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UiPath named a Leader in Everest Group IDP Products PEAK Matrix® Assessment 2023

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In today's digital age, businesses are inundated with vast amounts of data, much of which is trapped within documents. From contracts and invoices to purchase orders and customer correspondence, document-heavy processes have traditionally been a bottleneck for many organizations. These processes often required manual intervention, leading to inefficiencies, errors, and delays. However, the landscape of business automation has undergone a transformative shift thanks to UiPath.

UiPath's Document Understanding has emerged as an invaluable addition to the UiPath Business Automation Platform. Its recognition as a leader in this domain is well-deserved and resonates with our experience. We've successfully integrated Document Understanding across a multitude of clients in the banking and financial sector, witnessing remarkable outcomes. From streamlining car loan processing from 14 days down to a single day, to efficiently handling over 50,000 invoices annually with UiPath, the platform's versatility and feature-rich capabilities have consistently enhanced document-intensive business processes.

With advancements in Intelligent Document Processing (IDP) and technologies like UiPath's Document Understanding, automating document-centric processes is no longer a daunting task. These tools harness the power of artificial intelligence, machine learning, and optical character recognition to efficiently process, classify, and extract relevant data from a myriad of document types. This means that tasks which once took days or even weeks, involving manual data entry and verification, can now be executed in mere hours or minutes. Businesses regardless of their size or industry, can now tap into the potential of automating document-heavy processes. It's no longer an exclusive domain for large corporations with deep pockets. Start-ups and mid-sized enterprises can equally benefit, leveling the playing field and allowing for more competitive operations.


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