Ephesoft’s intelligent document processing platform offers a wide range of use cases to transform document-centric operations, save costs and drive efficiency
Irvine, Calif. – December 8, 2021. Ephesoft Inc., a leader in intelligent document processing, automation and data enrichment solutions, today announced that the company was included in the 2021 Gartner report covering the intelligent document processing (IDP) competitive landscape. The Competitive Landscape: Intelligent Document Processing Platform Providers (Published 8 November 2021) estimates, “At a $1.2 billion market size in 2020, intelligent document processing is an integral technology enabling hyperautomation in the processing of structured, semistructured and unstructured content. This research outlines the evolving competitive landscape.”
“Ephesoft is committed to amplifying and innovating the hyperautomation space and we are thrilled to be recognized in this Gartner Competitive Landscape report,” said Ike Kavas, founder and CEO at Ephesoft. “Our focus now and in the future will be on delivering AI-powered IDP solutions that not only provide hyper-speed processing, accuracy and efficiency but are the premier data source to other intelligent automation tools.”
Ephesoft’s IDP platform automates structured, semistructured and unstructured document-centric processes and drives operational efficiencies. Ephesoft noted that the recognition comes on the heels of its recent product release that delivers industry-leading 88% accuracy rates for handwriting and cursive recognition – one of the most difficult types of unstructured data to capture. The platform not only digitalizes previously labor-intensive processes and eliminates manual data entry but also enables digital transformation downstream by making the data available to other workflows and systems.
“IDP forms one of the basic building blocks of the technology spectrum leveraged to enable hyperautomation.” Further Gartner states, “Driven by client demand for increased process automation, growth has been rapid during the past three to four years.” According to the report, “With the maturity of usage of RPA technology within clients, they embarked on more ambitious automation projects that required more sophisticated tools than optical character recognition (OCR) tools to capture, understand and process all kinds of complicated content/documents.”
To learn more about Ephesoft’s IDP platform and solutions, visit ephesoft.com.
About Gartner
Gartner, “Competitive Landscape: Intelligent Document Processing Platform Providers”, Arup Roy, Arthur Villa, Cathy Tornbohm, Soyeb Barot, 8 November 2021. GARTNER is a registered trademark and service mark of Gartner, Inc. and/or its affiliates in the U.S. and internationally and is used herein with permission. All rights reserved.
Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner’s research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.
About Ephesoft
Ephesoft’s Intelligent Document Processing (IDP) platform and data enrichment solutions automate document-centric processes to maximize operational efficiency and human productivity for enterprises and the public sector. Using AI, patented machine learning and proprietary classification models, Ephesoft’s customizable and scalable platform turns any document type into structured, actionable data to accelerate business processes and data-driven decisions. The platform’s APIs and iPaaS connectors allow for fast integrations into other business systems for seamless end-to-end automation. Working with a vast partner ecosystem, Ephesoft has been deployed in the cloud and on-premises to customers around the globe saving costs, improving data accuracy and fueling their digital transformation journey towards hyperautomation. Ephesoft is headquartered in Irvine, Calif., with regional offices throughout the US, EMEA and Asia Pacific. For more information, visit ephesoft.com.
