enChoice and Sypht Announce Merger to Expand AI Software Footprint

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enChoice, a global enterprise content management and digital transformation solutions company, welcomes Sypht, an AI-driven online OCR platform provider to the family. Sypht joins KwikTag in the software division of enChoice. Together, the companies will empower organizations to unlock the value of their critical financial data and information hidden in unstructured documents. The solutions will reduce the time and resources required to manage their corporate spend.

This strategic merger delivers extensive value to both organizations, as well as their customers and partners. The Sypht team and product set will gain dedicated resources, investment and focus to deliver new products and features to the market faster. The Sypht customer base will benefit from additional development expertise to support their current and future needs by developing the specific solutions that will enable their growth.

KwikTag will enhance their AI and machine-learning data extraction capabilities within their AP and payment automation solutions with the introduction of the Sypht technology. Both companies’ solutions are SaaS-based, which will advance their integration to strengthen current products. The AI-based technology will become the foundation of document intelligence solutions across the software portfolio going forward.

“This is an extremely exciting day for Sypht and all of our customers around the globe as we announce our merger with enChoice, one of the world’s leading technology and digital transformation companies,” says Warren Billington, CEO of Sypht. “The Sypht AI platform delivers real and measurable business value for our customers every day, and as we continue to innovate and grow, we identified an opportunity to work with the enChoice team, ultimately resulting in the merger we’re announcing today that will enable us to deliver even stronger solutions to our customers and partners.”

“We are absolutely committed to the Sypht customer base and the ongoing enhancement of the product set,” adds Mike Fernandes, VP of Products for enChoice. “The addition of Sypht technology to the KwikTag product line will quickly and significantly expand the feature set of the intelligent invoice processing that is part of the AP automation solutions which are widely adopted in the mature and growing Microsoft Dynamics market. Our goal is to continue to improve and modernize the way all of our customers do business.”
The united solutions will enable customers to:

  • Accelerate their AP process with intelligent online OCR and reduce invoice processing time from weeks to minutes
  • Significantly improve data extraction accuracy and minimize manual data entry across invoices and other critical financial documents
  • Increase AP process visibility from end-to-end, saving time and providing peace of mind for customers that their data is accurate and secure

enChoice is committed to helping organizations on their digital transformation journey. The company is excited to welcome the Sypht team and customers to the enChoice family. We look forward to a future of powerful products that exceed our customers’ expectations.

About enChoice

The enChoice family of companies delivers enterprise and mid-market enterprise content management (ECM) solutions to a global market. KwikTag, a member of the software division of enChoice, Inc. was founded in 1997 and is a proven leader in accounts payable and payment automation solutions. With nine U.S. patents and the ability to integrate with most Microsoft business applications, KwikTag solutions can simplify and accelerate the accounts payable and payment process for a variety of industries and business types.
For more information, please visit www.enChoice.com or www.KwikTag.com.

Read more from KwikTag on ERP Software blog here.

About Sypht

Sypht was founded in 2018 as a partnership of BPAY Group and Boston Consulting Group Digital Ventures with this mission – to unlock the value of the world’s hidden information and turn documents into data, insights and business value. Sypht provides AI and machine learning data extraction to deliver actionable information, which improves productivity and visibility while reducing risk. Now serving a global market, Sypht joins the enChoice family of companies to expand in technology depth and customer applications, while continuing to diligently support their customers and partners.
For more information, please visit www.Sypht.com.

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