ABBYY Blog

We hear you loud and clear, and that is why we’re excited to announce the new capabilities of the latest Vantage 2.2 release that align to your company’s business goals and outcomes. There’s something in this release for all users, whether you’re a non-coder (aka Citizen Developer), someone with experience in training document models, or simply the human operator whose job is to work with the data that is being processed.

Today, organizations seeking true process automation are finding the answer in an approach that’s both simpler and more complex: complex in its multifaceted nature, but simple for humans to implement and manage. Welcome to Intelligent Process Automation (IPA).

Documents and the challenges that businesses face today in terms of processing the data contained within them is not a new problem. Rather, the history behind capturing a document, classifying it as a certain type of document, and extracting the data from it has always been a complex undertaking, even for the most skilled technical users.

How can it be that, in a time when technology envelops our lives, the financial services industry is still so heavily bogged down by time-consuming, manual processes? In processes that we’ve been trying to gain efficiencies for years, such as onboarding, it can still take more than a week—or sometimes, even months to onboard new customers.

Anthony Macciola, Chief Innovation Officer (CIO) at ABBYY, is a seasoned tech visionary. His latest article on Forbes outlines key points to examine when considering whom you should trust with your document processing.

Insurers today still struggle to deal with the enormous volume of documents that are part of the policy administration and claims lifecycles. So, if insurance organizations—and their staff—see the need for improvement, what’s holding them back?

Stricter regulations, the increasing cost of labor, and pressures to improve customer satisfaction through increased speed of delivery are causing businesses to rethink how they do business. How can a company respond to all of these pressures while still remaining profitable?

As we march full steam ahead into 2022, we couldn’t help but reflect on how intelligent process automation technology enabled companies to pivot, grow, and focus on their digital transformation journeys. From big product announcements to thought provoking pieces, we had several great articles that unlocked tips and insight to help organizations accelerate their business growth.

Cloud computing in healthcare enhances collaboration, improves cost control and flexibility, and enables better patient experiences.

Financial institutions have the data they need, but often it is stored across different systems of record. Merging these into a holistic view is the best way to protect the business—that's where intelligent process automation can make an impact.