This RadarView addresses the need for enterprises to adopt intelligent document processing (IDP) platforms to enable data-driven digital transformation in business operations. It begins with a summary of key trends shaping the supply side of the market. It continues with a detailed assessment of 17 vendors delivering intelligent document processing platforms. Each profile gives an overview of the platform provider, its key IPs and assets, and a list of major clients and partnerships, along with brief client case studies. Each profile concludes with analyst insights on the provider’s product maturity, enterprise adaptability, and future readiness.
Why read this RadarView?
Government e-invoicing mandates, integration with enterprise systems, and evolving Gen AI use cases have fueled a surge in intelligent document processing (IDP) adoption. To meet growing demand, vendors are investing in R&D, patented applications, and the development of industry- and domain-specific IDP solutions to accelerate time to market. Larger enterprise application providers are also acquiring IDP vendors to strengthen their product portfolios, driving industry consolidation and workflow optimization. These developments have transformed IDP from a “good-to-have” to an essential operational tool, enabling faster deployments, deeper insights, and improved business efficiency.
The Intelligent Document Processing Platforms 2024–2025 RadarView™ highlights key supply-side trends in this space and Avasant’s viewpoint on them. It aids companies in identifying top platform vendors who can assist them in implementing document processing capabilities. Additionally, it provides an evaluation of each platform provider’s technology and support services, helping organizations select the appropriate strategic partners for document processing.
Featured vendors
This RadarView includes a detailed analysis of the following applied document processing platform vendors: ABBYY, AntWorks, BIS, Datamatics, EdgeVerve, EXL, HCLTech, Hyperscience, Indico Data, Infrrd, OpenText, Parascript, Parashift, Rossum, Sutherland, Tungsten Automation, and UiPath.
Methodology
Our evaluation of platform vendors is based on primary input from the vendors, focused briefings, public disclosures, validation from their clients, and Avasant’s ongoing market interactions. The assessment is across the three dimensions of product maturity, enterprise adaptability, and future readiness, leading to our recognition of those platform vendors that have brought the most value to the market over the past 18 months.
Table of contents
About the report (Page 3)
Executive summary ( Pages 4-9)
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- Definition and scope of intelligent document processing platforms
- Avasant recognizes 17 top-tier vendors supporting the enterprise adoption of document processing solutions
- Provider comparison
Supply-side trends (Pages 10–12)
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- Vendors are investing in IP and patent R&D to drive product innovation and expand their global reach through the establishment of new delivery centers
- Amid growing demand for e-invoicing compliance, vendors are prioritizing product innovation and adherence to federal regulations
Platform provider profiles (Pages 13–47)
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- Detailed profiles for ABBYY, AntWorks, BIS, Datamatics, EdgeVerve, EXL, HCLTech, Hyperscience, Indico Data, Infrrd, OpenText, Parascript, Parashift, Rossum, Sutherland, Tungsten Automation, and UiPath
Appendix (Pages 48–51)
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- RadarView assessment
- Research methodology and coverage
- Interpretation of classification
Key contacts (Page 52)
Read the Research Byte based on this report. Please refer to Avasant’s Intelligent Document Processing Platforms 2024 Market Insights™ for demand-side trends.