Topic: Digital Transformation
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.
Document Skills and the Future of Trade Finance
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.
Got Document Processing Challenges? There’s a Skill for That.
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.
How Wisercat Is Innovating with ABBYY to Automate the Vehicle Registration Process
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.