Artificial intelligence company NLP Logix is now part of the Beeline ecosystem, a move that the company said will help expose its machine learning technology to a new customer base.
NLP Logix and Beeline are standouts in the Jacksonville technology sector.
Founded in 2011, NLP Logix has made its name in applying data science across a range of industries, working with health care experts to identify cancer cells and helping railroads ensure the proper signage is in place.
Beeline offers a software-as-a-service platform focused on acquiring and managing contingent labor. While the company focuses on its vendor management system, it partners with a number of companies for other needs, from HR to procurement to invoicing.
"Beeline's mission is to optimize the contingent workforce in every way and partnering with NLP Logix will add another layer to this optimization," said Beeline CEO Doug Leeby said in a statement. "NLP Logix's AI tools can analyze workflow and eliminate repetitive tasks, allowing the contingent workforce to offer even more value."
By using its technology, NLP CEO Ted Willich said, Beeline clients will be able to more effectively deploy their external workforce by automating some of the tasks being done.
"In any discussion of labor and workforce, some layer of artificial intelligence should be considered," Willich told the Business Journal.
For example, computer vision software can help insurance adjusters with estimates after a hurricane and machine learning could help data entry personnel remove credit card information from a document image, said NLP Chief Information Officer Matt Berseth.
"These type of AI applications save time and efficiencies, boosting productivity for the workers and the companies," Berseth said in a statement.
Partnering with Beeline will accelerate NLP's growth, Willich said, putting it in front of a wider range of companies.
The move comes as Beeline expands the breadth of the technology its deploying in the wake of its acquisition earlier this year by Greenwich, Connecticut-based Stone Point Capital.
The investment by Stone Point allows Beeline to take advantage of a crucial moment for the vendor management software industry as contingent workforces take up an increasingly large share of the workforce of large companies, Leeby said in May.
While that trend was picking up speed in the years preceding the pandemic, Leeby said Covid-19 and the resulting labor shortage and minor recession forced businesses to accelerate it.
