How Global Logistics Company Deutsche Post DHL Group Reduced Transaction Costs Through Standardized AP Processes
Documents exist in a quarter of business operation scenarios or more. If you pick any industry, you will easily find documents, sometime even paper ones, holding back digital transformation. Deutsche Post DHL Group embarked on their automation project by analyzing their Finance activities to determine which processes and tasks could be automated effectively with RPA.
Essential Skills Needed to Make Procure-to-Pay a Reality
Procure-to-Pay (P2P) has become the Holy Grail of Accounts Payable (AP) automation, whose ultimate value is in delivering the AP department from a cost center to a strategic source of cashflow and profits. Only by gaining visibility and control over the content of your Supply Chain operations (from ordering to shipping, receiving, and ultimately payment) can P2P be achievable.
2021: Focus on Mobile Scanning
In this new world of constant change and high levels of uncertainty, many of us have adapted to work remotely, shifting away from our regular 9 to 5 schedules. We have become a truly mobile society, with professionals requiring mobile tools to be able to work from anywhere, anytime.
ABBYY Spotlight: Steven Cronin, Vice President of Customer Support, Global
Over 5,000 companies and organizations around the world trust ABBYY, and excellent customer service is one of our core values. What is it like to lead the team in charge of this? Meet ABBYY’s Vice President of Customer Support Steve Cronin. We asked him a few questions about his role and what attracted him to ABBYY. Here's what he had to say.
Leveling Up Document Processing with ABBYY Vantage v2.1
With the release of ABBYY Vantage v2.1, we are introducing more than 50 new enhancements to support your journey forward in solving complex document processing challenges using best-in-class no-code intelligent document processing powered by ABBYY’s leading artificial intelligence (AI) technology.
What Is Intelligent Document Processing, and How Does It Work?
Intelligent Document Processing can deliver significant benefits. By applying document skills in a way that closely supports the way humans understand and manage content, IDP saves time and money while also reducing the risk of costly errors.
Digital Strategies in Financial Services: Read Our Latest Survey Results
Financial services institutions have long pursued automation opportunities to accelerate lending processing, expedite regulatory reporting, monitor and detect fraud, and a whole host of processes that can be fraught with fractured, content-intensive processes. This quest has only accelerated during the COVID-19 pandemic, and that haste has sometimes created costly blind spots, risks, and inefficiencies.
Clearing the Document Bottlenecks in Your Supply Chain Operations with a “Skills” Approach
Supply chains run on documents at every point in their processes, from sourcing to shipping to customs clearances and payments, and the ability to handle documents directly impacts a company’s resilience, adaptability, competitive position, and profits. Yet the approaches to handling documents is antiquated, often relying on legacy optical character recognition (OCR) procedures enhanced with robotic process automation (RPA) workarounds. What if there was a better way?
Overcome the Increasing Challenges of Unstructured Content in Financial Services
Financial services is driven by enormous amounts of unstructured data, and the sources of that unstructured data continues to grow in variety and complexity. The ambiguities of these unstructured files make them more difficult to handle than data held in a database format.
Document Challenges Accelerate the Great Resignation
There’s nothing more frustrating than not being able to find something—especially when you desperately need it to finish a job. But it turns out that millions of workers are actually wasting weeks on end just looking for information in documents, according to new research commissioned by ABBYY.