{"id":7362,"date":"2021-06-29T05:00:00","date_gmt":"2021-06-29T05:00:00","guid":{"rendered":"https:\/\/parashift.io\/?p=7362"},"modified":"2025-11-30T22:42:22","modified_gmt":"2025-11-30T22:42:22","slug":"what-is-intelligent-document-processing-idp-and-why-use-it","status":"publish","type":"post","link":"https:\/\/parashift.ai\/en\/what-is-intelligent-document-processing-idp-and-why-use-it\/","title":{"rendered":"What is Intelligent Document Processing (IDP)?"},"content":{"rendered":"\n<h2 class=\"wp-block-heading\">Contents<\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>5 quick facts about IDP<\/li>\n\n\n\n<li>4 good reasons why you want IDP in your company<\/li>\n\n\n\n<li>3 key differences between IDP and OCR<\/li>\n\n\n\n<li>2 common questions about IDP<\/li>\n\n\n\n<li>1 concluding benefit of IDP<\/li>\n<\/ul>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>&nbsp;Every company relies on relevant data from a variation of documents for virtually all of their processes. IDP automates the data extraction from all documents<\/p>\n<\/blockquote>\n\n\n\n<!--HubSpot Call-to-Action Code --><span class=\"hs-cta-wrapper\" id=\"hs-cta-wrapper-5f260b32-c5b0-4cbd-9a4c-0cc15b0d5980\"><span class=\"hs-cta-node hs-cta-5f260b32-c5b0-4cbd-9a4c-0cc15b0d5980\" id=\"hs-cta-5f260b32-c5b0-4cbd-9a4c-0cc15b0d5980\"><!--[if lte IE 8]><div id=\"hs-cta-ie-element\"><\/div><![endif]--><a href=\"https:\/\/cta-redirect.hubspot.com\/cta\/redirect\/5804034\/5f260b32-c5b0-4cbd-9a4c-0cc15b0d5980\" target=\"_blank\" rel=\"noopener\"><img fetchpriority=\"high\" decoding=\"async\" class=\"hs-cta-img\" id=\"hs-cta-img-5f260b32-c5b0-4cbd-9a4c-0cc15b0d5980\" style=\"border-width:0px;\" height=\"418\" width=\"800\" src=\"https:\/\/no-cache.hubspot.com\/cta\/default\/5804034\/5f260b32-c5b0-4cbd-9a4c-0cc15b0d5980.png\"  alt=\"Parashift On-demand webinars\"\/><\/a><\/span><script charset=\"utf-8\" src=\"https:\/\/js.hscta.net\/cta\/current.js\"><\/script><script type=\"text\/javascript\"> hbspt.cta.load(5804034, '5f260b32-c5b0-4cbd-9a4c-0cc15b0d5980', {\"region\":\"na1\"}); <\/script><\/span><!-- end HubSpot Call-to-Action Code -->\n\n\n\n<p><\/p>\n\n\n\n<h2 class=\"wp-block-heading\">5 quick facts about IDP<\/h2>\n\n\n\n<p>1. IDP stands for Intelligent Document Processing, and it does exactly that: IDP intelligently processes your documents, from simple to complex.<\/p>\n\n\n\n<p>2. IDP builds on various advanced technologies and understands the context of the data from the documents.<\/p>\n\n\n\n<p>3. IDP&#8217;s advanced technologies are based on artificial intelligence (AI) and combine machine learning, deep learning, optical character recognition (OCR) and natural language processing (NLP).<\/p>\n\n\n\n<p>4. IDP has the power to automatically capture, classify, and extract relevant data in a structured manner from complex and unstructured documents.<\/p>\n\n\n\n<p>5. IDP not only eliminates manual and tedious work, but also opens up new data sources and enables end-to-end automation in an enterprise.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">4 good reasons why you want IDP in your company<\/h2>\n\n\n\n<p>1. IDP frees your employees from tedious data typing, reduces errors and frees up new time resources.<\/p>\n\n\n\n<p>2. IDP creates structure and order with accurate data and enables automated workflows.<\/p>\n\n\n\n<p>3. IDP brings high flexibility to your business, with the ability to scale quickly and easily.<\/p>\n\n\n\n<p>4. IDP optimizes process cycle times while reducing costs.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">3 key differences between IDP and OCR<\/h2>\n\n\n\n<p>1. IDP effortlessly processes complex, unstructured and also <a href=\"https:\/\/parashift.ai\/en\/automated-data-extraction-from-handwritten-text-htr-for-more-straight-through-processes\/\" target=\"_blank\" rel=\"noreferrer noopener\">handwritten documents<\/a>. IDP is the key to variation in documents. Traditional OCR fails miserably at the smallest variation.<\/p>\n\n\n\n<p>2. IDP does not need templates, learns with more data and improves continuously. Traditional OCR depends on templates and is unable to learn on its own.<\/p>\n\n\n\n<p>3. IDP relies on humans for verification only very specifically and below defined confidence thresholds. With traditional OCR, there is a constant need for improvement.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">2 common questions about IDP<\/h2>\n\n\n\n<p><strong>1. Why is IDP intelligent?<\/strong><\/p>\n\n\n\n<p>Thanks to advanced AI technologies, IDP understands the context from the data in the documents, similar to what our human brain does.<\/p>\n\n\n\n<p><strong>2. Do we need specialists, e.g. Data Scientists, for IDP in our company?<\/strong><\/p>\n\n\n\n<p>No, you focus on your business, Parashift takes care of the Data Science and everything else behind it.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">1 concluding benefit of IDP<\/h2>\n\n\n\n<p>With Parashift&#8217;s powerful IDP and zero post-processing option, you&#8217;ll save yourself any future contact with all documents and data &#8211; let Parashift handle document processing from A to Z.<\/p>\n\n\n\n<div class=\"wp-block-columns is-layout-flex wp-container-core-columns-is-layout-9d6595d7 wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\">\n<div class=\"wp-block-buttons is-horizontal is-content-justification-center is-layout-flex wp-container-core-buttons-is-layout-499968f5 wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button is-style-outline is-style-outline--1\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/parashift.ai\/en\/en\/webinars\/\" target=\"_blank\" rel=\"noreferrer noopener\">On-Demand Webinar<\/a><\/div>\n<\/div>\n<\/div>\n\n\n\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\">\n<div class=\"wp-block-buttons is-horizontal is-content-justification-center is-layout-flex wp-container-core-buttons-is-layout-499968f5 wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button is-style-outline is-style-outline--2\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/parashift.ai\/en\/contact\/\" target=\"_blank\" rel=\"noreferrer noopener\">Talk to us<\/a><\/div>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Contents &nbsp;Every company relies on relevant data from a variation of documents for virtually all of their processes. IDP automates the data extraction from all documents 5 quick facts about IDP 1. IDP stands for Intelligent Document Processing, and it&#8230;<\/p>\n","protected":false},"author":5,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"content-type":"","footnotes":""},"categories":[1],"tags":[36,37,14],"class_list":["post-7362","post","type-post","status-publish","format-standard","hentry","category-news","tag-document-capture","tag-document-extraction","tag-document-management"],"_links":{"self":[{"href":"https:\/\/parashift.ai\/en\/wp-json\/wp\/v2\/posts\/7362","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/parashift.ai\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/parashift.ai\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/parashift.ai\/en\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/parashift.ai\/en\/wp-json\/wp\/v2\/comments?post=7362"}],"version-history":[{"count":2,"href":"https:\/\/parashift.ai\/en\/wp-json\/wp\/v2\/posts\/7362\/revisions"}],"predecessor-version":[{"id":31072,"href":"https:\/\/parashift.ai\/en\/wp-json\/wp\/v2\/posts\/7362\/revisions\/31072"}],"wp:attachment":[{"href":"https:\/\/parashift.ai\/en\/wp-json\/wp\/v2\/media?parent=7362"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/parashift.ai\/en\/wp-json\/wp\/v2\/categories?post=7362"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/parashift.ai\/en\/wp-json\/wp\/v2\/tags?post=7362"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}