Everest Group Intelligent Document Processing (IDP) Products PEAK Matrix® Assessment 2023

UiPath Named a Leader and a Star Performer

See How

Each year, Everest Group conducts an in-depth study to assess the Intelligent Document Processing (IDP) product offerings of technology providers and position them accurately in the marketplace.

For the first time, Everest Group recognized UiPath as a Leader and a Star Performer in their IDP Products PEAK Matrix® Assessment. We are the only Leader to also be named a Star Performer for biggest year-over-year advances in market impact, vision, and capabilities.

Everest Group Intelligent Document Processing Products PEAK Matrix® Assessment 2023

UiPath offers Specialized AI models for Document Understanding and Communications Mining to enable fast and accurate document processing. These models are trained to classify and extract relevant data from invoices, receipts, contracts, emails, customer communications, and other document formats. Using Specialized AI, UiPath streamlines the automation of document-intensive processes, reducing manual effort and increasing accuracy.

UiPath has continued to grow quite rapidly and has made significant investments in its AI-powered document processing solution, Document Understanding,” said Vaibhav Bansal, Vice President, Everest Group. “The platform’s AI Center component for pre-built ML models, its marketplace for reusable assets, verticalized packaged solutions, and focus on custom success and support are considered as the key differentiators. In addition, UiPath’s acquisition of Re-infer has helped it improve its NLP capabilities for context understanding and communications mining, further contributing to its success. This has helped UiPath emerge as a Star Performer and a Leader on Everest Group’s Intelligent Document Processing (IDP) PEAK Matrix® Assessment 2023.

Find out why UiPath was named a Leader and a Star Performer by Everest Group, and what that means for businesses turning to IDP to increase process efficiency, accuracy, and cost savings.

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