ABBYY Positioned a Leader for the 7th Time in Everest Group’s Intelligent Document Processing
For the seventh year in a row, ABBYY is recognized as a Leader in Everest Group’s Intelligent Document Processing (IDP) and Banking and Financial Services (BFS)-specific IDP Products PEAK Matrix® Assessment 2025. With businesses facing increasing pressure to reliably automate document-centric processes to reduce costs and improve efficiency, the IDP Products PEAK Matrix® Assessment provides expert analysis of IDP offerings including those specific to the banking and financial services (BFS) industry.
Everest Group’s comprehensive IDP PEAK Matrix® Assessment 2025 evaluates the market impact, vision, and capabilities of IDP technology providers, identifying industry leaders that demonstrate excellence in innovation, strategy, and implementation. The 2025 assessment highlights ABBYY IDP solutions capability to “integrate and optimize multiple AI models, ensuring efficient outcomes while minimizing resource use at each stage of the document processing pipeline,” specifically recognizing the ability to integrate quality analytics and business process reporting capabilities with PowerBI and/or ABBYY Timeline to improve understanding of document process performance.
Our latest assessment acknowledges the ABBYY platform’s use of generative AI to enhance software learning and training, such as the multi-modal Phoenix 1.0 model’s combination of advanced image and text analysis and zero-shot key-value pair extraction capabilities. Additionally, ABBYY is among the top technology providers by IDP software revenue across major industry-specific business processes for healthcare, banking, government sector and insurance, supported by its online marketplace, Skills Catalog, and 150+ pre-packaged OOTB solutions for use cases across industries and business functions.
Vaibhav Bansal, VP at Everest Group
ABBYY’s portfolio of Document AI and IDP solutions has integrated with generative AI and business-critical systems to achieve transformative results such as:
- 82% accurate data extraction from over 30 thousand commercial lease documents processed annually
- 40% reduction in manual data entry errors and 35% reduction in cost across several document-driven processes
- 99% straight-through processing to accelerate delivery of goods to market by 95%
Increased use of large language models and agentic AI in IDP have shifted the conversation from just data extraction to driving insights and automation at a scale we’ve never seen before
Generative AI is opening the door to entirely new IDP use cases, but delivering lasting business value requires consistent and high-quality data. With ABBYY’s globally expanding AI research initiatives and innovation in developer-friendly tools for document automation, we look forward to continuing leading the industry in enabling data-driven operational excellence and solving customers’ most central document challenges.
Bruce Orcutt, Chief Marketing Officer at ABBYY
