Digicust Master Data

The Digicust Master Data Module

This Blog is all about presenting how to apply the master data module integrated in the AI-based web app called Digital Customs. The application of the master data module happens in combination with the virtual customs robot Dexter IDP and its intelligent document processing techniques to ensure a 99%+ accurate submission of customs declarations.

But before we dig deeper into the master data module application, we will start by reflecting why a master data module is crucial for a successful Dexter IDP service and creation of customs declarations.

Well, it's easy, master data modules are there to document stakeholder and material data that can be searched to complete a customs declaration manually.

However, that's not it. Dexter IDP automates the creation of your master data by processing e.g. invoices. Still, invoice data such as invoice recipients, consignees, customs tariff numbers and product descriptions are quite often wrong and lots of further customs codes are needed to complete a customs declaration. So it is necessary to update your master data only once with the correct customs codes, stakeholder and product data, which means that with the help of Dexter IDP, the creation of master data gets ulitmately semi-automated.

With the correct data available in your master data module, Dexter IDP is able to automatically normalize wrong stakeholder and product information from processed documents to correct data and complete customs declarations.

And although reference data is partially wrong that supports Dexter IDP in searching the right master data, the virtual customs robot is still able to find the respective master data by applying fuzzy neural networks.

Want to learn more about Digicust and the products Dexter and the Digicust Master Data Modul? Just klick here to get more informations.

Your benefits at a glance:

Automation of data

Transmission of complete customs declarations with correct customs tariff numbers, correct goods descriptions and other customs codes

Time reduction

Reduction of processing time in end-to-end document processing by over 50%.

Filter/User Functions:

Intelligent filter and user functions in combination with the creation of master data by Dexter IDP enable the user to create master data 3-4 times faster

Stakeholder Information

Normalization of correct stakeholder despite incorrect invoice data.

Master Data Flexibility

Full deployment flexibility of your master data through an export function in XLSX format.

Intelligent Matching

With the help of innovative fuzzy matching algorithms, master data can be found even if the extracted values deviate to some extent from the master data.

ROI: For 100.000 invoices a year, the Dexter IDP service results in a ROI of about 340% in year one and of about 640% in year 2, assuming that you apply the bulk edit functionality of the master data module only.

Assuming that you get all the data from your clients, you can double your ROI in year 1 and year 2.

So I hope you enjoyed the Blog, contact us if you want to apply Dexter IDP and see how it functions with the master data module by yourself. Stay tuned for further news and have a good day!