Some new subscriber research!
IDP
Intelligent Document Processing tag
Kofax unveils its Generative AI plans
A laser focus on the lending market sets Ocrolus apart from the IDP herd
IDP from RPA vendors is the fastest-growing segment of the IDP market
IBML and Intelliscan (known previously as Banctec) were fierce competitors for over 25 years, selling into the narrow market niche for ultra high volume (UHV) document processing at the world’s largest banks, insurance companies, and government offices. These companies had to (and many still do) process millions of incoming paper documents every month, and normal business scanners could not handle it.
There is one challenge no startup should ever have to face: just when the product is ready to launch, a devastating war breaks out in the country. This was (and is still) the incredible challenge confronting RaccoonDoc, an IDP startup from the Ukraine.
In our briefings with IDP vendors, it often seems that single every one of the 300 plus in the market focuses on accounts payable (AP), aka invoice processing. Indeed, there are a lot of invoices out there to be processed, but they are not the only documents that could do with some digital love.
Invoice processing with… Bing? Hyperscience up, ABBYY down. And the beginning of the end for Capture.
You knew that, sooner or later, an IDP marketer would jump at the chance to be affiliated with the incredible buzz surrounding the most exciting AI news story of the 21st century.