Evolution AI

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Introduction: Evolution AI is an award-winning provider of intelligent data extraction solutions for financial documents. By leveraging generative AI, the platform extracts information from invoices, financial statements, and bank documents with human-level accuracy. The company provides both self-service and managed service options to accommodate diverse business requirements.
Monthly Visitors: 8.7K

Evolution AI Product Information

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.

How to use Evolution AI?

Users can utilize the self-service platform to configure document extraction via a point-and-click interface, or choose the managed service, where the Evolution AI team oversees the setup and quality assurance processes.

Evolution AI's Core Features

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

Evolution AI Use Cases

#1 Extracting data from financial statements for investment analysis
#2 Automating invoice processing to minimize manual data entry
#3 Analyzing bank statements for loan underwriting purposes
#4 Extracting key data points from legal contracts
#5 Processing trade finance documentation

FAQ from Evolution AI

What types of documents can Evolution AI process? +

Evolution AI extracts data from financial statements, invoices, bank statements, contracts, passports, driving licenses, and various other document types.

What service models does Evolution AI provide? +

Evolution AI offers both self-service and managed service options to align with different business needs.

How is Evolution AI priced? +

Evolution AI uses a per-page pricing model, with specific rates for bank statements, invoices, financial statements, and custom models. There are no annual license fees, implementation costs, or hidden charges.

Is there an annual fee for custom models? +

Yes, a £10,000 annual fee applies to custom models in addition to the standard per-page fees.

What does the managed service include? +

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

Evolution AI Pricing

Free

$0

Free plan available.

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