innovation path

What innovation path does

Innovation Path, s.r.o. is a Prague-headquartered (Dukelských hrdinů 564/34, Prague 7) process automation and RPA consulting firm founded in 2017 by former Big Four business consultants. The 35-person team is composed of 20 consultants and 15 developers delivering enterprise automation projects to mid-to-large manufacturing firms, corporations with heavy back-office operations, and shared service centers across 12+ countries, anchored in Czech Republic and Western Europe (with a branch office in Charleroi, Belgium). The firm has delivered 200+ completed automation projects with reported outcomes of 40% efficiency improvement, up to 50% cost reduction, 85% reduction in invoice-processing manual effort, and 10,000+ hours saved annually.

Name

innovation path

Legal name

Innovation Path, s.r.o.

Website

https://innovationpath.eu

Company type

Private

Founded year

2017

Operating status

Operating

Headcount range

11–50 employees

Short description

Innovation Path is a Prague-based RPA and process automation consulting firm that delivers enterprise automation solutions across Czech Republic and Western Europe. Founded in 2017, the 35-person firm combines consulting with proprietary technology like Innovoices and Agentic Bridge middleware to integrate AI into legacy ERP systems.

Ownership category

akta.pro rank

Product category

Process Automation & RPA Consulting

NAICS

Computer Systems Design Services (541512), Custom Computer Programming Services (541511), Computer Systems Design and Related Services (5415)

SIC

Services-Computer Integrated Systems Design (7373), Services-Computer Programming Services (7371), Services-Management Consulting Services (8742)

akta.pro primary industry

Business Process & Digital Transformation Consulting (BPAEAAAD)

akta.pro secondary industries

Robotic Process Automation (RPA) Platforms (HDAEAHAB), Robotic Process Automation (RPA) & Hyperautomation Platforms (HDAEAKAF), Enterprise Application Training, Change Management & Adoption Services (BPAEAGAN)

Keywords

• Robotic process automation
• Intelligent document processing
• Process automation consulting
• ERP integration services
• Digital transformation services

Headquarters

HQ city

Prague

HQ country

Czechia

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure

Revenue model

1. Automation Implementation Services: Delivery partner providing comprehensive service from analysis and development to integration and ongoing support. They do not resell out-of-the-box software but provide custom-built solutions. Revenue comes from project-based professional services for RPA and AI implementation.
2. IT and Digital Consulting: Design of digital visions and automation strategies, business process redesign, workflow standardisation and optimisation services.
3. Application Development: Standalone applications for automation of key process elements and customised process tool development including their proprietary Innovoices document processing application.
4. Managed Services and SLA Support: Full operations under agreed SLAs including hypercare after go-live, maintenance for system updates, and incident management.

Go-to-market motion2 records

Distribution channels1 record

Marketing channels5 records

Core offering

Innovation Path provides end-to-end Robotic Process Automation (RPA) and process automation consulting services for enterprises. They analyze client business processes, design custom automation solutions, and implement digital workers and virtual assistants using a technology-agnostic approach spanning UiPath, Microsoft Power Automate, and Automation Anywhere. Their proprietary offerings include the Innovoices document processing application for AI-powered invoice data extraction and the Agentic Bridge middleware architecture that enables non-invasive integration of GenAI and IDP capabilities above legacy ERP systems.

Product overview

Innovation Path is a process automation and RPA consulting company that provides end-to-end automation solutions and digitalization services. Their portfolio consists of consulting services (RPA implementation, IT consulting, application development) combined with their proprietary Innovoices application for automated document processing. The company operates as a delivery partner, building client-specific automation solutions rather than reselling out-of-the-box software. Their approach centers on their Agentic Bridge architecture that integrates AI and RPA capabilities above existing ERP systems without disrupting core infrastructure.

Differentiator

Problem solved

Functional benefit

Brands

• Innovoices: Proprietary document processing application for automated invoice data extraction using artificial intelligence, designed for direct import into accounting and ERP systems.

Products and services

• Innovoices Standalone AI-powered application for automated invoice and document data extraction. Uses artificial intelligence to extract information from invoices and other documents, creating data sets for direct import into accounting and ERP systems. Features include digital worker email attachment processing, AI-driven document data extraction, structured data file creation, and dedicated storage management. Targeted at finance and accounting teams in enterprises seeking to automate accounts payable workflows.
• Robotic Process Automation (RPA) Implementation Services End-to-end RPA implementation service including introduction of digital workers and virtual assistants through Robotic Desktop Automation, implementation of OCR and AI elements, and development of internal robotics departments and robotic centers of excellence for enterprise clients. Service targets mid-to-large corporations and Shared Service Centers seeking to automate high-volume repetitive processes.
• IT and Digital Consulting Consulting services including design of digital visions and automation strategies, business process redesign, and workflow standardization and optimization for enterprise clients. Targeted at leadership teams and process owners in mid-to-large organizations undertaking digital transformation initiatives.
• Custom Application Development Custom standalone application development for automation of key process elements. Tailored process tool development customized to specific client requirements beyond standard RPA implementations. Service targets enterprises with unique automation needs not addressed by off-the-shelf solutions.
• Agentic Bridge Solution Middleware architecture solution that adds execution capability above existing ERP systems without rewriting database code. Coordinates individual AI and automation services centrally as an agentic layer, integrating IDP and GenAI without touching core system. Features targeted data extraction, API/database connectors, isolated writes via staging tables, vendor-agnostic IDP layer, and centralized orchestration. Designed for enterprises running legacy ERP systems (SAP, Infor, Microsoft Dynamics NAV) that need AI integration without infrastructure overhaul.
• Managed Services and SLA Support

Quantifiable outcome

• 40% improvement in efficiency
• +5 more outcomes

Named customers6 records

Segments4 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration10 records

AI capability9 records

Feature5 records

Partnerships

Four partnerships are on record, tiered core.

• RossumcoreTechnology or IntegrationGlobal pioneer in Intelligent Document Processing (IDP) and AI for document workflows. Innovation Path cooperates with Rossum to provide cutting-edge document processing solutions, particularly for invoice extraction and data capture. Notable joint case studies include Veolia (8x faster invoice processing) and Nedschroef (scalable framework across group companies).
• MicrosoftcoreTechnology or IntegrationGlobal technology leader providing Power Automate and related Microsoft ecosystem tools. Innovation Path integrates with Microsoft Dynamics NAV, SharePoint, and uses Microsoft Power Automate as one of their technology choices for automation implementations.
• UiPathcoreTechnology or IntegrationGlobal RPA market leader. Innovation Path is a delivery partner utilizing UiPath for robotic process automation implementations. Joint work includes plug-and-play open source examples for automated invoice data extraction (15-minute setup).
• Automation AnywherecoreTechnology or IntegrationGlobal RPA pioneer. Innovation Path cooperates with Automation Anywhere as one of their technology partners for providing automation solutions, alongside Rossum, UiPath, and Microsoft.

Scale indicators9 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• Celonis: Process mining and execution management platform that increasingly competes in the same business process transformation consulting space as Innovation Path, with a broader enterprise footprint and an EMEA partner ecosystem that overlaps with Innovation Path's target accounts in manufacturing and SSCs.
• UiPath: Market-leading RPA platform that Innovation Path is a delivery partner for, and that competes for the same services and integration budgets at enterprises in Czech Republic and Western Europe. UiPath is the dominant incumbent in the RPA category where Innovation Path builds its delivery practice.
• Protoviti: Global consulting firm with a dedicated Intelligent Automation practice delivering RPA, IDP, and AI services to large enterprises. Comparable as an RPA implementation partner, though it competes at a much larger scale and brand reach than Innovation Path within shared services and finance transformation deals.

Direct peers

• Element Blue: Intelligent automation consultancy delivering RPA, AI, and IDP solutions across healthcare, finance, and shared services. Comparable in being a delivery-focused, technology-agnostic partner serving similar mid-to-large enterprise back-office and shared service center use cases as Innovation Path.
• BP3 Global: Boutique intelligent automation services firm specialising in RPA, workflow, and process automation consulting for enterprise clients, with a technology-agnostic delivery model. Overlaps closely with Innovation Path on RPA implementation services, automation CoE build-out, and ERP-adjacent workflow projects.
• Q_PERIOR: European management and IT consultancy with established RPA/intelligent automation practices serving manufacturing, financial services, and public sector clients. Comparable to Innovation Path as a digital transformation consulting competitor targeting similar mid-to-large enterprise back-office automation mandates.
• Roboyo: European-headquartered hyperautomation and RPA consulting/implementation firm that delivers UiPath, Automation Anywhere, and Microsoft Power Automate projects for enterprise customers. Highly comparable to Innovation Path as a vendor-agnostic delivery partner with a similar service mix across RPA, IDP, and ERP integration in Europe.

Others

• Rossum: AI-driven Intelligent Document Processing vendor with which Innovation Path has a core technology partnership and co-delivered joint invoices automation at Veolia and Nedschroef. Comparable technology stack and customer profile (mid-to-large ERP users), but Rossum is a product vendor and IDP platform, not an implementation partner.
• WorkFusion: AI-native RPA and IDP vendor offering pre-built automation solutions, including for banking, financial, and shared services back-office workflows. Comparable overlap on document-heavy automation use cases even though WorkFusion competes primarily as a packaged product platform rather than a consulting/implementation firm.

Emerging players

• Nividous: Process automation vendor/software house combining RPA, IDP, and low-code workflow into a packaged platform aimed at mid-market back-office automation. Comparable use cases (AP, invoice processing, ERP-adjacent workflows) and customer segment to Innovation Path, but competes primarily via its own product rather than partner-led delivery.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/innovationpath
• Instagraminstagram.com/innovationpath_official

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about innovation path