As organizations evaluate their options, selecting the right IDP vendor can be overwhelming. With so many solutions available, enterprises and partners often ask us about key differentiators—what sets one IDP model apart from another? Which vendors deliver the highest accuracy? How do you ensure a seamless integration of IDP solutions into your existing workflows?
That’s where this IDP Vendor Guide comes in. This guide serves as a comprehensive portal for enterprises looking for an in-depth overview of the IDP landscape. We break down the features, strengths, and considerations for each vendor, helping you navigate the market with clarity. Whether you’re focused on data accuracy, ease of implementation, or scalability, this guide provides the IDP checklist you need to make informed decisions.
Remember, if you need help navigating this complex landscape, we’re here to be your guide. Let’s explore the evolving world of intelligent document processing vendors together!
Chat with an Expert
We welcome the newest IDP vendors to the landscape:
- Ademero
- Docparser
- Google DocAI
- Google Lending DocAI
- Google Procurement DocAI
- Groundspeed
- Handl
- IBM Datacap
- Indico
- Nanonets
- Ocrolus
- Vidado
- Xtracta
The Intelligent Document Processing Landscape
Intelligent Document Processing (IDP) is rapidly emerging as a category of solutions that help you extract data from the documents that drive your business- like insurance claims, mortgage applications, contracts, purchase orders, invoices, engineering drawings, and so on.
Many vendors offer IDP products, but they’re all quite different so the landscape isn’t easy to navigate. The category itself can go by different names. Some call it Cognitive Document Processing. Others call it Intelligent Document Capture (IDC). Some even refer to Intelligent Document Processing (IDP) solutions as OCR or Machine Learning OCR … which is very misleading. To keep it simple, we’ll stick with IDP in this post so we can help you make sense of it all.
Making Sense of the IDP Market
IDP solutions automatically extract data from unstructured complex documents, then feed that data into business systems so a whole process can be automated. If you don’t have IDP, you’re extracting this data manually because it’s too difficult for older technologies like OCR to handle accurately.
True IDP is very difficult, and few vendors actually do it well. Many vendors claim to have IDP solutions, but the scope of what their IDP can do varies A LOT. Choosing the right vendors for your shortlist depends on how the problem you need to solve aligns with the scope of each vendor’s IDP capability.
Five Categories of Top IDP Vendors
To help you navigate the landscape we group the vendors into five categories:
- Innovative IDP vendors
- Legacy IDP vendors
- Niche IDP vendors
- Systems Integrators with IDP offerings
- Technology providers with IDP components
Each of these categories represents a unique approach to Intelligent Document Processing (IDP). Vendors in these groups tend to view the IDP challenge through a different lens, which influences how they develop their solutions. Some prioritize accuracy and advanced intelligent automation, while others focus on scalability, ease of integration, or industry-specific applications.
Innovative IDP vendors are at the forefront of the industry, pushing the boundaries of data extraction models, automation, and AI-driven IDP solutions. These vendors frequently update their platforms, ensuring they stay ahead with the latest advancements in intelligent automation and content processing.
Legacy IDP vendors have been in the industry for years and have built robust, well-established systems. Their solutions are often integrated into large enterprises, where reliability and stability are key. However, they may not be as agile or adaptable as some of the newer players in the IDP vendor guide.
Niche IDP vendors cater to specific industries or use cases, delivering highly specialized solutions. They prioritize domain expertise, tailoring their IDP models to meet the unique needs of financial services, healthcare, insurance, and other sectors. If your organization requires a focused approach, these vendors may be worth exploring.
Systems integrators with IDP offerings provide end-to-end solutions by combining IDP technology with broader enterprise automation strategies. They ensure seamless integration with existing platforms, making it easier to scale intelligent document processing across business processes.
Technology providers with IDP components focus on delivering core IDP services that other platforms or enterprises can integrate into their workflows. They offer flexible tools that organizations can customize based on their needs, ensuring greater control over data accuracy and automation.
Each of these categories plays a vital role in shaping the IDP vendor landscape. Understanding their strengths and limitations will help you choose the right solution for your business. If you’re unsure where to begin, our IDP checklist can serve as a guide to identify the key features and capabilities to look for in a vendor.
The Top Intelligent Document Processing (IDP) Vendors
Listed in alphabetical order by category.
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This list is based on vendors we often compete against, vendors we see in the market, and vendors covered by analysts. Our list includes only vendors that support enterprise-grade requirements and operations. If you want a solution for a small office or a single desktop, this list isn’t for you.
Innovative Intelligent Document Processing Solutions
This a younger group of up-and-coming vendors who have built solutions using AI-native platforms to tackle the most demanding automation challenges. Generally, Innovative vendors can handle documents that are more complex or have greater variation. As a result, they often can deliver a greater business impact than older technologies. Since these vendors are free from legacy technical debt, it’s easier for them to build next-gen, future-oriented solutions. Some vendors in this group have a more narrow focus than others, so be sure to make sure their expertise aligns with your use cases.
Tip: If your use case involves complex, unstructured, messy documents, then take a good look at these vendors. We at Infrrd believe we’re the leader among these innovators, but don’t take our word for it-- check out our IDP platform and decide for yourself.
Legacy (OCR or RPA) Vendors
Legacy vendors are typically building Intelligent Document Processing solutions on top of a legacy platform. To make this work, a vendor may bolt some AI or Machine Learning onto its legacy OCR or RPA products. Typically, these vendors have a broader portfolio of automation offerings and are not laser-focused on the IDP challenge. These Intelligent Document Processing (IDP) solutions may not be as agnostic to a multi-vendor environment as other segments, though many have established partnerships with vendors who offer complementary capabilities. Also, OCR-centric solutions tend to be good when you have large volumes of relatively simple documents that don’t have a lot of variation.
Tip: If you are using one of these vendors’ products already, it makes sense to put their IDP offerings on your shortlist. But the real challenge is to get a sense of whether your problem requires a better OCR solution or a true AI-native IDP solution.
Niche Intelligent Document Processing (IDP) vendors
This group includes vendors that are just getting started or those with a particular focus or disruptive solutions to narrow problems. As these vendors may be smaller, pay particular attention to their ability to deliver enterprise-grade performance that meets your requirements.
Tip: Consider these vendors if you have a niche use case that is a good application fit.
Intelligent Document Processing (IDP) System Integrators
System Integrators may offer intelligent document processing as part of their portfolio of solutions. Their IDP offering may be a solution from another IDP vendor or developed in-house. Some of these vendors use Infrrd’s Intelligent Document Processing (IDP) platform, for example.
Tip: SIs can help you develop and deploy business and system-level strategies that leverage the transformative power of IDP.
Intelligent Data Processing (IDP) Technology Suppliers
The major technology platforms offer general-purpose technology components such as OCR and computer vision. Since these components are not full Intelligent Document Processing (IDP) solutions we only mention them in this post because some enterprises prefer to develop capabilities internally based on available technology components.
Tip: You will need a strong IT group with a data science team to build out all the functionality needed for a production solution based on these components.
Sources: The IDP vendor list was developed with data from The Everest Group, NelsonHall, and Infrrd’s research. At the time of this post, neither Gartner nor Forrester had a research that covered the IDP market landscape.
Navigating The IDP Vendor Market?
Our experience is that most enterprises run this gauntlet more than once. You will likely define and redefine requirements as you better understand vendor capabilities, services, and the scope of your own business process challenges in your own industry. Choosing the right IDP vendor is not just about technology—it’s about finding a solution that aligns with your automation goals, data accuracy needs, and scalability requirements.
One thing we have learned from conversations and deployments with many enterprises is that IDP is clearly a disruptive innovation. Many of our enterprise customers had expectations anchored by years of experience with OCR. They were surprised to learn that a true Intelligent Document Processing (IDP) solution, and top IDP vendors, can deliver automation they once thought was impossible. IDP goes far beyond simple character recognition, enabling businesses to extract, classify, and validate data with greater accuracy and efficiency. The combination of AI, machine learning, and automation models allows for more advanced document understanding, reducing manual intervention and significantly improving processing times.
Enterprises exploring this technology often ask: How do I ensure the IDP solution meets my needs? What should I look for in an IDP vendor guide? The answer lies in understanding your business processes, defining key performance metrics, and evaluating vendors based on their ability to handle complex documents with precision. An effective IDP checklist should include criteria such as accuracy rates, ease of integration, support for structured and unstructured data, and the ability to scale across multiple departments or industries.
Another crucial aspect to consider is how the IDP model adapts to evolving business requirements. The best vendors offer ongoing improvements, ensuring the system learns and refines its performance over time. This is particularly valuable for industries dealing with high volumes of content, such as banking, insurance, healthcare, and finance. Having a reliable portal to manage, track, and optimize your document processing workflows can further enhance efficiency.
If you haven’t explored this exciting new vendor landscape, you might be surprised at the level of automation and service quality now available. The right can deliver automation they once thought was impossible. So if you haven’t explored this exciting new vendor landscape, you might be surprised too.vendor can help you reduce costs, improve compliance, and eliminate inefficiencies tied to manual document handling.
Tip: Define your requirements using your most complex use case. If IDP can solve the most complex challenge, then the rest of your use cases become easier to manage. This approach ensures that you invest in a single, comprehensive platform instead of juggling multiple OCR or specialized solutions, which can be costly and difficult to maintain. With the right IDP solution, intelligent automation becomes a game-changer, transforming how businesses handle document-driven workflows.
FAQs
A pre-fund QC checklist is helpful because it ensures that a mortgage loan meets all regulatory and internal requirements before funding. Catching errors, inconsistencies, or compliance issues early reduces the risk of loan defects, fraud, and potential legal problems. This proactive approach enhances loan quality, minimizes costly delays, and improves investor confidence.
A pre-fund QC checklist is a set of guidelines and criteria used to review and verify the accuracy, compliance, and completeness of a mortgage loan before funds are disbursed. It ensures that the loan meets regulatory requirements and internal standards, reducing the risk of errors and fraud.
IDP (Intelligent Document Processing) enhances audit QC by automatically extracting and analyzing data from loan files and documents, ensuring accuracy, compliance, and quality. It streamlines the review process, reduces errors, and ensures that all documentation meets regulatory standards and company policies, making audits more efficient and reliable.
Yes, IDP uses advanced image processing techniques to enhance low-quality documents, improving data extraction accuracy even in challenging conditions.
IDP efficiently processes both structured and unstructured data, enabling businesses to extract relevant information from various document types seamlessly.
IDP combines advanced AI algorithms with OCR to enhance accuracy, allowing for better understanding of document context and complex layouts.
