The patents fortify InvestiNet’s machine learning-driven technologies to deliver operational excellence and transform client-consumer relationships.
GREENVILLE, S.C. – InvestiNet, a full-service collections network and leader in data processing and automation for the accounts receivables industry, is proud to announce that it has been granted two U.S. patents. These patents demonstrate InvestiNet’s commitment to developing technological improvements that redefine operational efficiency, improve compliance controls and continue to help deliver transformative results for our clients.
The first patent highlighted InvestiNet’s proprietary machine learning-driven Optical Character Recognition (OCR) technology. The invention speeds up data processing by enabling smarter and more automated classification and data analysis and extraction for legal documents, ensuring precise judgment verification for past-due accounts. The technology has set new benchmarks in efficiency, accuracy, and compliance by improving balance control, accelerating time to file, reducing internal resource costs, increasing data confidence and mitigating risk—all while strengthening consumer relationships with clients.
The second patent expands on the original patent by introducing a state-of-the-art data optimization system that transforms the handling of large volumes of legal documents. Leveraging InvestiNet’s patented OCR algorithms, the system automates data extraction and transformation, dramatically reducing human labor hours and accelerating processing times significantly. This innovation provides organizations with faster, more accurate results in their data-driven collections operations, simplifying complex processes.
“At Investinet, innovation drives everything we do – we are never satisfied with the status quo, said Brice Smith, founder and CEO of InvestiNet. “These patents underscore that commitment as we push the boundaries of what’s possible in OCR, data processing and automation. This groundbreaking technology transforms how our clients manage and utilize data, delivering exceptional efficiencies and value.”
InvestiNet, a SOC 2-certified company, has remained at the forefront of innovation and compliance in the collections space, and these patented inventions reinforce its dedication to providing unparalleled value for clients. By pairing innovation with an empathetic approach to collections in the way the company contacts past-due account holders, InvestiNet continues to set new standards for operational performance, client satisfaction and compliance excellence.