ABBYY Vantage

Document Processing— A Better Way

New release addresses more customer use cases, improves user experience, and delivers enhanced performance.

With the goal of making the automation of document-centric business processes as efficient as possible and helping you achieve outstanding business results, we continue to enhance the capabilities of ABBYY Vantage–our state-of-the-art low-code / no-code intelligent document processing (IDP) platform.

Vantage is part of ABBYY’s unique intelligent process automation platform, which brings together intelligent document processing and process mining with ABBYY Timeline. That’s why analyst groups like Everest Group, ISG, and Quadrant Knowledge Solutions recognize ABBYY as a leader in intelligent document processing (IDP).

The recently released Vantage 2.3.1 comes with several enhancements, ranging from improved performance to smarter artificial intelligence (AI) and improved administration.

New and Improved Document Skills

Pre-trained models for business documents

The library of pre-trained, ready-to-go Document Skills available for Vantage customers through the ABBYY Marketplace just got bigger and better.

New Vantage Skills:

• Invoices – Ongoing improvement of the models, based on customer feedback, including improved quality of extraction of key fields such as company name, address, and PO number.
• Purchase Order – Ongoing improvement of the models, based on customer feedback, including improved line item extraction quality.
• Commercial Invoice – Improved model for better extraction quality.
• Receipts – Improved model for better extraction quality.
• Business Cards – The Document Skill can now process business cards in Chinese, Japanese, and Korean, both with horizontal and vertical text. Additionally, the new version of this skill provides accuracy improvements for European languages supported so far.
• NEW | Brokerage Statement – This preview Document Skill provides a base starting point for customers who need to process brokerage account statements, providing information on account value, holdings, and activity.
• NEW | Tax Form 1099-B, Proceeds from Broker and Barter Exchange Transactions – This preview Document Skill extracts data from the IRS tax from 1099-B, sent by brokers to their customers for tax filing purposes.
• NEW | Tax Form 1099 Composite – In addition to previously available Document Skills for individual 1099 IRS tax forms, this 1099 Composite Skill is now available as a preview and processes consolidated statements, listing the 1099s that have been issued by a financial institution to the taxpayer.
• NEW | Tax Form 1095-B, Health Coverage – New preview Document Skill providing a basis for fully training the processing of 1095-B forms.
• NEW | Tax Form 1095-C, Employer-Provided Health Insurance Offer and Coverage – New preview Document Skill providing a basis for fully training the processing of 1095-C forms.
• Tax Form 1098 , Mortgage Interest Statement – Part of ABBYY’s collection of IRS tax form Document Skills, this skill has now been fully trained and is available as a production-ready asset.
• Tax Form W-9, Request for Taxpayer Identification Number and Certification – Improved model for extraction of data from forms filled out manually by hand.
• Tax Form 1040 , U.S. Individual Income Tax Return – The previously available Document Skill for 1040 tax forms, supporting 1040 forms from 2018-2019 has now been updated to support the latest 1040 update for tax year 2022.
• Tax Form W-2, Wage and Tax Statement – Improved model for better extraction quality.