Velos

Velos is a sophisticated AI automation platform designed to function as an intelligent 'AI workforce' for your company's back-office operations. It moves beyond the limitations of traditional automation tools by tackling complex, nuanced, and manual tasks that typically require human judgment. Unlike brittle, rule-based Robotic Process Automation (RPA) or costly offshore teams, Velos leverages advanced AI to handle ambiguity and process unstructured data, effectively putting your most tedious workflows on autopilot.

The platform is engineered for organizations in data-intensive sectors such as insurance, finance, and government, where accuracy, security, and efficiency are paramount. Velos empowers these organizations to modernize their mission-critical processes, freeing up valuable human resources to focus on high-value strategic activities rather than repetitive data handling.

How to use Velos

Velos offers a streamlined, four-step process to build and deploy powerful automations:

1. Connect Your Data: Easily integrate messy and disparate data from any source. Velos can connect to APIs, email inboxes, cloud storage like Google Drive, and directly process documents like PDFs and Google Sheets. This step is designed to be user-friendly, requiring no engineering intervention.
2. Create Custom Rules: Tailor the AI's behavior to your specific needs. You can define what data is important, add logic rules to handle edge cases and variations, and implement data cleaning protocols. This ensures the AI assistant makes smart, context-aware decisions that align with your business processes.
3. Flag Discrepancies & Improve: Velos incorporates a 'human-in-the-loop' system. When the automation encounters an issue or a low-confidence result, it flags it for human review. Any corrections or feedback you provide are automatically used to train and improve the AI's accuracy over time, creating a system that gets smarter with use.
4. Push Your Data: Once the data is processed, cleaned, and structured, Velos pushes it to the systems where you need it most. It integrates seamlessly with tools like Google Drive, Airtable, NowCerts, and other industry-specific platforms, ensuring your work doesn't end within the Velos ecosystem.

Core Features of Velos

• AI-Powered Data Extraction: Automatically extracts and structures information from unstructured sources like PDFs, emails, scanned documents, and spreadsheets.
• End-to-End Workflow Automation: Manages the entire process from data intake, processing, and AI-driven decision-making to final output and integration.
• Customizable Logic Engine: Allows users to define complex rules, handle exceptions, and guide the AI to manage nuanced tasks that standard automation tools cannot.
• Human-in-the-Loop Feedback System: A collaborative mechanism where humans can review, correct, and validate AI outputs, with each interaction enhancing the model's future performance.
• Seamless Integrations: Offers robust connectivity with various data sources (APIs, email, cloud storage) and destination applications (CRMs, ERPs, industry-specific software).
• Enterprise-Grade Security & Compliance: Adheres to strict data privacy standards, including GDPR, CCPA, and HIPAA compliance. Customer data is never used for training, and each client's instance is fully isolated.

Use Cases for Velos

Velos is versatile and can be applied across various industries:

• Insurance: Automating claims processing, data entry from ACORD forms, policy underwriting and administration, and compliance verification.
• Finance & Private Equity: Streamlining due diligence by extracting data from financial reports, automating invoice processing, and monitoring portfolio company performance.
• Government: Modernizing legacy systems by automating the processing of applications, managing public records, and ensuring regulatory compliance with speed and accuracy.
• General Back-Office Operations: Automating expense report classification, identifying and removing duplicate records, and migrating data between different systems.

Advantages of Velos

Velos offers a significant competitive edge over other solutions:

• Handles Complexity & Ambiguity: Unlike rigid RPA bots, Velos is built to interpret and process unstructured data and handle tasks with inherent ambiguity.
• Reduces Operational Overhead: Minimizes reliance on expensive BPOs or offshore teams, leading to substantial cost savings and reducing human error.
• Scalable AI Workforce: Scales operations effortlessly to handle growing volumes of work without the proportional increase in cost associated with hiring more staff.
• Continuous Improvement: The platform's performance and accuracy evolve and improve over time through the human-in-the-loop feedback mechanism.
• Holistic Automation: Provides a true end-to-end solution, not just a simple connector between applications.

Pricing and Plans

Velos operates on a custom pricing model tailored to the specific needs, complexity, and volume of workflows for each organization. To receive a detailed quote and understand how Velos can be implemented in your operations, prospective clients are encouraged to book a demo with their team.