Software
Company Overview of Captricity Inc.
Company Overview
Captricity Inc. develops cloud software that extracts and transforms data from handwritten and typed forms into digital data. Its software extracts data from various sources, such as paper documents, scans, faxes, emails, call centers, and web forms. The company serves insurance, healthcare, government, non-profit, education, and other sectors. Captricity Inc. was founded in 2011 and is based in Oakland, California.
1999 Harrison Street
24th Floor
Oakland, CA 94612
United States
Founded in 2011
Key Executives For Captricity Inc.
Compensation as of Fiscal Year 2017.
Captricity Inc. Key Developments
Captricity Announces Captricity READ Software
Mar 20 18
Captricity announced Captricity READ, the first AI-powered software that outperforms humans at reading handwriting. Captricity READ's 91% accuracy surpasses human quality and exceeds any previous rates achieved by existing text transcription software. For Captricity's customers in financial services, healthcare, government and non-profit still relying on manual paper workflows, no-human-touch processing is now a reality. Using READ, enterprises can turn the written word into decision-ready data at a fraction of the typical cost. Surpassing humans in accuracy increases STP by over 50%, and this data-first, digital automation means enterprises can now achieve dramatically improved processing times to meet modern customer expectations, without the time and expense of re-engineering hundreds of manual processes. The engine behind Captricity READ is a deep neural network trained using tens of millions of data points representing 35 lifetimes of reading experience -curated from one billion text transcription tasks Captricity has processed in the past five years. Captricity has the handwriting training dataset, enabling Captricity READ to be successful on Day One of any deployment. Unlike competitive solutions, Captricity can be integrated into businesses with little custom training and business rules.
Captricity Inc. Presents at InsureTech Connect 2017, Oct-04-2017 02:30 PM
Sep 30 17
Captricity Inc. Presents at InsureTech Connect 2017, Oct-04-2017 02:30 PM. Venue: Caesars Palace, Hotel and Casino, Las Vegas, Nevada, United States. Speakers: Kuang Chen, Co-Founder and Chief Executive Officer.
Captricity, Inc. Partners with Pegasystems Inc. to Enhance Customer Engagement with Quick and Easy Access to Paper-Based Data
Jun 7 16
Captricity Inc. announced a technology partnership with Pegasystems Inc., that will integrate Captricity's cloud-native solution within Pegasystems' suite of customer relationship management (CRM) applications and the Pega 7 platform. By utilizing data extraction, transformation, and integration processes, Pegasystems' clients can now access their data currently trapped in handwritten or typed forms at more than 99.9% accuracy quickly, easily and securely – and within their current workflow infrastructure. Unlocking data from paper forms is a continuing challenge for many organizations. Captricity's handwriting recognition technology helps leading organizations in Insurance, Government and Healthcare access the customer data they need to optimize business processes, improve decision making, and enhance the customer experience. Captricity's platform is the accurate data capture solution for complex handwritten and typed forms, offering the savvy enterprise access to transactional and legacy data trapped on paper forms. This partnership between Pegasystems and Captricity provides a solution that allows customers to immediately increase productivity, reduce costs, and speed time to revenue while at the same time enhancing the user experience for customers and partners. Pegasystems' clients can unlock data and automate processes within critical documents such as: Insurance policy applications and claims forms; Healthcare claims and HIPAA paperwork; Financial services onboarding documents and applications; and telecommunications service installations and product upgrade approvals. Powered by the Customer Decision Hub, Pega's end-to-end suite of CRM applications for marketing, sales, and service enables clients to anticipate customers' changing needs and provide personalized recommendations throughout the customer journey. By engaging customers with the right message at the right time on the right channel, businesses can increase customer satisfaction while enhancing the customer lifetime value.
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