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Singularity Systems Designated as a Hot Vendor for Intelligent Document Processing (IDP) by Analyst Firm HFS

Singularity Systems, a leader in intelligent document processing (IDP) delivered via their SingularityAI platform, announced the company was selected as a Hot Vendor by HFS, a unique analyst firm respected for their no-nonsense insights. In the report, HFS OneOffice™ Hot Vendors: Q2 2022, the firm profiles an exclusive group of emerging players, each with a differentiated value proposition, with Singularity Systems one of only five companies making the prestigious list.

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HFS Hot Vendors are service and technology providers hand-picked by the firm’s analysts to help enterprise organizations expand their ecosystems with offerings that solve today’s complex business problems and exploit market opportunities. HFS Hot Vendors display truly differentiated offerings and out of the box thinking that can be both inspiring and useful.

Vendors are determined based on their offerings’ distinctiveness, ecosystem robustness, client impact, financial position, and impact. As profiled in the HFS OneOffice and OneEcosystem frameworks, these vendors have the vision and strategy to impact and disrupt the market.

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“Recognition as a Hot Vendor by HFS is a testament that our advanced machine learning IDP solution is at the top tier among competitors,” says Dr. Tianhao Wu, CTO and co-founder of Singularity Systems. “Not only because we achieve the fastest completion of use cases with the highest accuracy while needing less training data, but more importantly, SingularityAI offers enterprises a generally scalable solution with sustained ease of use as requirements expand. The simplest (and most effective) solution for customers is actually the hardest to build – we have done this and will continue to advance our capabilities as customer needs evolve.”

“SingularityAI has made smart strategic choices in creating its IDP product that led us to name it an HFS Hot Vendor,” says Reetika Fleming, Research Leader, HFS Research, “Its ability to work with small data samples upfront and process and adapt to new data streams is geared well to complex enterprise business processes. Blending multiple IDP approaches, creating a user-friendly interface, and prioritizing integration with major platforms further sets up SingularityAI’s clients for success with their digitization efforts.”

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