Laiye recognized as a Major Contender for four consecutive years in the Everest Group Intelligent Document Processing (IDP) products PEAK Matrix® assessment 2025
Laiye has been recognized as a Major Contender for the fourth consecutive year in Everest Group Intelligent Document Processing (IDP) Products PEAK Matrix® Assessment 2025.
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 provides authoritative industry assessments. The 2025 Everest PEAK Matrix® for IDP report evaluates vendors based on the two key dimensions of Vision & Capability and Market Impact, offering critical insights into the IDP market landscape and product competitiveness.
Laiye IDP demonstrates exceptional advantages, processing hundreds of millions of pages annually with high accuracy, low risk, and robust controllability—all at minimal cost. Its out-of-the-box AI, custom AI, and human-machine collaboration capabilities are not only used in handling standardized industry tasks like international document identification, multi-bill recognition, card and certificate recognition, stamp recognition, but also in processing enterprise-specific documents such as contracts, orders, and statements. Additionally, Laiye IDP ensures security and ease of use, supporting data validation rules configuration, cross-departmental workflows, manual verification, and continuous AI model training.
Streamlined Document Extraction and Annotation
- Enhanced Annotation Experience
- Customizable interface layouts with expanded annotation areas; re-annotation after deletion reduces operational steps by 30%.
- The new annotation system supports drag-and-drop adjustments and auto-navigation, boosting annotation efficiency by over 40%.
- Added composite fields: Supporting table views and batch annotation operations. One-click duplication synchronizes data extraction and labeling, significantly enhancing annotation efficiency.
- Lower Tranining Threshold
- Trains unstructured documents (e.g., contracts) with just 10 samples.
Human-AI Collaboration for Greater Efficiency
- LLM-Powered Smart Riew Assistant
- Define validation rules via natural language (e.g., "contract amount format validation") and receive AI-suggested corrections.
- LLM-Powered Smart Field Optimization
- Highlighted extracted results with quick navigation boost proofreading efficiency by 50%.
- Upgraded Task management
- Automated/manual task allocation, revamped user interface for smoother operations.
- Added task reassignment function for flexible workload adjustments.
- Added task status previews and file thumbnails for rapid filtering.
Broader Coverage in Document Recognition
- Expanded Coverage
- Added support for fully electronic air tickets (e-itineraries) and train tickets.
- Optimized recognition for 8+ document types, including Shanghai's new version of standardized machine-printed invoices and special customs duty payment documents.
- Precision Field Extraction
- Added critical fields like "rebooking fee indicator" and "fully digital invoice number", refined amount extraction rules (e.g., Hunan highway toll invoices).
- Supports multi-format inputs (Images/PDF/OFD) with a 0.03% boost in classification accuracy.
Enterprise-Grade Stability
- New high-avaliability deployment modes for disaster recovery.
- Flexible solutions (single/dual/multi-server) to fit diverse budgets and IT environments.
In specific application scenarios, Laiye IDP has established a cross-industry solution matrix:
Financial Shared Service Center: By automating dual-validation of "invoice authenticity + expense compliance" through AI, Laiye IDP increases document audit efficiency by 80% and reduces financial rejection rates by 45%.
Cross-Border Business: Combining intelligent multilingual contract parsing with compliance clause risk early warnings, Laiye IDP shortens multinational contract approval cycles by 70%.
Supply Chain Management: Through automated extraction of combined fields (e.g., bill-of-lading/packing list data), Laiye IDP improves maritime document processing efficiency by 90%.
Retail Operations: Leveraging sales slip OCR with real-time inventory data verification, Laiye IDP achieves 98% accuracy in missed order risk detection.
Domestic Contract Management: Enabled by AI-powered audit and risk pre-alert mechanisms, Laiye IDP ensures contract compliance reviews for critical clauses such as penalty ratios and dispute jurisdiction clauses.
Addressing challenges like heavy document workloads, multilingual processing, and high maintenance costs in corporate payment scenarios, Laiye IDP has unlocked significant efficiencies by replacing manual dual-line workflows with human-AI collaboration. For example, one client achieved a 40% reduction in manual work and extended global payment processing from 5×8 hours to 24/7 operations, enabling unified compliance management and bolstering resilience in dynamic markets.
Laiye’s consistent recognition in the Everest Group Intelligent Document Processing (IDP) products PEAK Matrix® assessment underscores its leadership in IDP innovation. Moving forward, Laiye will continue advancing IDP to empower more enterprises in their digital and intelligent transformation journeys.
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