The xSuite Group has been leveraging artificial intelligence in its invoice processing software for some time, taking traditional OCR-based technology to the next level – now with generative AI and large language models (LLMs). With a new partnership agreement signed in December 2024, AI components from Hypatos, a leading AI automation company based in Potsdam, Germany, are complementing xSuite’s solutions.
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As part of this collaboration, xSuite will use Hypatos as an OEM component within its software, initially focusing on invoice processing, with plans to expand to other solutions. Simultaneously, Hypatos will incorporate xSuite’s SAP-integrated workflows into its portfolio, providing a more comprehensive automation suite.
Hypatos, headquartered in Potsdam with offices in Europe and the U.S., specializes in AI-powered document processing and business process automation. Recognized by Gartner as a leader in the 2024 Market Guide for Intelligent Document Processing and the 2023 Market Guide for APIA Solutions, Hypatos is a key player in the AI automation landscape.
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Matthias Lemenkühler, Chief Product & Technology Officer at xSuite, commented:
“Extending our portfolio with Hypatos‘ AI capabilities significantly enhances automation for our customers, particularly in invoice processing. Since Hypatos’ AI components are based on large language models, we anticipate substantial improvements in document recognition accuracy, ultimately creating a faster and more seamless workflow for our users.”
Dr. Uli Erxleben, Founder and Managing Director of Hypatos, added: “xSuite and Hypatos are a perfect match, as we both focus on SAP-integrated solutions for similar customer segments. Even before this partnership, we served many of the same clients, making this collaboration a natural fit. With xSuite’s workflow solutions powered by our AI, our customers will benefit from an unmatched level of automation and efficiency.”
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Source – GlobeNewswire
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