Welcome to our series called “Will it read?” hosted by Infrrd Intelligent Document Processing, where we will try to stump our AI-driven machine learning first solution by asking it to extract from the most complex kinds of documents.
In this episode, we focus on the 1040 individual tax return form from the year 2022. As we explore the intricacies of this document, we uncover the challenges faced by companies like mortgage lenders and asset assessors in extracting vital information such as the filer's identity, taxable income, and signature detection.
Join us to see how Infrrd's cutting-edge technology processes multi-page documents with exceptional efficiency and precision, extracting critical data fields with ease. With no need for prior training or extensive sample uploads, our platform revolutionizes the document processing landscape. In the end, Teresa and Rahul discuss the impressive adaptability of our system to annual changes in tax forms. Despite the form’s modifications from year to year, our platform successfully captures crucial data, ensuring reliability and accuracy in document processing. This adaptability is crucial for financial institutions that rely on up-to-date data to make informed decisions.
Episode 3 of Will it read? Here we show you a live extraction demo of tax documents from 2022. Take a look at how Infrrd IDP extracts data instantly and accurately.