Datamatics introduces transparent pricing for TruCap+ GenAI to pioneer accessible GenAI technology
Datamatics, a global leader in Digital Technologies, Operations, and Experiences, has made a significant move in the Intelligent Document Processing (IDP) sector by announcing transparent and accessible pricing for its advanced GenAI version of the TruCap+ product. This strategic pricing revelation positions Datamatics as one of the first movers in the IDP software space, offering customers a clear and predictable cost framework for utilizing GenAI technology. The introduction of TruCap+ GenAI in November 2023, which is now widely available to customers, marks a pivotal advancement in automating data extraction from various document formats.
TruCap+ is an AI-powered IDP software designed to automate the extraction of data from structured, semi-structured, and unstructured documents without the need for templates. This technology facilitates greater straight-through processing (STP) accuracy and an intuitive user interface (UI), enhancing the user experience (UX). With its cloud-based architecture, TruCap+ ensures scalability, security, reliability, and seamless integration. The GenAI version, TruCap+ GenAI, brings the transformative power of GenAI to customers at an accessible price point, promising quicker implementation, reduced training times, and lower maintenance costs.
TruCap+ GenAI stands out for its ability to process complex and unstructured documents, such as legal texts, financial statements, medical images, and more, offering a natural language querying feature for analyzing extracted data. This capability is especially crucial in scenarios with limited data for AI model training and when swift turnarounds are required.
Mitul Mehta, EVP & Chief Marketing Officer at Datamatics, highlighted the core AI technology behind both versions of TruCap+, tailored to meet specific use cases. While the classic version of TruCap+ addresses semi-structured documents with moderate complexity, TruCap+ GenAI excels in dealing with highly complex and unstructured documents, enabling businesses to launch more rapidly. Mehta expressed pride in leading the industry towards transparent and accessible pricing for TruCap+ GenAI, allowing customers to plan their automation initiatives confidently without the fear of budget overruns, all while leveraging the benefits of GenAI technology.
Datamatics has also integrated GenAI capabilities into its Robotic Process Automation (RPA) product, TruBot, offering customers enhanced developer productivity, faster deployment, and cost savings in bot development and maintenance. This integration facilitates support for natural language interaction, with GenAI-powered TruBot provided at no additional cost to existing customers, reinforcing Datamatics’ commitment to driving digital transformation through innovation.