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Archii

Unrivalled AI powered document handling and data extraction system

Total Cost €

EC-Contrib. €

Partnership

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Outcomes and
results

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.

gdrp nightmare irrespective cheap commercialize document forcing worth model automatic analysing extensive 32m play manual actionable trained input compliance successfully amount accurate becomes content generates sme implications expensive missing unfavourable company worldwide contracts efficient fulfil penetrate filename finds solely organize launched comprise innovation documents solution market turn grow decisions position financial unmet accuracy intelligence 2021 organizes itself benefits location danish risks once expiry employees smes solutions time training vast corporations starts 95 opt archii dms inside inefficient provider relies 7 consuming companies fit post revenues thousand ing intelligent scalable improper business artificial drawbacks plug for converts predicted lost 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 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.	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.