AI-driven OCR vendor Sypht joins enChoice

February 22 2022

Enterprise content management and digital transformation solutions firm enChoice has acquired AI-driven OCR platform provider Sypht. Sypht is joining the KwikTag software division of enChoice, which specializes in AP automation and invoice management in the Microsoft Dynamics ecosystem.

enChoice plans to add more dedicated resources and investments to Sypht to deliver new products and features to the market faster, they explained in their announcement. Specifically, they noted that it will lead to enhanced intelligent OCR, improved data extraction accuracy on invoices and other financial documents, and better AP process visibility.

The company wrote:

The inclusion of Sypht technology instantly increases their AI and machine-learning data extraction capabilities. Both companies’ solutions are SaaS-based, which will advance their integration to strengthen current products. The AI-based technology will become the foundation of document intelligence solutions across the software portfolio going forward.

“We are absolutely committed to the Sypht customer base and the ongoing enhancement of the product set,” says Mike Fernandes, VP of Products for enChoice. “At the same time, the addition of Sypht technology to the KwikTag product line will also quickly and significantly expand the feature set of the intelligent invoice processing that is part of the AP automation solutions which are widely adopted in the growing Microsoft Dynamics cloud ERP market. Our goal is to continue to improve and modernize the way all of our customers do business.”

“With more than 1,000 customers and a team of more than 100 employees, enChoice is committed to helping organizations on their digital transformation journey,” concludes Tony White, enChoice Chairman. “We welcome the Sypht team and customers to the enChoice family, and we will work diligently throughout the transition and beyond to ensure the excellent product performance and support that all of our customers trust.”

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