Understanding the RoI of Intelligent Document Processing

This technical report examines the return on investment (RoI) of Intelligent Document Processing (IDP) and its role in modern enterprises. It outlines the challenges faced by traditional document processing methods, including inefficiencies, high error rates, and compliance issues. The report presents IDP as a solution that automates document handling through AI technologies, enhancing accuracy and reducing processing times. It details the key actions performed by enterprise-grade IDP solutions, such as pre-processing, classification, extraction, and post-processing. The report also discusses the integration of generative AI in IDP, which improves functionalities like document summarization and analytics. Furthermore, it analyzes IDP adoption trends across various industries, highlighting its rapid growth in sectors such as Banking, Financial Services, and Insurance. The report identifies key use cases for IDP, including invoice processing and customer onboarding, demonstrating its potential to transform business processes and improve operational efficiency.