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 recap:


Deep Analysis gives two Vignettes to IDP vendors, Veryfi and KnowledgeLake Analyst firm Deep Analysis has released seven new vignettes, its short vendor reports that focus on technology product innovation. With Veryfi and KnowledgeLake, two Intelligent Document Processing providers are also featured in this latest series. Read the reports to get a concise overview of each IDP vendor, including its technology, Deep Analysis’ opinion and advice for buyers, and a SOAR (Strengths, Opportunities, Aspirations, and Results) analysis.

Cognaize expands its board of directors and executive team IDP provider Cognaize announced that it has expanded its Board of Directors with two new members and a new Global Head of Sales to advise and guide the company as it continues to experience significant growth (as recently reported) and expand the capabilities of its technology platform for leading financial services firms. Al Eisaian, CEO of Cognaize, said: “The additions of André (Andonian) and Mark (Almeida) to our board of directors is an important milestone for Cognaize as they will both play important roles in developing and refining our strategic mission to deliver ever-more innovation and value to our growing number of customers. David Sensenich is a critical addition to our management team as he has two decades of experience leading sales organizations for leaders and innovators in markets including analytics, ratings, and lending.”

Cogent Labs releases new automatic invoice feature AI solutions provider Cogent Labs announced that it has released a new automatic invoice reading feature for SmartRead, its Intelligent Document Processing solution. With the launch of Japan’s new invoice system starting on October 1, the accounting workload is expected to increase in the future. Especially when processing qualified invoices, it is more important than ever to verify the required details, including the verification of qualified invoice-issuing companies. With the latest release, SmartRead now offers a function that automatically reads detailed line items of invoices with different layouts, including qualified invoices that are compliant with the new invoicing system.

OpenText again named a leader in Infosource’s IDP report EIM company OpenText with its capture and IDP solutions announced that it has been named a Star (leader) for the sixth consecutive year by analyst firm Infosource in its annual Global Capture & IDP Vendor Matrix Report. Ralph Gammon, Senior Analyst for Infosource, commented: “OpenText’s strong market position and partnership programs make them a leader in Execution, while their continued innovation, vision for the future, and ability to incorporate Capture & IDP as part of an end-to-end solution make them a leader in Strategy and Capabilities. These strengths enable them to once again earn a Star position in our matrix.”


IDP as a solution for complex data in ESG reporting Read this article by Dharmarajan Sankara Subrahmanian, CEO and founder of IDP vendor Impactsure Technologies, to learn why he believes there is significant demand from FSIs and investors worldwide for ESG data analytics. He explains why complex ESG data need no longer be a problem thanks to AI-based technology such as Intelligent Document Processing and its ability to provide the data in readable formats, benefiting all stakeholders in ESG-related investment decisions.

How to achieve true ROI with an IDP solution? Read this article by Jeff Leibovici, VP of Sales at IDP vendor TCG Process, to learn how and why the return on investment for document automation solutions has changed. He provides valuable tips on what to look for to achieve real ROI with an IDP solution.

Upcoming webinar:

Using AI and IDP for intelligent customer management Join CRM and CX software company BSI and IDP vendor Parashift for this webinar on March 28, 2023, to learn how to automate input management and successfully move toward intelligent customer management.

See you next week!

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