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:


qBotica recognized as one of the 100 fastest growing Asian American companies IDP vendor qBotica announced that it has been recognized by the US Pan Asian American Chamber of Commerce Education Foundation (USPAACC) as one of the 2023 Fast 100 Asian American Business Award Winners. With this award, USPAACC recognizes the fastest growing Pan Asian American owned businesses in the US based on the percentage of revenue growth. Mahesh Vinayagam, Founder and CEO at qBotica, commented: “This recognition is not just about numbers and rankings, but about the passion, resilience, and collective vision that drives us forward every single day. It’s about the countless hours of hard work, the sleepless nights, and the unwavering belief that we can make a difference in this world. We’ve faced challenges head-on, embraced innovation, and never settled for anything less than excellence.”

ABBYY strengthens executive team and partners with Pipefy Intelligent process automation solutions provider ABBYY has promoted Neil Murphy to Chief Sales Officer. Murphy has already been with the IDP provider since 2016. In his new role, he will lead global efforts to provide customers with intelligent automation solutions that accelerate digital transformation goals. Ulf Persson, CEO at ABBYY, commented: “Neil has been instrumental in leading ABBYY’s go-to-market strategy to support our growth initiatives globally. He is a trusted ally among customers and partners and his sales leadership over the last seven years at ABBYY has been a key contributor to driving ABBYY’s customer-first approach and recognition as a market leader in Intelligent Document Processing and process mining.” In addition, ABBYY has also announced a partnership with low-code process automation platform Pipefy to combine low-code process automation with efficient document processing. In this way, ABBYY and Pipefy aim to accelerate digital transformation initiatives in human resources, financial services and insurance.

Eigen Technologies launches GPT integration IDP vendor Eigen Technologies (like many other vendors recently) has announced the global availability of its new integration with GPT. The optional GPT model integration enables Eigen customers to leverage the power of Large Language Models (LLMs) along with the accuracy and model governance framework built into its IDP platform. The combination of Eigen and GPT enables business users to reduce the risk of incorrect data outputs known as ‘AI hallucinations’.

AYR named one of the 30 fastest growing companies in 2023 IDP vendor AYR announced that it has been recognized by Global Business Leaders Magazine as one of the 30 fastest growing companies in 2023. Global Business Leaders Magazine focuses on recognizing the contribution of leaders who have been pioneers and celebrates companies that have achieved exceptional growth and innovation in their respective industries. AYR’s recognition comes, the IDP vendor believes, as a result of its continued growth and innovation in the field of AI, specifically in simplifying AI for everyone through Intelligent Document Processing.

OpenBots launches new version of its Documents with GPT IDP provider OpenBots announced the launch of the latest version of OpenBots Documents with GPT, its Intelligent Document Processing solution with Microsoft Azure’s GPT. Version 2.1 of OpenBots Documents with GPT combines existing machine learning components and Microsoft Azure’s GPT technologies to extract and analyze data from documents such as invoices, contracts, and forms in industries including healthcare, finance, legal and banking.

RaccoonDoc launches UiPath connector IDP vendor RaccoonDoc announced the launch of its connector for the UiPath platform, which provides greater efficiency, accuracy, and speed for document-based workflows.

Upcoming webinar:

How to transform your sales process Join IDP provider Graip.AI for this webinar on June 8, 2023 to learn how IDP accelerates your sales cycle, reduces manual effort, and improves accuracy so your sales team can focus on what matters most – closing deals. You’ll also find out how IDP automates the creation and management of quotes and proposals, among other things.

What’s the definition of an enterprise-ready GPT? Join Automation Hero’s executives, namely the Head of Global Sales, the CPO, and the Founder and CEO, for this webinar on June 15, 2023, as they discuss the promise, misconceptions, and most valuable applications of Large Language Models (LLMs), specifically as they relate to documents. At the same time, you’ll also see examples of Automation Hero’s GPT technology in action.

See you next week!

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