Intelligent Document Processing Systems

Best Intelligent Document Processing Systems include:

Kofax TotalAgility, ABBYY FlexiCapture, and Rossum.

Intelligent Document Processing Systems Overview

What Is Intelligent Document Processing (IDP)?

Intelligent Document Processing (IDP), a form of Intelligent Automation, is a new system of data recognition and extraction from complex documents. IDP systems use traditional document scanning technology, primarily OCR software, and other machine learning tools to scan, categorize, extract, and analyze data from semi-structured or unstructured documents. IDP systems allow users to seamlessly integrate the data into workflow automations.

IDP System vs. RPA Software

IDP systems and RPA software are overlapping categories that involve automation of repetitive tasks. RPA software designs and employs bots to handle simple tasks, whereas an IDP system optimizes unstructured data to enhance workflows. IDP systems often complement RPA software to ensure that the highest quality data is integrated into automated workflows.

IDP System vs. OCR Software

IDP systems are in many ways an evolution of more traditional Optical Character Recognition (OCR) software. OCR software extracts text from structured electronic documents and converts the recognized text into an editable PDF or text file. IDP systems expand the core functions of OCR software by identifying and extracting data from unstructured documents, such as articles, emails, contracts, and letters. OCR software and IDP systems both eliminate the need for manual data entry. However, OCR software often requires more customization than IDP systems. IDP systems also automatically integrate the extracted data into existing workflows.

IDP System Features

IDP systems include the following identifiable features:

  • Ability to process unstructured/semi-structured data

  • Data recognition & classification

  • Automated data extraction

  • AI & machine learning tools to accelerate data analysis

  • Integrations with data management software

IDP System Comparison

When deciding if an IDP system is right for your business, consider the following factors:

  1. Document Complexity- Consider the volume of complex documents that don’t always follow a specific structure. IDP systems are ideal for businesses that process lengthy, detailed documents that do not follow a strict format.

  2. Business Size- IDP systems are often used by enterprise-level businesses that are already familiar with automated workflows.

  3. IDP system use cases- IDP systems can be implemented into workflows across a range of industries. Which existing IDP system best suits the needs of your business?

Pricing Information

You should contact specific vendors to request a demo and get a quote to determine the cost of an IDP system. The pricing usually includes an initial fee to set up the system and train users. Vendors may charge a fixed annual/monthly fee or use tiered pricing based on how many documents are uploaded into the system.


Intelligent Document Processing Products

(1-16 of 16) Sorted by Most Reviews

WorkFusion Intelligent Automation Cloud (formerly RPA Express)

WorkFusion (Crowd Computing Systems) headquartered in New York offers RPA Expression, a robotic process automation solution available free.

Kofax TotalAgility

Kofax TotalAgility brings cognitive capture capabilities to the hands of business analysts and non-technical users to solve content-centric challenges, including classification and extraction from financial documents, contracts, forms and other information-intensive documents. With…

SS&C AWD

SS&C offers the AWD Intelligent Automation Platform, which combines low-code application design, ingestion and content management, role-based workspaces, data and analytics, orchestration, integration services, rules management, multi-experience communications and robotics and emerging…

Infrrd

Infrrd is a cloud-based AI platform with three fundamental capabilities:1. Computer vision which makes sense of large volumes of images to describe what's in them2. Natural Language processing which makes sense of large volume of text coming from contracts, documents, customer…

Conduent AgileFlow

Conduent offers records management with the AgileFlow suite. The suite includes AgileFlow Records Manager, an integrated records management system for recorders, clerks, archivists and assessors. AgileFlow SuperSearch is its integrated web-based search engine that provides both full…

ABBYY FlexiCapture

ABBYY FlexiCapture is an Intelligent Document Processing platform that aims to bring together NLP, machine learning, and recognition capabilities into a single, enterprise-scale platform to handle every type of document, from simple forms to complex free-form documents, and every…

Rossum

Rossum, from the company of the same name in London, allows businesses to automate data extraction from documents with Artificial Intelligence. The Rossum Data Capture tool allows the user to automatically capture invoice data.

Hyperscience

Hyperscience's proprietary machine learning solution extracts and transcribes handwritten, cursive script, and machine printed text. The vendor boasts up to 95% automation and over 99.5% accuracy, helping enterprises reduce costs, streamline operations, and drive new business and…

UiPath Document Understanding

UiPath Document Understanding is an intelligent document processing software solution that trains RPA robots to understand and process a company's forms.

Grooper

Grooper is an intelligent document processing and digital data integration solution that enables organizations to extract meaningful information from paper/electronic documents and other forms of unstructured data. Grooper combines:Image processingCapture technologyMachine learningNatural…

Canoe Intelligence

Canoe Intelligence is an advanced document collection and AI-based data extraction technology from the company of the same name in New York.Unlike common data capture methods like OCR, Canoe Intelligence employs a blend of AI and machine learning technologies.

Kanverse Intelligent Document Processing

Kanverse IDP digitizes document processing for enterprises. It intelligently classifies, captures, and extracts all data from documents entering the workflow. It then organizes the information based on business needs. The raw data is sanitized and cleansed by the system during processing.…

Automation Anywhere IQ Bot

IQ Bot from Automation Anywhere combines RPA with AI technologies such as Computer Vision, Natural Language Processing (NLP), fuzzy logic and machine learning (ML) to automatically classify, extract and validate information from business documents and emails.

CAPSYS Capture

CAPSYS | CAPTURE and CAPSYS | CAPTURE ONLINE are document capture solutions, from CAPSYS Technology in Colorado Springs, designed to enable organizations to benefit from a scalable information management system that automatically assimilates emails and documents from Microsoft Office…

Evolution AI

Evolution AI is a solution for intelligent data extraction from financial documents boasting human-like accuracy, from Evolution Artificial Intelligence in London. Evolution AI uses computer vision and natural language processing (NLP) to extract data from PDFs, scans and machine-…

OCR Gateway

OCR Gateway is an OCR tool that helps users to optimize document workflows. With OCR Gateway users can extract data from anywhere, build workflows and collaborate with teammates. OCR Gateway features: 1. Data Extraction & Curation AI-driven optical character recognition (OCR)…

Frequently Asked Questions

Should my business use an IDP system if we already have an OCR software?

Choosing between traditional OCR software and an IDP system largely depends on the complexity and structure of a given document. IDP systems expand on OCR software capabilities by using machine learning tools to automate data extraction from complex or unstructured documents.

Which industries are already using IDP systems?

IDP systems benefit a variety of industries, including legal, healthcare, finance, and government. Businesses that do not want to be constrained by the limitations of OCR software could benefit from purchasing an IDP system.

What’s the difference between IDP systems and Robotic Process Automation (RPA)?

RPA software is crucial for building an automated workflow and completing repetitive tasks. Although RPA software has greatly improved business efficiency, it primarily integrates data pulled from structured documents. Using an IDP system allows users to extract complex data that traditional RPA software would struggle to incorporate into workflows.

What are the benefits of using IDP systems?

IDP systems are useful for minimizing repetitive data extraction from complex documents. The application of AI and machine learning tools in IDP systems requires less customization from users and greatly improves workflow efficiency.