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:
News:
Kanverse.ai joins the Boomy Technology Partner Program IDP vendor Kanverse.ai announced it has joined the Boomy Technology Partner Program, which includes various enterprise software companies such as ERP and CRM across different industries, including FSI and government. Through this partnership, Kanverse.ai and Boomi aim to help mutual customers solve a wider range of integration use cases to meet their business needs. Sameer Deshpande, Chief Revenue Officer of Kanverse.ai, further explained: “This partnership allows Boomi customers to convert data that is hidden in a plethora of large, complex documents to easily accessible and usable information. Customers will experience an exponential reduction in the cost and time of document processing while benefiting from the reduced errors and employee fatigue caused by repetitive tasks.”
Alkymi now offers EU cloud for GPT-powered features IDP vendor Alkymi announced that it is now offering a European shared cloud deployment to support its customers globally and deliver GPT-powered features such as the recently launched Summarization Pattern internationally. This includes countries where GDPR requires data to be hosted in Europe. In addition to providing the new EU cloud option, Alkymi has also successfully completed a Type 2 SOC2 audit to ensure the security of customer data.
ancora Software signs customer 1,000 and continues record growth Intelligent process automation solutions provider ancora Software has reached a milestone with the signing of its 1000th customer. At a time when several large technology companies are laying off employees, ancora Software is able to continue its record growth. Noel Flynn, CEO of ancora Software attributes much of the company’s success to the strength of its products – software solutions that enable customers to keep costs down by reducing manual touch points in the accounts payable process – as well as ancora’s Parter Program with its strategic partner channel.
TCG Process joins the Duck Creek Technologies partner ecosystem Intelligent process automation company TCG Process announced a solution partnership with the provider of intelligent solutions for property and casualty (P&C) and general insurance, Duck Creek Technologies. TCG Process joins Duck Creek’s partner ecosystem as newest IDP partner. The two aim to enable IT and business units to model and orchestrate insurance business processes to capture, understand, and act on unstructured content for applications such as claims, underwriting, regulatory compliance, onboarding, and digital mailroom.
Podcast:
How Sam Bobley started Ocrolus in his parents’ kitchen at the age of 22 Listen to this pretty extensive, 45-minute podcast with Sam Bobley, co-founder and Chief Executive Officer of IDP vendor Ocrolus, to get insights not only on how he started the company, but also the story of Ocrolus so far. Among other things, he explains why the company switched from successful Medicaid to small business lending, what Ocrolus’ product development will look like in the future, and his approach to being highly competitive without putting himself in the spotlight.
Case Study:
How do financial institutions get a powerful automation solution for the mortgage process? Read this case study from IDP provider Parashift to learn how their partnership with CRM and CX software company BSI enables financial institutions to process hundreds of complex and unstructured documents every day, quickly and with high efficiency.
Upcoming webinar:
What do you have to watch out for as a “first-time AI buyer”? Register for this webinar from IDP vendor Mely.ai on April 25, 2023, to learn more about the key elements you should consider before making your first AI purchase for your organization.
See you next week!
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