• Collaboration
– Cross-departmental and multi-agency collaboration
• Automation
– Automate Forms Processing and Validation
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Need for EIDC in Financial Sector
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Enterprise Integrated Document Capture (EIDC)
Document Tracking
Document Ingestion
Automatic Sorting
Automatic Data Extraction
Delivery System
Alfresco Ephesoft
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EIDC Architecture Diagram
Steps: 1. Scan / import batch 2. Review 3. Monitoring 4. Validation 5. Export 6. Reporting
Pre-requisites 1. Define Alfresco content
model 2. Set up mapping with
Alfresco in Ephesoft 3. Configure workflow /
batch class in Ephesoft
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EIDC Feature Comparison
Features
Proprietary Solution
Provider 1
Proprietary Solution
Provider 2
Proprietary Solution
Provider 3 Ephesoft +
Alfresco EIDC
Intelligent Document Capture
Business Rules & Validation
Cursive Handwriting Processing
Remote Scanning
Fuzzy Database
Thin Client
Metadata search
Themes / Skins
Content Modeling
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TCO Comparison
Technology Proprietary Solution Provider 1
Proprietary Solution Provider 2
Proprietary Solution Provider 3
Alfresco- Ephesoft IDC
Document Management
USD 263,938 USD 180,304 USD 135,738 USD 55,500
Document Capture*
> USD 130,000 > USD 100,000 > USD 100,000 USD 30,000
On a 2-3 year timeline an organization can
save up to 90% on Total Cost of Ownership (TCO) with Alfresco + Ephesoft EIDC
* All figures for Document Capture are approximation of License Cost only based on Market Trends and for enterprise setup
7580859095
ProprietarySolution
Provider 1
ProprietarySolution
Provider 3
ProprietarySolution
Provider 2
Cost Saving
Cost Saving
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Open Source Solutions in Banking, Financial Sector and Insurance
(BFSI)
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Document Capture Solution Dynamics
Challenges Increase Automation Value Speed Cost Saving
Priorities Improve Collaboration Cloud Ready Mobile Automated Classification
Trends Advanced Data Extraction Consolidation of Document Capture and ECM Distributed Capture Digital Mailroom
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Ephesoft Extracting Meaning from Unstructured Content
The leading innovator of advanced capture and unstructured document data discovery technologies on premise, in the cloud and
on mobile devices
Our Heritage Company Facts
• Founded in 2010 • Based in Southern California • Laguna Hills, London, Rome, India • Investors include Fujitsu • CAGR over 100% • #418 on 2015 Inc. 500
• Veterans in Capture space • Operations genealogy
• First mortgage classification project
• Bring innovation to stagnant industry
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Ephesoft provides automation at ingestion, reducing the time needed to review documents, extracting key data to further automate business processes, and reduces the time to process those documents.
• Increased worker productivity by 700% • Reduced processing time by 67% • Accuracy rate of over 90% • Increased capacity to win business without
adding headcount
• Implemented in less than 3 months • Saved 100s of hours of employee time • Improved invoice accuracy • Eliminated manual data entry
Speed
Cost Saving
Automation
How Does Your Solution Address This Problem?
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Target Customers
Financial Healthcare
Government
Banks & Credit Unions Mortgage Lenders Insurance Companies
• Loan Files applications • Claims processing • Accounts Payables • Accounts Receivable • New Account Openings • Mail-room correspondence • Expense reports
Hospitals & Clinics Pharmaceutical • Claims Processing • Applications • Patient Files • Medical Records • Quality Records • New Account Openings
State & Local Education
• Permits • Contracts • Public records • Real Estate Records • Student Records
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What is different?
Why is it better?
Thin client architecture
• Use of open standards • CMIS compliant ECM • On Premise or Cloud • Open and RestFul APIs
without installing plug ins
All features - Ready to use – “out of the box“
Eliminate click charges!
Exceeds capability of legacy capture systems - samples
Java based, Linux and Windows
Recostar and Tesseract engines
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Alfresco: Auto email purchaser
Amount Validate amount with PO System
Alfresco Task: Contact Vendor | Review
document
No
Integration
CM
IS
New Invoice Folder
Yes
No Yes >$10,000
Alfresco Task: CFO Review/Signature
Signed?
No
Final Check
What does your process look like?
Tag PO Paid → Move PO from New Invoice folder to Paid
folder → Apply Paid Date Tag → END PROCESS
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About CIGNEX Datamatics
8 #1
14
Open Source Products
Open Source Consultants
Pure Play Open Source Services Company
Open Source Implementations
Global Offices
Open Source Community Contributions
Open Source Books Authored
Business Engagement Platforms 13+ 5+
5000+ 500+ 500+
Portals and Collaboration Portals, Enterprise Integration, Identity Relationship Management
Enterprise Content Management Big Content, Digital Asset, Knowledge Management, Digitization, Enterprise Search, BPM, Workflow
E-commerce B2B E-commerce B2C E-commerce
Big Data Analytics Data Integration, Blending & Enrichment, Data Storage, DW, NoSQL/MongoDB, Real-time & Predictive Analytics, Panoramyx™
Open Source Consulting Application Modernization
OpeRA™ - Open Source Readiness Assessment Managed Application & Platform Services
IOT IOT Reference Architecture VitalStatistyxTM
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Enterprise Content Expertise
Solutions Products
Services
Open Source Consulting Application Modernization OpeRA™ - Open Source Readiness Assessment Legacy Migration Application Development & Management Development, Support, Refresh, Performance Management and Managed Cloud Services Testing UI/UX
Document Management
Record Management
Version Management & Encryption
Web Content Management
Workflow
Digital Marketing Platform
Learning/Knowledge Management
Collaborative Environment
Tools for Online Learning
Imaging and Scanning – OCR/Digitization
Capturing, Storing and Retrieving Content
Electronic Scanning
Enterprise Search
Ingestion, Indexing, Processing and Matching
Query Processing
BPM/Workflow
Monitoring and Documentation of Process
Data Processing Tools
Open Contract Manager Manage contract lifecycle, business workflow, streamline operations, increase compliance
RAPIDO - Content Management & Publishing Simplify content management and publishing with Alfresco ECM and Drupal WCM
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Thank you
www.cignex.com
Contact Us
info@cignex.com
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