Data management and portfolio software provider NeoXam has launched AI-powered Intelligent Document Processing (IDP) to automate the ingestion, classification, extraction, validation and routing of unstructured financial documents across private markets and other sectors.This product addresses the growing volume and complexity of private-asset documentation, such as capital calls, distribution notices, and quarterly fund statements.IDP is a type of software that combines multiple technologies like optical character recognition (OCR), artificial intelligence and machine learning to process, understand and extract data from documents, transforming unstructured data into structured data for use in business systems.IDP classifies each document, extracts required data fields and maps them to standardised schemas relevant to private-market data models.The technology uses large language model-assisted parsing to enhance the recognition of domain-specific terms and layouts, while AI-based validations flag anomalies for review.Neoxam said the solution is built for asset managers and servicers facing document sprawl, which causes fragmentation, slows onboarding and creates audit gaps.
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