Eigen Technologies and NetDocuments Announce Strategic Partnership and Technology Integration

Global News

16
Nov
2021

Editor

Eigen Technologies, the global intelligent document processing (IDP) provider, and NetDocuments, the leading cloud content management platform where legal professionals do work, have forged a new strategic partnership, and developed a technology integration connecting both platforms.

Shared and new customers have already taken advantage of the new offering. 

NetDocuments customers have huge amounts of business data trapped inside documents. Eigen’s market leading IDP technology allows NetDocuments customers to unlock and use that data, making it available as powerful metadata to drive analytics, manage obligations and ensure policy compliance. In turn, clients can now easily integrate Eigen’s no-code IDP application into NetDocuments’ modern, secure content management platform automating new document intake workflows. 

Eigen’s and NetDocuments’ integration is applicable in multiple use cases across many industries, including: 

• Regulatory Reporting & Compliance – automate extraction of pertinent information for compliance exercises.
• Underwriting & Insurance Policy Management – enhance risk management and improve decision making.
• Classify Documents – create models for discovering PII or for contract obligations management.
• Create and Deliver Custom AI Solutions – training models on low volumes of example documents improves speed to production and reduces cost compared to building from scratch.

John Krog, VP of Partnerships at Eigen Technologies said: “Eigen and NetDocuments are the perfect combination, each providing a complementary technology. The combination of Eigen’s best-in-class IDP technology and NetDocuments highly trusted content services gives the market exactly what it needs. As we both know from market experience, there is billions of dollars of data that is currently trapped and unusable. The ability to extract that data with Eigen and manage it with NetDocuments solves this problem. It has been great to collaborate to get this far and I am looking forward to taking this forward together.”

Reza Parsia, VP, Strategic Partner Management at NetDocuments said: “Eigen Technologies has done some phenomenal work in the IDP space, and we are delighted to have them join the NetDocuments ISV Partner network. Our mission is united, to deliver more value to mutual customers by enhancing their NetDocuments platform experience.”