""Capsilon"":http://www.capsilon.com/ announced Wednesday that the company has been issued a patent for specific Capsilon systems and methods for intelligent paperless document management.
[IMAGE]The business patent, Capsilon's second, extends the capability of the company's 2010 patent to cover automated document recognition technologies. These technologies reduce 90 percent of manual labor required for each transaction to sort and name loan documents. The new patent applies to Capsilon's document management process, which enables users to label, organize, store, and navigate loan documents in the lender's preferred stacking order. The company's patented technologies automatically identify and index incoming images from any source and send them to the appropriate electronic folder.
[COLUMN_BREAK]""Our patents address the growing need among lenders for a technology that receives, organizes, and stores the mortgage industry's billions of pages of information without requiring hundreds of hours to be spent organizing or accessing them,"" said Capsilon CEO Sanjeev Malaney. ""It is not enough for lenders to simply digitize loan folders. In order to collaborate efficiently and enhance business processes, they have to easily access, store, organize, and navigate through loan documents. Our intelligent document management process does just that, and further establishes Capsilon as a leader in the industry.""
Founded in 2004, Capsilon is a San Francisco-based provider of cloud sharing and collaboration solutions.