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ClearDox helps commodities companies turn manual, paper-based processes into a competitive advantage. The ClearDox® Spectrum intelligent document processing (IDP) solution reduces costs, mitigates risk and improves productivity by automating processes related to invoice processing, trade confirmations, inventory management, movement actualization and more.
Spectrum, originally developed to solve data entry and reconciliation challenges for a global commodities merchant, handles both digital and handwritten documents. It classifies, extracts and reconciles data using advanced technologies such as AI, ML and NLP to ensure the highest level of accuracy before integrating it into CTRM, accounting, scheduling, risk management and other downstream systems.
Spectrum can be hosted in the cloud or on-premises. An out-of-the-box solution that’s easy to get up and running — and even easier to use — Spectrum has been trusted by companies including Gulf Oil, PBF Energy and Freepoint Commodities to process hundreds of thousands of documents since 2018.