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 (actually last week’s) recap:
🗞️News:
Quantiphi receives Patent Notice of Allowance for a key feature within its IDP solution
AI-first digital engineering company Quantiphi has announced that it has received a Notice of Allowance from the United States Patent and Trademark Office (USPTO) for a key feature within QDox, its IDP solution. The patent application, titled ‘System and Method for Processing One or More Electronic Documents for Enhanced Search’, relates to a specific feature within QDox that enables effective data analysis and extraction across a large volume of electronic documents without data corruption or loss of data. Jim Keller, Quantiphi AWS Global Lead, commented: “QDox enables organizations to dramatically increase productivity by extracting, interpreting and acting on complex unstructured data with high accuracy and speed, reducing manual processing efforts and accelerating digital transformation across industries. The allowed feature reflects our thought process behind QDox—building innovative, groundbreaking solutions that solve real-world enterprise challenges.”
HuLoop Automation launches new IDP module for its Unified Work Intelligence Platform
AI-powered intelligent automation provider HuLoop Automation has announced the launch of two new modules – an Intelligent Document Processing (IDP) module and an Intelligent Workflow Orchestration (IWO) module – as part of its Unified Work Intelligence Platform. With the two new modules in combination with the Intelligent Productivity Discovery (IPD), Intelligent Process Automation (IPA) and Intelligent Test Automation (ITA) modules, HuLoop Automation provides a fully integrated, no-code platform that enables companies to increase efficiency. Todd P. Michaud, CEO of HuLoop Automation, explained: “These two new modules represent a major step forward in our mission to unify, streamline and automate how work occurs. By adding workflow orchestration and document processing to our discovery, automation, and testing suite, we’ve created a fully unified platform for work optimization. It’s simple, fast, and affordable, designed to empower real employees to be more productive, so they can focus on more valuable activities.”
6Estates joins forces with PT Bank Danamon Indonesia Tbk to drive digital transformation in financial services
Intelligent Document Processing vendor 6Estates has announced a strategic partnership with commercial bank PT Bank Danamon Indonesia Tbk. Through this partnership and in the initial stages of implementation, Danamon is deploying 6Estates’ Finance-as-a-Service (FAAS) platform to securely automate the analysis of bank statements, including fraud detection. Dr. Luan Huanbo, CEO of 6Estates, explained: “We’re proud to support Danamon with automation that delivers real, measurable impact. Our AI solutions are purpose-built for financial institutions and have been successfully deployed across Asia to help banks and other lenders unlock speed, scale, and smarter decisions. Beyond this automation, our GenAI models deliver deep risk insights—from fraud detection and cashflow analysis to multi-account consolidation and income statement reconstruction—enabling more robust and confident credit decisions.”
📰Articles:
Benchmark: Intelligent Document Processing (IDP) Leaderboard
Check out the latest benchmark study published by Souvik Mandal, Deep Learning Engineer at Intelligent Document Processing vendor Nanonets, titled ‘The Intelligent Document Processing Leaderboard’. In the accompanying blog post, Nanonets wrote: “The IDP Leaderboard represents the most comprehensive and fine-grained benchmark to date for evaluating the document understanding capabilities of Vision-Language Models (VLMs). It encompasses seven distinct tasks designed to rigorously assess various aspects of VLM performance in IDP domain.” You can find the full blog here.
The Future of OCR
Dan Lucarini, Senior Analyst at analyst firm Deep Analysis, wrote in his latest blog post: “Recently, I’ve been briefed by several start-ups that are using LLMs for data extraction and who unsurprisingly sing the praises of generative AI. To bring balance to the debate, I spoke with Tobias Grüning, Chief Research Officer at Planet AI, one of the most experienced OCR and AI research teams since 1992.” Check out the benchmark by Intelligent Document Processing vendor Planet AI and Dan’s perspective on it.
📝Ebook:
Your AP Automation Wake-Up Call
How much are inefficient invoice processes costing your business? Download this free e-book from Intelligent Document Processing vendor Rossum and learn how resource-intensive manual processes are impacting your team’s productivity, how invoice errors are impacting your finances through duplicate payments and how your business can recover lost revenue.
💡Opinion:
How IDP Transforms Document Accessibility Remediation
“Using Intelligent Document Processing for document accessibility remediation dramatically reduces manual efforts, saving significant time and resources while ensuring more accurate and accessible documents consistently,” says Ernie Crawford, President/CEO and Founder of Crawford Technologies. Stay tuned for his opinion piece ‘How IDP Transforms Document Accessibility Remediation’ later this week.
🎥Upcoming Webinars:
May 22, 2025, 1 pm EST: How to Stay Ahead in the Rapidly Evolving Market for Capture & IDP Solutions
What does a successful Intelligent Document Processing solution look like in today’s market? Register for this webinar from AIIM Florida Chapter, and hear from Ralph Gammon, Senior Analyst at Infosource, on what he sees in terms of capabilities and market demand, and what separates the stars from the aspirants.
June 10, 2025, 1pm EST: ABBYY Ascend 2025
Register for the latest edition of ABBYY Ascend for insightful sessions led by experts on the future of purpose-built AI, interactive demos of ABBYY’s latest AI-powered capabilities, as well as first looks at upcoming features and innovations.
📆Upcoming Event (in-person):
May 21, 2025: ABBYY AI Summit in London, UK
Intelligent Document Processing vendor ABBYY invites you to the last of three AI Summits of 2025 happening in London, UK. At this summit, you can expect a day full of keynotes and insights from leading experts on the state of AI in 2025, how to maximize your AI investments, how to prepare your business for the future when it comes to compliance and data privacy, and much more.
📌Find more upcoming events and webinars in the Intelligent Document Processing space here.
Thank you for reading and see you next weekend!
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