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Andrew Varley, Chief Product OfficerSo, who is Apryse?
Humble Beginnings: The Dawn of PDFTron
Apryse’s journey began over two decades ago under a different name: PDFTron. Its extensive experience in document processing makes it a trusted toolkit for organizations around the globe, serving tens of thousands of customers across various industries. Now operating under Apryse, a conglomerate of 12 separate companies, they have become a powerhouse of shared tools and solutions for virtually any workflow.
Comprehensive Solutions for Every Financial Need
At the heart of Apryse’s offerings are its Software Development Kits (SDKs), pre-built components, and end-user Software as a Service (SaaS) applications. These tools empower leading companies to seamlessly handle document-related tasks like generation, conversion, viewing, editing, and signing within their applications and workflows. The versatility of Apryse’s product suite provides financial clients with a one-stop shop for all their document management needs.
“Financial institutions are happy to deal with a single vendor that supports not just the one case they are looking for, but the expansive set of needs within their organization,” says Andrew Varley, Chief Product Officer at Apryse.
This not only simplifies their digital transformation journey but also leads to operational efficiencies and substantial cost savings.
Where Are These Tools Needed Most?
In the finance sector’s evolution towards digitization, pen-and-paper documents and manual processes are standing steadfast in the way of innovation. Just as the horse was to the automobile, these legacy standards must be removed and updated to capitalize on the next generation of document handling. So, let’s walk through just a few samples of critical components for financial institutions to update to keep up in an increasingly AI and automation driven world.
1. Loan and Mortgage Applications In the banking sector, loan and mortgage applications are pivotal. Clients engage in a process where they physically sign documents, which are then scanned and uploaded for processing.
2. Importing Financial Data Financial data importation often involves the use of Excel based risk templates. These templates efficiently update data and generate contracts directly on the intranet, ensuring a streamlined workflow.
The signature workflow relies on “wet signatures,” a process that includes printing, signing, scanning, and emailing documents. Due to regulatory requirements, these signed documents are stored as PDFs.
4. Form Filling (PDF)
Internally, the use of pre-filled loan and securities forms in PDF format streamlines processes and enhances the efficiency of essential documentation handling.
5. Collaboration
Collaboration processes face challenges in the absence of real-time commenting and feedback. Enabling this helps speed up review processes, which impacts the overall efficiency of collaborative efforts.
6. Role-Based Permissions
Role-based permissions, particularly within areas like the risk department, play a crucial role. These roles enable specific feedback on documents, actively aiding in approval processes and contributing to a smoother workflow.
The Solution? Accurate, Compliant, and Secure Document Automation
Apryse’s SDKs offer financial institutions a transformative solution for accurate, compliant, and secure document automation. With core security embedded directly into the app code, Apryse ensures top-tier data security by eliminating external calls and transmissions. This minimizes risks and ensures adherence to industry compliance standards.
Apryse’s Ongoing Support, Innovation, and Consultative Approach
Recognizing that digital transformation is a constantly evolving landscape, Apryse offers ongoing support. A consultative approach, along with thousands of publicly available technical documents, persistent improvements, as well as written and visual guides, provide seamless implementation. A dedicated customer success team continues this support through after-sales by engaging with clients, ensuring the smooth functioning of the automation process and offering guidance on the next steps.
Thriving in a Developer-Focused Environment
Apryse’s commitment to developer needs is evident in its robust documentation and guides. Developers can access sample code to prove the required underlying capability quickly. The provision of cookbooks for complex use cases, like data extraction or digital signatures, facilitates faster adoption of complex features. Additionally, Apryse delivers pre-built low-code components like Fluent, which enhances document generation productivity for tasks that financial institutions need to perform repeatedly.
Apryse’s end-to-end digital document automation solutions offer a holistic approach to the challenges faced by financial service organizations. With a rich history, a comprehensive suite of tools, ongoing support, and a focus on the unique needs of developers, Apryse is poised to continue driving the digital transformation of the financial services industry.
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Company
Apryse
Management
Andrew Varley, Chief Product Officer
Description
With over 25 years of experience in the document processing space, Apryse has become the trusted solution provider for banks, insurance companies and other businesses, helping them accelerate their digital transformation goals. Be it mortgage origination, underwriting, or intake of paper to digital forms, the company offers a complete package of products to help clients with their needs.
The Apryse product portfolio will now include LEAD's flagship product, LEADTOOLS, which provides programmers with a powerful set of libraries for recognition, document, vector, medical, imaging, and multimedia development. The acquisition also extends Apryse support for DICOM, PACS, medical imaging, and 3D processing solutions for EHR and pharmaceuticals with the addition of LEAD's healthcare-centric portfolio, Medicor, including MiPACS.
"The acquisition of LEAD Technologies is a large step towards unlocking unprecedented possibilities in AI-powered document-focused applications," said Cassidy Smirnow, CEO of Apryse. "By harnessing the collective expertise of two seasoned development teams, we're accelerating advancements in our product capabilities in generative AI, IDP data extraction, form recognition, and image and document processing. This combination further cements our position as a trusted partner for enterprises looking to accelerate digital transformation and unlock their own data while retaining security and cost advantages."
The acquisition brings with it 85 employees and two new offices and marks the latest milestone for Apryse following recent announcements, including the acquisition of Qoppa, iText, and Eversign.
"Today marks a new era for us," said Moe Daher, Co-Founder of LEAD Technologies. "Adding our team of 85 alongside the ranks of Apryse's existing 400+ strong poises us as one of the largest document processing companies on the planet. Between our now tens of thousands of customers and combined six decades of experience, we're ready to go way beyond anything we've imagined before."