Deal brings intelligent content capture platform to broader market
CHICAGO, July 24, 2019—Grant Thornton LLP has formed an alliance with Ephesoft, Inc., an industry leader in enterprise content capture and data discovery solutions.
Grant Thornton now offers Ephesoft Smart Capture® solutions to clients so they can manage unstructured data. This helps companies improve multiple back-end processes, such as invoicing, accounts payable and contract management. It also helps them better handle and simplify complex tasks, like taxes and revenue recognition.
“Today’s businesses struggle with reams of documents and large volumes of unstructured data,” said Nick Vellani, Advisory practice leader for the Central region at Grant Thornton. “This creates workflow and collaboration nightmares – which is where Ephesoft comes in.”
Ephesoft offers a customizable platform for both cloud and on-premises architectures, allowing companies to streamline their document capture processes across networks, departments and locations. Ephesoft’s Capture-as-a-Service offers a subscription-based model with a flexible OpenAPI solution that can be helpful to companies with widespread operations. This flexibility extends to on-premises server configurations and covers the spectrum of tech-stack designs.
“Ephesoft’s patented, supervised machine learning technology reduces the overall document processing time by an average of 65% and increases employee productivity by as much as 400%,” said Ike Kavas, founder and CEO of Ephesoft. “Now we can work with Grant Thornton to help more clients in more locations gain control over their documents and unstructured data.”
Grant Thornton has already deployed the Ephesoft platform for several clients, helping them modernize their tax functions. Moreover, Grant Thornton itself has used Ephesoft’s platform in-house to improve the tax services it provides to clients. “When we saw how easily the Ephesoft Smart Capture® platform plugged into our tech environments – and the benefits it provided to our professionals – we knew it was something our clients could benefit from as well,” added Vellani.
