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Category: Business trends

The inflection point. When companies make improvement changes in accounts payable

One of the most rewarding aspects of my work is being able to talk with organizational leaders about how, when and why they decide to improve their business processes. And while no two companies or situations are the same, overarching trends come to surface—trends that can provide valuable insight to decision makers at other organizations who may be nearing their own inflection point.  By Daneen Storc, Senior Product Marketing Manager at ABBYY. Awareness…

Innovation developers choose ABBYY SDKs powered by Machine Learning & AI

Leading innovative software developers are working to incorporate advanced Optical Character Recognition (OCR) and data capture into their applications and solutions to tackle the problems of today’s global digital transformation disruption. Whether it’s mobile, cloud, on-site or in hybrid environments, ABBYY has always provided developers the proven toolsets necessary to accurately capture and extract critical information on-demand, from virtually anywhere in the world. Traditional ABBYY OCR technologies still play a…

Three reasons digital transformation initiatives are stunted

We’ve seen how digital transformation can disrupt an industry. Think of Blockbuster Entertainment’s physical stores vs. digital streaming on Netflix, and taxi services vs. Uber’s ridesharing app. From a B2B standpoint we saw the move from on-premise CRM applications like Oracle and Siebel to cloud-CRM Salesforce.com, or dedicated corporate data centers moving to Amazon, Google and Microsoft public and hybrid cloud hosting. According to IDC, by the end of 2017…

How much automation can finance processes achieve?

Despite noticeable efforts by enterprises to automate their work processes, tasks such as entering invoices and orders into financial systems are surprisingly often based on manual, error-strewn data-entry methods. However, organizations need quick and easy access to information, paired with a high degree of process automation to be able to innovate and keep pace with the competition. Automating finance processes brings an array of benefits to businesses. With data-capture driven…