What is HyperScience?

HyperScience is an advanced automation tool designed to enhance business processes through intelligent automation and artificial intelligence (AI). The platform specializes in automating document processing, allowing organizations to handle large volumes of documents efficiently and accurately. By leveraging the power of AI and machine learning, HyperScience aims to streamline operations, reduce manual effort, and improve overall productivity.

With its recent FedRAMP® High Authorization, HyperScience demonstrates its commitment to security and compliance, making it a trusted choice for organizations operating in heavily regulated industries. The platform is particularly focused on transforming how businesses manage and process documents, making it a game-changer in the field of intelligent automation.

Features

HyperScience offers a variety of features designed to facilitate the automation of document-centric processes. Some of the key features include:

1. Intelligent Document Processing (IDP)

HyperScience utilizes IDP to extract data from various document types, including forms, invoices, and contracts. This feature enables organizations to automate data capture and reduce manual data entry errors.

2. High Accuracy and Automation Rates

The platform boasts impressive accuracy rates, achieving over 96% accuracy and up to 99% automation in document processing. This high level of precision ensures that businesses can trust the output and minimize the need for human intervention.

3. Integration Capabilities

HyperScience seamlessly integrates with existing systems and workflows, allowing organizations to automate processes without disrupting their current operations. This flexibility ensures that businesses can leverage the tool's capabilities without extensive overhauls.

4. Scalability

The platform is designed to scale according to the needs of the organization. Whether processing thousands or millions of documents, HyperScience can accommodate varying workloads, making it suitable for businesses of all sizes.

5. Custom AI Models

HyperScience enables organizations to build AI models tailored to their specific data and business needs. By utilizing their own data, businesses can enhance the accuracy and relevance of the AI models, leading to improved automation outcomes.

6. Partnership Ecosystem

HyperScience collaborates with leading technology providers such as Google Cloud and HPE to enhance its offerings. This partnership ecosystem ensures that users benefit from the latest advancements in technology and best practices in automation.

7. User-Friendly Interface

The platform features an intuitive user interface that simplifies the automation process. Users can easily navigate through the system, configure settings, and monitor performance without requiring extensive technical knowledge.

8. Comprehensive Reporting and Analytics

HyperScience provides detailed reporting and analytics tools that allow organizations to track performance metrics and gain insights into their automation processes. This data-driven approach helps businesses identify areas for improvement and optimize their operations.

Use Cases

HyperScience can be applied across various industries and use cases, demonstrating its versatility and effectiveness in automating document processing. Some notable use cases include:

1. Financial Services

In the financial sector, HyperScience automates the processing of forms, claims, and compliance documentation. For example, TD Ameritrade utilized HyperScience to quadruple its throughput, enabling the company to process millions of forms efficiently and comply with Know Your Customer (KYC) regulations.

2. Government Agencies

Government entities, such as the U.S. Social Security Administration (SSA), have leveraged HyperScience to automate the processing of retiree and survivor benefits documents. This automation has led to significant cost savings and improved service delivery for millions of veterans.

3. Insurance

The insurance industry benefits from HyperScience's ability to streamline claims processing. QBE, for instance, reported an 80% faster claims processing time by combining human judgment with AI, enhancing customer service and competitiveness in the market.

4. Transportation and Logistics

Companies like Hirschbach have partnered with HyperScience to automate the processing of transportation-related documents. By managing over 2.5 million documents, they have improved operational efficiency and ensured safe and reliable transportation solutions.

5. Healthcare

In healthcare, HyperScience can facilitate the automation of patient records, billing, and insurance claims processing. This leads to reduced administrative burdens, enhanced patient care, and improved financial outcomes for healthcare providers.

Pricing

While specific pricing details for HyperScience are not publicly available, it typically operates on a subscription-based model tailored to the needs of the organization. Factors that may influence pricing include:

• Volume of Documents Processed: Organizations with higher document volumes may incur higher costs.
• Customization Needs: Tailoring AI models and integrations may affect pricing.
• Support and Training: Additional services such as training and ongoing support may be offered at an extra cost.

To get accurate pricing information, interested organizations should contact HyperScience directly to discuss their requirements and receive a customized quote.

Comparison with Other Tools

When comparing HyperScience with other automation tools in the market, several unique selling points set it apart:

1. High Accuracy and Automation Rates

Many automation tools struggle to achieve the same level of accuracy and automation as HyperScience. With over 96% accuracy and 99% automation, HyperScience provides a competitive edge in ensuring reliable outcomes.

2. Custom AI Solutions

Unlike many tools that offer generic AI models, HyperScience allows organizations to develop custom AI models using their own data. This tailored approach enhances the relevance and effectiveness of the automation process.

3. Strong Focus on Regulated Industries

HyperScience is particularly well-suited for organizations in heavily regulated sectors, such as finance and government. Its FedRAMP® High Authorization highlights its commitment to security and compliance, making it a trusted choice for sensitive data processing.

4. Comprehensive Partnership Ecosystem

The partnerships with leading technology providers such as Google Cloud and HPE enhance HyperScience's capabilities, offering users access to cutting-edge technology and best practices that may not be available with other tools.

5. User-Friendly Interface

Many automation tools can be complex and require extensive training. HyperScience's intuitive user interface allows users to navigate the platform easily, reducing the learning curve and facilitating quicker adoption.

FAQ

1. What types of documents can HyperScience process?

HyperScience can process a wide range of documents, including forms, invoices, contracts, insurance claims, and more. Its intelligent document processing capabilities allow it to extract data from various formats efficiently.

2. How does HyperScience ensure data security?

HyperScience has achieved FedRAMP® High Authorization, demonstrating its adherence to stringent security standards. The platform employs robust security measures to protect sensitive data throughout the automation process.

3. Can HyperScience integrate with existing systems?

Yes, HyperScience is designed to seamlessly integrate with existing systems and workflows, allowing organizations to automate processes without significant disruptions to their current operations.

4. Is training available for new users?

HyperScience typically offers training and support to help organizations onboard the platform and maximize its capabilities. This may include user guides, webinars, and dedicated support teams.

5. How long does it take to implement HyperScience?

Implementation timelines can vary based on the organization's specific needs and requirements. However, many users have reported quick deployment times, with some seeing data flow within 5-6 weeks after agreement.

In conclusion, HyperScience stands out as a powerful tool for organizations looking to automate document processing and enhance operational efficiency. With its high accuracy, customizable AI models, and strong focus on regulated industries, it offers a compelling solution for businesses aiming to leverage the power of intelligent automation.