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Evolution AI

★4.1
💬2332
💲Paid

Evolution AI automates the extraction of critical data from financial documents using advanced AI technology. With options for self-service or fully managed services, it caters to businesses looking to streamline data processing while ensuring high accuracy and quality assurance.

💻
Platform
web
AI data extractionBank statement analysisDocument AIFinancial document processingGenerative AIIDPIntelligent Document Processing

What is Evolution AI?

Evolution AI is an award-winning company that provides intelligent data extraction from financial documents. It uses generative AI to extract data from financial statements, invoices, bank statements, and other documents with human-like accuracy. They offer both self-service and managed service options to suit different business needs.

Core Technologies

  • Generative AI
  • Intelligent Document Processing (IDP)
  • Cloud-based platform

Key Capabilities

  • Extract structured data from unstructured financial documents
  • Offer self-service and managed service models
  • Support custom model creation for specialized use cases
  • Ensure high accuracy through expert annotation and QA
  • Process a wide range of document types including contracts and bank statements

Use Cases

  • Automating invoice processing to reduce manual data entry
  • Analyzing bank statements for loan underwriting decisions
  • Extracting key data points from contracts for legal review
  • Processing trade finance documents for compliance checks
  • Facilitating investment analysis by extracting data from financial statements

Core Benefits

  • High accuracy in extracting data from complex financial documents
  • Trusted by global industry leaders for reliable performance
  • Advanced generative AI improves efficiency over time
  • Flexible pricing based on volume and service level
  • Exceptional customer support and dedicated QA workflow

Key Features

  • AI-powered data extraction
  • Generative AI technology
  • Self-service and managed service options
  • Custom model creation for specific document types
  • Data extraction from various financial documents

How to Use

  1. 1
    Choose between self-service or managed service options based on your needs.
  2. 2
    Upload financial documents to the cloud-based platform.
  3. 3
    For self-service, annotate and perform QA as required.
  4. 4
    For managed service, Evolution AI's experts handle setup and QA.

Pricing Plans

Self Service - Bank statements & invoices (100,000 pages)

£0.08 per page
Extract data with our cloud-based platform. Client performs document annotation and QA.

Self Service - Bank statements & invoices (25,000 pages)

£0.11 per page
Extract data with our cloud-based platform. Client performs document annotation and QA.

Self Service - Bank statements & invoices (500 pages)

£0.15 per page
Extract data with our cloud-based platform. Client performs document annotation and QA.

Self Service - Custom model (100,000 pages)

£0.37 per page
Extract data with our cloud-based platform. Client performs document annotation and QA. An annual fee of £10,000 will be charged in addition to page fees.

Self Service - Custom model (25,000 pages)

£0.45 per page
Extract data with our cloud-based platform. Client performs document annotation and QA. An annual fee of £10,000 will be charged in addition to page fees.

Self Service - Custom model (500 pages)

£0.52 per page
Extract data with our cloud-based platform. Client performs document annotation and QA. An annual fee of £10,000 will be charged in addition to page fees.

Managed Service - Bank statements & invoices (100,000 pages)

£0.13 per page
Full end-to-end service with human-in-the loop. Setup and quality assurance (QA) is performed by our team of expert annotators. Complete accuracy guaranteed.

Managed Service - Bank statements & invoices (50,000 pages)

£0.14 per page
Full end-to-end service with human-in-the loop. Setup and quality assurance (QA) is performed by our team of expert annotators. Complete accuracy guaranteed.

Managed Service - Bank statements & invoices (25,000 pages)

£0.15 per page
Full end-to-end service with human-in-the loop. Setup and quality assurance (QA) is performed by our team of expert annotators. Complete accuracy guaranteed.

Managed Service - Bank statements & invoices (10,000 pages)

£0.17 per page
Full end-to-end service with human-in-the loop. Setup and quality assurance (QA) is performed by our team of expert annotators. Complete accuracy guaranteed.

Managed Service - Bank statements & invoices (5,000 pages)

£0.20 per page
Full end-to-end service with human-in-the loop. Setup and quality assurance (QA) is performed by our team of expert annotators. Complete accuracy guaranteed.

Managed Service - Bank statements & invoices (1,000 pages)

£0.30 per page
Full end-to-end service with human-in-the loop. Setup and quality assurance (QA) is performed by our team of expert annotators. Complete accuracy guaranteed.

Managed Service - Custom model (100,000 pages)

£0.15 per page
Full end-to-end service with human-in-the loop. Setup and quality assurance (QA) is performed by our team of expert annotators. Complete accuracy guaranteed. An annual fee of £10,000 will be charged in addition to page fees.

Managed Service - Custom model (50,000 pages)

£0.19 per page
Full end-to-end service with human-in-the loop. Setup and quality assurance (QA) is performed by our team of expert annotators. Complete accuracy guaranteed. An annual fee of £10,000 will be charged in addition to page fees.

Managed Service - Custom model (25,000 pages)

£0.23 per page
Full end-to-end service with human-in-the loop. Setup and quality assurance (QA) is performed by our team of expert annotators. Complete accuracy guaranteed. An annual fee of £10,000 will be charged in addition to page fees.

Managed Service - Custom model (10,000 pages)

£0.30 per page
Full end-to-end service with human-in-the loop. Setup and quality assurance (QA) is performed by our team of expert annotators. Complete accuracy guaranteed. An annual fee of £10,000 will be charged in addition to page fees.

Managed Service - Custom model (5,000 pages)

£0.53 per page
Full end-to-end service with human-in-the loop. Setup and quality assurance (QA) is performed by our team of expert annotators. Complete accuracy guaranteed. An annual fee of £10,000 will be charged in addition to page fees.

Managed Service - Custom model (1,000 pages)

£0.75 per page
Full end-to-end service with human-in-the loop. Setup and quality assurance (QA) is performed by our team of expert annotators. Complete accuracy guaranteed. An annual fee of £10,000 will be charged in addition to page fees.

Frequently Asked Questions

Q.What types of documents can Evolution AI extract data from?

A.Evolution AI can extract data from financial statements, invoices, bank statements, contracts, passports, driving licenses, and other documents.

Q.What service options does Evolution AI offer?

A.Evolution AI offers self-service and managed service options to suit different business needs.

Q.What is the pricing model for Evolution AI?

A.Evolution AI prices per page, with different rates for bank statements & invoices, financial statements, and custom models. There are no annual license fees, implementation costs, or hidden charges.

Q.What is included in the managed service?

A.The managed service includes setup and quality assurance (QA) performed by Evolution AI's team of expert annotators, with complete accuracy guaranteed.

Pros & Cons (Reserved)

✓ Pros

  • High accuracy in data extraction
  • Trusted by global industry leaders
  • Advanced technology with generative AI
  • Exceptional customer service
  • One-stop shop for data extraction from any document
  • Self-learning improves accuracy over time
  • QA workflow ensures high-quality data

✗ Cons

  • Custom model creation involves an annual fee
  • Pricing varies based on the number of pages processed
  • The self-service option requires client annotation and QA

Alternatives

No alternatives found.