Elop’s AI business unit Simplifai has entered into a strategic partnership agreement with rapidly growing document management company Documaster AS. The partnership has already landed its first clients, two Norwegian municipalities, and is part of a public sector growth strategy.
Documaster was recently one of only five Norwegian technology companies that were included in Financial Times’ list: «FT 1000: Europe’s Fastest Growing Companies».
As part of the agreement, Documaster will include Simplifai’s AI-driven systems in its offering to support public and private sector clients in facilitating automatic receipt and management of e-mails and user or customer enquiries, including documents that needs to be managed.
“We will together with Simplifai strengthen our value proposition within two highly relevant areas; automated archiving of unstructured data and reduction of costs related to digitalisation of analogue documentation. These are major challenges for all our customers today,” says Simen Sandberg, chief operating officer at Documaster.
Two municipalities onboard.
Two Norwegian municipalities have already engaged Documaster, with Simplifai as subcontractor, to initiate such automation projects. One municipality wants to apply the solutions for its archive of planning and building files and documents, while the other will use it for management of HR documentation.
Going forward, Documaster will integrate Simplifai’s Documentbot and Emailbot technologies that help automate document management processes, into all its relevant client projects.
The cooperation between Documaster and Simplifai is regulated through a 12-month rolling agreement. Each new client project that Documaster enters into under the agreement, will generate monthly recurring revenues for Simplifai.
“Both Documaster and Simplifai is founded on an idea of automating and reducing time and money spent on document management. Our technology offering is highly complementary so we believe this could become a powerful and profitable cooperation for both parties,” says Bård Myrstad, VP of Simplifai.
Public sector growth strategy
Entering into the agreement with Documaster is part of Simplifai’s strategy to grow revenues from public sector clients, both in Norway and internationally.
In February, Simplifai signed a breakthrough public sector agreement with National Archives Services of Norway which has generated several requests from Norwegian municipalities.
“Documentation requirements in the public sector are strict, and the volume of correspondence and documents that are exchanged between municipalities and its “customers” – their local population – is almost incomprehensibly high. Hence, Simplifai’s AI-driven technologies, which help our clients to automate these processes, could play an important role in modernising the public sector and free up public servants’ time,” says Bård Myrstad.
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