Overview

Paperclip Inc. is a 32-year-old SaaS innovator providing solutions focused on critical content, documentation, and security. Paperclip’s Mojo solution uniquely combines machine learning and crowdsourced human intelligence to transcribe, translate and interpret data with greater accuracy and speed than ever before. Since its launch in 2014 Mojo, a patented technology, has provided clients a competitive advantage unlike any other. Currently, Mojo achieves a 99.9% accuracy rate through machine learning, predictive analytics, and human verification on questionable results.

The Challenge

For years, the consolidation of commission reports across product companies has been a laborious process lending itself to human error. Commission statements are unstructured reports, variable in nature, with different presentations and nomenclatures across manufacturers and products. Populating commission databases is labor intensive, requires training personnel for data entry, is subject to human errors, and lacks scalability requiring higher human capital costs. This results in delayed reporting and payout of commissions.

Example: An organization processes on average 725 commission statements per month for 45,000 transactions. Each commission statement is manually downloaded from their respective sources. Using three FTEs, the entire process takes 104 days to achieve reporting and pay out. Estimate $40K ($16/hr.) cost in labor.

The Solution

Mojo takes our proven “straight-though process” model to a new level of automation and accuracy for unstructured documents. With Mojo you can onboard commission statements seamlessly, eliminating the need for facilities, human resources, security, training, and more. Estimate ~$8K Mojo cost for the same volume. Mojo offers an 80% Cost Saving and a 95% reduction in time to process (minutes not days), near real time flow of commission data ready to report and payout.

Mojo Results:

• Mojo saves valuable resources by capturing data across disparate commission statements and normalizing it into a single format for ingestion.
• Organizations avoid typing, indexing, and human errors in favor of having Mojo automatically file both data and images into the Paperclip Virtual Client Folder document management system.
• Mojo processes commission statements near real-time giving a higher level of service to your producers.
• Mojo’s machine learning technology digitizes, transcribes, and interprets data fields supported by human verification to achieve true accuracy.
• Mojo offers the Zero Trust Architecture highest level of data security with SAFE, beyond encryption.