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Kofax Named an Intelligent Document Processing (IDP) Leader in Everest Group Report

The 2023 Everest Group Intelligent Document Processing (IDP) Products PEAK Matrix ® Assessment is out and we’re excited to share that for the fifth consecutive year Kofax has emerged as a leader. Kofax received high scores for both “market impact” and “vision & capability,” which illustrates outstanding market expansion and product innovation. TotalAgility is a low-code intelligent automation (IA) platform combining IDP, process modeling, workflow automation, case management, AI, RPA, business rules, e-signature, PDF creation, outbound communications, and analytics capabilities.

Modern businesses face the colossal task of processing an overwhelming volume of data daily, originating from diverse sources and in various formats. While a fraction of this data arrives in neatly structured packages through online forms, the majority floods in unstructured formats via emails, social media posts, product reviews, and numerous other sources. Intelligent Document Processing uses artificial intelligence (AI) to help organizations quickly and accurately understand and act on this data, driving their critical processes and applications.

Understanding the Power of Intelligent Document Processing

Intelligent Document Processing is a game-changing component of Intelligent Automation that revolutionizes the way businesses manage and classify unstructured data. While Optical Character Recognition (OCR) extracts text from documents, IDP takes it a step further by enabling software to extract data from complex formats and make intelligent decisions based on that information. With IDP, organizations can tackle intricate challenges associated with unstructured data that were once considered insurmountable.

By harnessing the capabilities of IDP, businesses can process documents more efficiently, uncover hidden inefficiencies, and optimize their end-to-end processes. Say goodbye to manual data extraction and embrace the power of IDP to streamline your operations and unlock new possibilities.

“Kofax has, once again, emerged as a Leader on Everest Group’s Intelligent Document Processing PEAK Matrix® Assessment 2023. Its TotalAgility platform for IDP comes with the ability to process input documents from different sources and in various formats. Kofax has an in-house OCR engine and the capability to build data-intensive workflows and offers pre-built models and pre-packaged solutions for different industries and business functions." said Vaibhav Bansal, Vice President, Everest Group.” The platform’s low-code interface, real-time business insights, self-learning capabilities, and advanced pre-processing capabilities, have further contributed to its large-scale market adoption.” Vaibhav Bansal, Vice President, Everest Group.

Discover Intelligent Automation

Intelligent Automation is a term for software that uses both Artificial Intelligence (AI) and Robotic Process Automation (RPA) to manage processes. Basically, it’s software that helps organizations achieve maximum business efficiency by automating their data-intensive workflows.

It’s used by every industry – finance, healthcare, manufacturing, retail, and more – because nearly every organization is running data-intensive operations. Using automation helps companies accelerate work, drive productivity and improve customer satisfaction. And save money, too.

Our flagship product in this space is Kofax TotalAgilityⓇ and we’ve just released version 7.11. TotalAgility is the only integrated hyperautomated portfolio, providing organizations like yours with continuous innovation in workflow transformation.

Gain Exclusive Insights into Kofax's Leadership in Intelligent Document Processing by downloading the "Everest Group Intelligent Document Processing Products PEAK Matrix ® Assessment 2023"

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