ACV Auctions Investor Day Presentation Deck
INNOVATION
Leveraging Automation
Evolution of Titles process using Optical Character Recognition (OCR) & Machine Learning (ML)
to reduce manual scanning processes and increase of efficiency
1
SCAN
Upload individual title
2
PREFIX
1
TYPE OF TITLE
STANDARD
FEE
title 1.00 ATE OF TITLE
vin 1.00M
PROCESS
Engine extracts data fields
through OCR
DUPLICATE NO.
ISSUE DATE
IMBER
GVW/WC/LGTH.
60.00 03-24-2016
8
VIN-REPLACEMENT
3
year 1.00.001.00
Z 2008 DOD CHG
SUFFIX
COLOR/MTL/HP
SILVE
DEALER I.D. AXLES/PROP
4 DR.
ASSOCIATE
ML creates relationship between
analog & digital record
odometer 1.00720086
91714 A
NG
F-FLOOD
P-POLICE
L-LEMON LAW
A-ACTUAL MILEAGE
N-NOT THE ACTUAL MILEAGE
S-SALVAGE
T-TAXI
FUEL
M-MILEAGE EXCEEDS THE
4
UPDATE
Change internal fields that
trigger workflows
95%+
DIGITAL
PROC
5
PRINT
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