ABBYY’s UK Partner Day Highlights Innovation and ROI Using AI
April 23, 2024
Earlier this year, in a standing-room only event held at the Chartered Accountants' Hall in London, we hosted our first Partner Day of 2024, where organizations learned how they can leverage ABBYY's purpose-built AI solutions to drive impactful results. The event illuminated the exponential growth and success of the intelligent automation market, with a focus on how AI can help put information to work to accelerate results and improve customer experiences.
Partners gained insights into ABBYY's pivotal role in the competitive AI landscape and shared real-world case studies highlighting our joint success stories in healthcare and transportation and logistics. Curious what you may have missed? Read on for a recap of the insightful day. Subscribe to the ABBYY blog to stay up to date with upcoming partner days across the globe, and other news in intelligent automation.
What is the competitive landscape of the AI market?
Despite some claims that intelligent document processing (IDP) is obsolete, Max Vermeir, ABBYY’s Senior Director of AI Strategy, highlighted that the market remains fragmented, presenting a prime opportunity. He explored how to understand the hype from reality, plus costs versus benefits of competitive offerings to navigate and choose the best solutions. Tune in to this episode of AI Pulse hosted by Max and featuring guest Bruce Orcutt, as they explore the state of the AI market in 2024. If you’d like to learn more about the AI Pulse podcast – read here.
How the NHS found success with ABBYY Vantage and Extra Technology
Extra Technology showcased the transformative power of ABBYY Vantage, for fully automating invoice processing and reducing payment risk at the Manchester NHS Trust, where thousands of different types of invoices are processed a year. With ABBYY’s continuous machine learning capabilities, post-processing and data validation, invoicing times were significantly reduced, freeing up staff to focus on other business-critical areas and yielding cost-savings in the millions.
This achievement underscores ABBYY's ability to put the information of our valued customers to work, improve processes, and drive significant change in weeks rather than months or years.
Edd Berry, Director of Finance Innovation, Manchester University NHS Foundation Trust
How to streamline freight processes with ABBYY
Intelligent document processing (IDP) can have tremendous positive impact for transportation and logistics organizations. In the intricate world of supply chain, the movement of freight relies heavily on paperwork. Each cross-border transaction demands an average of 36 documents, yet shockingly, less than one percent of these vital papers are digitized. With a staggering 50 million bills of lading issued annually, and a mere two percent being electronic, it's evident that the industry's reliance on paper documentation persists, echoing practices dating back decades.
ABBYY delivers in complex scenarios, accurately, and with real-world impact. These are three benefits ABBYY intelligent automation delivers for transportation and logistics.
Vanessa Kelly, Head of Marketing, PSV
How intelligent document processing (IDP) addresses complexity
McKinsey research reveals that many shipping processes remain entrenched in the past, harking back to the practices of the 1400s; however, ABBYY emerges as a beacon of efficiency amidst this complexity and not just for bill of lading documents. Leveraging pre-built skills and IDP, ABBYY bridges the gap by modernizing paper documentation into digital workflows. ABBYY’s purpose-built solutions deliver pre-trained AI models (document skills) and machine learning for data extraction, validation, and automated exception handling in the transportation and logistics sector, among many others.
Achieving efficiency and accuracy with purpose-built AI
ABBYY's solutions for intelligent automation help to streamline operations, ensure compliance, and drive efficiency gains. With ABBYY IDP, paper-based processes in transportation can be automated within hours and pass accurate data to transportation systems using simple API and pre-built connectors. With 95 percent and higher out-of-the-box accuracy, your organization can accelerate business process automation across multiple departments and processes in a fast, reliable, and simple way.
Realizing real-world impact of AI-powered business transformation
Organizations like Carlsberg Group, AFS, and Deutsche Post DHL Group have reported significant benefits, including time savings, faster turnaround, and enhanced efficiency in their business units powered by ABBYY. By automating tasks such as proof of delivery, contract management, and shipment tracking, ABBYY empowers organizations to navigate the complexities of transportation and logistics with ease.
These examples underscore the pivotal role of our strategic partnerships, as we innovate solutions with ABBYY’s purpose-built AI technologies for our customers, driving growth and success in today's competitive landscape. Partners left the event equipped with actionable insights, valuable connections, and a deeper understanding of how to leverage intelligent automation to meet the evolving needs of their clients.
Ashley Hamer, Chief Innovation Officer at Stratas
We look forward to upcoming ABBYY Partner Days in Austin and Singapore in April and May, respectively, highly anticipating further collaboration, learning, and success. Stay tuned for more updates and insights as we continue to empower our partners to thrive in the age of AI-driven transformation.
Thank you to all our partners for their continued dedication and collaboration. Together, we're shaping the future of business with purpose-built AI and driving unprecedented value for our customers.
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