Ephesoft’s flagship solution for smart document and data management receives innovation award in Germany

Ephesoft Transact wins BEST OF 2018 award in the category DMS/Data Management

Ephesoft Transact is one of the winners of this year’s “INNOVATIONSPREIS-IT” (IT Innovation Award) in Germany. Ephesoft’s solution for smart document and data management won the BEST OF 2018 award in the category DMS/Data Management. The “Initiative Mittelstand,” an organization for the support and promotion of SME success in Germany, awards organizations since 2004 by the initiative’s jury of IT experts, scientists, journalists and academics, who select the winners according to product and solution benefits for Germany’s SMEs.

The initiative’s jury was impressed by Ephesoft’s SaaS platform: data classification using supervised machine learning that enables even SMEs with smaller budgets to turn their unstructured data into actionable information. The results are remarkable productivity increases of up to 400 percent and up to 92 percent faster business processes.

“We are very happy about winning the INNOVATIONSPREIS-IT with Ephesoft Transact. Our solution enables companies to regain control over their steadily increasing masses of data, leverage newly structured information as competitive advantages for their business and create the data transparency, which they require in the context of the upcoming European General Data Protection Regulation,” said Enno Lüeckel, Vice President, EMEA at Ephesoft.

Ephesoft’s solution is available in the cloud or on-premise and allows for automatic processing, classification, metadata extraction, validation and export from documents. Based on patented supervised machine learning technology for data classification, the solution offers companies increased efficiency, reliability and usability. Ephesoft Transact is the only 100 percent browser-based capture solution, which is certified for both Microsoft Azure and AWS, and supports RESTful APIs. Its Java-based open architecture, which makes use of industry-specific tools, ensures that companies can remain independent of proprietary technologies. The platform allows companies to optimize their document processes and subsequently attain up to 80 percent cost savings, reduce document processing time by about 67 percent and increase the volume of processed documents by around 90 percent. Processes become faster, more precise and more accurate.