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Opendata, web and dolomites

Archii

Unrivalled AI powered document handling and data extraction system

Total Cost €

EC-Contrib. €

Partnership

Views

Outcomes and
results

Archii project word cloud

Explore the words cloud of the Archii project. It provides you a very rough idea of what is the project "Archii" about.

extensive founded solely converts position predicted accuracy successfully input ing provider improper vast documents time 95 smes organizes fit irrespective opt commercialize innovation thousand for manual training grow itself efficient generates intelligence accurate employees analysing archii expensive danish revenues document consuming penetrate business relies 32m amount inefficient corporations forcing content decisions 7 finds filename market companies launched compliance company location unmet dms 2021 worth turn once starts lost solution trained unfavourable contracts post play becomes nightmare benefits automatic expiry artificial organize sme fulfil gdrp comprise financial solutions risks plug cheap actionable intelligent implications missing model drawbacks inside scalable worldwide

Project "Archii" data sheet

The following table provides information about the project.

Coordinator	ARCHII APS Organization address address: RAVNSBORGGADE 8B/5 city: KOBENHAVN postcode: 2200 website: n.a. contact info title: n.a. name: n.a. surname: n.a. function: n.a. email: n.a. telephone: n.a. fax: n.a.
Coordinator Country	Denmark [DK]
Project website	http://www.archii.ai/what-we-are-all-about/
Total cost	71˙429 €
EC max contribution	50˙000 € (70%)
Programme	1. H2020-EU.3. (PRIORITY 'Societal challenges) 2. H2020-EU.2.3. (INDUSTRIAL LEADERSHIP - Innovation In SMEs) 3. H2020-EU.2.1. (INDUSTRIAL LEADERSHIP - Leadership in enabling and industrial technologies)
Code Call	H2020-SMEInst-2018-2020-1
Funding Scheme	SME-1
Starting year	2019
Duration (year-month-day)	from 2019-01-01 to 2019-03-31

Partnership

Take a look of project's partnership.

#	participants	country	role	EC contrib. [€]
1	ARCHII APS ARCHII APS Organization address address: RAVNSBORGGADE 8B/5 city: KOBENHAVN postcode: 2200 website: n.a. contact info title: n.a. name: n.a. surname: n.a. function: n.a. email: n.a. telephone: n.a. fax: n.a.	DK (KOBENHAVN)	coordinator	50˙000.00

Map

Project objective

For any SME, document management becomes a nightmare once it starts to grow and generates vast amount of legal and financial documents. The implications of improper document management range from missing/lost documents to unfavourable business decisions to non-compliance. To solve this problem, other companies have launched (intelligent) document management solutions (DMS), but these products often come with several drawbacks, e.g., product being project based and for large corporations, not plug-n-play (requires extensive pre-training), and still requires manual input from employees (not fully automatic). These drawbacks cause the existing solutions to become expensive, inefficient and time consuming, in turn, forcing SMEs to opt out.

ARCHII, a Danish SME, was founded solely to fulfil this unmet need of a highly accurate, efficient, fully automatic and cheap DMS for SMEs worldwide. The resulting solution - “Archii” - relies on artificial intelligence to identify and organize legal and financial documents. Archii has been trained with 50 thousand real company documents making it the only fully plug-n-play DMS for legal and financial documents available in the market. Archii finds and organizes documents by analysing its content (irrespective of location and filename) with 95% accuracy. Also, Archii converts information from inside each document into actionable intelligence (e.g. contracts’ expiry, GDRP risks etc.).

To commercialize Archii in 2021 and to penetrate a market worth 7$B, ARCHII needs to (1) improve product-market fit; (2) develop a generic, scalable business model; and (3) demonstrate and document the benefits of Archii to increase market awareness. These comprise the innovation project objectives (Phase-1 and -2). By successfully achieving these objectives, ARCHII will position itself as a leading DMS provider to SMEs worldwide, with predicted revenues of ~32M€, 5 years post-project.

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The information about "ARCHII" are provided by the European Opendata Portal: CORDIS opendata.