Laiye recognized as a Major Contender for three consecutive years in the Everest Group Intelligent Document Processing (IDP) products PEAK Matrix® assessment 2024
Laiye has been recognized as a Major Contender for the third consecutive year in Everest Group Intelligent Document Processing (IDP) Products PEAK Matrix® Assessment 2024 with a strong improvement in the "Market Impact" dimension compared with last year.
Currently, Laiye is the only global technology vendor recognized in three Intelligent Automation categories by Everest Group's Peak Matrix® Reports, including Robotic Process Automation (RPA), Conversational AI and Intelligent Document Processing (IDP).
Everest Group is a research firm that applies research to people’s day-to-day business problems. It helps business leaders confidently navigate market challenges, driving maximized operational and financial performance and transformative experiences.
Everest has focused on IDP products for six consecutive years since 2019. This year it evaluated 26 IDP vendors worldwide based on the two dimensions of Vision & Capability and Market impact, the number of which on the list has decreased by about 30% compared to last year, fully demonstrating the fierce competition and the changing evoluiton in the IDP market.
Since its first recognition in the Everest report, Laiye IDP has steadily improved in terms of “Market impact." Relying on a strong "twin ecosystem" (developer + partner ecosystem) layout, Laiye IDP serves users across Mainland China, Hong Kong, Macau, and the Southeast Asia region. At present, it has helped hundreds of enterprise users build intelligent automation solutions and business processes based on documents within their enterprises, providing stable and reliable online services. Public cloud services are called upon hundreds of millions of times each year, and the software contract amount has also grown strongly year by year, gaining more and more user recognition and recommendations.
With integration of advanced LLMs, Laiye IDP can provide end-to-end functions for document recognition, extraction, understanding and analysis, achieving digitization of documents in a fast, accurate, and comprehensive way. Its out-of-the-box AI, custom AI, and human-machine collaboration capabilities are widely used in financial trade document identification, multi-bill recognition, text recognition, table recognition, general card and certificate recognition, stamp recognition, invoice verification, self-training extraction, document categorization, and human-machine collaboration centers, among other functions, with diverse application scenarios and a broad application market.
Laiye continues to upgrade its IDP products, focusing on document understanding and processing automation, to provide a trustworthy automated business tool to global business operation teams, and to create a enterprise-vision-aligned, user-friendly, and secure platform. As one of the core capabilities of the digital workforce platform, Laiye IDP integrates LLMs and is applied in multiple scenarios, enhancing the quality and efficiency of thousands of industries.
