The rapid rise of Integration Platform as a Service (iPaaS) is reshaping business operations, particularly for those relying on multiple software applications. iPaaS enables seamless scaling, even without extensive tech skills. This growth is evident in the market projections, surging from $3.7 billion to $13.9 billion by 2026.
In this data-driven era, efficient app communication is vital. Whichever type of application or software you want to integrate, needs structured data to be able to work properly.
Business data, however, often hides in unstructured documents like PDFs, images, and emails. That’s why you need Intelligent Document Processing (IDP) to extract and convert unstructured data, making full use of the iPaaS platform’s potential.
In this blog, we’ll explain how IDP can optimize iPaaS workflows by converting any document into actionable data for seamless automation in your core systems.
What is iPaaS?
iPaaS is a cloud-based platform that simplifies and standardizes the process of connecting your business applications. Think of it as a digital bridge, making it easy for different systems to communicate and share information smoothly. Instead of managing each app’s connections separately, iPaaS centralizes all your APIs and connectors.
Integration platforms can be useful for any type of business, but they are particularly sought after by mid and large-sized businesses that have a more complex IT landscape. It’s great for automating complex business processes, and you don’t need to be a tech expert to use it.
iPaaS vs. Low-code
Although the terms iPaaS and low-code platforms are sometimes used interchangeably and both don’t require you to have extensive developer knowledge, you shouldn’t mix them up:
- iPaaS is like a translator for software and applications, making them talk to each other easily.
- Low-code platforms are more like toolkits that help people build new computer programs without needing to be expert programmers.
So, iPaaS connects existing applications, while low-code helps create new ones.
iPaaS does a perfect job at facilitating communication between applications, but one thing it doesn’t do well is handling unstructured documents – that’s where IDP comes in, making it a perfect partner for comprehensive data management.
Fuel Your Integration Flows with Actionable Data
IDP solutions are used by businesses to tackle a common issue we’ve all encountered: handling large volumes of unstructured data. All companies deal with loads of information, like documents and emails, but about 80% of this data is unstructured and unorganized, making it hard to use effectively.
IDP software plays the role of a data organizer and analyzer – you can say goodbye to manual data entry. It extracts and processes unstructured data, such as text from documents and images, and turns it into structured, organized information. It identifies important details like names, numbers, and dates within documents, making the data usable.
Now, here’s the real power: when you integrate IDP with your iPaaS provider, all your systems and applications can access and use this data easily. It’s as if you’re optimizing your business engine with high-quality fuel, enhancing the performance of your applications, and ultimately boosting the efficiency and effectiveness of your business processes.
In essence, IDP transforms data into valuable assets that propel your apps forward within the iPaaS ecosystem.
The Benefits of iPaaS and IDP
Besides turning all your data into business value, integrating IDP software with your iPaaS platform brings many unmissable benefits to your business:
- Effortless connectivity: with IDP integrated into your integration platform, you can seamlessly channel your data with all your applications and systems ensuring smooth data exchange and communication.
- Task automation: by automating repetitive and manual tasks, you reduce the workload of skilled labor, allowing your team to focus on more strategic activities. It also speeds up processes, enhancing business agility and productivity.
- Centralized API and data management: by centralizing and standardizing your IT landscape, you get all your data and processes in one place, simplifying management.
- Data accuracy: IDP enhances data accuracy as it automates data entry and verification, reducing the chance of human errors that may happen due to typos or distractions.
By incorporating IDP into your integration platform, you optimize operations, enhance data accuracy, and promote business agility. Accurate data from IDP is crucial, especially in industries with strict regulations. It helps you follow those regulatory requirements and stay compliant.
Due to its many benefits, integrating IDP with iPaaS can automate a wide range of processes. Now, let’s explore one of the most common use cases.
Invoice Management with iPaaS and IDP
Invoices often come in from various suppliers in different formats. This makes it difficult to process them efficiently. Luckily, with the combined power of iPaaS and IDP, this process becomes a breeze.
IDP software can easily recognize and extract essential details like invoice numbers, dates, and supplier names. When your iPaaS integrates it with your document storage system and accounting software, further processing is as easy as 1, 2, 3.
The recognized data, for example, can be used to automatically rename and categorize invoices within the document storage system. Then, your accounting software can be automatically populated with the relevant invoice information, minimizing manual data entry. It can also initiate approval workflows based on predefined rules.
This automation not only ensures consistent and organized storage but also accelerates invoice processing and improves overall efficiency in your accounting workflows, saving a lot of time for your financial operations.
Connect Your Data and Apps with Klippa’s IDP Solution
Now that you’re aware of the possibilities of combining IDP software with your integration platform, it’s time to choose the right provider for your organization. We’ve got the perfect solution for you.
Klippa DocHorizon seamlessly integrates with iPaaS, automating document processing. It effortlessly extracts, anonymizes, converts, classifies, and verifies data within your applications, regardless of its structure. It works with different document layouts and formats across industries, recognizing essential fields in many document types.
By integrating our solution into your iPaaS workflows, your business can enjoy benefits such as:
- 90% reduction in processing time.
- Up to 99% data extraction accuracy with Human-in-the-loop.
- Easy data access through digitization.
- Improved security and compliance.
- Scalability to support business growth.
- Over 80% cost reduction for a healthier bottom line.
- Enhanced data quality and usability.
Unlock the full potential of your automation workflows with our seamless integration – making complexity a thing of the past and efficiency your new standard.
How to Connect Klippa DocHorizon to Your Integration Platform?
Connecting Klippa DocHorizon to your applications is simple. You can easily integrate it with any iPaaS through our API.
We understand that integration is at the heart of your digital transformation journey. That’s why, in collaboration with leading iPaaS providers like Workato, Rutter, EdenAI, and Make, we’ve gone the extra mile to simplify the process.
With our ready-made connectors available on their platforms, you can seamlessly integrate your applications with our solution, automating document processing at the push of a button. These partnerships are not just about possibilities; they’re about practicality for your business.
Get in touch with one of our specialists below and find out how DocHorizon can solve all your data automation needs!