Singapore, 25 June 2019 – TAIGER and Alaris, a Kodak Alaris business have announced a global strategic alliance that will help end-users intelligently automate complex business tasks and drive greater efficiency in the workplace. The agreement enables TAIGER to integrate its AI-based software with Alaris’ award-winning document scanners to simplify information intensive business processes and accelerate digital transformation.
TAIGER will focus first on certifying the Kodak Scan Station 730EX and the Alaris S2060w Scanners for use with TAIGER’s advanced artificial intelligence solutions. The combined functionality of TAIGER’s software and Alaris’ hardware will allow organizations to securely and efficiently scan, store and search large volumes of documents in a network-connected environment.
For example, the client onboarding process of one of the largest banks in Europe and Latin America requires prospective customers to submit physical and digital versions of many types of documents. Automating the capture, extraction and validation of information from these documents and seamlessly inputting it into a Customer Relationship Management (CRM) system presents a tremendous opportunity to improve performance and drive efficiencies, while minimizing costs and errors. By working with TAIGER, the bank was able to reduce total processing time by 90% and total costs by 80%. Through its new alliance with Alaris, TAIGER is positioned to deliver even better performance against Service Level Agreements than ever before.
A “win-win” for TAIGER and Alaris
TAIGER and Alaris expect to reap significant mutual benefits from their alliance. “We are on a mission to transform the way organizations use document scanners as productivity tools,” said Don Lofstrom, President, Alaris, a Kodak Alaris business. “Aligning with TAIGER is a great opportunity to bring more innovation to the workplace and continue to take complexity out of information capture, ultimately helping users make the most of their information.”
The partnership between TAIGER and Alaris will also bring mutual benefits through channel network access, which will help both companies identify new partners to resell Kodak Alaris and TAIGER solutions.
“We are thrilled to partner with Alaris to drive automation through enhanced information extraction and processing,” said Sinuhé Arroyo, Founder and CEO of TAIGER. “This pioneering technology will benefit clients in sectors from banking and finance to legal and shipping, as they achieve increased levels of accuracy and decreased processing time. What we are achieving together has the potential to transform entire organizations’ document workflows.”
Taking automation to the next level
In traditional scanners, optical character recognition (OCR) is used to distinguish printed or handwritten text characters inside digital images of physical documents, such as a scanned paper document. Depending on the quality of the document, results can be inaccurate, and text can be missed or unclear, making information classification difficult.
While Kodak Alaris scanners are renowned for superior image quality and best-in-class OCR read rates, with TAIGER’s technology, select models of Alaris scanners will now use AI-based software to recognise and interpret text, whether it’s a name, address or other important information that an organization requires. This capability is not available in traditional OCR solutions and will be a key differentiator for TAIGER and Alaris.
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TAIGER is a visionary Artificial Intelligence (AI) company, pioneering next-generation AI solutions. TAIGER uses human-like logic to automatically read, understand and extract information, guaranteeing unrivalled levels of accuracy of 90% and above. TAIGER is headquartered in Singapore with offices in Hong Kong, New York, Madrid and Mexico City. www.taiger.com
About Alaris, a Kodak Alaris business
Alaris is a leading provider of information capture solutions that simplify business processes. We exist to help the world make sense of information with smart, connected solutions powered by decades of image science innovation. Our award-winning range of scanners, software and services are available through our global network of channel partners. For more information, please visit AlarisWorld.com and follow us @AlarisWorld.
For further information, please contact:
Singapore: Josh Kwah, +65 9657 0242 or by email to Joshua.firstname.lastname@example.org
Hong Kong: Claire Wong, +852 6448 4681 or by email to Claire.email@example.com
Rochester, NY: Vanilda Grando, +1 585 629 7904 or by email to firstname.lastname@example.org