fileAI, a leader in AI-powered workflow automation, today announced the launch of its V2 platform. This next-generation solution is engineered to help enterprises and SMBs access, collect, and structure business data that is often trapped in unstructured formats, siloed systems, and disconnected databases. fileAI’s platform is poised to enable organizations across financial services, legal, insurance, and accounting to automate high-volume, high-stakes workflows with precision, building on its success of saving clients over 320,000 hours and $6 million in processing costs.
fileAI has launched its V2 platform, an AI-powered solution for file parsing and data collection.
The V2 platform aims to help enterprises and SMBs structure fragmented business data.
It targets industries like financial services, legal, insurance, and accounting for workflow automation.
Up to 80-90% of global business content is unstructured, hindering automation and AI adoption.
Key features include Beethoven/Decider models for data extraction, Match/Compare engine, and Answer Engine.
The platform has already saved clients over 320,000 hours and $6 million in processing costs.
Today, a significant portion—up to 80-90%—of global business content remains fragmented across various formats, including PDFs, spreadsheets, emails, and even handwritten notes. These disconnected systems and unstructured formats present major obstacles to effective automation and AI adoption within organizations. Rather than focusing solely on the end of a workflow, fileAI, leveraging years of research and development coupled with direct customer feedback, tackles the fundamental challenge of transforming fragmented, unstructured inputs into clean, structured data. Designed for speed, scale, and real-world adoption, the V2 platform features an MCP-ready architecture and flexible self-service pricing starting at $0.
“fileAI v2 is a game-changer for enterprises and SMBs struggling to unlock the value of unstructured data,” says Christian Schneider, CEO and Co-founder at fileAI. “Our focus has always been on the foundation, delivering the cleanest, most accurate data possible so AI workflows actually work. Even the slightest inconsistency results in costly errors. This isn’t just an upgrade, it’s a redefinition of what file intelligence can do.”
The fileAI V2 platform introduces several key features designed to enhance data handling and workflow automation:
Beethoven and Decider models: These models are engineered to parse, extract, and classify data from diverse file types, including contracts, images, free text, invoices, financial statements, and legal forms, with industry-leading accuracy. They adeptly handle variations in layout, language, and even handwriting, consistently ensuring precise results.
Match and Compare engine: This powerful engine automatically detects discrepancies, clause variations, and anomalies across documents, providing crucial support for compliance, risk management, and due diligence processes.
Answer Engine: This feature allows users to query, chat, and extract insights across multiple documents by leveraging both internal data and relevant web context.
fileAI Drive: A secure document repository featuring robust access controls and seamless integrations with popular services like Google Drive, Dropbox, and various APIs.
From enterprise developers to fast-growing startups, fileAI’s V2 platform simplifies the automation of complex document workflows. With advanced AI OCR and schema generation, the platform processes high volumes of documents with precision, consistency, and efficiency, regardless of their complexity or volume. Since 2024, fileAI has generated over 200 million AI schemas, leading to an estimated saving of 320,000 hours and $6 million in processing costs for its clients. Strategic partnerships with industry leaders such as Nvidia, Oracle, AWS, and Google further extend fileAI’s reach and solidify its position as a trusted solution for both startups and enterprises in an AI-driven future.
These advanced capabilities make fileAI particularly well-suited for industries where accuracy, trust, and compliance are paramount, including:
Financial Services: Streamlines transaction validation, KYC/AML procedures, reconciliations, and efficiently manages risk and regulatory requirements.
Legal Teams: Facilitates precise clause comparison, thorough contract review, and comprehensive compliance checks.
Insurance: Brings unparalleled speed and scale to claims processing, policy validation, and regulatory reporting.
Accounting: Simplifies invoice matching, enhances audit readiness, and streamlines expense tracking.
“fileAI has been a game-changer for our operational processes here at Daiwa Capital Markets Singapore Limited. It handles the complexity of our financial documents with ease,” says Charles Ong, Head of Finance. “Allowing us to automate key workflows with minimal manual input is essential to streamlining our record keeping of vendor payments and financial statement disclosure and reporting processes, and we look forward to scaling even further with the platform.”
“Organizations in financial services, legal, insurance, and accounting face mounting pressure to automate while navigating rising regulatory complexity and shifting market demands,” says Tim Prugar, Head of Product & Engineering at fileAI. “Instead of being held back by outdated processes and fragmented data, fileAI gives them the tools to access, structure, and act on critical information to drive successful business outcomes.”
fileAI is the leading AI-native workflow automation platform and the world's only horizontal file processing agent, designed to automate complex, unstructured data workflows at scale. Leveraging advanced predictive AI, vision language models (vLMs), and large language models (LLMs), fileAI simplifies data extraction, organization, and enrichment across diverse file types, including PDFs, spreadsheets, emails, text, and images.
Trusted by global enterprises such as MS&AD, Toshiba, KFC, DirectAsia, Nippon, and Keppel, fileAI processes over 200 million files annually, significantly enhancing productivity, reducing operational costs, and redefining efficiency for businesses worldwide. With support for over 200 languages, fileAI empowers organizations of all sizes to seamlessly transform high-volume, knowledge-intensive processes into accurate, fully automated workflows.
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