ABBYY Blog

Despite the fact that global trade finance revenues decreased by 8 percent from 2019 to 2020, according to S&P Global Revenue Pool, the COVID pandemic disruption led to an escalation of fraud and loan impairments. This caused some major banks to withdraw completely from the sector, such as in Asia. The global Trade Finance market size is projected to reach $10,987,510 USD by 2027, from $7,616,520 in 2020, at a CAGR of 5.4% during 2021-2027.

Imagine wanting to process invoices, receipts, and purchase orders as part of a procurement process. ABBYY has a skill for that in the ABBYY Marketplace. These skills help companies accelerate document processing, increasing accuracy, efficiency, and faster cycle times.

To better address the needs of customers and the issues they face in the vehicle registration process, ABBYY recently partnered with global IT company Wisercat. Together, we automated the vehicle registration process for a US-based enterprise customer.

Process mining offers one solution, and for many years it served businesses well. However, in today’s increasingly complex environment and amid growing pressure to do more—faster and at lower costs—organizations need more intelligent solutions.

Process mining and discovery is a rapidly growing market segment that empowers organizations to gain visibility to how their processes work, identify root causes of process inefficiencies, and make informed business decisions to optimize process execution.

In today’s world, enterprise organizations increasingly rely on digital automation to deliver the greatest level of efficiency and customer experience. Robotic process automation (RPA) has created a new class of digital workers to replace or augment many office employees’ jobs, resulting in increased efficiency, scale, and speed at which work can be done.

With the beta launch of ABBYY Vantage, a cloud-first platform of cognitive services that applies AI to understand documents in a fast and simple way, ISVs and partners now have the perfect platform for integrating trained document models (Vantage Skills) into virtually any business application.

We invite you to reimagine your document-centric processes with digital innovation. Together, we can power growth and profitability while making the world work better. Join us March 23 – 24 for ABBYY Reimage.

What will work look like when the pandemic is over? It’s a question we’ve all been asking since the beginning of 2020. We’ve seen some jobs lost and many others created, but almost all of them will change.

The pandemic has even further propelled enterprise leaders’ appetite for the scalability and agility that sophisticated cloud-driven solutions and platforms can deliver, and 2021 promises to be the year to show for it.