In this section we cover news, insights and trivia about Intelligent Document Processing (IDP), share interesting articles, upcoming webinars, events and more.
What we cover in this week’s recap:
🗞️News:
Hyperscience wins 2025 AI Excellence Award – and also announces that it finishes fiscal year 2024 strong
Intelligent Document Processing vendor Hyperscience has announced that Hypercell for GenAI, its solution that transforms complex documents into Large Language Model (LLM) and Retrieval Augmented Generation (RAG)-ready data, has won Business Intelligence Group’s ‘2025 Artificial Intelligence Excellence Award’ in the Innovative AI Products category. According to the Business Intelligence Group, the award is judged by executives from leading technology organizations worldwide, using a proprietary scoring system to measure achievements across various business domains. Business Intelligence Group commented: “This year’s honorees represent the pinnacle of AI advancement, excelling in predictive analytics, generative AI, explainable AI, and beyond. These winners exemplify AI’s transformative power across industries, from finance and healthcare to cybersecurity and autonomous systems.” In addition, Hyperscience’s CEO Andrew Joiner announced that the company finished fiscal year 2024 (closed on February 28, 2025) strong. Highlights include 37% revenue growth and 90%+ gross margins, significant new Fortune 500 logo wins and expansions, and several industry awards and accolades such as an Innovation Award for the second consecutive year from Deep Analysis. Andrew Joiner concluded: “As we enter a new fiscal year, we are incredibly excited about what lies ahead. Our focus remains clear: deliver transformative value for our customers, grow responsibly, and lead the next generation of enterprise AI.” Randy Cairns, SVP Marketing at Hyperscience, commented: “Hyperscience holds a winning hand and we intend to play our aces in 2025. We’re coming out of the gates hot — with signature customer wins across the globe in March, plans to go big at Google Cloud Next next week in Las Vegas, and creative plans to engage the Commercial, Public Sector, and International markets in the year ahead.”
Indico Data unveils three key leadership positions to further strengthen its commitment to transforming the insurance industry
Intelligent Document Processing vendor Indico Data has unveiled three strategic leadership appointments to reinforce its commitment to revolutionizing the insurance industry through AI. First, Phil Edmundson, an entrepreneur and investor with more than 40 years of experience in the insurance and InsurTech industry, joins Indico Data as a new board member. According to the IDP provider, Phil Edmundson’s extensive background puts him in a unique position to bring valuable insight to the Indico Data board of directors. Secondly, Madison May, Indico Data’s Co-Founder, has been promoted to Chief Technology Officer (CTO). In his new role, he will continue to expand Indico Data’s suite of intelligent tools. Last but not least, Don Zereski, Indico Data’s SVP of Engineering, has been promoted to Chief Information Security Officer (CISO). In his new role, he will ensure that the company’s cutting-edge solutions remain secure and resilient. Tom Wilde, CEO of Indico Data, explained: “At Indico Data, our vision is to redefine the future of insurance by merging cutting-edge AI with deep industry expertise. With Phil’s unmatched insight, Madison’s pioneering technical leadership, and Don’s decades of experience developing enterprise software, we’re uniquely positioned to set new standards in decision automation. Together, we’re not just advancing technology—we’re empowering insurers to make faster, smarter decisions that truly transform their business.”
A few highlights from the AI+IM Global Summit in Atlanta
This week, AIIM (The Association for Intelligent Information Management) held its inaugural AI+IM Global Summit in Atlanta. Over three days, industry experts presented real-world use cases in workshops, keynotes and interactive sessions. Or, as Petra Beck, Senior Analyst at Infosource, emphasized: “The event successfully provided actionable recommendations on AI-based automation and decision-making in Content Management, IDP, Process Automation, and Business Decision Making – highlighting how these areas interconnect to create even greater value. This was particularly impressive given the diverse audience, including Records Managers, IT, and Business Managers with varying levels of expertise in particular related to advanced AI technologies and their business applications.” Tori Miller Liu, President and CEO of AIIM, wrote: “I am walking away with so many ideas about AI governance, Agentic AI, and the value of information in the AI era. I am so grateful to the speakers, volunteer facilitators, sponsors, and engaged participants who made this event possible.” As part of the annual AIIM Awards, AIIM recognized four distinguished professionals for exceptional contributions to information management: Miguel Zubizarreta, Barry Primes and Ron Cameron were inducted into AIIM’s Company of Fellows, and Dan Lucarini was honored with the Award of Merit for his exceptional leadership and contributions to the industry. Tori Miller Liu commented: “Today we celebrate individuals who have not only shaped the evolution of information management but have embodied the collaborative spirit that makes our industry thrive. From pioneering technological advancements to strengthening our professional community, these leaders represent the innovative mindset and dedication that drives our field forward. Their contributions will continue to influence how organizations intelligently manage information in an increasingly complex digital landscape.”
Hyland announces updates to its Content Innovation Cloud, focusing on AI enhancements across its product portfolio
Intelligent content solutions provider Hyland has announced that it has expanded its Content Innovation Cloud with new AI enhancements. These updates support Hyland’s strategy to leverage AI in content services to give organizations better access to insights from their enterprise content and automate key processes. The updates involve the products Hyland Automate, Hyland Knowledge Discovery, OnBase and Alfresco: Hyland Knowledge Discovery leverages natural language queries, AI agents and retrieval-augmented generation (RAG) to streamline complex searches. Users can also refine search results using metadata fields and dynamic filters. Hyland Automate introduces an AI-powered chat interface that converts natural language prompts into automation workflows. There is also a new connector for OpenAI and integration with Microsoft email to simplify email-based task automation. OnBase and Alfresco updates: OnBase Foundation 25.1 offers AI-driven insights, scalable app-building features and enhanced workflows. Alfresco 25.1 improves content management from legal holds. Leonard Kim, Chief Product Officer of Hyland, commented: “We continue to deliver on the unified Content Innovation Cloud roadmap and meet evolving customer needs by extending the value of their Hyland solutions. Our latest product enhancements also support the importance of content intelligence and AI agents in content services – equipping organizations to better access and act on the insights hidden in their enterprise content, enhance data extraction and intelligently automate critical business processes.”
Parashift launches Automation Agents, its latest feature to streamline document processing workflows
Intelligent Document Processing vendor Parashift has announced the launch of Automation Agents, its latest feature to automate repetitive tasks and streamline document processing workflows. With this, the IDP vendor enables users to eliminate bottlenecks, increase operational efficiency and support agile business processes. Thilo Rossa, Chief Product Officer at Parashift, explained: “By integrating Automation Agents, one of our customers has elevated their invoice processing workflow to deliver even greater efficiency and accuracy. As invoices enter the system, Automation Agents instantly recognize and classify them by evaluating key details such as vendor names, document formats, and language. This ensures that only genuine invoices move forward for processing. Based on pre-defined business rules, invoices are then automatically routed to the appropriate team members. High-value invoices are flagged for senior review, while standard invoices are seamlessly directed to the payment queue.”
ancora Software joins forces with The Access Group to help construction companies automate accounts payable
Intelligent Document Processing vendor anchor Software has announced a strategic partnership with business management software solutions provider The Access Group. Thanks to this strategic partnership, ancora Software will integrate its IDP technology into The Access Group’s Access Coins ERP software to help construction companies automate accounts payable and transform document processing efficiency. Noel Flynn, CEO of ancora Software, commented: “We are thrilled to announce our partnership with The Access Group. By joining forces, we aim to redefine the document processing landscape, empowering organizations to automate tedious manual tasks and unlock valuable insights hidden within their data. Together, we will drive unprecedented efficiency and productivity for our customers.”
📰Articles:
Reading a PDF: How Hard Can That Be?
George Harpur, Co-Founder and CEO at Intelligent Document Processing vendor Aluma, wrote: “After many years in the document processing industry, you get to know some stuff that the newcomers don’t know they don’t know. Here’s one example: how to read PDFs reliably, at scale, and from any source, and why, with or without magic AI fairy dust, it’s not as easy to do as some would like to think!” Check out his latest article to find out why.
50 Key Statistics and Trends in Intelligent Document Processing (IDP) for 2025
Read this article from Intelligent Document Processing vendor Docsumo and get 50 statistics on IDP in terms of market growth, impact on business efficiency, error reduction, industry use cases, technology trends, and recent developments in the IDP landscape.
📖Whitepaper:
OCR Benchmark 2025 Update: A comparison of OCR solutions
Intelligent Document Processing vendor Planet AI has published a 2025 update of its OCR (Optical Character Recognition) benchmark. In it, Planet AI has evaluated a range of OCR technologies – from open-source engines (easyOCR, MMOCR, PaddleOCR, Tesseract) to commercial engines (Amazon, Azure, Google, Planet AI’s IDA) – and now in this update also with the multimodal LLM-based engines GPT-4o (OpenAI), Mistral OCR, Gemini 2.0 Flash (Google). Download the whitepaper to see the results of the 11 systems.
🎧Podcast:
Transforming KYB with AI-powered document intelligence
How is AI-powered document intelligence transforming KYB (Know Your Business), reducing the process from weeks to just a few days and thereby significantly improving operational agility and compliance? Listen to this 18-minute podcast with Robin Amlôt of IBS Intelligence and Satish Grampurohit, Co-Founder and CEO of Intelligent Document Processing vendor Cogniquest, to learn how.
💡Opinions:
Did you miss the latest opinion pieces on IDP Community? Don’t worry, here is an overview of the 4 most recent articles:
- How to Ensure AI Works for Your IDP Processes, Not Against It In this opinion piece, Neil Walker, Head of Product at intelligent process automation software provider TCG Process, outlines 6 key principles that organizations should consider to ensure that AI does not misinterpret data or even ‘hallucinate’ and disrupt workflows, but rather works for their IDP processes. To read it, click here.
- What Are AI Agents Really? A Closer Look at the Next Frontier in Automation In this opinion piece, Dr. Marlene Wolfgruber, Product Marketing Lead for AI at Intelligent Document Processing (IDP) vendor ABBYY, delves into the hot topic of AI agents, what they really are, how they work and why they don’t act alone, but rely on tools like Intelligent Document Processing to act effectively. To read it, click here.
- Context Aware IDP: The Next Generation of Intelligent Document Processing In this opinion piece, Satish Grampurohit Co-Founder and CEO of Intelligent Document Processing (IDP) vendor Cogniquest, explains why he sees the future of IDP in bringing together an intelligent mix of traditional AI and Gen AI/LLM to offer context-aware processing. To read it, click here.
- RPA vs. IDP: Technology Inflection that will Cannibalize a Whole Industry In this opinion piece, Brent Wesler, VP of Strategic Technology and Digital Automation at Records Management Solutions provider Vital Records Control (VRC), takes us through the early days of document management and explains where Intelligent Document Processing (IDP) originally came from, where he sees IDP as a standalone product and where he thinks Robotic Process Automation (RPA) is more suitable than IDP. To read it, click here.
🎥Upcoming Webinar:
April 30, 2025, 11 am EST: UiPath Agentic Automation Launch
IDP provider UiPath launches its UiPath Platform for agentic automation. Join CEO Daniel Dines and the UiPath product team to learn more.
📆Upcoming Events (in-person):
April 9, 2025, 3:30 pm CEST: AI For Your Digital Mailroom: End-to-End Automation in Zurich, Switzerland
How are AI-driven solutions transforming incoming mail and increasing the efficiency of business processes? Join Intelligent Document Processing vendor Parashift and intelligent process automation software provider TCG Process at this event in Zurich to find out.
April 10, 2025: OpenText Summit Madrid in Madrid, Spain
Register for the OpenText Summit in Madrid, Spain, and connect with experts to discover the future of artificial intelligence, cloud, and security.
April 16-17, 2025: ABBYY AI Summit 2025 in Austin, US
Register your interest and join Intelligent Document Processing vendor ABBYY at its second AI Summit this year, this time in Austin, Texas, and take advantage of great sessions, including the following:
- State of AI 2025: Trends, Truths, and Transformations – Join Maxime Vermeir, Senior Director of AI Strategy at ABBYY, Alexander Hanff, Cybersecurity & AI Governance Expert at Hanff & Co AB, Bernhard Hecker, Enterprise Transformation & Automation Strategist, Dr. Marlene Wolfgruber, Product Marketing Lead AI at ABBYY, and Martin Schwarz, Software Engineering & Digital Building Processes at TGC Consulting, as they’ll unpack the most pressing trends steering AI’s evolution, confront hard truths about its challenges, and unveil the transformative impacts that redefine what’s possible.
- Amplifying AI Potential by Unlocking Your Document Data – Join Slavena Hristova, Director of Product Marketing Document AI at ABBYY, to discover the development of Document AI in the enterprise landscape.
- Innovating at Warp Speed with ABBYY – In this session, Bruce Orcutt, Chief Marketing Officer at ABBYY, explores the latest breakthroughs in Document AI, Process AI, automation, and data-driven insights.
📌Find more upcoming events and webinars in the Intelligent Document Processing space here.
Thank you for reading and see you next week!
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