DDC FPO, a technology provider for the transportation and logistics industry, is launching its new Auto-Extraction & Structuring solution, which allows customers to automatically integrate data from various sources into their information management systems.
“Today, companies are inundated with a staggering 80% to 90% of unstructured data,” said DDC FPO Chief Information Officer Richard Greening. “Every label or form is unique. While there may be some standardization, the vast amount is free form. That 80% to 90% slows down operations."
According to a company press release, Auto-Extraction & Structuring uses machine-learning technology to cleanse and structure raw data from freight documents into vital information, applies client business rules, and transmits information via APIs to the client’s preferred system—all within seconds of receipt. In addition, the solution continuously refines its processing capabilities with each document processed.
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“Data and analytics are central to every freight operation, and optimizing for digitization is key for those providers pursuing a competitive advantage in the supply chain,” Greening explained. “To achieve that, one step is to ensure TMS and accounting systems obtain structured information at the time of pickup.”
Auto-Extraction & Structuring, by delivering data to customers’ preferred information management systems, has many benefits, according to DDC FPO. It can proactively route shipments, optimize capacity, and invoice customers in addition to consolidating data from diverse sources, including emails, PDFs, images, invoices, and paper files.
“We are dedicated to advancing the supply chain and modernizing the industry,” said Jan Trevalyan, DDC FPO’s group CEO. “Auto-Extraction & Structuring is fueled by DDC FPO’s 34 years of data capture experience, 18 years of freight expertise, and proprietary, cutting-edge technology.”
Trevalyan added, “With this solution, we are laying the foundation for true digital transformation in freight transportation.”
