Case Studies
Case Studies
Proven technological innovations deployed and endorsed
by industry leaders worldwide
Case Study
Largest Private Sector Bank
Leading financial institutions in India renowned for its extensive financial services, catering to the diverse needs of individuals, businesses, and corporates. The bank has branches in around 3800+ cities and utilizes technological advancements to the fullest to provide efficient service to its customers.
Problem
One of the leading financial institutions in India needs to automate the data extraction from documents, improve customer onboarding process, and also needed a stringent verification system to identify fraudulent activities.
Solution
KYCsense is an intelligent AI system that can accurately extract data from a document and also takes care of compliance management. Therefore, the bank can verify customer applications and onboard them in a short span of time.
Result
With 97% accuracy and a 100% success rate in the automation process, the bank was able to accelerate customer onboarding by 70% and reduced operational costs by 40%.
Case Study
Leading German Automotive Manufacturer
A renowned German automotive manufacturer known for consistently pushing the boundaries of automotive engineering and design has built a reputation for producing exceptional vehicles that embody elegance, cutting-edge technology, and uncompromising quality.
Problem
The automobile manufacturer needs to convert huge volumes of CAD/JT files to illustration files. Since more than 70% of the process relied on human resources, the manufacturer was not able to effectively collaborate and communicate design concepts throughout the design & manufacturing process.
Solution
An AI system with advanced NLP & computer vision technology was deployed to automate the CAD/JT file to illustration file conversion process. The system automatically traces the CAD file images and converts them into accurate illustration vector images.
Result
70% of the process was automated. Because of the high- quality illustration vector images, the team can better communicate complex design concepts, and the overall productivity increased by 30%.
Case Study
Southeast Asian Airline
Here’s how Southeast Asian Airline achieved a cost reduction of 25% The aviation industry faces significant challenges in handling vast amounts of data and documents - Job cards, Task cards, Product manuals, Reports etc., which come in various formats, such as handwritten copies, images, scanned copies, and unstructured information. Additionally, Southeast Asian Airline saw the data dispersed across different locations on the ground and in the air. Particularly in aircraft maintenance, crucial technical data is fragmented among engineers, making it challenging to maintain error-free records, ensure safety, and provide accessibility to all teams.
Problem
The biggest challenge in aircraft maintenance starts from handling documents in different formats - Handwritten copies, scanned copies, images, unstructured information etc and retrieving information from records take several hours of time and human resources.
Solution
Aerobot's intuitive knowledge base and recommendation engine make it the best companion for technical service engineers. The platform automatically identifies events, faults and defects, correlates Engine-Product-Part, produces reports of the troubleshooting actions taken to resolve a defect, and provides an optimal solution.
Result
The implementation of this technology has led to cost reductions of 20% to 25%, as the efficiency gains have streamlined operations and reduced expenses. Additionally, manual efforts have been reduced by 22% to 30%, freeing up valuable resources and enabling employees to focus on higher- value tasks.
Case Study
Leading European Automotive Brand
A Leading European Automotive Brand has a global presence and is very successful. Being in a global business, they had team members from all across the world. The whole team works together to build, design, and make advanced automotive models that people love in each part of the world.
Problem
Leading European Automotive Brand with multilingual stakeholders and team members across the globe has difficulty communicating ideas and collaborating on tasks.
Solution
An AI-powered speech-to-text translation system that can dynamically translate communications in multiple languages, and transcribe discussions with the help of a powerful NLP system. Plus, it automatically tags important meeting notes & information for easier retrieval.
Result
With a 97% translation accuracy rate, the team members of the Leading European Automotive Brand with multiple languages can easily communicate and exchange ideas without any language barriers.
Case Study
Decoding Bank Statements for Insights and to Hassle-free Loan Processing with RecoSense AI
A renowned Non-Banking Financial Company (NBFC) focused on providing crucial financial support to micro-entrepreneurs in rural India, specifically targeting smaller towns.
Problem
One of the leading NBFC companies in India needs to automate the data extraction from documents, and customer verification, and speed up the mortgage loan processing with higher accuracy
Solution
RecoSense lending process automation solutioncan accurately extract data from banking statements, income proofs, and credit histories, and also takes care of compliance management. Therefore the NBFC company can significantly reduce the time required for evaluation and improve the process time.
Result
RecoSense lending process automation solutioncan accurately extract data from banking statements, income proofs, and credit histories, and also takes care of compliance management. Therefore the NBFC company can significantly reduce the time required for evaluation and improve the process time.
Case Study
Explore how Recosense AI solution automates tax preperation workflows
A top-tier firm in the American taxation and financial advisory sector has been dedicated to providing expert financial guidance and support to individuals and businesses. With a commitment to delivering unparalleled service and embracing cutting-edge technology, the prominent taxation and accounting firm in the USA aims to empower its clients to navigate the complex landscape of taxes and finances with confidence.
Problem
Processing vast financial data manually burdened a prominent taxation and accounting firm in the USA, leading to inefficiencies, errors, and tedious compliance challenges. The traditional approach hampered tax statement analysis, jeopardizing accuracy and requiring extensive manual efforts from CPAs and CAs.
Solution
Implementing an advanced AI platform revolutionized tax preparation for the firm. Automation streamlined document classification, query responses, and data extraction, reducing manual efforts significantly. The system's intelligent features enhanced accuracy, compliance, and overall efficiency, alleviating the challenges faced by CPAs and CAs.
Result
The leading American taxation and financial advisory firm has seen transformative efficiency gains since integrating AI, including faster and error-free tax preparation. The platform's proficient data extraction and responsive querying have elevated service quality, solidifying the firm's position in the taxation and accounting industry.