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 (more like last week’s, since it’s Monday already) recap:
🗞️News:
Helm & Nagel GmbH launches document data extraction platform “Quick-Extract”
AI solutions provider Helm & Nagel GmbH (the company behind the IDP platform Konfuzio) has announced the launch of “Quick-Extract”, its new document data extraction platform where an integrated LLM agent automatically takes over the development of document parsers and eliminates time-consuming manual configuration. Quick-Extract’s agent-based architecture independently analyzes uploaded documents, generating extraction solutions with over 99.5% text recognition accuracy in 50+ languages and an F-score of 92% for data extraction, without training. Christopher Helm, Managing Director of Helm & Nagel GmbH, explained: “Not every use case requires the full complexity of an enterprise IDP solution. That’s why we developed Quick-Extract: an LLM agent handles the entire project within minutes – from document analysis to a production-ready API.” Comparing Konfuzio and Quick-Extract, he added: “Both solutions address different requirements. Konfuzio is suited for companies with maximum functionality demands, while Quick-Extract is for teams that want to achieve productive results within minutes.”
KnowledgeLake announces $65M growth investment and promotes Kevin Herr to CEO, succeeding long-time CEO Ron Cameron
Intelligent Document Processing vendor KnowledgeLake has announced together with growth equity firm Edison Partners, a majority growth investment of $65 million. According to the IDP vendor, the new capital will be invested in customer success, partnership expansion, go-to-market strategies, and market-leading AI capabilities. Ben Laufer, principal at Edison Partners, commented: “We are incredibly excited to partner with such an established and visionary team. KnowledgeLake stands out for its remarkable, capital-efficient, customer-funded growth. Customers consistently praise their AI-enabled, low-code/no-code platform and support. Their fast time to value, high return on investment, multi-year contracts, and outstanding retention metrics are compelling.” In addition, KnowledgeLake has announced that Kevin Herr, long-time COO and CFO, has been promoted to CEO, succeeding co-founder and long-time CEO Ron Cameron, who will continue to serve the company in an advisory role. Kevin Herr commented: “Our technology provides document-centric organizations an unparalleled, easily integrated infrastructure to modernize operations. We’re thrilled to work with Edison’s investors and operators to bring KnowledgeLake to enterprises striving to manage costs while investing in digital transformation.”
📰Article:
Brent Wesler’s Intelligent Document Processing (IDP) Review – Haystac
“It’s not often that technology comes along that is truly unique, compelling, and a teaser of what the future of Intelligent Document Processing (IDP) looks like,” says Brent Wesler, VP of Strategic Technology and Digital Automation at Vital Records Control (VRC). As part of his “Automation in Action” series, he spoke with Anthony Macciola and Barak Tsivkin from IDP vendor Haystac. You can watch the full 25-minute interview here.
📝Survey:
Market Momentum Index: Intelligent Document Processing (IDP) Survey 2025
Our good friends at AIIM (The Association for Intelligent Information Management) have recently released their “Market Momentum Index: Intelligent Document Processing (IDP) Survey 2025”, in partnership with analyst firm Deep Analysis, which shows a fundamental change in how enterprises adopt AI in document workflows: The study surveyed 600 organizations across the US, Germany, Austria, and Switzerland. Results show that 78% of companies are now operational with AI-powered technology—marking a sharp departure from the skepticism of the “AI hype cycle” prevalent just a year ago. The research also shows that 66% of new IDP projects are intended to replace existing systems, underscoring how GenAI and LLMs are driving vendor turnover and disrupting the market.
💡Opinion:
STAY TUNED – AI-Ready Isn’t Optional Anymore: Why Most Enterprises Still Miss the Last Mile
“Enterprises wanted to embrace AI, but their content infrastructure simply wasn’t ready. This isn’t a software problem. It’s a content operations problem,” says Chris Huff, CEO of Adlib Software. Stay tuned for his opinion piece later this week: ‘AI-Ready Isn’t Optional Anymore: Why Most Enterprises Still Miss the Last Mile’.
Hidden Gems In Automation: Microsoft SharePoint’s Comeback as an ECM platform of choice and the Surprise Value of Power Platform
Read the latest opinion piece by Brent Wesler, VP of Strategic Technology & Digital Automation at Vital Records Control (VRC), in which he explains why Microsoft is changing its approach to third-party integrations, and how this does impact SharePoint and its role in the evolving Enterprise Content Management landscape.
📆Upcoming Event (in-person):
September 4, 2025: ABBYY AI Summit Singapore
ABBYY’s next AI Summit is right around the corner: In Singapore, the IDP vendor will bring together industry leaders, visionaries, and experts to redefine how AI is transforming businesses and driving the future. Through keynotes, panel discussions, and interactive sessions, participants will gain insights into the latest trends, practical applications, and ethical dimensions of AI.
📌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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