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:
Deep Analysis publishes ‘Intelligent Document Processing Market Analysis 2025-2028’ (and celebrates its 9th anniversary)
Analyst firm Deep Analysis has published its latest report titled ‘Intelligent Document Processing Market Analysis 2025-2028: IDP At The Crossroads’. In this 62-page report, Deep Analysis provides a comprehensive look into the IDP software market, forecasts its size and growth over the next four years, shares key findings from a recent survey of 57 IDP companies on their biggest growth challenges, their revenue growth targets, their use of AI agents and their vertical market focus. Dan Lucarini, Senior Analyst at Deep Analysis, stated: “This is the most important report we’ve ever done on the sector.” According to the analyst firm, “IDP stands at the crossroads, facing potential disruptions from three trends”: 1. everyone is talking about AI agents, but are they friend or foe for IDP? 2. what’s the real impact of Generative AI? An assessment two years in. 3. IDP functionality is everywhere – what does this mean for the future of the market? Nonetheless, Deep Analysis’ key takeaway from the report is: “The market is expanding and will see double-digit growth through 2028.” On another note: Deep Analysis is also celebrating its 9th anniversary. Congrats on that! Alan Pelz-Sharpe, Founder and Principal Analyst, looks back at some of the highlights, including the transformation that document processing has undergone: “In November 2018, Amazon quietly released a product called Textract, and it took us a lot of time and effort to get a briefing and meet with its creators. The reason being the folks at AWS didn’t think it was a big deal and couldn’t fathom why any analyst firm would be interested (in fairness, none of the other analyst firms were interested). But we were very interested. We thought that if AWS could release a commodity-based, easy-to-access, AI-driven OCR service, then the sleepy document processing world was in for a big change. We were right. After 20-plus years of little change, a market dominated by a handful of legacy capture vendors is now a vibrant and thriving market of over 400. Indeed, IDP, led by Dan Lucarini, is now a cornerstone of our research and advisory practice. Yet, when we published our first report on Textract, the response to it was universal: Textract isn’t good enough, nobody is interested, it doesn’t change a thing.”
Rossum launches specialist AI agents for transactional documents to automate enterprise paperwork
Intelligent Document Processing vendor Rossum has announced that it has launched specialist AI agents for transactional documents such as invoices and purchase orders to automate paperwork and accelerate process automation while ensuring compliance. A set of four new capabilities enables business users to easily configure and deploy AI agents for paperwork: procedures and actions (the ability to perform actions consistently and in accordance with existing SOPs), reasoning (allowing AI agents to infer new data not explicitly mentioned in documents), datasets (improved integration with enterprise master data to understand the full context of the business transaction), and business & operational insights (enhancing its existing ‘Reporting & Insights’ capabilities to provide business users with better insight into AI agent performance and actionable business intelligence). Petr Baudiš, Co-Founder and Chief Technology Officer of Rossum, explained: “Enterprise paperwork processes are inherently complex because they’re designed to keep businesses safe. While generalist AI agents may seem like an appealing shortcut, they lack the specific skills, domain expertise, and guardrails needed to handle these workflows reliably. Specialist AI agents in Rossum are purpose-built for handling transactional paperwork like invoices and purchase orders, ensuring they process these documents with the speed and precision that our customers expect.” Dan Lucarini, Senior Analyst at Deep Analysis, wrote: “AI Agents to do your paperwork are finally here. Chapeau to the Rossum team for launching a useful AI Agent solution that any business or government office can find immediate value from. This type of “utility” is exactly what we think GenAI and LLMs need, to move out of the realm of fairy dust magic tricks and become indispensable business tools.” Along with the launch, Tomas Gogar, Co-Founder and CEO of Rossum, sat down with Dan Lucarini. To watch the 12-minute fireside chat, click here.
Alkymi receives TX-RAMP Level 2 Certification, underlining its commitment to security and compliance
Intelligent Document Processing vendor Alkymi has announced that it has received Level 2 certification from the Texas Risk and Authorization Management Program (TX-RAMP). TX-RAMP provides a standardized approach for security assessment, certification, and continuous monitoring of cloud computing services that process the data of Texas state agencies. Receiving TX-RAMP Level 2 Certification underscores Alkymi’s ability to provide highly secure, AI-powered automation solutions to public sector organizations. In addition, Alkymi announced the appointment of Maria Orlova as its new Head of Marketing. Maria Orlova brings ten years of experience in leading marketing teams at companies such as The Economist and InvestX Capital. She joins the IDP vendor from d1g1t, where she most recently served as VP Marketing.
AIDA launches new document note feature to customize, annotate and manage every document with detailed notes
Intelligent Document Processing vendor AIDA has announced the launch of its document note feature. The main benefits of this latest release are that it allows the user to add notes to any document (either as free text for comments or explanations or automatically based on fields extracted from the document), providing more detailed management, and that the notes are easily accessible and visible at any stage of the document process.
Reveille Software releases its Winter 2025 Update (via direct source)
Reveille Software, a provider of management and monitoring solutions for Intelligent Process Automation-based applications, has announced the release of its Winter 2025 Update. Among the key new features are AI Dynamic Thresholding (which uses open-source machine learning models to automatically set upper and lower thresholds), expanded Microsoft 365 observability, and user analytics application support (with advanced data-driven insights). Brian DeWyer, Co-Founder and CTO of Reveille Software, explained: “Reveille’s new AI support for intelligent automation solutions enhances the comprehensive coverage provided by Reveille’s observability and monitoring. Dynamic thresholds are just the first of multiple AI-based solutions planned for 2025, reinforcing our commitment to delivering smarter, more efficient monitoring capabilities.”
Concord Technologies launches Concord Connect for healthcare providers
Intelligent Document Processing provider Concord Technologies has announced that it has launched Concord Connect, its straight-through processing platform for healthcare documents. Chris Larkin, CTO of Concord Technologies, explained: “Concord Connect is the culmination of decades of innovation and expertise around the exchange and processing of documents By interacting with documents and data through their entire journey, including the ‘last mile’ of integration into the system of record, Concord Connect supports increased operational efficiency and cost savings. Most importantly, it achieves all this while supporting Concord’s unwavering commitment to data privacy and security.”
Graip.AI joins forces with Excellent to help businesses simplify accounting, inventory management and e-invoicing
Intelligent Document Processing vendor Graip.AI has announced a partnership with Excellent, the team behind the business management platform Standard Books. Through this partnership, Graip.AI is integrating its IDP capabilities into Standard Books to help businesses simplify tasks such as accounting, inventory management and e-invoicing, making day-to-day operations easier.
📰Article:
Unlocking the Future of Automation: A Comprehensive Guide
What key technologies are needed for an automated process? In this guide, Mindee, an API-first platform that helps developers automate applications’ workflows, walks you through a step-by-step automation approach that starts with data capture, goes on to extract actionable information, and finally automates decision making and workflow execution.
🎧Podcast:
How has business process management and case management changed?
Check out this 31-minute episode of the IDP podcast with Thilo Rossa, Head of Product at Intelligent Document Processing Parashift. He talks to Axel Ensinger and Marcus Nagel, Co-CEOs of low-code digitization platform JobRouter, about the changing role of business process management and case management and how JobRouter is transforming business processes with AI and the power of IDP.
💡Opinion:
STAY TUNED: What Are AI Agents Really? A Closer Look at the Next Frontier in Automation
Everybody is talking about AI agents. But what are they really? And how exactly do they operate? Stay tuned for next week’s opinion piece by Dr. Marlene Wolfgruber, Product Marketing Lead for AI at Intelligent Document Processing vendor ABBYY, to find out.
🎥Upcoming Webinars:
February 26, 2025, 10 am EST: Transforming Financial Services From Legacy to Leading Edge Thru Modern Automation
Register for this webinar from analyst firm Infosource featuring Nathaniel Palmer, CEO of intelligent process automation solutions provider Infocap, to learn 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
Join David Snitkof, SVP of Growth at Intelligent Document Processing vendor Ocrolus, as he will show you how AI-driven document automation can help lenders create a single workflow for combining data from digital aggregation with scanned or mobile-uploaded documents.
February 27, 2025, 11 am EST: AI Powered Smart Mailbox
Register for this webinar hosted by Intelligent Document Processing vendor Cogniquest to discover how leading organizations are using AI-powered Smart Mailbox. Satish Grampurohit, Co-Founder and CEO at Cogniquest, wrote: “Worth attending! If you handle a high volume of incoming emails for customer support and looking for solutions to classify them by intent or purpose, extract key data from the email body and attachments, automate responses based on aspect based sentiment analysis or auto forward to the right user group, or create service tickets, this discussion will be highly.”
March 6, 2025, 11 am EST: AI Readiness in Supply Chain Operations: Insights from Industry Leaders
Register for this webinar moderated by Alan Pelz-Sharpe, Founder and Principal Analyst at Deep Analysis, featuring a panel of experts including IDP provider Hyperscience to gain insights into how AI is transforming the transportation and logistics industry.
March 19, 2025, 11 am EST: Intelligent Document Processing in the Agentic Era: Turning Documents into Decisions
Achieving a high accuracy rate and ensuring compliance without relying too heavily on technical expertise: These are some of the biggest IDP challenges. Register for this webinar in which IDP vendor Base64 addresses these very issues.
📆Upcoming Events (in-person):
March 18, 2025, 4:30 pm CET: Innovation-Driven Financial Sector: How AI is Reinventing Topics like Compliance
This event, co-organized by IDP vendor Parashift, will provide insights into how AI is driving innovation in the financial sector and is aimed at executives from the banking and insurance sectors.
March 31 – April 2, 2025: AI+IM Global Summit 2025 in Atlanta, US
Visit AIIM (The Association for Intelligent Information Management) at the AI+IM Global Summit 2025 if you want to transform your approach to information management. 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 1 – April 2, 2025: ABBYY AI Summit 2025 Vienna
At the ABBYY AI Summit 2025 in Vienna, the IDP vendor brings together industry leaders, visionaries, and experts to redefine how AI transforms businesses and drives the future. Through inspiring keynotes, dynamic panels, and interactive sessions, you’ll gain deep insights into the latest trends, practical applications, and ethical dimensions of AI.
April 2 – April 3, 2025: Crawford Technologies 2025 Industry Summit in Chicago, US
At its Industry Summit 2025 in Chicago, Crawford Technologies brings together end users, analysts, consultants and industry experts in customer communications and accessibility from the healthcare, insurance and financial industries to share best practices, trends and actionable insights 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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