InventoryQuant automates the creation of loss inventories by transcribing audio or video walkthroughs into structured spreadsheets, then automatically sourcing replacement prices from major retailers. The platform handles background noise, multiple speakers, and self‑corrections, supporting over 100 languages and saving days of manual work per insurance claim.
Funding
Funding not disclosed
Founders
Product
Problem
Insurance adjusters must manually transcribe audio or video walkthroughs of loss sites, extract item details, and search multiple retailer catalogs for replacement prices, a process that is time‑consuming and error‑prone.
Solution
InventoryQuant automates the entire claim inventory workflow. Users record a video or audio walkthrough of the damaged property; the platform transcribes the narration into a structured spreadsheet, parsing descriptions, quantities, and measurements. It then matches each line item to real products and replacement prices from major retailers, generating a ready‑to‑use report. The system handles background noise, multiple speakers, and smart‑glass recordings, supporting over 100 languages. Results are delivered in Excel, XactContents, or PDF formats, allowing adjusters to complete claims days faster than manual methods.
Target Audience
Primary customers are insurance adjusters and claims handling firms that need to process property loss inventories quickly and accurately.
Features
- Automatic transcription of audio and video walkthroughs with high accuracy, tolerant of background noise and multiple speakers
- Multilingual support for 100+ languages, enabling use in diverse regions
- Structured spreadsheet output that extracts item descriptions, quantities, and measurements
- Integrated product matching engine that pulls replacement items and prices from major retailers
- Export options including Excel, XactContents, and PDF for seamless integration with claim management systems
- Smart‑glass compatible recording workflow for hands‑free inventory capture
- Scalable pricing model based on per‑item transcription and pricing, suitable for individual adjusters to large teams