Description
Sorted AI is a Smart Document Manager enabling the user to automatically organize, manage and share personal documents and critical information.
We all spend our hard-earned money on insurances and financial investments to secure our and our family’s future, but have you shared those documents and that information with your families? Have you ever thought of what happens to them without those crucial investment and insurance information if something happens to you?
In today’s day and age, everyone is super busy! Juggling work, family, home, friends, socializing, personal interests & hobbies etc. and it gets difficult for most people. In this overwhelming array of activities, most of us have some time missed taking care of an important activity such as credit card payment, sharing of information with loved ones, renewal of insurance policy, misplacing a document etc. And then we end up cribbing that there is so much to do and we don’t have enough time to do it. All the tools available today to manage documents and personal information, including cloud storage apps as well as specialized document management solutions do not help anyway in reducing the effort required in getting stuff organized. The user has to manually upload documents, properly tag them/ categorize them, extract important information such as an important date & setup reminder for it separately and the hardest part is to regularly update the repository with new documents.
While researching around the idea, we came across some startling statistics. We found that in India currently over $2 Billion (₹15,000 Crore) were stuck in unclaimed life insurance amounts and similar or higher amounts are stuck in other investment categories. Primary reason for this was that after the demise of the policy holder, their families didn’t even know that a policy like that existed and they were assigned beneficiaries of that. To substantiate it further, we conducted a survey of our own to gauge the financial awareness & preparedness of women in India. The survey validated our hypothesis and it came out that more than 55% women in India had no clue about financial investments done by their husbands. Most of them acknowledged that they would struggle in an unexpected situation that their husbands were not around.
Sorted AI - Smart Document Manager addresses this by making it extremely easy for families to share documents amongst themselves as well as keep the documents updated. It helps families to keep track of important documents such as Insurances & Investments as well as other documents such as warranty documents for appliances, vehicle documents, medical documents etc. The AI engine of Sorted AI can automatically organize documents from across devices, cloud storages & emails. It can also automatically extract important information such as expiry dates, payment due dates etc. and alert the users at the right time. Sorted AI is available as an Android App as well as a web application (www.sortedai.com).
The idea for Sorted AI emerged as a personal need and is being made by Snehanshu Gandhi, Tamanjit Bindra & Gaurav Shrishrimal. All three of us have had a strong relationship building Tapp Me and now Sorted AI.
Sorted AI Teaser - https://www.youtube.com/watch?v=xwsjYP3AYzE