Rossum Closes Out 2022 with Accolades, Growth & Customer Traction
Company Maintains Industry Leadership Position in Intelligent Document Processing (IDP)
London and Prague — January 13, 2022 — Rossum, the pioneer in cloud-native Intelligent Document Processing (IDP), announced strong momentum for the company in 2022, highlighted by notable achievements that earned the company and its customers’ industry recognition. With the IDP market expected to grow at a compound annual growth rate of 23.1% over the next five years, Rossum is in a strong position for growth as it continues to prove itself a leader as it readies for the influx of demand in the near future.
For the second consecutive year, Rossum was named the “Momentum Leader” by G2 for its Optical Character Recognition (OCR) software. This accolade was presented in both the Summer and Fall of 2022, following the company’s “Users Love Us” designation for earning the highest product review ratings in 2021.
The company achieved high growth in the manufacturing and industrial sectors, announcing increased traction with key customers such as BUS Industrial Tools, Michlin Metals and EvoLogics GmbH. Thanks to Rossum, EvoLogics was able to reduce its overall document processing time by 75%. In 2022, Rossum also announced a new partnership with Celonis, the global leader in execution management. Through this integration, Celonis can now embed Rossum’s AI-enabled document extraction, capture and categorization capabilities into its Execution Management System (EMS) platform, empowering users to identify and reduce invoice errors more quickly.
“The traction Rossum experienced in 2022 has positioned us well for an eventful 2023. Our plans to accelerate product development, sales, and marketing efforts in 2023 are already in motion. Rossum’s success-to-date provides a solid foundation for continued progress, helping companies scale their document management operations with automation,” says Tomas Gogar, CEO of Rossum. Gogar attributes much of Rossum’s success to a number of new executive hires, including a new Chief Financial Officer, Gregory Andre and Chief People Officer, Albert Alabau. “Rossum’s leadership vision is stronger than ever, and what we are building has never been more critical to companies’ operational goals. I have full confidence that 2023 will be a transformative year for the company and our customers.”
Rossum’s success has boosted company visibility and press inquiries, securing media interest across Forbes, VentureBeat, and more. As the company looks forward to 2023, it will share more about its upcoming DocILE Competition on document information, localization and extraction.
For more information on Rossum technology and how AI automation helps digitize paperwork processes with ease, please visit www.rossum.ai.
Rossum is a market leading Intelligent Document Processing (IDP) solution combining the industry’s most advanced data extraction capabilities with a complete low-code platform that automates significant amounts of manual work across a company’s document processing workflow. Hundreds of organizations across a wide range of sizes and industries including Bosch, HelloFresh, Morton Salt and The Master Trust Bank of Japan use Rossum to reduce manual effort, improve turnaround times, and eliminate errors. Learn more at www.rossum.ai.
Media InformationAndre Fuochi
Head of Global Communications