Rossum enters into a strategic partnership with 8Quanta

With this strategic partnership, the two companies will combine Rossum’s expertise in Intelligent Document Processing (IDP) with 8Quanta‘s expertise in NetSuite implementation, optimization, and support to automate the processing and validation of invoices and purchase orders.

Rossum, an Intelligent Document Processing (IDP) vendor, announced on July 8, 2024, that it has entered into a strategic partnership with finance consulting firm 8Quanta. By forming this partnership, Rossum aims to strengthen its NetSuite integration capabilities for its US client base.

David Jamieson, Global Alliances Director at Rossum, explained: “Together with 8Quanta, we are excited to offer a powerful solution specifically designed to address the automation challenges faced by finance teams working with NetSuite. Our AI document processing platform, coupled with 8Quanta’s deep NetSuite knowledge, will streamline document workflows, reduce manual work and human errors, and empower finance professionals to focus on strategic initiatives that drive business growth.”

Mark McDonald, COO at 8Quanta, commented: “We are thrilled to partner with Rossum to deliver a best-in-class solution for NetSuite integrations. By combining our expertise, we empower finance teams to overcome common integration and automation challenges, and unlock the true potential of NetSuite. This translates to increased efficiency, improved data accuracy, and ultimately, a significant competitive advantage for our clients.”

In February of this year, Rossum announced the launch of Rossum Aurora, its next-generation AI engine with its own large language model (LLM) specifically trained on transactional business documents. With this approach, Rossum aims to eliminate the hallucinations that are common with third-party LLMs.

Based in London and Prague, Rossum is an Intelligent Document Processing (IDP) vendor offering Rossum Aurora, a transactional document automation platform based on its proprietary Transactional Large Language Model (T-LLM), which enables high accuracy and efficiency in document processing.

You can find the full press release here.

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