ABBYY

ABBYY is a platform that helps businesses accelerate their digital transformation by giving them a unified view of their business processes. With AI, NLP and OCR, ABBYY automates processes through intelligent document processing and data extraction.

ABBYY also has a marketplace that includes purpose-built AI models that power Large Language Models (LLMs) and Robotic Automation (RAG) integration, which can help with automation projects for any document regardless of format or language. More than 10,000 of the world's largest companies, including the US FDA and Carlsberg, use the platform.

Some of the key ABBYY features include:

• Intelligent Document Processing: Accurately capture and extract data from documents with 90%+ recognition accuracy.
• Process Intelligence: Analyze and simulate business processes to gain actionable insights using ABBYY Timeline.
• Low-Code/No-Code Platform: Pre-trained AI extraction models make automation easy for citizen developers.
• Industry-Specific Solutions: Support for financial services, insurance, transportation, public sector, and more.

ABBYY is well-suited for automating document-based processes, such as accounts payable, customer onboarding and enterprise automation. With the ability to quickly and accurately extract insights from any document, ABBYY empowers businesses to make informed decisions on complex business challenges in real-time.

For accounts payable, ABBYY can speed up invoice processing with better visibility and control. For customer onboarding, it lets customers easily submit personal data by taking a photo of their documents, streamlining the registration process. Enterprise automation customers can modernize document-based processes to identify areas for improvement and improve customer satisfaction.

ABBYY products are designed to get results fast, with a focus on innovation and real-world application. Customers can expect:

• 99%+ capture accuracy of critical details
• 120+ complex fields extracted on two dozen forms
• 30 year archive of forms transformed
• 60,000 hours of work saved
• 400,000 invoices processed
• 9 minutes saved per invoice

Pricing information is not publicly available, so it's best to schedule a demo or speak with an expert to discuss specific needs and costs. For companies looking to modernize automation, ABBYY is a robust and scalable platform with a proven track record of delivering real-world benefits.

Published on June 23, 2024