Intelligent Document Processing News: Weekly Recap

In this section, we cover news, insights and trivia about Intelligent Document Processing (IDP), share interesting articles, podcasts, reports and more.

What we cover in this week’s Intelligent Document Processing recap:

News:

Ephesoft founder Ike Kavas honored as “Innovator of the Year 2022” Each year, the Orange County Business Journal honors Orange County innovators who are developing breakthrough ideas, processes, products, services and business models. This year, Ike Kavas, founder of recently acquired Ephesoft, was honored as one of five. Since founding Ephesoft in 2010, Ike Kavas has pushed the boundaries of innovation in the once stagnant document capture industry through AI-powered technology.

Rossum strengthens its executive team with new CFO and CPO IDP vendor Rossum announced that it has appointed Gregory Andre as Chief Financial Officer and Albert Alabau as Chief People Officer. With these experienced additions to the leadership team, Rossum plans to continue moving forward with its global expansion strategy.

Eigen Technologies launches offering for underwriters IDP provider Eigen Technologies announced that it has launched Underwriter Assistant, a new offering for the insurance sector. The suite of solutions automates tedious administrative tasks for underwriters and resolves disparate document and data requirements at every point. Depending on client needs, these are available as individual modules or as an integrated end-to-end underwriting solution.

ABBYY automates Carlsberg’s order and delivery processes The brewing giant has chosen ABBYY’s Intelligent Document Processing solution to transform its order and delivery processes. With the IDP solution, Carlsberg can now automatically capture orders received by mail and then immediately transfer them to the SAP system. In addition, the capture process around scanning delivery notes is now automated. This speeds up the entire process of receiving and putting away goods, and reusing vendor labels, and gives Carlsberg a better overview of the entire delivery process.

JIFFY.ai and Cetera partner to expand Cetera’s automation capabilities JIFFY.ai, provider of an intelligent automation platform with IDP capabilities, has announced a partnership with Cetera, one of the largest networks of financial professionals in the United States. Together, they are creating an Automation Center of Excellence to enhance Cetera’s automation capabilities and further improve its service offerings.

Gradient AI with more than 100% revenue growth in first two quarters of 2022 Gradient AI, a provider of AI solutions for the insurance industry, including intelligent automation to reduce quote turnaround times and claims costs, announced that it increased its revenue by more than 100% in the first and second quarters of 2022 compared to the same period in 2021. Gradient AI attributes its record-breaking growth to several factors, including the fact that the insurance industry is finally embracing technology transformations and AI solutions.

Article:

IDP provider Hyperscience has processed more than half a billion pages Interim CEO of Hyperscience, Charlie Newark-French, announced the company’s milestone. He attributes this to, among other factors, “countless hours of research and dedicated code development, thinking outside the box, and a persistent drive to make a greater impact on others.”

Ike Kavas’ new role as SVP AI & Data Science Innovation Insightful background from Ephesoft founder Ike Kavas, following his award as one of OCBJ’s “Innovator of the Year 2022” and on his new role as Senior Vice President of AI and Data Science Innovation after Ephesoft’s acquisition by Kofax. Please visit the home page and return to the article to get rid of the pop-up.

AI and ML dominate the European deeptech funding landscape in 2022 According to an analysis by Sifted, European deeptech startups will raise more money in 2022 than in 2021. With €6.5 billion raised to date, artificial intelligence and machine learning are receiving the most attention from investors in the deeptech sector.

See you next week!

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