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ABBYY Blog Posts

Solving digital transformation challenges at ABBYY Technology Summit 2017

The 5th Annual ABBYY Technology Summit  kicks off at the Marriott Marquis San Diego Marina from  25th-27th October . Participants will have the opportunity to meet one-on-one with the engineers behind ABBYY industry leading technologies, network with powerful business leaders, and get hands-on experiences with optional training with the ABBYY technologies and solutions they need to solve their Digital Transformation challenges in 2017 and beyond. This year’s content-rich #ABBYYSummit17 event…

Innovation vs. commoditization: understanding millennials in banking & financial services

My generation of 2.5 billion millennials around the world will soon have the collective capacity to generate $1.4 trillion of purchasing power by 2025. There are 92 million millennials in America today, the biggest generation in US history, even more than the Baby Boomers. It’s obvious why banks and financial service institutions are keeping a sharp eye on the millennial demographic. “One of the largest generations in history is about…

Understanding the intrinsic value of documents

We have all done it. Spent ages looking for that one document, with the name of that guy from the company with a funny name.  Was it an email, a PowerPoint presentation or a PDF? Why do we search for documents in the first place?  Usually it is to discover what information resides inside the document. But if we already have the document, shouldn’t we already know what it contains?…

Overcoming and solving the challenges of data deluge in enterprises

According to McKinsey Global Institute, many large companies now store more data than the U.S. Library of Congress, but processing and understanding this increasing flood of incoming data in real-time is overwhelming business executives and government agencies around the globe. As the latest advances in technology put the value of data above all, many organizations now actively collect petabytes of data.  While data capture is important, the true value is…

Three companies share how intelligent capture transformed their claims processing

Despite the prevailing electronic exchange of information between healthcare payers and providers, a big portion of medical claims are still issued on paper and fax. Three forward-thinking companies took action. Using ABBYY FlexiCapture, they digitally transformed their claims processes to improve efficiencies in three common claims scenarios: paper, fax and EDI. Vision benefits provider eliminates paper Community Eye Care (CEC) is an organization that struggled with manually processing HCFA 1500…

Mobile-driven expense management as an accelerator for finance process automation

Automation is fast becoming a buzzword especially among knowledge workers who strive to minimize the need for manual labor in the accounts payable departments. It is easy to see why. Whether in large companies or in small companies and startups, expenses are an annoyance for both employers and employees. Today, up to 46 percent of businesses still depend on manual tools to manage expenses, according to T&E firm Certify. Among…