Deal brings intelligent content capture platform to broader market
CHICAGO — 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.
About Ephesoft
Ephesoft, Inc. develops technology that makes meaning out of unstructured data for decision-makers worldwide. Using supervised machine learning and a focus on efficiency and reliability, Ephesoft has crafted the next generation of enterprise content capture and data discovery solutions. Organizations use this power to automate any document-based business processes, improving accuracy, increasing productivity and reducing costs. Ephesoft is headquartered in Irvine, Calif., with regional offices throughout the US, EMEA and Asia Pacific. The company is undergoing rapid growth and has customers in over 50 countries. To learn more, visit ephesoft.com.
About Grant Thornton LLP
Grant Thornton LLP (Grant Thornton) is one of America’s largest providers of audit and assurance, tax and advisory services — and the U.S. member firm of the Grant Thornton International Ltd global network. We go beyond the expected to make business more personal and build trust into every result. With revenues of $2.4 billion for the fiscal year that ended July 31, 2023, and almost 50 offices nationwide, Grant Thornton is a community of more than 9,000 problem solvers who value relationships and are ready to help organizations of all sizes and industries create more confident futures. Because, for us, how we serve matters as much as what we do.
“Grant Thornton” refers to Grant Thornton LLP, the U.S. member firm of Grant Thornton International Ltd (GTIL). GTIL and the member firms are not a worldwide partnership. Services are delivered by the member firms. GTIL and its member firms are not agents of, and do not obligate, one another and are not liable for one another’s acts or omissions.
Contacts:
Adam Bond
Grant Thornton LLP
Adam Bond
Chicago, Illinois
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