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Achieving the Multiplier Effect in IDP
How the Right Use of Intelligent Document Processing can Lead to Successful, Scaled Document Automation

Intelligent Document Processing (IDP) is a significant topic in 2023 due to the rapid digital transformation that many organizations have undergone over the course of the past 3-years. EdgeVerve created this report in collaboration with Shared Services and Outsourcing Network (SSON) to discuss how the right use of intelligent document processing can lead to successful, scaled document automation.

“68% of shared services practitioners view IDP as a high priority for their process optimization efforts, proving that the solution is viewed as necessary to many organizations looking to digitize.”

– SSON Research & Analytics

The report highlights why IDP is the need of hour, with focus on:

  • Exploring how generative AI technologies are adding even more value to IDP investment
  • Going beyond providing a foundational understanding of IDP’s applications and characteristics as an AI technology
  • Explaining the compounded business value of IDP when the multiplier effect is achieved
  • Explaining how to overcome the core challenges businesses must address to maximize the value of IDP

Also in the report:

Interview with Swaminathan Natarajan – AVP and Global Product Head of XtractEdge on How AI is Redefining what IDP can Deliver

 

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