Technical FAQs for "FormSuite for Structured Forms"

Getting Back to Business

My little cousin Liam is a very picky eater, and when I’m on babysitting duty, he always wants me to make him his favorite meal. A peanut butter jelly sandwich. Liam has a very particular way he likes his lunch prepared (Liam Style Ⓡ, he calls it) First, the bread. It must be toasted to his exact specifications. Not too brown, but just crispy enough to have that satisfying crunch when bitten into. Next, we need to apply 2 tablespoons of jelly to the top slice, and 3 tablespoons of peanut butter on the bottom slice. Now extract the crust. This takes surgical precision because if you cut too much off the sides, he’ll still be hungry and want seconds. Finally, partition the sandwich square into two halves so he doesn’t get grape jelly all over his face. Then and only then, is the sandwich complete and Liam will be satisfied.

As I stand there with vacant eyes, watching toast toast, I daydream of how awesome it would be to have a sandwich making robot that carry out all of these tasks for me in quick succession and deliver the perfect sandwich that meets all expectations at the push of a button. Liam agrees with me on this sentiment. Not so lucky for me but lucky for the businesses around the world who are stuck doing tedious, time-consuming, error prone tasks, there exists RPA.

Robotic Process Automation, or RPA, may be joining the ranks of tech industry buzzwords like “cloud computing” and “big data,” but it is trending for good reason. Where there is smoke, there is fire after all. Businesses of all shapes and sizes across the globe have taken up RPA in order to cut down the time and manpower spent doing mind-numbing tasks that could easily be automated.

Reading about my sandwich woes may have stirred up some hatred towards the boring tasks that you yourself, or your associates, carry out every day. Find yourself copying and pasting information, one field at a time, between multiple applications? Tired of making the same types of edits to the same types of documents, saving them and emailing them out to the same people? Have you clicked the same sequence of buttons so many times you could do it in your sleep? Before you go off fantasizing about sipping cocktails with your feet up on the desk while a robot does all your work, let’s first go into more detail about how exactly RPA works.

An Introduction to RPA

If you’re familiar with programming or IT, you have probably heard of the term “scripting.” Not too dissimilar from a Hollywood movie script, the concept is that, in a script, you have a sequence of events that when combined together, tell a story or contribute to a larger purpose. In isolation or out of order, the events don’t make much sense. Each event has a purpose in taking in information from the previous event, building upon that information, establishing new information, and sending the information along for when the next event takes place.

A script also has characters. Characters interact with each other using dialog and by taking actions. The script dictates what character will take an action, what the action will be, and when the action will be taken. Through the interaction of characters and the impacts their actions have on other characters and the environment, we have events transpiring.

The same concept can be used to describe RPA, but whereas the traditional idea of scripting can apply to many things in the tech space, in the context of RPA, this will be limited to the types of actions that a human would take when working with User interfaces, input/output devices, and the manual transferring of data between business endpoints.

Furthermore, where traditional scripting would normally require literacy in a scripting language (Python, Bash, etc), building RPA modules can be accomplished in a user-friendly graphical interface. Using our movie script analogy above, let’s take a generalized example of a task that would normally take someone 15 minutes to complete and break it down to be automated. Our task could be summarized as “updating an account balance” and its events would be the things you would tell your friend when they ask what you do at work all day:

1. Well, first I log on to the sales portal.
2. Then, I take the account number in the email that was sent to me by our automated confirmation service and search for that account number in the portal.
3. Once I find the account and make sure it’s the right one, I update the balance owed and document the date and amount changes in the account notes.
4. Then, I copy and paste the new notes along with the account number and name of the account to a spreadsheet which gets verified at the end of the day.

At this point, you may want to wake your friend up. Each of these steps can be considered an event for our RPA bot to process. Looking at our first event. “I log on to the sales portal,” we can identify each character and the actions they take to move the story along. The characters here are our mouse cursor, the Operating System, our keyboard input, and our sales portal application.

Using our mouse, we double click the app on the desktop to open it up. Then we type in our username and password at the login screen of the sales portal using the keyboard. Finally, we click enter to move to the next screen. The mouse talked to the OS, which told the application to open. The keyboard then tells the application who you are and the application shows you the next screen. End scene.

There’s just one problem. You are essentially filling the role of movie director by executing on the script and bossing the characters around, making sure everyone is doing their job. And this is just one event! Our script could contain dozens of these events, but now I, ambassador of RPA knowledge, officially promote you to movie studio executive, which means you can dump your old role of director onto RPA. Robotic process automation will click your buttons, paste your copies, and log your -in’s all day long and never complain or take bathroom breaks. When we extend this automation across your entire task workflow, you can start to see how powerful of a tool it can be.

Now that you’re the movie studio executive of your project, you’ll need to learn how RPA can impact your final cut. Continue reading here.

Robotic Process Automation (RPA) is becoming more and more intertwined in business processes. More Chief Information Officers are turning to this technology to empower employees to devote more time to high-value projects.

RPA is paving the way to reduced staffing costs and increased productivity. After all, there’s only so many manual processes a human can do in one day. Bots are typically cost-effective and easy-to-implement, especially given the fact that they don’t require custom software or deep systems integration, so how could simple technology help large corporations save? First, let’s discuss how Accusoft and RPA can work together.

Technology That Identifies and Secures Data

FormSuite for Structured Forms is an SDK that helps developers add forms processing technology into their application. With this addition, developers can input user-filled forms directly into the application. Accusoft’s forms processing technology identifies and detects data from these user-filled forms.

Newer companies have more modern IT systems that allow this data capture to integrate directly into the backend systems. However, some older corporations are often stuck with legacy systems that don’t enable easy technology integrations or upgrades. These legacy systems rely on manual data entry. With Accusoft’s data detection working with RPA, data entry can be automated.

Using RPA to Enhance Legacy Systems

With the help of Accusoft’s technology, RPA can extract data from common forms. The forms processing server grabs images, processes the information, and transfers the data to the RPA bot. Using this output, the RPA bot can easily transfer the data into a legacy system – even if it requires keystrokes to work. Simply set up the RPA to type the data by keystroke and you’re set to go.

Accusoft’s engineers worked on the code to connect the XML file to specific legacy systems so that the robot could automatically populate the data in the correct fields. With this new advancement in technology, Accusoft hopes to start working on more automated processes for their customers very soon.

Seeking Partnerships with RPA Solutions

With a driven team of software engineers and architects, Accusoft is bringing RPA, machine learning (ML), and artificial intelligence (AI) into their product partnership conversations. The goal is to continue to find new ways to use RPA, ML, and AI to create agile solutions for large corporations stuck with data in a legacy system.

In addition, Accusoft is seeking partnership with RPA solution providers to enhance its offerings and expand on the conversation on customer solutions. To learn more about Accusoft’s current forms processing offering, you can check out our FormSuite for Structured Forms toolkit here.

If you’re building a product that helps financial institutions with a variety of different processes, you’ll know that lenders are pressed for time. Lending institutions are struggling to keep up with the amount of credit requests in an age where customers expect instant gratification. When consumers request anything from a bank or lending organization, they expect the application process to be quick and easy. However, current financial applications can create some hurdles.  Building a robust financial software application can overcome these hurdles.

Lenders are searching for ways to approve applicants in a more timely manner. However, each new request comes with a variety of different files and forms to sort through. With so much data to organize and analyze, this process is a struggle for financial institutions. They need to approve the request before the consumer starts looking at their competitors. How can your product help your clients stay up to date?

Building New Financial Solutions

Financial institutions need a product that includes data capture and processing tools, enabling them to approve loan applications more efficiently. Your product could help them begin this process. First, let’s talk about gathering files for large loans. Data comes in all shapes and sizes – including different file types. You’ll need a way to convert these files into one searchable PDF.

In addition, there are a variety of standard forms that show up in the lending process. You’ll also need a solution for forms processing to gather data. Data capture and forms processing facilitates the automation of lending, whether it’s a line of credit or loan origination.

Once various borrower documents are gathered, they can be scanned and cleaned in preparation for processing. Then you can start extracting data. To do this, you’ll need a way to identify the form fields and recognize the data within them.

Capturing Consumer Data

Lenders generally have a standard procedure in place for viewing and collaborating on borrower histories. Historically, when they view the files, such as W-2s and other IRS forms, they need to be able to find and highlight specific information from those forms that the lender needs in order to process the loan.

What if you could give them a way to complete this task quickly and efficiently without the hassle of coding it yourself? When you integrate Accusoft’s FormSuite for Structured Forms software development kit (SDK) into your application, you’re providing a quicker way for lenders to obtain data. FormSuite automatically identifies the type of form based on examples in its master library.

How does it work? This SDK uses specific character recognition algorithms like optical character recognition (OCR) and intelligent character recognition (ICR) that enable FormSuite to capture the data from a scanned paper document.

No matter the size of the file, this integration can help your end-user quickly categorize forms, identify form fields, and search for unique information.

Rounding Out the Process

Once the integration pulls all of the data from these standard forms together, you’ll need a way to transfer the data into a specific database. Simply code a connection, and you’re set to go. Your consumers will thank you later.

When your clients have the ability to process data faster, they win more business. Help your customers succeed, and remain their trusted partner for digital financial technology. Learn more about how Accusoft’s solutions can enhance your application’s credibility today. Contact us for a demo.