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:
Hypatos and xSuite join forces to provide smarter AI solutions
Intelligent Document Processing vendor Hypatos and software manufacturer and workflow solutions provider xSuite have announced a strategic partnership. Thanks to this partnership, xSuite will integrate Hypatos’ IDP capabilities (initially focusing on invoice processing) into its solutions, while Hypatos will incorporate xSuite’s SAP-integrated workflows into its portfolio, thus offering a more comprehensive automation suite. Dr. Uli Erxleben, Founder and CEO of Hypatos, explained: “xSuite and Hypatos are a perfect match, as we both focus on SAP-integrated solutions for similar customer segments. Even before this partnership, we served many of the same clients, making this collaboration a natural fit. With xSuite’s workflow solutions powered by our AI, our customers will benefit from an unmatched level of automation and efficiency.” Matthias Lemenkühler, CPO and CTO at xSuite, commented: “Extending our portfolio with Hypatos‘ AI capabilities significantly enhances automation for our customers, particularly in invoice processing. Since Hypatos’ AI components are based on large language models, we anticipate substantial improvements in document recognition accuracy, ultimately creating a faster and more seamless workflow for our users.”
ABBYY opens new AI Labs in the US, India and Hungary
Intelligent Document Processing vendor ABBYY has announced the opening of new AI Labs in the United States, India and Hungary to build innovative solutions that are more developer-friendly and accelerate the creation of secure new apps. With that, ABBYY aims to accelerate the development of purpose-built AI for IDP and process automation to maintain its leadership position in the intelligent process automation market. Patrick “PJ” Jean, Chief Technology and Product Officer at ABBYY, explained: “All too often we hear from customers that they are missing ROI targets and needing to adjust expectations due to hallucinations, unpredictability, and costly models. Our focus at the AI Labs is predictability, compliance, and effectiveness, making it easier for developers to consume document AI and deliver value to their organizations faster.”
Ripcord announces a strategic partnership with Palantir Technologies
Intelligent Document Processing provider Ripcord has announced a strategic partnership with software company Palantir Technologies. Through this partnership, Ripcord will combine its AI-driven robotic digitization with Palantir’s Artificial Intelligence Platform (AIP) to jointly enable organizations to seamlessly extract, analyze, and act on their data. Sam Fahmy, CEO of Ripcord, commented: “There is a goldmine of data trapped in documents. Our partnership with Palantir will allow organizations to combine Ripcord’s robotic digitization with Palantir’s leading edge AIP to unlock the massive value inherent in their own records, leading to significant progress in business, government, and society.”
Expert.ai launches EidenAI Suite and also announces new key appointments
Intelligent Document Processing provider expert.ai has announced the launch of EidenAI Suite, integrating advanced technologies in a modular and flexible suite. Dario Pardi, Chairman and CEO of expert.ai, commented: “Today we are excited to introduce the EidenAI Suite, a key milestone in the evolution and transformation journey we embarked on a year ago to strengthen the strategic positioning of expert.ai. We have designed our solutions tailored to meet the specific challenges and opportunities of each vertical sector, with a single goal: to put the customer at the center. We believe that our vertical solutions can support companies in addressing the complexities of the market, helping them maximize success and satisfaction.” In addition, expert.ai has announced the appointment of two new Senior VP Sales in North America and Northern Europe to support its growth objectives: Jeff Sondak will lead sales in North America and Andrea Ricotti, former VP Channel Development EMEA, will lead sales in Northern Europe.
UST expands its presence in India with a new office in Pune
Digital transformation solutions provider UST has announced the opening of a new office in Pune, further strengthening its presence in India. Alexander Varghese, Chief Operating Officer of UST, commented: “We are excited to inaugurate our new office space in Pune, marking a significant milestone in our continued growth in India. Through these strategic expansions, we are planning to scale our operations significantly, aligning with business needs and market opportunities in digital transformation. Our focus is on building a strong talent base, business consulting pipeline, strategic partnerships, and expanding infrastructure to support our growing teams in AI, Design, and Engineering.”
KMWorld publishes its ‘100 Companies That Matter in Knowledge Management 2025’, featuring several IDP providers
Publisher KMWorld has released its list of ‘100 Companies That Matter in Knowledge Management 2025’. KMWorld wrote: “The importance of innovation and creativity in KM cannot be overstated. In many respects, AI and other emerging technologies have cemented the importance of KM within organizations, making KM a “must have” rather than a “nice-to-have” vehicle for knowledge sharing and organizational success.” This year’s ‘100 Companies That Matter in Knowledge Management 2025’ also include IDP providers ABBYY, Appian, Automation Anywhere, expert.ai, Kodak Alaris, OpenText, Tungsten Automation and UiPath.
📰Articles:
Preparing for the upcoming AI+IM Global Summit, featuring Deep Analysis’ Alan Pelz-Sharpe
How is AI changing the information management landscape and what can attendees expect at the AI+IM Global Summit hosted by AIIM (the Association for Intelligent Information Management) in Atlanta from March 31-April 2 (see events below)? Tori Miller Liu, President and CEO of AIIM, recently spoke with Alan Pelz-Sharpe, Founder and principal analyst of Deep Analysis, and Max Gerrard, Director of Solution Engineering at SER Group, about these very questions.
Identifying the Best OCR API: Benchmarking OCR APIs on Real-World Documents
To assess the state of OCR in 2025, IDP vendor Nanonets has benchmarked nine of the most popular OCR APIs, covering commercial solutions, open-source OCR engines, and document processing frameworks. The benchmarking comes just in time after the recent discussions about Vision Language Models (VLMs) and OCR and the relevance of OCR (with an article by Dan Lucarini, Senior Analyst at Deep Analysis, and an article by Greg Council, Director of Product Marketing at ImageSource).
Start Smart With AI: Why Document Automation Is the Ideal First Step for Enterprises
Rather than investing in a large-scale AI transformation, John Pennypacker, VP of Sales and Marketing at Deep Cognition, advises that companies should begin with business document automation: “Don’t put AI on top of broken processes — get your house in order first. Document process automation can be a growth vector for your company, driving productivity gains and reducing the need for additional headcount.”
💡Opinion:
Context Aware IDP: The Next Generation of Intelligent Document Processing
“The future of Intelligent Document Processing lies in bringing an intelligent mix of traditional AI and Gen AI/LLM to offer context-aware processing,” says Satish Grampurohit Co-Founder and CEO of Intelligent Document Processing vendor Cogniquest. In his latest opinion piece, he explains why this is the case and identifies the five key features he believes are required for an effective IDP solution.
🎥Upcoming Webinars:
March 19, 2025, 11 am EST: Intelligent Document Processing in the Agentic Era: Turning Documents into Decisions
Curious about IDP case studies? In this webinar, IDP vendor Base64 will present customer case studies that show how organizations are achieving first pass accuracy rates of over 95% with Intelligent Document Processing.
March 20, 2025, 11 am EST: Top Trends Shaping Automation and IDP in 2025 and Beyond
What are the top trends for automation and Intelligent Document Processing in 2025? Register for this webinar from IDP vendor Hyperscience with their CTO Brian Weiss and guest speaker Boris Evelson, Vice President & Principal Analyst at Forrester, to find out.
March 26, 2025, 3 pm CEST: Boosting Working Capital: Why Intelligent Document Processing is a Must Today
Are you a CFO at a company in the US, UK or Germany and need solutions to modernize your financial systems? Join experts from Rossum to uncover how Intelligent Document Processing can transform your financial operations.
📆Upcoming Events (in-person):
March 18, 2025, 4:30 pm CET: Innovation-Driven Financial Sector: How AI is Reinventing Topics like Compliance in Zurich, Switzerland
Are you a banking or insurance executive and would like to learn how AI is driving innovation in the financial sector and then attend an exclusive get-together? Then register for this FSI event in Zurich, co-organized by IDP vendor Parashift.
March 31 – April 2, 2025: AI+IM Global Summit 2025 in Atlanta, US
Join AIIM (The Association for Intelligent Information Management) at the AI+IM Global Summit, where information leaders like you will discover how to thrive in the age of AI. Over 2.5 days, you’ll gain practical insights with sessions like “Digital Transformation Starts at Capture: Converting Paper into AI-Ready Data” by Ricoh’s Scott Francis, make valuable industry connections and much more.
April 1 – April 2, 2025: ABBYY AI Summit 2025 in Vienna, Austria
IDP vendor ABBYY will kick off the first event of its three-part event series ‘ABBYY AI Summit 2025’ in Vienna, Austria, bringing together industry leaders, visionaries and experts to redefine how AI is transforming organizations and driving the future.
📌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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