Meaning ● Intelligent Document Processing (IDP), within the SMB realm, is a suite of technologies automating the extraction and processing of data from various document formats. ● By automating processes, this offers SMBs enhanced operational efficiency and accuracy in business operations, streamlining data capture from invoices, contracts, and other business-critical documents. ● Implementation of IDP solutions directly contributes to SMB growth by minimizing manual data entry errors and freeing up valuable employee time for strategic business initiatives. ● Successful automation of document-centric processes enables SMBs to improve compliance, reduce costs, and accelerate decision-making, leading to significant competitive advantages. ● Ultimately, the goal is to transition from reactive to proactive document workflow, reducing overhead and allowing resources to focus on business expansion, thereby boosting scalability for sustainable SMB growth and increased ROI.
