Opendata, web and dolomites

Archii

Unrivalled AI powered document handling and data extraction system

Total Cost €

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EC-Contrib. €

0

Partnership

0

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 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.

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

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 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.

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