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:
Ocrolus introduces new machine-only offering for small business lenders IDP vendor Ocrolus has introduced Instant, a machine-only offering within its document automation solution designed for small business lenders. Instant leverages Ocrolus’ AI-driven automation technology to provide an unbundled, machine-only solution which can be used for documents such as bank statements, W2s and tax forms. Thanks to Instant, small business lenders can reduce costs through machine-only document and data processing, increase funded deals through an automated process, decrease credit risk thanks to more accurate data, and increase efficiency with a single solution for all document automation and data processing needs.
ABBYY announces Intelligent Automation Month to educate organizations on the benefits of intelligent automation IDP vendor ABBYY has declared September as Intelligent Automation Month. The first month-long initiative brings together various industry experts and includes a series of digital events that will take place weekly throughout September to educate business and technology leaders on the benefits of intelligent automation. Gabrielle Lukianchuk, Chief Marketing Officer of ABBYY, explained: “The intelligent automation ecosystem is brimming with forward-thinking innovators who help businesses work smarter and provide more impactful customer experiences. We felt it was important to help businesses cut through the hype and hear first-hand how we collectively are combining experience and innovation to enable maximum ROI on IT initiatives. We’re excited to spearhead Intelligent Automation Month in collaboration with other automation leaders who are elevating enterprises to the next level of operational efficiency.” Interested parties can register for the digital events here.
Metamaze launches SAP BTP solution for supplier invoice scanning IDP vendor Metamaze, together with its partner TheValueChain (Metamaze had announced its partnership with TheValueChain in April), has introduced the SAP Business Technology Platform (SAP BTP) solution for supplier invoice scanning. This enables customers to increase the efficiency of their accounts payable processes through seamless integration with their SAP environment, backed by adaptive Intelligent Document Processing.
SSON Research & Analytics updates its Intelligent Automation Universe, which includes 16 IDP vendors Information services provider SSON Research & Analytics has refreshed the Intelligent Automation Universe, its vendor-agnostic platform that provides users with insights into the landscape of intelligent automation solution providers. The latest list also features the following 16 Intelligent Document Processing providers: ABBYY, AntWorks, Automation Anywhere, AYR.ai, Botminds.ai, Celaton, Datamatics, EdgeVerve, HuLoop Automation, Hyperscience, JIFFY.ai, Kofax, Parascript, qBotica, super.AI and TCG Process.
ancora Software receives SOC 2 Type 2 certification IDP provider ancora Software announced that it has received SOC 2 Type 2 certification for its IDP solutions. SOC 2 certification validates the security and operational procedures of ancora Software’s IDP solutions and highlights the company’s commitment to prioritizing the security and privacy of customer data. The audit was conducted by a global, independent third-party company. Noel Flynn, CEO at ancora Software, said: “We are thrilled to announce the successful completion of the SOC 2 Type 2 audit. This milestone underscores our relentless dedication to upholding the highest standards of security and compliance. Our clients can rely on us to provide them with Intelligent Document Processing solutions that not only enhance their operational efficiency but also safeguard their sensitive information.”
Kofax introduces Azure OpenAI connector on its Marketplace IDP provider Kofax has launched the Azure OpenAI connector on its Marketplace, enabling customers to build workflows that integrate generative AI to benefit from summarization, content generation and sentiment-based insights.
Konfuzio and Origoss Solutions join forces IDP vendor Konfuzio has announced a partnership with cloud-native technology expert Origoss Solutions. Together, the two companies aim to support organizations of all sizes on their digital transformation journey and create customized solutions for specific needs.
Key takeaways from Gartner’s Hype Cycle for Digital Life and P&C Insurance Read this article by Tom Wilde, CEO of IDP vendor Indico Data, and learn what his takeaways are from the recent Gartner report, “2023 Hype Cycle for Digital Life and P&C Insurance” – focusing, of course, on Intelligent Document Processing and generative AI.
See you next week!
🟡Get industry news distilled, every week: