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 Intelligent Document Processing recap:
News:
KnowledgeLake is Microsoft education partner of the year IDP provider KnowledgeLake has been named the winner of the 2022 Microsoft education partner of the year award. Ron Cameron, CEO of KnowledgeLake, stated: “KnowledgeLake has a rich legacy of helping educational institutions realize the benefits of Intelligent Document Processing in many diverse applications like student admissions, alumni development, HR, accounting, and more.”
Kofax has been acquired by Clearlake Capital and TA Associates Private investment firm Clearlake and private equity firm TA this week completed the acquisition of intelligent automation solutions provider Kofax from Thoma Bravo. With the acquisition by Clearlake and TA, Kofax aims to accelerate the growth and innovation of its intelligent automation software platform, solutions and cloud capabilities.
Singularity Systems a Hot Vendor IDP provider Singularity Systems has been named a Hot Vendor by market research firm HFS. The SingularityAI platform provides an advanced machine learning platform that focuses on Intelligent Document Processing to turn data into insights.
ABBYY with new development center in Belgrade ABBYY sees “tremendous growth of IT skills combined with strong engineering education programs” in the Belgrade region. With the new development center, ABBYY aims to expand its innovation in intelligent automation and focus on developing new automation solutions for its global customer base and continuing to focus on low-code/no-code technology.
Article:
Problems of traditional document processing in a remote world Remote work has changed the way organizations need to handle document-intensive workflows like accounts payable. Intelligent Document Processing is transforming businesses and helping to reduce risk while automating document-heavy processes.
Interview:
Building a digital health ecosystem through automation Read this interview with Sudesh Kumar, Chief Digital Officer at Hello Health Group in Singapore, to learn how he believes the role of the CDO has changed in recent years. In addition, Kumar explains why he thinks Intelligent Document Processing has a huge impact on patient record management.
Video case study:
How Gulf Oil solved data bottlenecks with IDP Watch this 20-minute case study in video format to learn how Gulf Oil went through massive inefficient manual processes when paying freight invoices. Using ClearDox Intelligent Document Processing solution, Gulf Oil was able to turn these bottlenecks into automated and efficient processes.
Upcoming webinar:
Navigate through uncertain times in the mortgage industry Join DocVu.ai and Everest Group for their upcoming webinar on August 10, 2022. In it, they will discuss various options and strategies that companies in the mortgage industry can adopt to minimize risk and maximize return on investment with intelligent automation solutions.
See you next week!
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