DM May-Jun 2023

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Dm ANALYSIS: INTELLIGENT DOCUMENT PROCESSING Finding new spaces to explore Alan Pelz-Sharpe, founder of Deep Analysis, argues that there is a world of untapped opportunities for Intelligent Document Processing outside of the Accounts Payable sphere In our briefings with IDP vendors, it often seems that every single one of the 300 plus in the market focuses on accounts payable (AP), aka invoice processing. Indeed, there are a lot of invoices out there to be processed, but they are not the only documents that could do with some digital love. Countless other document-centric processes require help, but it also requires some imagination and effort to identify and address them. Thousands of manual paper-based processes that get little if any attention would benefit hugely from the advances we have seen in recent years in document processing and enterprise automation. We have worked with clients to identify untapped opportunities in diverse industries, from logistics, to construction to pharmaceuticals and beyond. And we advise all the vendors we speak to that they should look beyond the obvious and explore carving solid business in relative greenfield and new market opportunities. We are on the lookout for these opportunities all the time. FROM OLIVE OIL TO BLOCKCHAIN For example, I am picky about the honey and olive oil I buy. Not because I am a food snob, I enjoy my eggs and home fries at Vincenzo's luncheonette at the weekend, just as much as an occasional blow-out at nearby Irwin's. Rather it's because I was exposed to the inner workings of the international honey and olive oil supply chain a few years back. I discovered that much of the olive oil and honey sold in stores is not what it claims to be. The honey you buy may not be honey at all; there is a fair chance it is sugar syrup with some colourings and additives. The same applies to olive oil, such as cheap vegetable oil with colouring and additives. Nor is there any guarantee that the olive oil or honey, assuming it is the real deal, came from where it claims to come from. For example, extra virgin Italian olive oil may be produced in North Africa. It's a fraud, and it's fraud on a massive and global scale, generating billions in profit. A large part of stopping this from happening, or at least reducing the scale and better 20 @DMMagAndAwards May/June 2023 www.document-manager.com
ANALYSIS: INTELLIGENT DOCUMENT PROCESSING Dm www.document-manager.com May/June 2023 @DMMagAndAwards 21
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Page 5 and 6: RICOH Scanning Solutions S1100i iX1
Page 7 and 8: STRATEGY: DIGITISATION Dm "BY DEFIN
Page 9 and 10: INTERVIEW: IBML Dm "UNTIL VERY RECE
Page 11 and 12: CASE STUDY: DWP Dm inventory consis
Page 13 and 14: COMPANY UPDATE: DOCUWARE Dm "THE MO
Page 15 and 16: FULLY INTEGRATED DIGITAL DOCUMENT M
Page 17 and 18: APPLICATION FOCUS: CUSTOMER RELATIO
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Page 28 and 29: Dm STRATEGY: INFORMATION LIFECYCLE
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DM May-Jun 2023

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