Ripcord Review: Pricing, Features, and integrations 2023
There’s only so much you can do with data on paper. Instead of managing paper documents to complete tasks in the workplace, you can digitize your data. By transforming your documents into powerful digital files, you can preserve valuable records and ensure easy accessibility for remote work and collaborative projects. Ripcord is one of the tools that help businesses make the most of data.
The platform combs through all your paper documents, transforming them into a digital version of data in any document type. This, in turn, allows you to create a more efficient workplace built on data that is easy to access and ready to use. In this article, we’ll discuss Ripcord, its most notable features, pricing, and terms of service to know if it’s the next best solution for your organization.
Ripcord Overview
Ripcord is a document digitization platform that helps companies transition from paper-based documents to digital formats. It simplifies data to manage, search, and share across all your business’s platforms. Ripcord leverages the best digitization tactics to ensure paper documents are part of your company’s digital files.
Since its founding in 2015, the platform has pioneered how organizations work with documents through advanced robotics and AI technology. Ripcord is constantly revolutionizing the Intelligent Document Processing market, as it has helped several enterprises, including the IRS, digitize tax records.
The CEO, Sam Fahmy, aims to make Ripcord a platform that solves business’s complex digitization challenges while helping them deliver outstanding consumer and employee experiences. Ripcord is backed by leading investors like Google Ventures, Kleiner Perkins, Baidu, Icon Ventures, Legend Star, Lux Capital, and Silicon Valley Bank.
The company has a track record of providing document understanding, content management, and document digitization in one solution. With Ripcord, clients like Coca-Cola, Energetive, and MUFG have been able to drive growth and development at a global scale.
- Established: 2015
- Founder: Sam Fahmy, Steve Woznaik
- Offices: Silicon Valley, California
5 Core Features of Ripcord
Expert Opinion
Rating: 4.6/5
Ripcord is a document digitization platform that makes data easy to access and ready to use, with data capturing, document scanning, and cloud-based storage features.
Companies that want to reduce the manual work handling documents will find Ripcord beneficial. The tool provides solutions for human resources, insurance, government, energy, manufacturing, and financial sectors.
For example, you can opt for its government solutions to capture paper-based documents, classify files, and ensure consistency in your archives. Undoubtedly, this helps to save time and money while enabling public service agencies to be more responsive. The platform’s speed in transforming paper records into digital is excellent.
However, Ripcord doesn’t display any information about its toolkit on its website. Customers would benefit more from this transparency as they know the tools and features to expect before contacting the sales team.
The platform uses optical character recognition (OCR), natural language processing (NLP), and machine learning (ML) to classify paper documents and extract the most valuable data for your business’s process.
We found these features impressive, as any business can use them to intensify its content management efforts. With Ripcord, you can create a standardized document format in terms of type, content, and layout. Ultimately, this document digitization platform is crucial for helping organizations fully turn traditional paper files into digital documents.
Ripcord Notable Features
The following are Ripcord’s notable features:
1. Data Extraction
Ripcord’s platform offers optical character recognition (OCR) technology and machine learning (ML) models for extracting text content from paper documents. It makes them editable, searchable, and shareable in digital format.
Rather than employees passing papers among themselves and losing crucial information, this feature converts handwritten texts to machine-readable texts. Ripcord’s system leverages tools to achieve 99.9 percent accuracy with data extraction.
The platform extracts data from even the faintest papers. Whether there’s a vendor name, employee location, invoice number, item number, ID number, dollar amount, location, or date you need, Ripcord can extract and transform it into high-quality digital files.
2. Canopy Content Storage
Just as you’ll need shelves to store paper documents, Ripcord provides canopy content storage. It stores a company’s digitized files in a cloud, providing a secure and accessible storage option.
Remote companies and cross-functional teams will appreciate this feature because it allows easy access to documents from anywhere. Besides, you can integrate Ripcord’s canopy content storage within your business’s infrastructure. This way, you can put your company’s data to work precisely where needed.
3. Document Digitization
Ripcord uses robots to turn paper documents into PDFs. These robots help handle documents carefully, preventing damage to the original material. What’s more, they simplify the process of grouping files, removing staples or binders, and feeding documents into a scanner.
With document digitization technologies like computer vision (CV), Ripcord enables your computerized systems to read visual content without hassle. It’s no news that computers can’t understand visuals like people do. However, they can analyze and identify information from images on paper through CV.
For example, the Ripcord system can recognize a personnel file, save the professional photo on the document, and add it to your company’s database of employee photos alongside the correct name. This feature allows you to minimize human interaction and error associated with physical documents. With Ripcord’s solution, you can digitize your data with 99.95 percent accuracy.
4. Metadata and Tagging
Ripcord’s platform offers tools for tagging documents with keywords. This makes it easy for employees to find data quickly. Instead of manually matching documents like packing slips, purchase orders, invoices, and receipts, this feature fully automates the process.
Once your company’s data is digitized and searchable, you never have to waste money and time looking for documents. With Ripcord’s metadata and tagging, sending invoices or providing proof to customers by consulting the appropriate records becomes a walk in the park.
5. Document Management
Going digital requires you to have accurate and well-organized data for business efficiency. Luckily, Ripcord provides document management tools for classifying and logically splitting documents.
For example, the platform can detect if a document is a certificate, receipt, bill, invoice, or other type of record. Unlike most digitization platforms, Ripcord also offers Natural language processing(NLP) for automating your document management process.
NLP enables the platform to understand the structure and meaning of texts. While OCR captures and extracts text, NLP provides context. With document management, your company can gain insights from unstructured data.
Ripcord Tool Integrations
Ripcord supports integration with other services and software, improving document management within existing workflows. This document digitization tool works seamlessly with Abstract and Oracle, making handling and managing digital documents more efficient.
1. Abstract
To bring the power of generative AI to its customers, Ripcord integrates with Abstract. Abstract is an AI-powered summarization bot that generates concise and coherent summaries of lengthy texts. This integration helps users streamline the process of extracting vital information and improves efficiency in content consumption.
It also comes in handy for translating documents in multiple languages. With Abstract, businesses can easily determine whether specific content is relevant to their needs. Overall, it removes the tedious work of searching for particular information in documents.
2. Oracle ERP (Enterprise Resource Planning) Products
This is a valuable addition to Ripcord’s toolkit, enabling seamless document management within the ERP system. The integration between Ripcord and Oracle makes accessing documents related to financial transactions, inventory, and procurement easy.
This allows you to modernize your business’s process. With it, you can automate the approval of multiple documents like invoices and purchase orders, ensuring they move seamlessly through the approval chain within the ERP.
Documents also become quickly searchable within the Oracle ERP, as employees can locate files associated with specific projects or transactions. This integration can also improve your vendor and supplier relationship by providing a centralized location for tracking and managing all essential transactions.
Ripcord Pricing and Plans
Ripcord doesn’t have its pricing and plan details on its website. You need to contact their customer support for a custom quote. Considering that the tool offers solutions for various industries, its pricing will likely vary depending on the features, scale, and requirements of your company.
Hence, they require potential customers to contact them directly. This way, Ripcord can understand customers’ needs better and provide a more accurate quote. Contact its support team for pricing.
Terms and Policies
Once you use Ripcord’s site, you’re responsible for maintaining your account’s confidentiality and password, as the platform cannot claim liability for any data theft or account misappropriation. Ripcord reserves the right to refuse or cancel service and terminate users’ accounts at its discretion.
The platform will not knowingly collect the personal information of persons under 13. However, individuals below the age of 18 require the permission of a parent or guardian to access the website. In compliance with data laws, Ripcord collects customers’ information to personalize and improve its services.
It stores your name, username, email address, postal address, phone number, business information, data storage preferences, employer’s name, job title, and transactional information. Note that Ripcord partners with third parties to manage its advertising on other websites. Thankfully, you can avoid seeing intrusive ads while browsing, as the platform allows you to opt out of third-party tracking by these cookies.
Customer Support
Ripcord offers 24/7 support via email and phone. Its support team works round the clock to assist customers. Besides, the platform comes with self-service reporting. That means users can report issues, incidents, and concerns to support@ripcord.com anytime. For security-related issues or concerns, it’s best to contact compliance@ripcord.com.
Remember that Ripcord’s help desk support doesn’t include first-level support services. They include training, setup, and access assistance, diagnosing problems originating from connected applications and user stores, and explaining service features. Use a business email when contacting this document digitization platform’s sales team for pricing. The form doesn’t accept emails from gmail.com.
A highlight of the platform’s customer support is the resources page, which features multiple knowledge-base blog posts. On this page, you can filter posts by topic, industry, and type, making it straightforward to select an article that answers your question.
You can also reach Ripcord through its social media pages or visit the headquarters.
Contact: +1 855-451-1053
Email: support@ripcord.comÂ
Corporate Headquarters
30955 Huntwood Ave Hayward
CA 94544, USA
Conclusion
As an organization looking to grow, there are a lot of valuable insights you can derive by transforming your physical documents into data. Ripcord combines artificial intelligence and machine language to eliminate manual data entry that could affect productivity or lead to lost revenue.
While human involvement plays a role in document management, the platform helps to greatly enhance efficiency and bring order to how you evaluate data. You can count on Ripcord to eliminate your business’s dependence on paper documentation. This, in turn, lets you save money on ink, printers, and paper. An optimized documentation system can benefit your employees, clients, and organization.
You can contact Ripcord’s customer support to determine if it’s a comprehensive solution for all your document processing needs.
Contributors: Yinka ODUFOTE (Technical Writer); Olumide OKESIPE (Graphic Designer)
