Achieve 90% Faster Document

Processing and Automated

Business Decisions with

Lumen AI

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Zero Manual Interventions, Maximum Efficiency

Automate end-to-end document processing without any manual interruption.

step1
Documents Classification and Indexing
step2
Data Extraction and Entry in the System
step3
Data Fields Comparison across Documents
step4
Completeness Check of Documents
step5
Business Rules Validation on Document Data
step6
Document Summarization
01 Trained models for identifying documents and grouping them into categories.
02 Automatic data extraction from complex and lengthy documents such as tables, images, and free text paragraphs.
03 Comparison of specific data fields across documents to ensure consistency and accuracy.
04 Automated validation of complete and signed forms and included pages.
05 Verification of document data using specific checklists and rules.
06 Creation of summaries and commentaries on documents for review or approval.

Work Smarter, Not Harder!

timer Process documents in sub-second latency
automate Automate up to 90% of manual processes
dollor Save up to 50% operational costs

Reimagine your workflow with Lumen AI

Your fully customizable, lightning-fast, and ultra-secure document extraction solution is here.

Keeps your documents secure

Our in-house solution ensures complete security and privacy for all your processed documents. No need to worry about data breaches with our deployment within your environment.

Fully customizable for your needs

One size does not fit all when it comes to data extraction problems. That's why our solution, developed entirely in-house, can be easily customized to cater to your specific requirements.

Quality assurance and dashboarding

Say goodbye to inaccuracies and errors in extracted data with our inbuilt data validation checks and intuitive dashboard. We prioritize accuracy in all our processes.

Template agnostic - Handle any document

From tables, handwritten notes, images, PDFs to free texts, our solution can handle any document type thanks to its template agnostic nature. No need to worry about different layout and format complexities.

Lightning - Fast processing speed

Lumen AI can quickly learn new documents, even with multiple variations, in just two weeks. Once trained, it can process 50,000 documents in just 6 hours - now that's fast!

Strike up a conversation with GenAI

We integrate with GenAI to bring you an added layer of functionality. With our chatbot integration, you can easily query the extracted data and get quick responses.

Scale up without any worries

Thanks to our use of distributed computing, our solution is highly scalable and can effortlessly process large volumes of documents without any roadblocks.

Unmatched accuracy and coverage

With achieved accuracy of 95% and coverage of 90% on all processed documents, our solution sets the bar high in terms of precision and completeness. Trust us for reliable and accurate results.

One tool, many use cases

Lumen AI is making its impact felt in various industries with its advanced and efficient data

extraction and automation solutions.

Industry Use Case Document Solution
Insurance
Automated approval of claims Claim forms (Manual & Digital) Automated data extraction from claim forms and application of business rules for seamless and accurate approval of claims.
Insurance
Product analytics Insurance policies, Claim documents, Accord forms Intuitive BI reports and insights generated from extracted data for comprehensive and data-driven decision-making.
Healthcare
Automation of patient referral process Patient referral forms Swift processing of referral forms and integration with HMS for efficient management of patient referrals. 
Banking
ID verification, Summary of CAMs Government ID documents, Credit approval memos Extraction of relevant data points, summarization of CAM documents, and sentiment analysis for enhanced decision-making.
insurance
Insurance

Use Case

Automated approval of claims

Document

Claim forms (Manual & Digital)

Solution

Automated data extraction from claim forms and application of business rules for seamless and accurate approval of claims.

insurance
Insurance

Use Case

Product analytics

Document

Insurance policies, Claim documents, Accord forms

Solution

Intuitive BI reports and insights generated from extracted data for comprehensive and data-driven decision-making.

insurance
Healthcare

Use Case

Automation of patient referral process

Document

Patient referral forms

Solution

Swift processing of referral forms and integration with HMS for efficient management of patient referrals.

insurance
Banking

Use Case

ID verification, Summary of CAMs

Document

Government ID documents, Credit approval memos

Solution

Extraction of relevant data points, summarization of CAM documents, and sentiment analysis for enhanced decision-making.

Here's how Lumen AI transformed businesses

cs1

Cash application made effortless for a data tech company

A data tech company was able to automate their cash application process and reduce their unapplied funds by 90%.

Read more...

cs1

Automating Credit Assessment Memo (CAM) document processing for a leading Indian bank

A leading Indian bank could speed up the processing of Credit Assessment Memo documents, reduce manual intervention, and increase efficiency by 10x.

Read more...

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Automating Bill of Lading data extraction for a shipping company

A leading shipping company was able to automate 80% of their document processing and decrease their cost per document from $1 to just 5 cents.

Read more...

Our solution across industries

Mortgage

A faster, error-free loan approval process, significantly reducing the time and effort traditionally required.

Insurance

Quickly and precisely pulls key data, simplifying claims, policy handling, and risk evaluation.

Retail

Efficiently optimizing inventory management, customer insights, and sales tracking.

Finance

Boosting speed, accuracy, and satisfaction, we elevate financial institutions to peak efficiency and competitiveness.

SHIPPING & LOGISTICS

Efficiently handling and processing bills of lading, reducing paperwork and manual interventions for streamlined operations and better tracking accuracy.

HUMAN RESOURCES

Automating resume parsing, candidate screening and employee data management for a streamlined hiring process and improved HR operations.

What our happy customers have to say

quote

I couldn't believe how quickly our insurance claims were processed after we started using Lumen AI. It used to take days, but now it's just a matter of seconds! And the best part is, the accuracy is so much better too. Our customers are happy, and so are we.

Senior Manager, (USA)

Insurance Claims, Leading Health Insurance Provider

quote

Lumen AI played a crucial role in helping us develop our new flood insurance product. With their advanced technology, we were able to analyze a massive amount of data in record time. It's amazing how they were able to give us real-time insights that helped us bring this product to market much faster than we expected.

Product Head, (Europe)

Top FinTech Company

quote

Our underwriting process has never been smoother since we started working with Lumen AI. Their innovative technology takes care of data extraction and analysis from various documents, which has significantly reduced errors and improved decision-making. We can now issue policies much faster, and our customers are delighted with the service.

Chief Underwriting Officer

Fortune 500 Insurance Company

quote

We remember the days when processing patient referrals was a nightmare. But thanks to Lumen AI, those days are behind us. Their automation system has streamlined the entire process, from extracting data from referral forms to integrating it with our HMS. It's made our lives so much easier.

Medical Record Supervisor, (USA)

Large Hospital Chain

quote

It was crucial for our bank to have a reliable ID verification system, and Lumen AI provided just that. Their technology extracts all the relevant data points from government ID documents, giving us a comprehensive and accurate verification process. We can now onboard clients faster and with more confidence.

Head of Compliance

Global Bank

quote

We're blown away by the capabilities of Lumen AI in analyzing credit approval memos. They not only extract the necessary data but also provide a summary and even perform sentiment analysis on the documents. It's a game-changer for our underwriting process and has significantly improved our decision-making.

VP - Credit Underwriting

Major Credit Card Company

See how our tool optimizes your operations and boosts efficiency.

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Cash application made effortless for a data tech company:
problem

Business Challenge

A leading Indian bank was facing challenges with the speed of processing Credit Assessment Memo (CAM) documents. These documents, which contained vital information for loan applications, were typically large (50-100 pages) and complex, with information spread across nested tables, lists, and paragraphs. The manual effort required by loan officers to process these documents led to a slow turnaround time of 2-5 documents per day. 

problem

Our Solution

Using Lumen AI, we:

- Implemented an intelligent document processing system to extract data from the BoL documents.

- Successfully processed 9.6 million documents, with 2.4 million still undergoing the process.

- Trained the AI model to recognize and extract the required fields from remittance advices

- Trained the AI model to accurately extract required data fields from the documents.

problem

Result

- Accelerated data extraction process with 80% automation

- Decreased manual effort and human errors

- Significant cost savings with a reduced cost of 5 cents per document

- Trained AI model for future document processing tasks

- Reduced cost per document to 5 cents from previous $1