“EdgeVerve is positioned as a Major Contender in Everest Group’s PEAK Matrix® for IDP software products in 2020. Its IDP platform, XtractEdge Platform, has strong NLP and text mining features, in addition to core extraction and classification. Through pre-trained solutions, XtractEdge Platform is able to address complex use cases such as sell-side/procurement contract processing and contractual risk identification. This capability, combined with its tight integration to its native RPA tool AssistEdge, position it well for success, particularly in the unstructured document space,” according to Anil Vijayan, Vice President, Everest Group.

XtractEdge Platform is a single platform that harnesses information and insights locked away in unstructured documents. It automates the end-to-end document processing lifecycle from ingestion to consumption, using AI capabilities. XtractEdge Platform enables intelligent processing of documents such as invoices, waybills, account receivables, and policy documents, among others. The key design tenants for XtractEdge Platform are ease of use, scalability, and out-of-the-box integration features that allow enterprises to get faster access to actionable data.