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 last week’s recap:
🗞️News:
Otera joins forces with d.velop (DE only)
Intelligent Document Processing vendor Otera has announced a strategic partnership with software platform d.velop. Thanks to this partnership, d.velop will integrate Otera’s Agentic IDP solution into its platform to offer its customers access to fully automated, layout-independent, and ready-to-use document processing without the need for training or data labeling. Stefan Engl, Co-Founder and CEO of Otera, commented: “Our mission is to break down the barriers of traditional document processing. Together with d.velop, we can achieve this on a large scale for the first time. Agentic IDP means: all documents, all layouts, zero training—productive in hours. This will change how companies work with documents in the future.” As a technology provider, this new partnership is part of d.velop’s strategy to integrate an increasingly broad portfolio of powerful AI solutions into its platform as part of the expansion of the d.velop AI Competence Network (AICN). Martin Greiwe, CEO of d.velop, concluded: “With Otera, we are expanding the range of services offered by our d.velop platform and taking another step toward the future of automated document processing.”
Affinda recognized as one of the fastest growing AI companies in Australia at the Deloitte Tech Fast 50 award
Intelligent Document Processing vendor Affinda has announced that it has been recognized for the second consecutive year as one of the fastest growing AI companies in Australia at the Deloitte Tech Fast 50 awards. The Deloitte Tech Fast 50 program identifies Australia’s top 50 technology companies based on their organic revenue growth over the past three years. The Awards highlight organisations that combine strong performance with forward-thinking leadership and a drive to innovate. Timothy Toner, Co-founder and CEO at Affinda, commented: “Great to be recognised for the second consecutive year as one of the fastest growing AI companies in Australia at the Deloitte Tech Fast 50 awards. Affinda climbed from number 26 last year to number 23 this year, maintaining revenue growth above 300%. Affinda’s AI transformation capability helps organisations create value from AI, fast. We focus initially on training the people and automating core processes, which together can rapidly improve margins and have significant P&L impact.”
Insiders Technologies announces the latest release of its OmnIA automation platform (DE only)
Intelligent Document Processing vendor Insiders Technologies has announced the latest version of its OmnIA automation platform. OmnIA 1 Service Pack 3 offers a number of improvements and new features. One highlight is the option for customers to run private large language models (LLMs) on-premises to ensure maximum data protection and confidentiality. These LLMs have been preconfigured specifically for document processing and enable significant improvements in document classification and data extraction without lengthy training. The new version also offers improvements in invoice processing, including support for processing credit notes similar to e-invoices, as well as an improved PDF view generated from XML data for better usability. Other new features in Service Pack 3 include automated reports that can automatically generate analyses and reports with information on process sequences and send them by email.
Mindee introduces its Make integration
API-first platform Mindee has announced its integration with workflow automation platform Make. Thanks to this integration, users can now embed Mindee in Make to automate workflows for extracting document data without having to write code themselves. For instance, Mindee customers can use the integration to extract data from invoices or receipts uploaded to a cloud folder, send parsed fields such as “total amount” or “invoice date” to the ERP system or database, trigger alerts when a field’s confidence rating falls below a certain threshold, and create fully automated document pipelines from upload to validation.
💡Opinion:
Stay tuned: ‘Why Agentic Document Processing is the Future of IDP’
“Inference costs have dropped so dramatically that using powerful LLMs for routine document tasks isn’t wasteful – it’s practical. The economics have fundamentally shifted, but many IDP providers haven’t,” says Andrew Bird, Head of AI at Affinda. Stay tuned for his opinion piece ‘Why Agentic Document Processing is the Future of IDP’ later this week to learn more.
📌Find upcoming events and webinars in the Intelligent Document Processing space here.
Thank you for reading and see you next week!
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