ABBYY Overview

ABBYY helps enterprises understand business processes using AI, NLP, and OCR. Digital transformation is accelerated through its intelligent automation platform.

Use Cases

Customers recommend Workflow Management, Contract Management, Collaboration, as the business use cases that they have been most satisfied with while using ABBYY.

Other use cases:

  • Product Marketing
  • Engagement Management
  • Competitive Intelligence
  • Content Curation
  • Forecasting
  • Training & Onboarding
  • Generation Of New Leads
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Business Priorities

Enter New Markets Internationally Or Locally and Launch New Products are the most popular business priorities that customers and associates have achieved using ABBYY.

Other priorities:

  • Improve Efficiency
  • Acquire Customers
  • Enhance Customer Relationships
  • Improve ROI
  • Grow Market Share
  • Increase Sales & Revenue
  • Establish Thought Leadership
  • Improve Internal Communications
  • Improve Digital And Social Presence
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ABBYY Use-Cases and Business Priorities: Customer Satisfaction Data

ABBYY's features include Capture Information, Recording, Personalization, etc. and ABBYY support capabilities include 24/7 Support, AI Powered, Chat Support, etc. also ABBYY analytics capabilities include Analytics, and Custom Reports.

Reviews

"...Documents are at the core of any legal business, whether that be contracts, policies, court decisions or other important papers...." Peer review by Olivier Clevenbergh, Managing Partner, Stibbe

Peer review evidence (same sources as the product rating summary)

"...He says that while they are still doing OCR to scrape unstructured content, it can do this in fully automated digital process and UIPath can take that content and move it through other parts of an automated workflow. ..." Abbyy looks to RPA to breathe new life in to scanning and workflow BerTTon
"...Documents are at the core of any legal business, whether that be contracts, policies, court decisions or other important papers...." Peer review by Olivier Clevenbergh, Managing Partner, Stibbe
"...Collaborative Use of Digital IQ Skills with UiPath Robots will be Demonstrated at UiPath FORWARD III ABBYY, a leader in Digital IQ for the enterprise, announced it has been engaged in numerous joint projects worldwide that leverage its content intelligence capabilities with UiPath s robotic process automation (RPA) platform to make digital workers smarter...." Digital Workers Thrive with ABBYY and UiPath Partnership

Popular Business Setting

for ABBYY

Top Industries

  • Legal Services
  • Government Administration
  • Insurance

Popular in

  • Small Business
  • Enterprise

ABBYY is popular in Legal Services, Government Administration, and Insurance and is widely used by Small Business, and Enterprise,

ABBYY Customer wins, Customer success stories, Case studies

What makes ABBYY ideal for Workflow Management?

What Are the key features of ABBYY for Contract Management?

How efficiently Does ABBYY manage your Collaboration?

How can ABBYY enhance your Product Marketing process?

How can ABBYY enhance your Engagement Management process?

11 buyers and buying teams have used Cuspera to assess how well ABBYY solved their business needs. Cuspera uses 746 insights from these buyers along with peer reviews, customer case studies, testimonials, expert blogs and vendor provided installation data to help you assess the fit for your specific business needs.

 

FinTrU - Financial Services - Financial Services

FinTrU used ABBYY Document AI to automate complex regulatory document workflows for global banks. Analysts previously spent hours reviewing thousands of long, inconsistent financial documents. With A...BBYY’s OCR and intelligent document processing, FinTrU’s TrU Label platform achieved a 99% first-time pass rate in compliance review and 96% document classification accuracy. Document processing efficiency improved by 40%, and manual data entry errors dropped by 40%. The solution also delivered 15% cost savings for FinTrU and its clients.

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Carlsberg Group - Consumer Goods - Consumer Goods

Carlsberg Group used ABBYY's intelligent document processing platform to automate order and delivery processes. Before ABBYY, staff manually entered order data from emails and delivery notes into SAP.... With ABBYY, Carlsberg achieved a 92% touchless order processing rate and saved over 140 hours per month. The automation improved team productivity and sped up customer deliveries. Carlsberg now has better visibility and control over its delivery process.

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Bapcor New Zealand - Automotive - Automotive

ABBYY IDP helped Bapcor New Zealand automate processing of 17,000 invoices each month. The solution removed overtime costs and reduced the need for extra staff. Bapcor now completes all reconciliatio...ns and pays customers on time. The AP team can see and fix process inefficiencies. Staff are happier and can focus on higher value work.

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Ashling - Information Technology And Services - Information Technology and Services

Ashling used ABBYY Vantage, SS&C Blue Prism, and GPT-4 Turbo to automate lease data extraction for a global fast-food franchise. The franchise needed to process 30,000 lease documents each year, extr...acting over 350 fields per week. Manual work by 25 outsourced employees was slow and error-prone. The new solution combined intelligent document processing, generative AI, and RPA. It achieved 82% accuracy in extracting data from complex, varied lease documents. This reduced manual review and improved compliance with FASB rules.

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DIS-Hordaland - Non Profit Organization Management - Non-Profit Organization Management

ABBYY FineReader helped DIS-Hordaland convert historical records into searchable digital data. Volunteers used the OCR software to scan and process documents, saving about 400 hours of manual work. T...he project finished in three months instead of up to a year. The online database saw 44,000 searches in its first two months. ABBYY FineReader made the process faster, easier, and more accurate for the team.

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Multinational snack food supplier - Food & Beverages - Food & Beverages

ABBYY’s intelligent document processing (IDP) platform helped a multinational snack food supplier automate invoice processing across 20 markets and 14 languages. The company faced challenges with sca...ling accounts payable and reducing manual work. ABBYY’s AI and machine learning improved invoice approval speed and accuracy. The solution enabled more invoices to go straight to ERP and reduced the need for extra staff. The platform also helped standardize AP processes and made tribal knowledge more accessible.

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Frequently Asked Questions(FAQ)

for ABBYY

What is ABBYY used for?

ABBYY is mainly used by its customers to Enter New Markets Internationally Or Locally and Launch New Products by Workflow Management, Contract Management and Collaboration .

What are the top features of ABBYY?

Capture information, Recording and Personalization are some of the top features of ABBYY.

Who uses ABBYY?

ABBYY is used by Legal Services, Government Administration and Insurance among other industries.

Where is ABBYY located?

ABBYY is headquartered at 880 North McCarthy Ranch Blvd., Suite #220, Milpitas, California 95035, US.
lightning

Peers used ABBYY for workflow management and contract management

ABBYY Features

  • Low
  • Medium
  • High
FEATURE RATINGS AND REVIEWS
AI Powered

4.76/5 ★

Read Reviews (48)
Analytics

4.83/5 ★

Read Reviews (75)
Custom Reports

4.61/5 ★

Read Reviews (50)
CAPABILITIES RATINGS AND REVIEWS
AI Powered

4.76/5 ★

Read Reviews (48)
Analytics

4.83/5 ★

Read Reviews (75)
Custom Reports

4.61/5 ★

Read Reviews (50)

Software Failure Risk Guidance

?

for ABBYY

Overall Risk Meter

Low Medium High

Top Failure Risks for ABBYY

ABBYY Europe GmbH News

Partnership

ABBYY IBM Red Hat Push Open Source AI Document Standard

ABBYY, IBM, and Red Hat have introduced DocLang, an open-source AI document standard, under the LF AI & Data Foundation. This initiative aims to unify document formats for AI readability, addressing issues with unstructured data like PDFs. DocLang, backed by the Linux Foundation, promotes interoperability and efficient AI processing. ABBYY showcased DocLang integration in its FineReader beta, highlighting its potential in AI data pipelines.

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Awards

ABBYY Celebrates 8th Consecutive Year as a Leader in Everest Group's ...

ABBYY has been recognized as a Leader in the Everest Group's Intelligent Document Processing (IDP) Products PEAK Matrix Assessment for the eighth consecutive year. This accolade highlights ABBYY's strength in AI-driven document processing solutions, including its low-code platform, ABBYY Vantage. The recognition underscores ABBYY's commitment to advancing document AI and supporting enterprise automation.

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Partnership

ABBYY and Tecala Partner to Bring AI AgentDriven Document Processing to Market

ABBYY and Tecala have formed a partnership to introduce AI agent-driven document processing solutions to the market. This collaboration aims to enhance document management efficiency through advanced automation technologies.

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Product

ABBYY secures 22 new patents to support the future of document AI

ABBYY has secured 22 new patents focused on advancing document AI technologies. These patents will enhance ABBYY's capabilities in intelligent automation and document processing, reinforcing its position in the AI-driven software market.

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ABBYY Europe GmbH Profile

Company Name

ABBYY Europe GmbH

Company Website

https://www.abbyy.com/en-us/

HQ Location

880 North McCarthy Ranch Blvd., Suite #220, Milpitas, California 95035, US

Employees

1001-5000

Social

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Financials

PRIVATE