Technical FAQs for "PrizmDoc Viewer"

The software development industry is changing more rapidly than ever before. With new technology hitting the market on a regular basis, software vendors need to become flexible enough to adapt to the top coding trends if they want to remain competitive.

After a tumultuous 2020, the industry has seen a number of key trends emerge in the first half of 2021. Here are some of the top coding trends worth watching in the second half of the year.

Top 5 Coding Trends of 2021 (So Far)

1. Open-Source Evolution

Developers have been turning to open-source solutions for some time now as a quick way to integrate new features into their applications. While there are a lot of great benefits to using open-source code, it’s not always the simple solution that it appears to be. Substantial work may need to be done to implement the specific features an application requires. More importantly, open-source solutions rarely offer much in the way of support or security updates, and there can also be complicated intellectual property issues to consider when incorporating open source code into a proprietary application.

That’s why many innovative developers are using stable open-source solutions as a foundation for creating more feature-rich software SDKs. For teams building new applications, it’s often much easier to implement one of these integrations because it will require far less configurations and additional coding to get up and running. They can also get the benefits of dedicated support and not have to worry about whether their new integration will create any legal issues down the road.

2. UX Design

With the proliferation of Software as a Service (SaaS) platforms and the widespread use of open source development resources, it’s becoming easier for organizations to find the applications that suit their business needs. What they can’t always find, however, is a solution that’s easy for their employees and customers to use. That’s why the quality of an application’s user experience (UX) is quickly becoming a key differentiator in the software market.

Rather than implementing UX features at a later stage of the coding process, developers need to consider how users will interact with their solution from the very beginning. Software needs to be intuitive and easy to implement out-of-the-box. This applies equally to end-user products and developer-focused SDK integrations. No one has time to struggle with software that’s difficult to use. If a solution proves too cumbersome and hard to implement, customers will likely turn to a competing product that offers a better user experience. The more time developers spend considering their software’s UX, the better they’ll be able to adapt it to customer needs in the future.

3. Responsive Mobile Support

For many years, there was a somewhat artificial distinction between mobile software development and desktop development. But in a world where half of all internet activity comes from mobile devices, no developer working on web-based applications can afford to consider their software “just” for desktops. Just as website designers have been building pages that respond dynamically to different screen sizes and control interfaces, developers must also account for the unique characteristics of mobile devices.

The unique characteristics of mobile screens present specific challenges regarding the application’s user interface (UI). Simply providing standard desktop controls is bound to result in a frustrating mobile experience. Mobile responsive applications can accommodate touch-specific controls (such as pinch-to-zoom) without compromising the desktop experience at the same time. Developers must think about what kinds of devices their software solutions will be used on if they’re to build features and tools that will truly benefit their customers.

4. API Integrations

Today’s developers no longer need to build every feature their application might require from scratch. Thanks to a new generation of web API technology, it’s easier than ever to find software integrations that can quickly and easily add vital features without having to dedicate weeks of development time to building them. Understanding which web application features can be incorporated via a REST API helps development teams to focus their limited resources and time on the truly unique features that will help set them apart from the competition.

Utilizing web API technologies can streamline sprints and shorten development time significantly. That’s because much of the “trial and error” work of building a new feature is eliminated. Rather than designing and testing new capabilities for months, developers can simply implement a tested and proven web API integration within a matter of days. That helps to keep budgets under control and development schedules on track to make targeted launch days.

5. Remote Work

When the COVID-19 pandemic struck the world in early 2020, many software developers transitioned to a remote workplace arrangement. As other industries begin to tentatively return to the office, tech workers seem to have become quite accustomed to working remotely. According to a late 2020 survey conducted by Indeed, nearly half of participants reported that they now have the option to work remotely on a permanent basis, with 95 percent of them planning to do so. Perhaps even more telling, however, was the finding that 60 percent of tech workers are willing to take a pay cut in order to keep working from home.

Software vendors will have to accommodate these expectations if they hope to remain competitive when it comes to finding and retaining talent. Project managers should not expect work patterns to go back to the way they were before the pandemic. They will be better served focusing on how to organize remote work efficiently and how to provide the resources developers need to be productive while working from home. Transitioning to a more remote workforce is also allowing organizations to tap into a much broader pool of talent, which will help to bring more diverse voices and experiences into the development process.

Keeping an Eye on Future Trends

The software development teams at Accusoft are always looking ahead to see where today’s coding trends are leading the industry. That’s why we’ve been building easy-to-implement, lightweight SDKs like the free-to-use Accusoft PDF Viewer alongside our stable of versatile API solutions like PrizmDoc Viewer. We also continue to make ongoing improvements to our products to provide a better user experience for customers.

Our collection of software integrations can help development teams keep up with today’s top coding trends. Whether you’re looking to quickly integrate new features into an existing application or are looking for the right tools to support your next project, we have the API and SDK resources to keep you on-budget and on-time. Check out the Accusoft Resource Center to learn more.

Adding viewing and document conversion capabilities to an application can be a daunting task, especially when a development team is facing resource constraints and a tight schedule. That’s why many developers turn to API-based viewing integrations like Accusoft PrizmDoc Viewer instead of building those features from the ground up. By leveraging the versatile power of HTML5 viewing, they can quickly expand software capabilities without having to rethink the basic framework of their products.

What’s Under the Hood of PrizmDoc Viewer?

To understand how PrizmDoc Viewer goes about rendering documents in a web application, it’s helpful to take a closer look at its underlying architecture. There are two primary components that work in concert with the application’s web server: the HTML5 viewer and the backend.

The HTML5 viewer is integrated to run in the browser, typically via a web page or portal that serves as the front-facing aspect of the application. This is where document content is rendered as SVG elements. Since the viewer uses HTML5 to display content, it isn’t dependent upon any specific word processing software or imaging program.

Most of the heavy lifting is handled by the PrizmDoc Viewer backend, which consists of the PrizmDoc Server and PrizmDoc Application Services (PAS). PrizmDoc Server is the core computing component. It performs the actual conversion process to convert document pages to SVG, but it doesn’t have any permanent storage. Converted content and annotation markups are instead stored in PAS. The PAS component primarily handles long-term storage and hands files off to the server for conversion or processing. 

Critically, PAS also has privileged access to other storage locations used by the application, such as file systems or databases. This allows it to easily retrieve source documents and hand off tasks to the server.

The Role of the Web Application

The web application server sits between the HTML5 viewer component and the backend component. It functions as a reverse proxy that relays requests between the two, passing content requests from the viewer to the backend and then delivering converted SVG content from the backend to the viewer.

PrizmDoc Viewer doesn’t actually work with the source documents in the application’s storage. They remain safely unaltered while the backend generates a converted version for viewing and annotation. The web application typically only makes REST API calls to PAS. Background conversion that doesn’t involve the viewer, however, can be performed by making a direct call to PrizmDoc Server.

Making the HTML5 Magic Happen: Viewing a Document

When the web application has to open a stored document for viewing, each component of PrizmDoc Viewer plays a special role in the process. Everything begins with the web application sending a request to PAS to create a new viewing session. How this session is created depends upon how the backend is deployed. In most cases, it will be self-hosted as part of an on-premises deployment or through PrizmDoc Cloud services.

Once that session is created, PAS generates a new viewing session ID and passes it back to the application. All of this happens before any conversion or viewing begins, but the application can begin rendering to the HTML5 viewer by configuring it to use the viewing session ID. This brings up the viewing UI immediately, which will ultimately save time as the document is prepared.

The web application then uploads a copy of the source document to PAS, which can be in any number of formats supported by PrizmDoc Viewer. As soon as PAS receives the document, it begins handing off pages to PrizmDoc Server for conversion to SVG. Since pages are converted one at a time, PrizmDoc Viewer is able to open and view documents in the browser before the entire file is converted. That means less time is spent waiting around for large documents to be prepared for viewing.

As soon as the HTML5 viewer loads in the browser, it begins proxying requests to PAS through the web application for the first pages of content. Once the converted SVG content is available, PAS hands it back to the web application, which then passes it along to the HTML5 viewer, which displays that content in the browser. Additional pages are delivered as they’re ready, and the viewer may make subsequent requests as the user continues to interact with the document.

While the viewing process involves several steps, it is typically performed so quickly that the end user doesn’t experience any significant delays. Larger documents may take more time to render as SVG content, but even in these cases, PrizmDoc Server’s ability to render and deliver each page to the HTML5 viewer as it becomes available allows users to begin viewing documents within their browser right away.

Enhance Application Viewing Performance with PrizmDoc Viewer

As an API-based HTML5 viewing solution, PrizmDoc Viewer can be integrated into most web-based applications to support a broad range of file formats. Developers can use its annotation, redaction, document comparison, and conversion capabilities to deliver a full range of document management tools within their software platforms rather than having to build them from scratch.

To see how PrizmDoc Viewer will function in your application environment, sign up for a free evaluation trial. We provide ready-to-run Docker images in addition to installers for Windows and Linux. 

The world of investment technology moves almost as quickly as the investment markets themselves. Without the right FinTech tools, today’s individual investors are likely to be left behind the latest financial trends. That’s why FinTech investment solutions are once again becoming a major point of emphasis for developers looking to expand access to key financial services.

The History and Impact of FinTech Investment Solutions

As a subset of the FinTech industry, “invest-tech” is sometimes used to refer to a wave of innovative investment management technologies that are helping to connect aspiring investors to the information and financial services they need to capitalize on new opportunities. Like many other FinTech applications, investment software tools have played a pivotal role in expanding access to financial markets and helping consumers take direct control of their investment decisions.

Much of the early FinTech investment market was driven by “robo-advisor” services that used sophisticated algorithms to provide customers with investment guidance. The boom reached its peak in the mid-2010s, with a record 81 new invest-tech solutions hitting the market in 2014. Since then, the number of launches has dwindled as established incumbents in the financial services sector moved in to acquire some of the most promising firms.

In many instances, those acquisitions were made to expand existing digital capabilities or to secure a new base of established investment customers. Since the typical FinTech investment user was younger and possessed fewer assets, the profit margins for many start-ups were simply too low and the costs of customer acquisition too high. This dynamic has gradually shifted the industry’s focus toward the B2B market, although crowdsourced investment platforms remain quite popular among many retail investors. 

The Current State of FinTech Investment Technology

FinTech investment platforms roared back into the public consciousness following the COVID-19 pandemic as the combination of work-from-home mandates and accumulated savings caused a rise in retail investment. Individual investors made up 19.5 percent of stock market activity in the first half of 2020, an increase of nearly five percent from the previous year. On a particularly busy day of trading, individual investors constitute a whopping 25 percent of market activity.

Thanks to mobile FinTech apps from startups and established players in the financial services industry, more people than ever before have access to investment opportunities, which has caused significant disruption to the market. The controversial rush on GameStop stock in early 2021, for instance, demonstrated just how much impact easy-to-access these platforms could have on investment trends.

This resurgence in retail investment could very well spark another wave of interest in FinTech investment apps, especially from established firms looking to expand their digital capabilities and capitalize on the growing market.

Enhancing the FinTech Investment Experience

For developers building the latest iterations of FinTech applications, there are a few key features worth focusing on to deliver a better investment experience. 

Sharing Data and Portfolios

While being able to access investment portfolio data on demand is valuable, customers are understandably concerned about the security of that data. Whether they’re building a retail investment app or a managed digital vault, developers need to provide a way of viewing private information securely. This is especially critical for digital documents. Relying on an external application for viewing or even just using the default browser viewer could potentially expose information to unauthorized users. By integrating secure, native viewing features, developers can ensure that investment portfolio data remains within a protected application environment.

Protecting Proprietary Research

One of the key benefits of working with an investment firm is having access to their market research when making financial decisions. In many cases, financial projections are calculated using proprietary formulas embedded within spreadsheets. Unfortunately, spreadsheets pose a number of security and compatibility problems. Even if a workbook is shared securely, there’s often little to stop someone from copying the proprietary formulas embedded within the cells and using it for other purposes. FinTech developers need ways to make those spreadsheets available without also compromising the valuable formulas developed over years of painstaking research.

Improving Data Capture

Making the right investment is all about having the right information. That data could come from a variety of sources, and in many instances it will need to be collected and analyzed before it can be of any use. Automating the data capture process can help to get that information into a customer’s hands faster. For example, customer information can be updated quickly by automatically extracting data from structured forms like tax filings. Scanned documents can also be converted into searchable PDFs using Optical Character Recognition (OCR), which makes it easier for AI-powered tools to sift through data in search of trends and potential opportunities.

Choosing the Right FinTech Investment Integrations

Building a successful FinTech application requires developers to build innovative tools that set them apart from the competition while also implementing everyday functionality that often lies outside their experience or expertise. Features like document viewing, annotation, and file conversion may be integral components of their platform, but take both time and development resources to build from scratch. By turning to SDKs and APIs, developers can quickly roll out new features without detracting from their primary software development goals.

Accusoft has been working with FinTech investment platforms for many years, helping developers to build powerful InsureTech applications without sacrificing the viewing and image processing technology that customers expect.

• PrizmDoc Viewer: Adds secure HTML5 viewing, annotation, conversion, and redaction capabilities to web-based applications, allowing developers to control every aspect of the viewing experience without compromising privacy.
• PrizmDoc Cells: Provides full XLSX support for applications, making it possible to securely upload and share Excel workbooks without exposing the source file or allowing users to access and copy proprietary formulas.
• FormSuite: A versatile forms SDK that allows developers to add form template identification and data extraction to their application, making it easier than ever to automate and streamline workflows.
• ImageGear: In addition to conversion and compression tools, it also provides full-page OCR for converting scanned documents into searchable text.

Learn more about how Accusoft is helping FinTech developers to drive the next generation of investment technology platforms.

Today’s legal organizations are facing a number of transformative changes when it comes to managing documents. Briefcases and file folders are rapidly being replaced by laptops and tablets, and firms that are unwilling to adapt to the new digital-first landscape are at risk of falling behind their competitors. As LegalTech developers work to build the legal document software to facilitate this complex transition, they need to keep a few of these challenges in mind.

Top 3 Legal Document Management Challenges

1. Transparency

The ability to deliver a quality customer experience has become the key competitive differentiator for many businesses and the legal industry is no exception. While there will always be a market for specialized “big law” firms that provide strategic, customized services to high-end clients, the majority of firms are focusing more on routine legal services. Today’s legal customers expect the same level of transparency they get from other businesses when it comes to pricing, communication, and visibility into the legal process.

Putting the right LegalTech systems in place to facilitate key document management processes can help legal teams build a better relationship with their clients. Developers can provide those systems by integrating essential features like secure document viewing into their applications. An HTML5 viewer with file conversion capabilities makes it easy for firms to share important documents with clients without endangering privacy. Annotation markups can speed up the review process, and redaction tools allow documents to be shared without exposing personally identifiable or confidential information.

2. Contract Automation

For firms handling high volumes of routine legal work, having the right automation tools in place for streamlined legal document management is essential for sustainable growth. According to one estimate, nearly a quarter of legal work could be handled by automation technology, which not only frees up attorneys to focus on more high value tasks, but also allows firms to take on additional clients without overburdening their existing resources.

Contract management is one area where LegalTech developers are making huge strides in terms of automation. Thanks to document assembly tools, it’s now possible to programmatically build contracts from customizable templates, replacing fillable sections with client and case specific information (such as names, dates, and various numbers). Assembling contracts in this fashion significantly reduces the manual errors so often associated with copying and pasting in a word processing program. It also allows firms to draft contracts much more quickly, helping them to accommodate growing workflows as their business scales over time.

3. Accurate Data Capture

Gathering information quickly and accurately is becoming just as important to the legal industry as it is to other sectors. It’s especially valuable for a legal document management system that needs to support complicated processes like eDiscovery, contract negotiation, client intake, and court filings. Without some way of quickly converting documents into digital form, sorting them into the proper database, or finding and retrieving files when they’re needed, attorneys will struggle to handle cases and the needs of their clients efficiently. 

Law firms have been slow to replace their paper-based records systems with digital versions, but LegalTech developers can help to ease the transition by building forms processing and barcode recognition capabilities into their applications. Data extraction tools can pull essential information from a wide range of legal forms much more quickly and accurately than would be possible with manual entry. This is especially useful for streamlining the client intake process.

During the eDiscovery process, it’s not uncommon for firms to gather scanned images of documents that cannot be readily searched. Optical character recognition (OCR) tools can extract the text from these images and use it to create a searchable PDF file. This makes it much easier for attorneys to locate important details when they’re needed most.

When it comes to managing files, assigning barcodes to them makes it easier to sort and track them within the legal document management system. When a document uploaded months ago is needed for a court filing, it can be pulled up right away simply by referencing the barcode. They are extremely useful in instances where large batches of files need to be processed immediately, but not reviewed until later. This is a common issue during eDiscovery, when a batch of documents may be received from one source (such as a government agency) and stored in a database for later review.

Integrating the Right Features LegalTech Customers Need

Although LegalTech solutions understandably put a lot of focus on managing billable hours and facilitating client communication, developers should not overlook the immense value of effective legal document management software. By building these tools directly into their applications, they can provide an all-in-one solution that allows firms to reduce their technical debt and improve efficiency across their practice.

Accusoft’s collection of API and SDK integrations can transform LegalTech platforms into fully-featured document management systems for law firms. We work closely with developers to ensure that we enhance their application’s capabilities with proven technology so they can get to market faster.

If you’re building the next generation of document management systems for law firms, Accusoft has the integrations that will set your application apart from the crowd. Talk to one of our LegalTech specialists today to learn out how we can help you meet the legal industry’s evolving needs.

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Accusoft is attending the LegalWeek 2023 event in NYC, are you? Come visit our booth #2304 and discover software to manage your documents better.

For more information on Accusoft’s software integrations for eDiscovery and case management applications, visit our Legal industries page.

Adding document viewing features to an application can be a challenge. Although there are many open source options available, finding a suitable ASP.NET document viewer or .NET image viewer that provides the right level of flexibility and functionality often requires a more specialized solution. Fortunately, .NET developers have good options when the time comes to integrate document viewing into their software, which helps them to focus on other application features.

The API Document Solution

Rather than building a dedicated viewer within their .NET application, many developers instead turn to an HTML5 viewer integration that uses REST APIs for their document needs. Since these viewers work within the web browser and can support any programming language, they provide the right balance of versatility and performance for most software applications. An HTML5 document viewer ensures a consistent viewing experience across multiple software platforms and browsers used within an enterprise environment.

Of course, if all an application needed to do was view files, it could simply use one of many open-source solutions. The problem is that these viewers typically only view one type of file, which means that the application also needs the ability to convert files into different formats. Depending upon the library in question, this could quickly escalate into a code-heavy solution that bogs down application performance and introduces multiple security vulnerabilities. If poor conversion tools are put in place, there’s also a strong likelihood that documents will not render accurately.

An HTML5 viewer with the right APIs can easily overcome these document management challenges for a .NET application. Conversion, annotation, comparison, and redaction features can all be integrated as part of a comprehensive viewing framework that doesn’t require developers to build anything from scratch or rely upon intrusive plugins that create risky dependencies.

How Accusoft APIs Enhance Your .NET Application

Accusoft’s PrizmDoc Viewer was designed to provide a broad range of document processing capabilities in addition to its core HTML5 viewing features. Once integrated into a .NET application, it allows developers to deploy REST API calls to convert files into new formats, split and merge documents, create page thumbnails, markup documents, and perform high-volume text searches. As an HTML5 viewer, PrizmDoc Viewer can deliver all of that functionality right within the browser rather than resorting to external applications.

The primary advantage of REST APIs is that they can be used from any programming language, so they don’t have to be custom-built to serve as an ASP.NET document viewer. That versatility does come with a tradeoff, however. Processes like uploading files, converting them, and then downloading outputs all require a series of HTTP requests. While this isn’t a particularly difficult process, it is slightly more resource-intensive than a solution built using the same programming language as the application. 

That’s why we developed a .NET SDK library that wraps around the server-related functions of PrizmDoc Viewer. Available for both .NET Core and .NET Framework, this SDK library wraps around the server’s REST APIs to make it easier to utilize server functionality in .NET applications.

For .NET developers looking for a better way to view and process documents, the PrizmDoc .NET SDK can help them access conversion, redaction, and annotation features without compromising the performance of their .NET applications.

Getting Started with PrizmDoc .NET SDK

In order to implement the .NET wrapper, developers just need to follow a few simple steps. 

1. Gain Access to a PrizmDoc Server Deployment

There are two ways to access PrizmDoc Server, which will allow you to carry out a variety of document processing functions. You can host a server on-premises as part of a PrizmDoc Viewer integration or sign up for a PrizmDoc Cloud account to use Accusoft’s cloud-hosted deployment.

2. Add the PrizmDoc Server .NET SDK Package

Next, download the free, open source .NET SDK library from NuGet or GitHub and add it to your application project.

dotnet add package Accusoft.PrizmDocServerSDK

3. Create a new PrizmDocServerClient

Once the .NET wrapper is in place, it’s time to construct a new PrizmDocServerClient and connect it to the server.

For a self-hosted PrizmDoc Server that’s part of a PrizmDoc Viewer deployment, the base URL is all that’s needed:

var prizmDocServer = new PrizmDocServerClient("http://localhost:18681");

If the you’re using PrizmDoc Cloud, you’ll need to provide the base URL along with your API key:  

var prizmDocServer = new PrizmDocServerClient("https://api.accusoft.com", "YOUR_API_KEY");

4. Begin Document Processing

Now that everything is in place, you can start processing and viewing documents within your .NET application. Our How To Guides provide some examples of common use cases, and you can also turn to the API Reference for additional guidance and information.

Get the Document Viewing Features Your .NET Application Needs

Accusoft’s PrizmDoc Viewer delivers the versatile HTML5 viewing capabilities that can set your .NET application apart from the competition. Thanks to the PrizmDoc Server .NET SDK wrapper, you can leverage the power of our REST APIs without needing to build out a customized viewing solution from the ground up.

Find out how easily you can manage your document needs with PrizmDoc Viewer’s browser-based functionality today. Sign up for a free trial to test our HTML5-powered viewer in your .NET environment.

Technology trends are moving quickly in the legal industry as firms scramble to adapt to a shifting business landscape. Although many firms and organizations were already taking steps to break away from old fashioned processes and embrace the potential of LegalTech solutions, the COVID-19 pandemic has accelerated change initiatives and forced legal professionals to reassess their foundational business models. To get a better sense of the technology impact on law firms, developers would be wise to review recent tech surveys of the industry that assess how LegalTech software is being utilized.

LegalTech Technology Survey: A Closer Look 

According to a 2020 technology survey conducted by Bloomberg Law, legal firms are seeing tremendous benefits from the implementation of LegalTech tools. Four out of five firms and 73 percent of corporate legal departments have seen an increase in work volume, with both reporting that technology has also improved the quality of their work. On balance, high-value tasks are getting more attention, with 56 percent of respondents indicating that they spend at least somewhat more time on higher-level tasks. Low-value task loads have been reduced by an even larger rate, with 73% of respondents spending at least somewhat less time on less skilled, lower-level tasks.

Critically, these improvements seem to have come without also introducing a new set of challenges. One of the frequently cited concerns about implementing new LegalTech solutions is that it will create workflow disruptions or cause other difficulties with legal processes. In reality, such critiques appear to be largely unwarranted. Bloomberg Law’s 2020 tech survey found that large majorities of respondents did not believe LegalTech added to the number (78 percent) or difficulty (86 percent) of workflow impediments.

LegalTech Automation Needs

Despite the positive technology impact on firms, there are still many tasks being done manually that could be automated with software tools. In 2020, Accusoft conducted a technology survey of legal professionals about how they’re managing productivity and utilizing LegalTech applications. We discovered that while 54 percent of respondents were utilizing digital solutions to view and collaborate on documents, automation tools had yet to eradicate time-consuming manual tasks.

Given the enduring prevalence of manual processes, it’s hardly a surprise that 52 percent of respondents had difficulty locating the right document assets when they needed them. That figure, in particular, is unfortunate considering that a 2020 Clio report on legal trends found that 69 percent of consumers would prefer to work with legal firms capable of sharing documents electronically. 

The Technology Impact on Law Firms in Business Terms

Failing to implement effective LegalTech tools, then, could very well be costing many firms business. Longstanding legal business models that focus on profit per partner (PEP) metrics and emphasize short-term priorities are already giving way to technology-driven models that deliver faster, more efficient services at more competitive price points for customers. While boutique “big law” firms may continue to resist automation trends due to the specialized and strategic nature of their business, smaller firms and legal departments will need to reorient their operations to deliver the routine, day-to-day services that most customers are seeking. 

Perhaps unsurprisingly, the COVID-19 pandemic has made many legal organizations more open to adopting technology solutions. Bloomberg Law’s report found that prior to 2020, only 40 percent of legal leaders described themselves as being “very open” to implementing new tech. Following the pandemic, that number has increased to 54 percent, perhaps acknowledging a new reality for the legal industry as existing business models are reconsidered.

Building the Future of LegalTech

LegalTech developers face several challenges as they work on designing the next generation of technology solutions for the industry. The first question almost always comes down to whether it makes sense to build application features from scratch or to buy and integrate proven solutions. Many legal organizations are looking for powerful software tools that incorporate the latest in process automation technology, which often demands substantial development resources to build and implement. For many software developers, it can be difficult to get products to market quickly without cutting some corners here and there in terms of features when they have to build everything from the ground up.

By incorporating ready-made functionality in the form of specialized integrations, developers can dedicate more of their resources to the innovative technology that powers their LegalTech solution. From HTML5 viewing that makes it easy to securely view a variety of file types to collaboration tools that allow for markup and redaction, software integrations can rapidly expand the capabilities of an application to make it more attractive to legal organizations.

Accusoft’s PrizmDoc Viewer allows developers to integrate versatile viewing and conversion functionality into their LegalTech solutions. It also features powerful annotation and redaction tools that can significantly streamline the eDiscovery process. Learn more about these and other solutions in our LegalTech Fact Sheet.

What Are Your PDF Reader Options?

Sharing and viewing PDFs online has become much easier with the development of HTML5 viewing technology and PDF.js-based software. For many years, the only way to view a PDF was to download a file and open it using a dedicated PDF reader application. Although many of these readers could be added to a web browser using a plug-in, this wasn’t always a reliable solution and inconsistent support for these extensions often created security risks.

After Mozilla introduced the PDF.js open-source library in 2011, integrated PDF viewing quickly became an essential feature for web browsers. Most users now simply take PDF viewing for granted, trusting that their browser will be able to open and read any file. For some organizations, relying on a browser PDF reader is a perfectly reasonable solution, especially if they don’t have any concerns over controlling the document viewing experience.

But for many developers building web applications, these browsers and external PDF readers put them at the mercy of third-party providers. Changes or security problems with these solutions can leave development teams scrambling to implement workarounds that could have been avoided if they had their own dedicated viewing solution. That’s why applications increasingly feature a built-in PDF reader that allows them to better manage and present important digital documents.

Why Your Application Needs a Built-in PDF Reader

The core problem with relying on an external viewing solution comes down to control. In order to view a PDF in a dedicated reader, the file needs to be downloaded. Once that document is removed from a secure application, it could easily be distributed or altered without any authorization or oversight. This often results in serious version confusion that leaves everyone wondering which version of a PDF is the most up-to-date. By keeping documents within a controlled application, developers can ensure that the files viewed there are current.

Relying on external PDF viewers can also create an inconsistent user experience. Since not all viewers render documents, in the same way, it’s impossible to control what someone will see when they open a given PDF. In some cases, that could result in wrong fonts being displayed or some image layers failing to render properly. But it may also prevent someone from even viewing a file at all. For example, browser-based viewers that use the base PDF.js library without making any improvements to it often struggle to render lengthy or complex files. 

When applications incorporate a built-in PDF reader, developers can ensure that every document viewed within that solution will look the same on every device (and that it will open in the first place!). This level of control is incredibly important for organizations looking to build a frictionless and compelling user experience.

Integrating a PDF Reader

By incorporating a PDF reader into their web-based applications, developers are able to both retain full control over the viewing experience and keep files within a protected environment. When users are interacting with the application, all PDF viewing can be handled by the built-in viewer rather than handed off to external software. This makes it easier to manage access effectively and limits the number of downloads. 

Since every user will be viewing documents through the same built-in PDF reader, developers can also craft a consistent experience across multiple platforms. With more and more people accessing their applications with mobile devices, it’s important for development teams to offer responsive viewing solutions that can accommodate various screen sizes and interfaces.

In order to maintain complete control over files and deliver better performance, a built-in PDF reader should be able to operate as an entirely client-side solution. Whether it’s running within an on-premises technology stack or as part of an application’s cloud deployment, a PDF viewer without any complicated dependencies never has to worry about connecting to a third-party service to facilitate viewing. 

But why stop at PDF viewing?

PDF Editing

Often users need the ability to view as well as collaborate on their PDF documents, and providing the ability to edit those documents presents a challenge for developers. In a recent survey conducted amongst developers, there appears to be a disconnect between the PDF editing features that are available in most applications, to what developers actually need to fulfill and enhance their applications. So what’s the solution? 

Third-party Integrated PDF Viewing and Editing

A PDF solution provider has already worked out the challenges associated with viewing and editing PDF documents within an application. They’ve also devoted their resources to improving their document capabilities and expanding features to offer greater flexibility.

A good third-party provider also offers extensive support during and after the implementation process. If the developer needs to add a new PDF-related capability to their application or if they encounter a problem, they can quickly resolve the issue by working with their provider rather than wasting valuable resources trying to identify and fix the problem themselves. That combination of expertise and service means that developers can spend more time focusing on their application’s unique features rather than continuously wrestling with PDF-related challenges.

Enhance Your Application with PDF Integrations from Accusoft

With more than three decades of experience managing documents and images, Accusoft has been building innovative PDF solutions since the format was first introduced. Whether you need to add flexible front-end viewing and editing features to your application or are looking to add powerful programmatic PDF capabilities into the back end of your software, we provide a wide range of PDF solutions that address multiple development needs.

To learn more about how Accusoft can solve your PDF document management challenges, talk to one of our PDF specialists today and find the integration that works best for your software project.

Managing electronic documents effectively is critical to the success of any organization. Since digital files are so easy to edit, companies often find themselves trying to sort through multiple versions of the same document, each of which may contain slight differences. That’s why document management systems need to have document comparison capabilities integrated into their core functionality.

What Is Document Comparison and How Does It Work?

Document comparison is the process of cross checking new versions of a document against previous copies in order to identify changes made by different contributors. These differences could include minor formatting modifications, such as font or spacing changes, or more significant grammatical changes. In some cases, however, the most important differences may be the addition or omission of words, sentences, clauses, or paragraphs.

Why would someone want to see such specific differences between documents? The main reason is to avoid version confusion. This occurs when a group of people working on the same document are not sure which version of the file is the most up-to-date. If just one person marks up the wrong document, another contributor may never see those edits when they begin to work on the file. By the time everyone is done leaving comments, there could easily be multiple versions of the document, each one slightly different from the others while also containing multiple redundancies.

Document comparison is also critical when two parties are negotiating contracts. Imagine that you’ve drafted a contract and sent it to a client or their lawyer for review. When the document is returned, any alterations that might have been made to the contract have already been added or subtracted from the original text. How can you tell if any clauses have been included? How about any stipulations that may be missing? One change can affect the entire meaning of the contract, and missing it could mean the loss of the deal, your company’s reputation, or even your job.

Why Use a Document Comparison Tool?

While most word processing tools have built-in markup features, these tools are only effective when everyone is working from the same document. If someone downloads or copies a document, it becomes much more difficult to compare the changes they make to the original, especially if they elect not to use the markup features. More importantly, not everyone may have access to the same tools. If some people are working from Microsoft Word files, others from Google Docs, and still others are making annotation edits to a PDF, it can be difficult to consolidate those changes.

Comparing documents manually, either by printing out copies or by viewing them side by side on a computer screen, is not an effective strategy for spotting differences. Not only is this approach a waste of time and resources, but it’s also incredibly susceptible to human error. Minor changes are easy to miss during manual review, but even major differences can go unnoticed if the person doing the review is distracted or fatigued.

A document comparison tool can automate the comparison process to ensure that even the smallest changes are flagged for closer review. While a reader might skip over an omitted word or misplaced punctuation, automated comparison will detect them when comparing the current version of the document to the original. Even better, the software can check multiple documents at much higher speeds, which is vital for larger documents that may include hundreds of pages.

Document Comparison Use Cases

There are a number of business applications that can find some benefit in adopting a document comparison tool:

• Legal Services: Document comparison makes it easy to review contracts to identify changes that have been made or still need to be made.
• Government: Thanks to document comparison tools, it’s easy to quickly compare different versions of legislation or regulatory guidelines within GovTech applications to determine what important changes still need to be made.
• Insurance: Underwriters can easily reference previous versions of policies to see what changes have been made over time.
• Education: Instructors using a learning management system can quickly compare student papers to determine whether or not necessary changes have been applied.

What to Look for in a Document Comparison Tool

As developers look to incorporate document comparison tools into their applications, there are a few important considerations they should keep in mind.

• Readability: The most important feature is readability. Being able to identify discrepancies is useless if it’s impossible to determine where they’re located.
• Type of Change Made: Sometimes contributors make changes without flagging them as changes. The ability to distinguish between intentional changes (such as editing markups) and mistakes is crucial.
• Commenting: The ability to let another editor know why you made a particular change is another convenient communicative tool, especially when working in a remote office environment.
• Archiving: Staying on top of multiple versions of the same document can become tricky. The ability to archive versions in an easy to decipher manner is invaluable for avoiding version confusion.

Add Document Comparison to Your Application

Accusoft’s PrizmDoc Viewer features a powerful document comparison API that allows users to programmatically compare documents within an HTML5 viewer. Capable of tracking thousands of changes over hundreds of pages, PrizmDoc Viewer can also be used to view, share, and annotate the most up-to-date version of a document to facilitate easy collaboration. Rather than relying on external word processor dependencies that could expose files and sensitive data to risk, contributors can instead manage access within their application to maintain control and prevent unauthorized distribution or copying of files.

To see how PrizmDoc Viewer’s document comparison features work in practice, check out our interactive demo. You can select any two versions of a Microsoft Word document and quickly compare them to spot differences. 

Judge gavel on computer. Concept of internet crime, hacking and cyber crimes

Implementing any technology solution within an established organization can be a monumental challenge for a developer. Doing so for a legal firm that has a strong culture and longstanding processes can be even more difficult. That’s why LegalTech developers need to take a few key factors into consideration as they work on applications for the legal industry.

Build vs. Buy

One of the first questions any firm needs to ask is whether it wants to build a specialized solution or turn to an existing LegalTech application. In many cases, this comes down to a question of resources. For larger “big law” firms or legal departments within an enterprise business, internal developers may be available to build a customized application that caters to specific organizational needs. 

If the resources and development skills are on hand, building a dedicated solution can be an effective strategy. Developers can focus narrowly on the established processes used at the firm and design technology that targets clear pain points more effectively than an “off-the-shelf” product.

More importantly, as Kelly Wehbi, Head of Product for Gravity Stack, points out, building doesn’t necessarily mean starting from nothing: 

“I think a lot about how to leverage the platforms we have or could potentially purchase, but then add our own expertise and strengths on top of it. That doesn’t have to mean you have to build some entirely new interface or have to invent some new technology. It could be there’s a tool that’s out there that does exactly what you need and maybe you have to build a few customizations on top of that.”

Of course, building a solution also presents a number of challenges, especially if the project’s requirements are not well defined from the beginning. There’s a great deal of overhead involved with building new technology in terms of maintenance and ongoing support. It’s easy to fall into the trap of focusing on technology at the expense of services. But legal firms are not product companies; they need to focus instead on finding ways they can use technology to leverage their core services.

It’s that emphasis on services that drives many firms to buy the technology solutions they need rather than to build them. Existing software integrations are typically better positioned to maintain security and don’t need to be maintained as extensively. Deploying proven software integrations also helps organizations to maximize their on-premises resources and enhance their flexibility in the long-term. 

“I tend to default toward leveraging an existing platform when possible,” Wehbi admits. “Security ends up being a huge part of this and when you can leverage a company that’s solved that really well, that goes a long, long way. It offers you a bunch of options you wouldn’t have if you had to build it yourself,” Wehbi says. “That’s a pretty big undertaking to start from scratch.”

Getting Buy-In for LegalTech Solutions

Once the build or buy decision is finally made, there’s still the critical matter of executing and putting the new solution into practice. Getting feedback throughout the development and integration process is important, whether it’s gathered from anecdotal observations or some form of usage analytics. 

Neeraj Raijpal, CIO at Schroock & Schroock & Lavan, finds that implementations tend to go smoother when the development team is able to get rapid feedback from key decision makers: “The faster you get the feedback, the faster you know you’re down the right path or not. It is very frightening when the stakeholder…looks at something and says ‘This is exactly the opposite of what I expected.’ You don’t want to be in that situation.”

Ultimately, a LegalTech application’s success depends largely upon whether or not the firm as a whole embraces it. When developers are seeking to implement a solution, they need to be especially careful to take the culture of the firm into consideration. Without buy-in at the top, it will be difficult to convince anyone in the organization to commit to change. 

“If you’re trying to solve a problem because you have a deficiency in a current business process, but you’re not willing to change the process…that’s (a) disaster,” Raijpal warns. Although LegalTech solutions are designed to enhance efficiency and reduce errors, they often require people to learn how to use them or to abandon existing technology solutions.

Take, for example, a legal firm that needs to redact documents during the discovery process. The existing process likely involves printing out documents and then laboriously redacting them by hand with marker. Once that process is finished, they are scanned and saved as image-based PDFs. An HTML5 viewer with redaction capabilities could easily streamline this process to make it faster, more flexible, and more secure. Unfortunately, if the firm’s attorneys aren’t willing to adopt the new process, all of the potential efficiency benefits go to waste.

The Importance of Communication

Communication and ongoing support are critical to ensuring a successful LegalTech implementation. Developers can begin this important conversation right from the beginning when they’re designing application features. Whether they’re building everything from scratch or turning to software integrations, they need to have honest and thorough discussions to determine what specific features are needed to support legal processes. Implementing a LegalTech solution is more likely to be successful if that solution is closely aligned with the firm’s existing needs and future goals.

But the conversation doesn’t stop once the application goes live. Ongoing support and education is often necessary to help firms adopt new technology and make the most of its potential. Developers may even need to adjust some features over time as needs change. If they utilized third party software integrations to add key functionality, they need to know they can count on those vendors to support them as the LegalTech application evolves.

Make Your LegalTech Implementation a Success with Accusoft

Accusoft’s family of software integrations allow LegalTech developers to quickly add the features their clients need to modernize workflows and improve efficiency. Whether it’s PrizmDoc’s extensive document redaction capabilities that make it easier to protect privacy during eDiscovery or the automated document assembly features of PrizmDoc, developers can lean on our 30 years of document processing expertise so they can focus on building the tools legal teams require

As part of our ongoing work with the LegalTech industry, Accusoft recently sponsored a Law.com webinar on the subject of building vs buying technology solutions for legal firms. You can listen to some of the highlights with contributors Kelly Wehbi and Neeraj Rajpal along with host Zach Warren, editor-in-chief of LegalTech News, on the Law.com Perspectives podcast.

Long resistant to technological change, the insurance industry has made great strides over the last decade to implement innovative InsurTech solutions that upend longstanding market practices. As insurance providers explore new strategies for attracting a new generation of customers, they continue to rely heavily upon InsurTech developers to build the solutions that help them expand their customer base.

The Insurance Industry’s “Protection Gap”

Today’s insurance companies are offering more products and services than ever before, and yet at the same time, most people are carrying less insurance they need to protect themselves from risk. This “protection gap” is at least partially the result of large amounts of friction when it comes to purchasing insurance. People are either choosing to not buy insurance products, or they don’t know what options are available to them.

Part of this problem is the result of outdated models many organizations use to sell insurance. There’s an old adage that insurance is something that is “sold” rather than something that is “bought.” In this model, customers are expected to interact with an insurance agent who actively sells them a particular coverage.

Unfortunately, this model is becoming less and less effective in an increasingly digitized world, especially when it comes to younger generations of customers who expect the same level of frictionless convenience from insurers that they now get from many financial services (especially those powered by FinTech solutions).

What Is Embedded Insurance?

One potential solution to this challenge is a new strategy known as embedded insurance. This approach first identifies purchases or situations where insurance is required or would present clear added value. Some examples could include the purchase of an automobile, a vacation package, or even a potentially hazardous activity like skiing. An appropriately risk-adjusted insurance package is then offered to customers at the point of sale, or “embedded” within the customer experience.

There are tremendous advantages to this strategy. In the first place, it allows insurers to offer their products to customers who need them most at the precise point when they need them. Rather than having to go through the laborious process of contacting an insurance agent to get a quote for a new automotive policy after someone buys a new car, they can simply update their plan or add insurance services at the same time they’re purchasing the car itself. Customers are less likely to put off getting insurance (and then often forgetting to do so later), and the insurance provider has an opportunity to offer services to the people most likely to purchase them. For the provider, it’s a much more efficient approach than relying on outdated cold calling techniques to sell policies that may or may not meet the current needs of a customer.

Technical Challenges of Embedded Insurance

In order to embed insurance offerings effectively, however, providers first need to overcome a few technology challenges. From improved data capture tools that allow them to conduct faster, more customized underwriting to integrations that connect their applications to partner ecosystems, a new generation of InsurTech solutions will be needed to remake insurance business models.

Better Data Capture

Having accurate information is essential to insurance underwriting. This is even more important when it comes to embedded insurance because rates need to be calculated quickly so they can be provided along with other purchases. In many cases, form information may need to be processed quickly to obtain key data on the customer and the details of their purchase. When InsurTech applications are equipped with automated forms processing tools, they can quickly extract key information and use it to make faster, more data-driven decisions.

Versatile Viewing Capabilities

Whether an InsurTech application stands on its own or is integrated into another service offering, customers will often need to view information about their policy options in order to make an informed decision. On the firm’s end, insurance agents may need to review application details or bring up other resources to review when finalizing rates. By building viewing capabilities into their InsurTech applications with integrations like an HTML5 viewer, developers can ensure that their customers will never be caught depending upon external platforms for document viewing or sharing.

Expanded Contract Automation

Many insurance policies still require some form of contract, even if digital signature technology allows these forms to exist entirely in electronic format. Having the ability to rapidly assemble a contract as part of an embedded insurance solution can further enhance the streamlined customer experience. InsurTech developers can integrate automated document assembly tools to rapidly build contracts from pre-existing templates and quickly fill in the necessary details or add additional clauses.

Accusoft InsurTech Solutions for Embedded Insurance

Accusoft’s collection of SDK and API integrations give InsurTech developers the tools they need to enhance the flexibility of their applications. Our software solutions provide proven, market-ready viewing and processing features so development teams can keep their focus on refining their platform’s innovative core functionality. Whether it’s the versatile forms processing features of FormSuite, the powerful HTML5 viewing capabilities of PrizmDoc Viewer, or the automated document assembly tools of PrizmDoc Editor, Accusoft integrations can help InsurTech developers get their applications to market faster and explore the possibilities of embedded insurance.

We’ve been working hard to design software integrations that meet the needs of the insurance industry and InsurTech developers. Download our InsurTech solutions fact sheet to see how our constantly evolving family of SDKs and APIs can improve your application’s capabilities and performance.

When it comes to downloading or viewing documents over the internet, PDFs have long served as a de facto standard for most organizations. Since PDFs are not a proprietary file format, there’s rarely any risk that someone will be unable to open them. However, just because PDFs have become so commonplace doesn’t mean that they all share the same characteristics. For anyone who has ever wondered why some PDFs seem to take so much longer to load than others, the answer often has less to do with connection and processing speeds as it does with the way the PDF’s content is organized.

More specifically, it’s a matter of whether or not the document is a linearized PDF.

What Is a Linearized PDF?

Sometimes called “fast web view,” linearization is a special way of saving a PDF file that organizes its internal components to make them easier to read when the file is streamed over a network connection. While a standard, non-linearized PDF stores information associated with each page across the entire file, linearized PDFs use an object tree format to consolidate page elements in an ordered, page by page basis. When a reader opens a linearized PDF, then, all of the information needed to render the first page is readily available, allowing it to load the page quickly without having to search the entire document for a specific object like an embedded font.

Originally introduced with the PDF 1.2 standard in 1996, linearized PDFs were critical to the format’s early internet success. In order to view a non-linearized PDF, the entire document needs to be downloaded or read via HTTP request-response transactions. Given the bandwidth limitations of early internet connections (often still between 28.8k and 33.6k in 1996), this created a serious bottleneck problem when it came to document viewing. While it was possible to view a document without downloading it, the multiple HTTP requests needed to do so could easily be disrupted if the connection was lost, something that was all too common in the days before reliable broadband connections were introduced.

Non-Linearized vs Linearized PDFs

To visualize the difference between a non-linearized PDF and a linearized PDF, imagine two separate people sitting down to file their business taxes. One person has all of their receipts, invoices, and financial documents scattered across their office, with some stacked in unordered piles, others crammed into unlabeled folders, and even more stuffed into assorted drawers and file cabinets. Finding and organizing all of this documentation would take almost as much time as actually filing the taxes themselves! The second person, however, has all of the records they need stored in a neatly labeled file cabinet, allowing them to retrieve everything quickly and easily.

The first example is similar to a non-linearized PDF, while the second shows how much easier it is for a reader to access the information it needs to render the file. Even better, since each page is organized in the same way, jumping to a different page in a multi-page PDF doesn’t require the reader to reload the entire file. It can simply read the current page and get everything necessary to display the PDF correctly.

Why Linearized PDFs Are Still Valuable

In a world dominated by high speed internet connections, it’s fair to wonder whether or not PDF linearization is still necessary. For small PDFs that are only a few pages, linearization may not be essential, but when it comes to larger documents, linearization can still deliver substantial performance and user experience benefits.

Consider, for instance, a document that consists of several hundred, or even several thousand, pages. Loading that entire document and keeping it cached may be possible, but it’s an inefficient use of processing and bandwidth resources. With a linearized PDF, a reader typically encounters a linearization directory and hint tables at the top of the document, which provides it with instructions on where to locate any necessary resources within the file. After loading the hint tables and the first page, the reader stops the download process rather than opening the entire file. When the user navigates to another page, the reader can quickly reference the hint tables and jump to that page.

This ensures that the reader is only ever loading the pages that actually need to be displayed, which helps to conserve memory, processing resources, and bandwidth. For mobile devices with limited file and cache storage, linearized PDFs are much easier to manage than their non-linearized counterparts. They also provide some protection against network interruptions, which could make it difficult to download and view an entire document.

How to Linearize PDFs

Although the linearization process is well laid out in the current PDF standards documentation, many PDFs are created using software that doesn’t automatically linearize the content. More importantly, some linearized PDFs are “broken” by a process called incremental saving, which saves minor updates at the end of the file, rather than changing existing structure. Over time, too much incremental saving can undermine the effectiveness of a linearized PDF.

The best way to resolve such problems and linearize the PDF is to save a new, linearized version of the file using PDF editing and conversion tools.

Take Control of PDFs with PrizmDoc

Accusoft’s PrizmDoc provides a broad range of document functionality that allows applications to more effectively create, convert, and compress PDF files.

For a closer look at PrizmDoc and to see its powerful document processing capabilities in action, download a free trial today.

When President Joe Biden signed the $1.9 trillion American Rescue Plan Act relief package into law on March 11, 2021, millions of Americans looked forward to receiving a much-needed $1400 stimulus check from the government. Although many people would receive paper checks directly from the Internal Revenue Service (IRS), anyone who had previously filed their taxes electronically and had returns delivered to their bank accounts were eligible to receive their stimulus relief via direct deposit. The IRS set the date of March 17 for the delivery of stimulus funds, which would give sufficient time for payments to make their way through the complex Automated Clearing House (ACH) system used to transfer payments electronically.

FinTech Lenders to the Rescue

But on March 12, just one day after the landmark bill was signed into law, many FinTech banking customers received notifications that funds had already been delivered to their accounts. The digital banking startup Current bragged on Twitter that afternoon that it had already distributed $600 million to 250,000 customers. On March 15, the FinTech lender Chime announced that it had paid about $3.5 billion to more than one million customers over the weekend. Chime had previously made headlines the previous spring when it advanced stimulus funds from the CARES Act to customers before the government actually made the money available.

Unsurprisingly, the announcements caused quite an uproar from customers at traditional banks that did not start releasing funds until the previously announced March 17 date. Despite many of the accusations leveled at these lenders, however, the discrepancy had nothing to do with banks deliberately withholding funds and everything to do with the unique business model of leading FinTech lenders.

In the case of Chime, for instance, the company frequently makes payment funds available to customers as soon as the transfer is initiated, rather than waiting for it to clear through the ACH. “I guess you could argue we’re taking a risk,” said Chime co-founder and CEO Chris Britt. “But we’ve been told by the Federal Reserve that the money is coming so we don’t think it’s that much of a risk.” 

Traditional banks were quick to respond by saying that they could not make funds available before March 17 because that was the date set by the government for the money to actually be transferred. For FinTech companies with higher risk tolerance, the delay provided a unique opportunity to demonstrate the benefits of digital lending applications. During the first wave of stimulus checks in April of 2020, mobile banking app registrations increased by 200% over the previous month as Americans rushed to embrace various forms of digital banking.

The Flexible Features of FinTech Applications

Part of the reason why FinTech lenders are willing to offer more generous services to customers is that they often assess risk differently than traditional banks. Armed with sophisticated algorithms and data capture tools, FinTech applications are able to gather more information about customers and lending sources to create a more accurate risk profile.

Over the last two decades, FinTech developers have worked hard to build the digital platforms that innovative firms are using to offer these services. These software solutions need to be flexible enough to process information quickly and provide essential functionality that helps both FinTech firms and their customers to view and share information quickly and easily.

Forms Processing

Structured forms are an essential tool of the financial services industry, whether it’s a loan application or an IRS tax form. The faster those forms can be processed, the more quickly firms can deliver money into the hands of their customers. That’s why FinTech developers need to make sure they’re incorporating the forms processing tools that make it easy to automate data capture. Given that the latest round of COVID stimulus funds are based upon tax return information, many customers will be scrambling to update their records as quickly as possible. By integrating the tools to process that data with haste, FinTech developers can help firms keep pace with the needs of their clients.

Easy Viewing

While FinTech developers are primarily building applications for lenders, they should always keep in mind that a solution that doesn’t provide a positive customer experience will have trouble catching on in a crowded marketplace. Today’s banking customers expect transparent and intuitive applications that allow them to quickly view their financial records and check the status of applications or loans. By building HTML5 viewing capabilities into their FinTech solutions, developers can help customers track the status and history of their finances, which is certainly a major concern as they monitor the status of their stimulus payments.

Interactive Tools

With all of the nuances surrounding COVID stimulus payments in the latest round of legislation, many customers will be turning to their FinTech lender to understand how much money they can expect to receive based on their eligibility. A well-designed spreadsheet may be able to provide this or similar information much more quickly than building a dedicated tool within an application, but downloading XLSX files can be a hassle for many people, especially for customers who primarily interact with their FinTech bank using a mobile device. By giving firms the ability to securely embed spreadsheets into their applications, developers can help them to quickly share tools and resources with customers, regardless of what kind of device they’re using.

Empowering the FinTech Future with Accusoft

Accusoft’s collection of SDK and API integrations allow FinTech developers to build a broad range of features into their applications to streamline processing and accelerate vital financial services. 

Our FormSuite forms SDK collection can automate form identification and OCR data capture to help FinTech applications maintain their speed advantage when it comes to processing applications and loans. For financial platforms that need comprehensive viewing functionality, PrizmDoc Viewer’s HTML5 viewing, annotation, and redaction capabilities can turn any platform into a powerful document viewer that helps users handle most of their financial business purely through their FinTech application. 

And when it comes to embedding interactive spreadsheets to provide quick reference and calculations for various services, PrizmDoc Cells allows developers to bypass the difficult work of building that functionality from the ground up. To learn more about how Accusoft integrations are powering the next generation of FinTech applications, visit our financial services page and download our FinTech integrations fact sheet.