JERICHO, NY, August 8, 2024 — SpectralTech AI, a software vendor of AI-related services, solutions, and technologies, announced today that it will leverage ACORD Transcriber to automate the extraction of data from ACORD Forms.
ACORD Transcriber is ACORD Solutions Group’s digital capability that automates data extraction and population from any structured or unstructured insurance document. SpectralTech AI will leverage ACORD Transcriber to enable its clients to digitally extract and populate data from ACORD Forms into their respective downstream systems, regardless of their scale or digital sophistication.
As an ACORD Solutions Group Licensed Integrator Partner leveraging ACORD Transcriber, SpectralTech AI will help its clients optimize data accuracy by automating previously labor-intensive tasks and streamlining processes.
“We, at SpectralTech AI, are excited to partner with ACORD Solutions Group and leverage their ACORD Transcriber technology,” said Ravendra Singh. “This integration aligns perfectly with our mission to enhance operational efficiencies and data accuracy for our clients. By automating the extraction of data from ACORD Forms, we can help our clients reduce manual workloads and improve the precision of their data handling processes, ultimately leading to better decision-making and faster response times.”
“We are pleased to facilitate the seamless processing of insurance documents for SpectralTech AI’s client community, further enabling efficiency and accuracy within the insurance space,” said Chris Newman, President International, ACORD Solutions Group. “SpectralTech AI is part of an industry-wide initiative to drive digitalization of the global insurance market.”
###
About SpectralTech AI
SpectralTech AI is a valued provider of AI-driven solutions and services designed to enhance operational efficiency and data accuracy for businesses in various industries. Our innovative technologies leverage cutting edge AI, ML, NLP, RPA & Data technologies to automate and streamline complex processes, enabling our clients to achieve higher productivity and better decision-making. With a strong focus on the end to end insurance value chain, SpectralTech AI offers tailored solutions that address the unique challenges faced by insurance companies, brokers, and MGAs. Learn more at www.spectraltech.ai.