In this section we cover news, insights and trivia about Intelligent Document Processing (IDP), share interesting articles, upcoming webinars, events and more.
What we cover in this week’s recap:
🗞️News:
DocAcquire launches Zero Shot Extraction, its latest feature that eliminates the need for training documents
Intelligent Document Processing vendor DocAcquire has announced the launch of Zero Shot Extraction, its latest feature that enables intelligent data extraction without manual setup. Key benefits of this feature include seamless data extraction (no system training required, flexible for any document type including multi-page and complex layouts), effortless document adaptability (flexibility across documents, handling forms and tables, multiple languages and handwritten text), and speed (rapid deployment without lengthy training requirements). Ashik Wani, Founder and CEO of DocAcquire, commented: “In my journey with DocAcquire I have witnessed how the IDP landscape evolved, and for IDP vendors it has been a challenge to demonstrate the faster value to customers and that’s because of training process involved especially especially in custom document types and the big ask to have access to training datasets/documents has been a pain thus adding friction to adoption by companies. Our team has been working hard to make that adoption as simple as possible. DocAcquire Zero Shot Extraction takes that friction away where a user can get a document workflow automated in minutes.” For a short demo of DocAcquire’s new Zero Shot Extraction feature, click here.
Cogniquest announces the successful closing of its $1.2 million seed funding round
Intelligent Document Processing vendor Cogniquest has announced the successful closing of its $1.2 million seed funding round, which was led by Cedar-IBSi Capital & FinTech Lab, with participation from Dexter Ventures and more than 25 distinguished angel investors through AngelList and Cogniphy. Cogniquest will use the new funding to scale its AI-driven context-aware document intelligence platform and expand globally. Satish Grampurohit, Co-Founder and CEO of Cogniquest, commented: “Thank you Cedar-IBSi Capital & FinTech Lab, Dexter Ventures, AngelList India, AngelList, and Cogniphy for believing in our vision and market potential. Backing from strategic investors like you provides us with invaluable market access and the momentum to scale.” Cogniquest wrote: “This marks a key milestone in our journey as we scale our AI-driven context-aware document intelligence platform, helping businesses unlock actionable insights from unstructured data with unparalleled accuracy and efficiency. Our solutions are already being implemented across industry verticals such as banking & financial services, insurance, pharma, healthcare, supply chain, and ESG. This investment will fuel our journey to scale rapidly and expand globally as a leading enterprise tech AI platform, enabling businesses worldwide to harness the power of advanced document intelligence and automation.”
IDC publishes its ‘ProductScape: Worldwide Intelligent Document Processing Software 2025 – Technology Supplier Solution Functionality’
Research firm IDC has published its ‘ProductScape: Worldwide Intelligent Document Processing Software, 2025 — Technology Supplier Solution Functionality’. In it, IDC provides a guide on the key functionalities (categorized as fully supported, partially supported, partner provided, road map, or not supported, to help technology buyers determine which vendors meet their needs) of IDP solutions of the following vendors: ABBYY, Adobe, Alkymi, Altilia, Antworks, Appian, AWS, Datamatics, DocDigitizer, EdgeVerve Systems, Google Cloud, Hyland, Hyperscience, IBM, Infrrd, inovoo, Kodak Alaris, Microsoft, OpenText, Papyrus Software, Parascript, Retarus, Rossum, SER Group, Tungsten Automation, UiPath, and Veryfi. Andrew Gens, Research Analyst for AI software at IDC, commented: “Exciting new research from Amy Machado and me covering Intelligent Document Processing (IDP) products, offerings, or services provided by technology suppliers, specifically identifying their capabilities to support IDP.”
Cortical.io joins AIM Global to support the responsible use of AI
Intelligent Document Processing vendor Cortical.io has announced that it has joined the Global Alliance on AI (AIM Global) for Industry and Manufacturing, a United Nations Industrial Development Organization (UNIDO) initiative dedicated to advancing sustainable, ethical, and secure AI. By doing so, Cortical.io demonstrates its commitment to supporting the sustainable, ethical and safe use of AI. Rainer Kegel, CEO of Cortical.io, commented: “It is high time to recognize that humanity will only benefit from AI if it is responsible – ensuring sustainability, transparency, ethics, and security. This is why initiatives like AIM Global must be supported. We are very excited to collaborate with forward-thinking partners from around the globe on responsible AI initiatives.”
ClearDox included in the Chartis Energy50 rankings for 2025
Intelligent Document Processing provider ClearDox has announced that it has been included in the Chartis Energy50 rankings for 2025. This list, compiled by Chartis Research, assesses the top 50 energy technology providers and focuses on their innovations in trading and risk analytics, data and operational efficiency. Rick Nelson, CEO of ClearDox, commented: “We are overjoyed that ClearDox has been recognized by Chartis as they name us to this year’s Chartis Energy50 award. Many of the largest players across the energy sector now use ClearDox to automate their data intensive workflows, while achieving much deeper insights into their operationally related risk. It’s achievements and recognition like this that motivate the Clear team to continue our drive to transform the commodities sector with the power of AI.”
314e introduces its Intelligent Document Processing solution Dexit
Healthcare IT products and solutions company 314e has announced the launch of Dexit, its Intelligent Document Processing solution with purpose-built AI models tailored for healthcare documentation. Alyssa Dennis, HIM Product Lead at 314e, explained: “Dexit makes document management dramatically easier and more efficient. Its intuitive design allows organizations to quickly customize workflows to their precise needs, while the advanced AI handles the heavy lifting for manual tasks. What sets Dexit apart is its ability to continuously learn and adapt — evolving with staff behavior to become even smarter over time.” Abhishek Begerhotta, CEO of 314e, commented: “We’ve seen firsthand how manual document processing overwhelms healthcare staff. Healthcare organizations manage 50 to 500 different document types, each with varying formats, making standardization a major challenge. Dexit’s AI-driven automation streamlines this complexity, ensuring accurate extraction and classification across formats—reducing administrative burden and allowing staff to focus on higher-value tasks.”
📰Article:
Specialist vs Generalist — The Agentic Disruption: 7 Experts Weigh In
Where can AI agents deliver the most value, and which approach – specialist or generalist — will define the future of enterprise AI? Check out this article from Intelligent Document Processing vendor Rossum, in which 7 AI experts give their views on the subject.
🎧Podcast:
Next Future Today: What Does Automation Mean for Workers?
Watch this 40-minute episode of the Next Future Today podcast hosted by Dan Keldsen, Chief Innovation Officer at Infocap, in conversation with Craig Le Clair, VP and Principal Analyst at Forrester Research, to explore how automation is evolving in the world of work and how it will impact various worker classes and industries.
📊Reports:
There’s an AI Training Deficit: What Businesses Must Do Now
Are companies providing sufficient AI training to their employees? According to a recent report from Intelligent Document Processing vendor Klippa in collaboration with Databox, the answer is a clear no: a whopping 48.6% of all employees surveyed said they had received either insufficient training or no training at all. “The State of Professional Perceptions on AI” is the result of a survey conducted on 485 employees active in North America (51.7%), the EU (35.5%), and the UK (12.8%). What’s the solution to this problem? Menno Fokkema, CEO of DataNorth, explained: “Training and upskilling employees is essential to ensure they fully benefit from the available AI tools. Providing structured training not only enhances capabilities but also ensures the safe and effective use of AI, supporting a smooth implementation process.”
Beyond Words: Unveiling the True RoI of Intelligent Document Processing (IDP)
In this report, analyst firm Everest Group examines the key IDP market trends and use cases across industries and functions, presents a detailed ROI assessment framework, and evaluates the ROI of IDP in three use cases (invoice processing, insurance claims processing, and customer onboarding).
💡Opinion from industry leaders:
How Multimodal AI Is Redefining the Concept of Documents
Advances in multimodal AI are changing the way Intelligent Document Processing works – why should the concept of documents stay the same? Well, according to Christopher Helm, CEO of Helm & Nagel GmbH with its IDP software Konfuzio, it doesn’t. In his latest opinion piece Christopher Helm explains the concept of the fluid document.
🎥Upcoming Webinars:
February 18, 2025, 9 am EST: The Agentic Revolution: How AI Agents Are Transforming Document Processing in 2025
Can you use AI agents to automate all stages and aspects of paperwork – even the most complex tasks? Find out from Tomas Gogar, CEO of IDP vendor Rossum, together with Vojtech Paukner, Product Manager at Rossum, and industry experts Dan Lucarini, Senior Analyst at Deep Analysis, and Kirill Sadovnikov, Senior Consultant at KPMG Netherlands.
February 20, 2025, 10 am EST: Let the bots do the work: Using RPA vs. IDP To Automate Downstream Processes
Are you interested in seeing product demonstrations using UiPath and Microsoft Power Automate that show how RPA (now with advanced tech) can simplify and automate your processes? Register for this webinar hosted by AIIM Florida featuring Brent Wesler, VP of Strategic Technology & Digital Automation at Vital Records Control (VRC).
February 26, 2025, 10 am EST: Transforming Financial Services From Legacy to Leading Edge Thru Modern Automation
Join analyst firm Infosource featuring Nathaniel Palmer, CEO of Infocap, to get a better understanding about the challenges and solutions of automation for midsize banks and credit unions.
February 26, 2025, 1 pm EST: Simplifying underwriting with a “docs + digital” approach
Register for this live session with David Snitkof, SVP of Growth at IDP vendor Ocrolus, in which he will share how AI-driven document automation can help lenders create a single workflow for combining data from digital aggregation with scanned or mobile-uploaded documents.
March 19, 2025, 11 am EST: Intelligent Document Processing in the Agentic Era: Turning Documents into Decisions
Achieving high accuracy rates, ensuring compliance without relying too much on technical expertise: These are some of the biggest challenges in IDP. Register for this webinar in which IDP vendor Base64 addresses these very issues.
📆Upcoming Events (in-person):
March 31 – April 2, 2025: AI+IM Global Summit 2025 in Atlanta, US
If you want to transform your approach to information management, join AIIM (The Association for Intelligent Information Management) at the AI+IM Global Summit 2025. You can expect 2.5 days of insightful keynotes, real-world use cases, and hands-on workshops such as ’Data and Information Management: Pillars of AI Strategy Execution’, and many more.
April 2 – April 3, 2025: Crawford Technologies 2025 Industry Summit in Chicago, US
At the Crawford Technologies 2025 Industry Summit in Chicago, the software solutions and services provider will bring together end users, analysts, consultants and industry experts in customer communications and accessibility from healthcare, insurance, finance and more to share best practices, trends and actionable takeaways designed to drive innovation and efficiency in customer communications.
📌Find more upcoming events and webinars in the Intelligent Document Processing space here.
Thank you for reading and see you next week!
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