AUSTIN, Texas and LONDON
and MOSCOW, Sept. 19, 2018 /PRNewswire/ -- Blue Prism
(AIM: PRSM), the pioneer and market leader in Robotic Process
Automation (RPA), and ABBYY®, a global leader in content
intelligence solutions and services, today announced a strategic
partnership to integrate ABBYY's FlexiCapture solution with Blue
Prism's Digital Workforce – automating the process of turning
unstructured content into structured, actionable data for
enterprise users.
ABBYY's FlexiCapture™ content intelligence solution makes it
easy for enterprises to access, extract and validate data from
disparate documents – including purchase orders, invoices,
applications, bills of lading, and more – and use it within other
business processes. The integration with Blue Prism's Digital
Workforce automates those processes at unprecedented speed – as
well as giving enterprises better analysis of content for better
performance, document process transparency, and contributing to
improved customer experiences.
ABBYY also adds machine learning technologies that help Blue
Prism's Digital Workforce intelligently learn and improve over time
– along with the added benefits of better operational agility and
increasingly efficient processes.
With this integration Blue Prism customers can also take
advantage of ABBYY FlexiCapture for Invoices – a business-ready
invoice solution built on top of FlexiCapture that's pre-built with
all the business logic and learning capabilities required for
processing invoices and automating the capture of invoice data.
With FlexiCapture for Invoices, organizations can dramatically
increase the productivity of accounts payable processes, while
lowering costs.
"ABBYY and Blue Prism have been visionary leaders when it comes
to intelligent capture and RPA technologies, and together we
deliver very complementary solutions with the same goal of helping
organizations become more innovative and efficient with their
business processes," said Jupp Stoepetie, Chief Marketing Officer
at ABBYY. "As market leaders in our respective industries, we see
incredible synergies and customer demand for working more closely
together in offering the benefits of an integrated product
offering."
Both companies currently have several joint customers that now
have the ability to:
- Easily automate and analyze content-centric processes involving
images, documents, texts, and communications.
- Analyze and learn from content to make more informed
decisions.
- Incorporate machine learning to perpetually improve and
streamline business processes.
- Measure, sustain, and adapt digitized processes over time.
- Use cases include finance and accounting (invoices, purchase
orders, sales orders); logistics (customs declarations, proof of
delivery, bills of lading); financial services (mortgage lending,
opening accounts, trade confirmation); and insurance (claims,
policy administration, opening accounts).
Joint customers like Zurich,
the largest insurance company in Switzerland, indicated that, "ABBYY's ability
to extract content and intelligence from documents is a great
enabler to a successful RPA strategy," according to Steve McFadden, business partner/consultant,
enterprise transformation.
"ABBYY extracts meaning and value from unstructured data by
making it searchable, converts it to a usable format, preps the
content for processing and analytics – and then hands it over to a
Blue Prism Digital Worker for processing," said David Moss, Chief Technology Officer, Blue
Prism. "ABBYY is globally recognized for its innovation in
intelligent capture, and the combination of ABBYY technology and
Blue Prism RPA offers enterprises a deeper dive into data
extraction, using Intelligent Automation to handle complex and
content-centric processes."
RPA + Intelligent Capture: Access data, automate any
content-centric process
ABBYY FlexiCapture focuses on the
document, applying such Artificial Intelligence (AI) technologies
as optical character recognition (OCR), and machine learning
technologies to identify and classify content and extract data –
all while continuously learning from human input. ABBYY's data
extraction process includes support for recognizing machine print,
hand print, barcodes, and checkmarks.
Blue Prism complements the workplace with an elastic,
multi-faceted and multi-talented digital workforce, helping
organizations automate and scale business processes via AI, machine
learning, intelligent automation and sentiment analysis. This
workforce eliminates vendor lock-in by providing access to
best-of-breed AI technologies and Intelligent Automation skills
through a Technology Alliance Program (TAP), helping transform how
organizations use technology to achieve true operational
agility.
About Blue Prism
As the pioneer, innovator and market
leader in Robotic Process Automation (RPA), Blue Prism delivers the
world's most successful Digital Workforce. The company's
intelligent digital workers provide business leaders with new
operational capacity and intelligent skills to automate mission
critical business processes, while meeting the requirements of the
most demanding IT environments, where security, compliance and
scalability are paramount.
Blue Prism provides a scalable and robust execution platform for
best-of-breed AI and cognitive technologies and has emerged as the
trusted and secure RPA platform of choice for the Fortune
500. Billions of transactions and hundreds of millions of hours
of work are executed on Blue Prism software robots from renowned
companies including Aegon, BNY Mellon, Coca-Cola, Commerzbank, IBM,
ING, Maersk, Nokia, Nordea, Procter & Gamble, Raiffeisen Bank,
Siemens, Westpac and Zurich. For
more information about Blue Prism (AIM: PRSM),
visit www.blueprism.com and follow the company
on LinkedIn and Twitter.
About ABBYY
ABBYY is a global leader in content
intelligence solutions and services. ABBYY offers a complete range
of AI-based technologies and solutions transforming business
documents and content into business value. By providing digital
transformation solutions to financial services, insurance,
transportation, healthcare and other industries, the company helps
organizations achieve the next wave of growth by understanding
customers and delivering responsive real-time intelligent systems.
The flexibility of ABBYY AI solutions enables customers to utilize
a diverse range of advanced technologies, platforms and solutions
for classification, text analytics, data and entity extraction, and
data validation via any communication channel and in any format.
ABBYY technologies are used and licensed by some of the largest
international enterprises and government organizations, as well as
SMBs and individuals. The company maintains offices in Australia, Canada, Cyprus, France, Germany, Japan, Russia, Spain, Taiwan, UAE, the UK, Ukraine, and the
United States. For more information, please visit
www.abbyy.com/company.
ABBYY and the ABBYY Logo are either registered trademarks or
trademarks of ABBYY Software Ltd. Other product names mentioned
herein may be trademarks and/or registered trademarks of their
respective owners and are hereby recognized.
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SOURCE Blue Prism