Application

Quote Processing

Overview

Quote processing is a time-consuming and error-prone process that consumes many hours of manual effort. Leverage the power of AI to transform quote processing for greater productivity, efficiency, cost-savings and accuracy. The EyeMagic engine extracts structured content from a variety of formats of quote submissions. It also verifies other criteria based on a rules-based engine which enables automation of the entire workflow related to quote processing. Automate tasks such as verification of the no incident statement when required, concisely summarizing trace history and rejecting or approving the quote based on set parameters. Whether processing quotes for parts or entire items, you can accelerate cycle time and complete quote processing in mere minutes with no manual intervention.

Quote Processing

How it Works

Quote Processing

Benefits

Accelerate Process Cycle

Shorten process time by an exponential factor from days or weeks to mere minutes.

Accelerate Process Cycle
Minimize Costly Critical Errors

AI-powered accuracy minimizes the risk of errors while processing quotes.

Minimize Costly Critical Errors
Zero Manual Intervention

Lower costs and free manual resources by automating the workflow for quote processing.

Zero Manual Intervention
Summarize Trace History

Convenient summarization of trace history saves time and verifies whether the quote is acceptable.

Summarize Trace History
Leverage Rule-Based Automation

Automate multi-step workflows through rule-based automation that enhances productivity.

Leverage Rule-Based Automation
Process Multi-Format Quotes

Accurately process multiple formats of quote submissions from different vendors.

Process Multi-Format Quotes
Multi-Document Processing

Extract structured data from quotes, trace documents etc. to assess quotes.

Multi-Document Processing
Requires Just One-time Training

Train just once to your parameters and inputs, then deploy end-to-end automation.

Requires Just One-time Training

Case Study

Automate quote processing with the power of RAP AI.