Company:Nividous

From HandWiki
Nividous
TypePrivately held company
IndustryIntelligent Automation

Hyperautomation

Business Process Automation
Founded2011; 13 years ago (2011)
Founders
  • Kaushal Mashruwala
  • Shvetal Desai
Headquarters
Mumbai, India
Moorestown, NJ
,
U.S.
Number of locations
5
Area served
Worldwide
Key people
  • Kaushal Mashruwala (co-CEO)
  • Shvetal Desai (co-CEO)
Products
RevenueIncreaseUS$55 million
Number of employees
265 (2022)
Websitenividous.com

Nividous is a technology company that develops intelligent automation systems (also called hyperautomation).[1] The company’s products make use of a blend of robotic process automation (RPA) software, artificial intelligence (AI), and business process management (BPM). It was co-founded by Kaushal Mashruwala and Shvetal Desai in 2011 and is headquartered in both Mumbai[2] and Moorestown, New Jersey.[3]

The company’s technology automates data entry and communication tasks, along with end-to-end business processes, by deploying software robots and humans to manipulate existing software user interfaces. This is an approach that often accelerates corporate digital transformation by automating transfer of data between systems.[4][5]

Nividous is a self-funded company with over 200 employees.

History

Prior to founding Nividous, both co-founders were senior leaders of BPM platform vendor Savvion.[6] In 2010, Savvion was acquired by Boston-based Progress Software.[7]

In July 2011, Nividous was co-founded by technology developers Kaushal Mashruwala and Shvetal Desai. Nividous partnered with leading BPM vendors such as IBM, Bizagi,[8] and Progress Software.[9]

In 2016, the company developed an RPA framework to work with other BPM systems.

In 2017, Nividous decided to focus on productizing its flagship platform, which is now called the Nividous Intelligent Automation (Nividous IA) platform.

By 2019, the company’s Nividous IA platform included RPA, AI, and BPM.[10]

In 2020, Nividous released version 5.0 of its platform to offer a complete hyperautomation platform that includes RPA, AI, and BPM embedded natively.

Nividous continues to provide implementation services for IBM and Bizagi platforms.

Software and services

Nividous develops technology that approaches digital applications from the user interface instead of using API or custom-coded instructions. This allows organizations to automate the use of existing business applications to carry out mundane, repetitive, and error-prone tasks with high accuracy and speed, contributing to the solution of pressing business issues.[11] This UI-forward approach allows the automation of legacy applications and license-protected software, like customer relationship management (CRM) systems and enterprise resource planning (ERP) systems.

The Nividous mix of technology blends the work of humans, bots, and AI together to create the most efficient workflows.[12][13] Two of the centermost technologies in the Nividous platform, RPA and AI, are becoming more popular in business contexts.[14] Another Nividous platform technology, intelligent document processing (IDP), is used to automate the recognition and moving of data within computer systems.[15] By combining traditional RPA, AI, IDP, and end-to-end process automation (low-code BPM) capabilities and delivering them through a single, well-integrated hyperautomation platform, the company automates entire workflows.[16][17]

Nividous has one key product: the Nividous platform system. The product has following main components:

  • Nividous Control Center—a dashboard with business and process data for bot management, human task execution and management, and BI-like analytics
  • Nividous Unattended Bot—an automation bot for execution of RPA processes in unattended mode
  • Nividous Attended Bot—an automation bot for execution of RPA processes in human-attended mode
  • Nividous Smart Bot—an automation bot with native AI/ML capabilities and intelligent document processing (IDP) capabilities
  • Nividous Studio—a customer-driven automation development environment

This technology has been used in insurance to automate claims and approval processing; in healthcare to automate billing, medical coding, claim validation, and revenue cycle management;[18] in manufacturing to automate vendor payments, order processing, and warranty renewals;[19] in life sciences to automate pharmacovigilance, patient servicing, and compliance; and in shipping to automate customer pricing and data transfer.[20]

Reception

As a technology developer, Nividous has received the following recognition:

  • WfMC—Best BPM Implementation 2014
  • WfMC—Best BPM Implementation 2015[21]
  • WfMC—Global Award for Excellence in BPM & Workflow 2015[22]
  • Bizagi—Partner of the Year 2018
  • Gartner—Competitive Landscape: Robotic Process Automation Software 2020[23]
  • Bizagi—Innovation 2021[24]
  • BTOES 2021—best process automation program given to CIO of AEG (Nividous customer)
  • Everest Group—Everest Group Products PEAK Matrix™ 2019,[25] 2021,[26][27] 2022[28]
  • HFS—OneOffice™ Hot Vendor Q1 2022[29]

References

  1. ↑ "Nividous: Increasing Return on Investment of its Customers across the Globe". June 2021. https://www.forbesindia.com/media/supplement_pdf/Book_Company%20in%20Focus-II_Final%20for%20WEB.pdf. 
  2. ↑ "Nividous". https://craft.co/nividous. 
  3. ↑ "Nividous". https://craft.co/nividous. 
  4. ↑ "Nividous Webinar - Webinar Spotlight: Intelligent Document Processing". September 5, 2022. https://insights.btoes.com/nividous-webinar-webinar-spotlight-intelligent-document-processing-0. 
  5. ↑ "Hot Vendor Firesides: In conversation with Nividous President Alan Hester". June 14, 2022. https://www.hfsresearch.com/videocasts/hot-vendor-firesides-in-conversation-with-nividous-president-alan-hester/. 
  6. ↑ "Savvion Inc". https://www.bloomberg.com/profile/company/3511254Z:US. 
  7. ↑ "Progress Software - Progress Software - PRGS Stock Forecast, Price & News: Does Progress Software have any subsidiaries?". September 15, 2022. https://www.marketbeat.com/stocks/NASDAQ/PRGS/. 
  8. ↑ "Bizagi Announces 2018 Partner of the Year Winners at Catalyst 18". https://www.bizagi.com/en/resources/newsroom/1346-bizagi-announces-2018-partner-of-the-year-winners-at-catalyst-18. 
  9. ↑ "Nividous: Increasing Return on Investment of its Customers across the Globe". June 2021. https://www.forbesindia.com/media/supplement_pdf/Book_Company%20in%20Focus-II_Final%20for%20WEB.pdf. 
  10. ↑ "BPM Plus RPA – The Whole is Greater Than the Sum of its Parts". September 9, 2019. https://www.prweb.com/releases/bpm_plus_rpa_the_whole_is_greater_than_the_sum_of_its_parts/prweb16544022.htm. 
  11. ↑ "HFS OneOffice™ Hot Vendors: Q1 2022". April 6, 2022. https://www.hfsresearch.com/research/hfs-oneoffice-hot-vendors-q1-2022/. 
  12. ↑ "Nividous: Increasing Return on Investment of its Customers across the Globe". June 2021. https://www.forbesindia.com/media/supplement_pdf/Book_Company%20in%20Focus-II_Final%20for%20WEB.pdf. 
  13. ↑ "Moving Away from Automation Silos | Webinar". January 21, 2021. https://www.everestgrp.com/2020-12-https-www-everestgrp-com-2020-12-moving-away-from-automation-silos-webinar-html-.html. 
  14. ↑ "Artificial Intelligence + Robotic Process Automation: The Future of Business". February 27, 2020. https://wire19.com/ai-rpa-future-of-business/. 
  15. ↑ "Intelligent Document Processing (IDP) – Technology Provider Landscape with Products PEAK Matrix® Assessment 2022". May 6, 2022. https://www2.everestgrp.com/reportaction/EGR-2022-38-R-5136/Marketing?SearchTerms=Intelligent%20Document%20Processing%20PEAK. 
  16. ↑ "Nividous: Increasing Return on Investment of its Customers across the Globe". June 2021. https://www.forbesindia.com/media/supplement_pdf/Book_Company%20in%20Focus-II_Final%20for%20WEB.pdf. 
  17. ↑ "Nividous Reviews". https://www.gartner.com/reviews/market/robotic-process-automation-software/vendor/nividous/product/nividous. 
  18. ↑ "Robotic Process Automation in the Healthcare Industry". February 22, 2021. https://roboticsandautomationnews.com/2021/02/22/robotic-process-automation-rpa-in-the-healthcare-industry/40923/. 
  19. ↑ "Manufacturing & Retail: Leading Document Services Provider". https://www.bizagi.com/en/customers/case-studies/financial-services-leading-document-services-provider. 
  20. ↑ "3 Ways Unilever International Achieved Agility at Scale". May 26, 2022. https://www.bizagi.com/en/blog/3-ways-unilever-international-achieved-agility-scale. 
  21. ↑ "Winners Announced in 2015 WfMC Global Awards for Excellence in BPM & Workflow". http://bpmf.org/awards/2015_BPM_Awards_winners.htm. 
  22. ↑ "Freedom Mortgage Wins 2015 Global Award for Excellence in BPM and Workflow". December 14, 2015. https://www.freedommortgage.com/about/press-releases/details/freedom-mortgage-wins-2015-global-award-for-excellence-in-bpm-workflow. 
  23. ↑ "Competitive Landscape: Robotic Process Automation Software". May 13, 2020. https://www.gartner.com/doc/3985113. 
  24. ↑ "Bizagi Announces Winners of 2021 Partner Awards". https://www.bizagi.com/en/resources/newsroom/bizagi-announces-winners-of-2021-partner-awards. 
  25. ↑ "Everest Group Issues Latest Assessment of RPA Technology Vendors as Market Becomes Increasingly Complex, Competitive | Press Release". July 1, 2019. https://www.everestgrp.com/2019-07-everest-group-issues-latest-assessment-of-rpa-technology-vendors-as-market-becomes-increasingly-complex-competitive-press-release-50580.html. 
  26. ↑ "Robotic Process Automation (RPA) – Technology Provider Landscape with PEAK Matrix® Assessment 2021". September 29, 2021. https://www2.everestgrp.com/reportaction/EGR-2021-38-R-4655/Marketing?SearchTerms=robotic%20process%20automation. 
  27. ↑ "Intelligent Document Processing (IDP) – Technology Vendor Landscape with Products PEAK Matrix® Assessment 2021". April 19, 2021. https://www2.everestgrp.com/reportaction/EGR-2021-38-R-4319/Marketing?SearchTerms=Intelligent%20Document%20Processing%20PEAK. 
  28. ↑ "Intelligent Document Processing (IDP) – Technology Provider Landscape with Products PEAK Matrix® Assessment 2022". May 6, 2022. https://www2.everestgrp.com/reportaction/EGR-2022-38-R-5136/Marketing?SearchTerms=Intelligent%20Document%20Processing%20PEAK. 
  29. ↑ "HFS OneOffice™ Hot Vendors: Q1 2022". April 6, 2022. https://www.hfsresearch.com/research/hfs-oneoffice-hot-vendors-q1-2022/. 

External links


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