Introducing
OCRMagic2
AI powered audit automation tool that saves 60% of the engagement time!
Effortlessly ask questions, conduct audit tasks, and create documentation in moments using conversational language.
About OCRMagic
OCRMagic represents a groundbreaking advancement in OCR technology, which, despite its existence for over three decades, has historically struggled with the recognition of tabulated data. By harnessing recent advancements in Large Language Models (like ChatGPT) and AI graphic analysis, OCRMagic transcends these limitations, offering unparalleled ability to comprehend tabulated data and extract meaningful context. This high-accuracy context extraction capability positions OCRMagic as a powerful tool for creating value-added automation software tailored to professional domains, such as auditing and legal services, revolutionizing the way professionals interact with and process their critical data.
Product Lines
OCRMagic 1.0
Optical Character Recognition (OCR) is crucial in digitizing operations in accounting and law firms, enhancing efficiency and reducing paper usage. It streamlines tasks, freeing up time for more critical work.
However, traditional OCR tools often struggle with accuracy, especially with tabulated or poorly readable documents. This is a significant issue in accounting and legal where precision is essential.
OCRMagic addresses this with its Context-Aware, AI-powered OCR solution. It's designed to understand the context and formatting of the data, and correcting errors with the understanding. Trained on millions of documents, it offers an accuracy rate of 99.999% and is available for both desktop and mobile platforms.
OCRMagic2.0
(Coming 2024)
On average, tasks like Testing, Analytical Procedures, and Reconciliation make up over 60% of the billable hours in auditing and lead to the printing or photocopying of tens of thousands of pages for each audit.
OCRMagic2 is an AI-based, conversational style cross-platform tool, and it automates these tasks in a matter of seconds. Designed with container safety, it ensures client data never leaves the engagement's secure sandbox.
OCRMagic3.0
(Future Plan)
Legal research and case referencing, typically involving extensive paperwork (over 2,000 pages per case!), are crucial yet resource-intensive aspects of legal practice. OCRMagic3 addresses this challenge by digitally transforming the way legal documents are handled. It simplifies the process by extracting relevant context from cases and providing digital references to legal documents, significantly cutting down on the need for printing and photocopying. This approach not only saves time but also contributes to a more sustainable and efficient legal workflow. With OCRMagic3, lawyers can easily access and manage their crucial documents in a more streamlined, eco-friendly manner.
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We offer tailored services to suit your specific requirements. We invite you to reach out to us for a solution that perfectly fits your firm's needs. Request a call today.
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