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“EdgeVerve has significantly strengthened its position as a Major Contender and emerged as a Star Performer in the Intelligent Document Processing (IDP) Products PEAK Matrix® Assessment 2025. It achieved above-market growth and expanded its presence in various geographies such as the UK, Continental Europe, and APAC, and in different industries such as government and public services and travel and logistics. It strengthened its IDP offering by adding features such as an Operations Studio for customizing workflows and a Design Studio for creating domain-specific and language understanding models. It also expanded its context understanding capabilities through features such as language translation, and added support for more data types such as videos and checkboxes.”
EdgeVerve’s focus on enhancing software learning with generative AI, top-quartile improvement performance in both market success and capability advancement, led to the recognition. The report also highlights the key strengths of EdgeVerve’s IDP capability powered by a single, unified, AI-driven platform, EdgeVerve AI Next.
EdgeVerve AI Next is designed for streamlining operations, democratizing document digitization, and enabling informed decisions. It offers low-code/no-code flexibility for tailored tech infrastructure and AI methods.
EdgeVerve AI Next’s Operations Studio enables workflow customization and Human-in-the-Loop (HITL) validation, with auditor and manager roles for review. It supports various language models like Llama 3 (on-premises), Azure GPT-3.5, Gemini, and AWS Bedrock for generative AI.
50+ pre-built use cases are available, including driving licenses, export bills, insurance forms, and bank statements.
EdgeVerve AI Next’s Design Studio allows creation of domain-specific and language understanding models, such as sentiment analysis, summarization, key-value pair extraction, and Q&A document querying.
The platform includes transaction analytics dashboards for monitoring STP, exceptions, accuracy, and analyst productivity.
