Latest news with #IntelligentDocumentProcessing
Yahoo
8 hours ago
- Business
- Yahoo
UiPath (PATH) Launches Generative Extractions to Automate Complex Document Processing
UiPath Inc. (NYSE:PATH) is one of the UiPath Inc. (NYSE:PATH) is one of the best midcap AI stocks to buy right now. On August 1, 2025, UiPath announced the general availability of its new Generative Extractions capability for the Intelligent Document Processing (IXP) platform. The release enables users to automate the processing of unstructured and complex documents using generative AI. This includes parsing multi-table layouts, freeform text, embedded graphics, and other non-standard formats that traditional document automation tools often fail to handle effectively. The feature is now live in the U.S. and Europe, with public previews rolled out to customers in Canada, Australia, and Japan. This expansion marks a major step forward in UiPath's strategy to integrate large language model capabilities across its platform. By bringing generative document understanding to production environments, the company is positioning its platform not just for routine automation, but for high-complexity, high-volume enterprise workflows. With many global organizations still struggling to extract structured insights from PDFs, scans, and multi-modal documents, this feature directly addresses one of the most persistent gaps in automation. UiPath is a New York-based enterprise automation software company known for its robotic process automation (RPA) platform. UiPath is actively transitioning toward agentic automation, mixing deterministic RPA workflows with generative AI and AI agents. They've introduced tools like Agent Builder and launched the UiPath Platform for Agentic Automation, which orchestrates AI agents, robots, and humans into a unified intelligent system. While we acknowledge the potential of PATH as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: and . Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
5 days ago
- Business
- Yahoo
Hyperscience Recognized on the 2025 Inc. 5000 List of Fastest-Growing Private Companies in America
Groundbreaking AI and ML models and explosive demand for its Intelligent Document Processing platform across public and private sectors propel the company forward NEW YORK, August 12, 2025--(BUSINESS WIRE)--Hyperscience, a market leader in hyperautomation and a provider of enterprise AI infrastructure software, today announced its inclusion on the prestigious 2025 Inc. 5000 list of America's fastest-growing private companies. The company's proven success in delivering operational efficiencies across numerous verticals has earned it a spot on the list for the first time. This placement comes on the heels of a breakout year marked by the release of the company's Optical Reasoning and Cognition Agent (ORCA), its next-generation Vision-Language Model (VLM), and rapid adoption of its platform across government agencies, global enterprises, and regulated industries. "Being recognized on the Inc. 5000 list for the first time reflects the years of hard work and commitment of our teams, and is a testament to our achievements in leading the charge for intelligent automation," said Andrew Joiner, CEO of Hyperscience. "At Hyperscience, we're not just building AI, we're reshaping how the world works with information. This placement reinforces our mission to deliver AI that understands, empowers, and accelerates outcomes for organizations everywhere." Hyperscience transforms organizations everywhere with a turnkey AI platform that accelerates the processing of documents and forms that flow through an enterprise's back office. Designed with a "human-in-the-loop" approach, this platform leverages the strengths of both humans and machines. Hyperscience comprehensively manages data from input to extraction, orchestrating end-to-end processes. With industry-leading accuracy (99.5 percent) and automation (98 percent), Hyperscience automates tedious tasks, enabling workforces to spend their time on higher-level projects. The Inc. 5000 list, compiled annually by Inc. magazine, ranks the 5000 fastest-growing private companies in the United States based on revenue growth over the past three years. Making the Inc. 5000 is a significant achievement that places Hyperscience among the most dynamic and successful businesses in the country. For the full list, company profiles, and a searchable database by industry and location, visit: About Hyperscience Hyperscience is a market leader in hyperautomation and a provider of enterprise AI infrastructure software. The Hyperscience Hypercell platform unlocks the value of an organization's back office data through the automation of end-to-end processes, and transforms complex documents into LLM and RAG-ready data to power new enterprise GenAI experiences. This enables organizations to transform manual, siloed processes into a strategic advantage, resulting in a faster path to decisions, actions, and revenue; positive and engaging customer, public, and patient experiences; and dramatic increases in productivity. Leading organizations across the globe rely on Hyperscience to drive their hyperautomation initiatives, including American Express, Charles Schwab, HM Revenue and Customs, Mars, Stryker, The United States Social Security Administration, and The United States Department of Veterans Affairs. The company is funded by top tier investors including Bessemer Venture Partners, Battery, FirstMark, Stripes, and Tiger Global. View source version on Contacts Media Jyotsna (415) 917-7411 Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
6 days ago
- Business
- Yahoo
Concord Technologies Introduces Direct Secure Messaging Within its Concord Connect™ Platform to Transform Healthcare Data Exchange
Integration of Direct Secure Messaging and Intelligent Document Processing benefits healthcare organizations with faster access to structured data to support care delivery and interoperability SEATTLE, August 12, 2025--(BUSINESS WIRE)--Concord Technologies ("Concord"), a leader in Secure Document Exchange, Intelligent Document Processing, and Interoperability solutions, today announced the upcoming launch of Direct Secure Messaging (DSM) within its Concord Connect™ platform, available Fall 2025. This enhancement marks a significant step forward in enabling healthcare organizations to modernize how patient information is received, processed, and integrated across systems. Healthcare teams face persistent challenges in managing patient data during transitions of care and care coordination. Information often arrives from disparate systems and in both structured and unstructured formats, making timely, secure, and compliant data exchange difficult. DSM is a secure transport protocol that supports the exchange of a wide range of healthcare-related information. It is built on the widely adopted Direct Standard® and enables the secure, encrypted exchange of clinical information between trusted healthcare entities. With the addition of DSM, Concord Connect™ will support secure delivery of clinical records via a DSM address alongside Digital Fax. Using Concord's Practical AI™, these incoming documents are then indexed into appropriate queues where key pieces of patient data—whether structured or unstructured—are extracted and analyzed for intelligent workflow automation and insertion into systems of record. This process, known as Straight-Through Processing, simplifies intake workflows, accelerates integration with downstream technologies, and minimizes delays in the triage and processing of critical patient information. "At this year's DirectTrust® Annual Conference, it was exciting to see our vision for secure, interoperable data exchange validated," noted Chris Larkin, Chief Technology Officer of Concord. "Concord's ability to intelligently receive and process both structured and unstructured data addresses one of healthcare's most persistent challenges: fragmented intake workflows. By integrating multiple modalities like Digital Fax and Direct Secure Messaging into a single platform, we're enabling providers to triage and route patient information faster than ever before. The enthusiastic response from industry leaders confirms we're solving real problems—and we're just getting started." "Our vision for Straight-Through Processing is grounded in addressing the critical challenges faced by healthcare organizations," said William Cavanaugh, Chief Executive Officer of Concord. "Concord Connect is a powerful example of that vision in action—bringing together structured and unstructured data into a single, intelligent workflow. By streamlining the sharing and processing of patient data, and enabling Straight-Through Processing, we're helping providers accelerate care delivery and reduce administrative burden, all while maintaining the highest standards of security and compliance." About Concord Technologies Concord Technologies is a leading provider of Secure Document Exchange, Intelligent Document Processing, and Interoperability solutions to healthcare providers, payers, and other highly regulated businesses. For more than 20 years, billions of sensitive records containing valuable patient information have been reliably, accurately, and securely sent and received across Concord's digital health network, and today, the company processes more than 4 billion pages of protected data each year. The company is also recognized for its best-in-class development of new artificial intelligence technologies, including Concord's Practical AI™ approach to solving the most pervasive administrative challenges in the healthcare industry and for its industry-leading applications that help its customers grow and manage their business. View source version on Contacts For more information about Concord Technologies, contact:Dan Conley, PresidentBeacon Communicationscconley@ Julie Freguia, Chief Marketing OfficerConcord Technologiesjfreguia@
Cision Canada
30-07-2025
- Business
- Cision Canada
Automation Anywhere Recognized as a 2025 Gartner Peer Insights™ Customers' Choice for Intelligent Document Processing Solutions
AAI is the only company recognized as "Customers' Choice" for IDP Solutions SAN JOSE, July 30, 2025 /CNW/ -- Automation Anywhere, the leader in Agentic Process Automation (APA), today announced it has been recognized as a 2025 Gartner Peer Insights™ Customers' Choice for Intelligent Document Processing (IDP) solutions. This distinction is based on feedback and ratings from customers who have implemented Document Automation to automate the extraction, validation, and understanding of data from complex unstructured documents, turning into structured information for actionable business use. Automation Anywhere is the only company recognized as "Customers' Choice" for IDP Solutions where scores meet or exceed the market average for both axes (User Interest and Adoption, and Overall Experience). With an overall score of 4.8 Star Rating and being scored highest in Product Capabilities and Deployment Experience, 92% of customers recommend Automation Anywhere's Document Automation Solution. "Intelligent document processing with generative AI has allowed us to reduce manual effort by 90%, returning 10,000 hours annually for employees to dedicate their focus to charging the greater company vision toward the goal line," said Vitor Paulo Moreira Correia, Hyperautomation CoE Leader, Eletrobras. "Being recognized as a leader in Gartner Peer Insights 'Voice of the Customer' is validation of our unwavering commitment to customer success," said Adi Kuruganti, Chief Product Officer, Automation Anywhere. "This acknowledgement directly reflects the trust organizations place in us to deliver innovative, AI-powered automation that truly transforms how they process information, empowering their teams to work smarter, achieve transformative results, and redefine what's possible across the enterprise." Automation Anywhere's Document Automation is a key component of the company's Agentic Process Automation System, delivering AI-powered data extraction automation that works across complex document types and diverse formats. Business processes like Accounts Payable (AP), Accounts Receivable (AR), Customer Onboarding, Claims Processing, Legal and Compliance, and HR, are crucially dependent on document processing. Document Automation streamlines the entire document processing workflow through AI technologies, extracting relevant data, comprehending context, and processing information with accuracy and efficiency. This solution saves time, minimizes errors, reduces operational costs, and boosts productivity. 'The Gartner Peer Insights Customers' Choice distinction is based on verified customer reviews collected over an 18-month period ending April 2025. To learn more and read the full report, visit Gartner Peer Insights for Intelligent Document Processing Solutions. Gartner and Peer Insights™ are trademarks of Gartner, Inc. and/or its affiliates. All rights reserved. Gartner Peer Insights content consists of the opinions of individual end users based on their own experiences, and should not be construed as statements of fact, nor do they represent the views of Gartner or its affiliates. Gartner does not endorse any vendor, product or service depicted in this content nor makes any warranties, expressed or implied, with respect to this content, about its accuracy or completeness, including any warranties of merchantability or fitness for a particular purpose. About Automation Anywhere A pioneer in Agentic Process Automation, Automation Anywhere empowers organizations to harness the power of AI-driven bots that work alongside employees to automate complex business processes—improving efficiency, accuracy, and real-world impact. Engage with Automation Anywhere Automation Anywhere is a registered trademark/service mark of Automation Anywhere, Inc. in the United States and other countries. Other marks referenced are the property of their respective owners.
Yahoo
21-05-2025
- Business
- Yahoo
AI Revolutionizes Non-Bank Mortgage Lending: Insights from HFS Research and Cognizant
New study highlights how 2025 will be a turning point as technology redefines experience, operations, and value across the mortgage lifecycle. Key Findings: 74% of non-bank lenders are betting on innovation to drive differentiation, while only 21% believe they are leading the pack—revealing a significant gap and opportunity to innovate. Agentic AI is becoming the next big play, merging GenAI's cognitive reasoning with automation's precision—ushering in task-fulfilling "agents" that scale beyond efficiency into execution. Only 51% of lenders feel fully prepared for compliance risk, with some receiving up to 1,700 regulatory alerts in 2024—25% with direct business impact. Demonstrating ROI is critical. Intelligent Document Processing (IDP) is winning over lenders for its fast returns—especially where paper still rules. Outsourcing is being redefined. Full-service partnerships are expected to rise from 30% to 42% by 2026, measured by growth outcomes instead of simply on cost. Automation will reach 68% of mortgage operations by 2026, signaling a shift from task-level wins to blending technology, human expertise, and continuous improvement into an intuitive tech-to-ops cycle in mortgage operations. NEW YORK, May 21, 2025 /PRNewswire/ -- In a rapidly evolving housing economy, non-bank mortgage lenders are facing a wake-up call. A new joint study by HFS Research and Cognizant, "Reinventing the Non-Bank Mortgage Lending Journey in the Age of AI," reveals an industry grappling with operational fatigue, regulatory pressure, and fast-moving tech disruptions—while a small but bold segment rewrites the mortgage playbook. Drawing insights from 257 non-bank lenders and ecosystem partners, the report delivers a sobering yet hopeful look at the next chapter for mortgage lending. From the emergence of Agentic AI to the reconfiguration of outsourcing strategies, lenders are being challenged to trade reactive cost-cutting for purposeful innovation. "The fundamentals of lending haven't changed—the loan is still a loan. What's changed is the speed, intelligence, and precision with which it's delivered. This is no longer just about access to capital—it's about how seamlessly, securely, and smartly capital flows through digital channels," says Saurabh Gupta, President, Research and Advisory Services, HFS Research. "The ones who go all-in—building digital-first, modular, and intelligent operations—will define the next era of mortgage lending. The rest? They risk being left behind." Powerful Data-Driven Insights: The research reveals that although 2025 is being eyed as a rebuild year, many lenders are stuck playing defense. As lending platforms modernize, access to mortgage capital is becoming faster, smarter, and more modular. Yet, only 21% of lenders consider themselves true innovators. The rest? They're either chasing parity or struggling to catch up. Compliance is also hitting a breaking point. One executive shared they received over 1,700 regulatory alerts last year—nearly one in four with direct business consequences. The result: compliance is now a 24/7 operation, and tech investment is the only scalable solution. Divya Iyer, Practice Leader, BFSI, HFS Research, adds, "We're seeing real momentum around Agentic AI—where GenAI meets the execution muscle of automation. But it's not the only force driving change. Technologies like IDP are bridging the gap in paper-heavy workflows, proving that meaningful transformation doesn't have to wait for full digital maturity." What Lenders Need to Do Next: Move beyond legacy constraints. 58% of lenders still can't support real-time integration—limiting data agility and delaying decision-making. Prioritize technology with measurable outcomes. Tools like IDP, AI underwriting, and cybersecurity are driving rapid ROI, while GenAI is expanding into core operations. Redefine outsourcing partnerships. Lenders must move beyond tactical cost-cutting to leverage partners for platform modernization, AI deployment, and full-service scalability. Focus on value creation—not just efficiency. The winners will blend automation, data platforms, and talent into a cohesive tech-to-ops cycle. "In the rapidly evolving landscape of non-bank mortgage lending, there is a critical need for innovation and agility," said Ajay Pandita, Senior Vice President and Financial Services, Fintech and Insurance Business Unit Leader, of Cognizant. "As we navigate through operational fatigue, regulatory pressures, and technological disruptions, it is imperative that we embrace purposeful innovation and redefine our strategies. The emergence of Agentic AI and IDP are just the beginning. By prioritizing technology with measurable outcomes and leveraging full-service partnerships, we can transform the mortgage lending journey and lead the industry into a new era of efficiency and value creation." Download the full report: Reinventing the Non-Bank Mortgage Lending Journey in the Age of AIReinventing non-bank mortgage lending journey in the age of AI - HFS Research About HFS ResearchHFS Research is a leading global research and advisory firm that helps Fortune 500 companies navigate IT and business transformation with fearless insights and actionable strategies. With unrivaled access to Global 2000 executives, HFS empowers organizations to make confident technology and service decisions that drive competitive advantage. For more information, visit About CognizantCognizant (Nasdaq: CTSH) engineers modern businesses. We help our clients modernize technology, reimagine processes and transform experiences so they can stay ahead in our fast-changing world. Together, we're improving everyday life. See how at or @cognizant. Forward-Looking Statements This press release includes statements that may constitute forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, the accuracy of which are necessarily subject to risks, uncertainties and assumptions as to future events that may not prove to be accurate. These statements include, but are not limited to, express or implied forward-looking statements relating to the adoption of generative and/or agentic artificial intelligence, the effects of such artificial intelligence on the mortgage lending industry and the competitive opportunities in the marketplace. These statements are neither promises nor guarantees but are the findings of the study discussed above and remain subject to a variety of risks and uncertainties, many of which are beyond Cognizant's control, which could cause actual results to differ materially from those contemplated in these forward-looking statements. Existing and prospective investors are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. Factors that could cause outcomes to differ materially from those expressed or implied include general economic conditions, the impact of technological development and competition, the competitive and rapidly changing nature of the markets Cognizant and its clients compete in, and the other factors discussed in Cognizant's most recent Annual Report on Form 10-K and other filings with the Securities and Exchange Commission. Cognizant undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as may be required under applicable securities law. View original content to download multimedia: SOURCE HFS Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
