ABBYY’s Intelligent Document Processing (IDP) solution Vantage wins “Best Intelligent Document Processing Solution” in the 7th annual AI Breakthrough Awards. The annual AI Breakthrough Awards recognize the world’s most innovative companies, technologies and products in the AI industry.
ABBYY, a leading provider of intelligent process automation solutions, announced on June 26, 2024, that Vantage, its Intelligent Document Processing (IDP) solution, has won “Best Intelligent Document Processing Solution” in the 2024 AI Breakthrough Awards by marketing intelligence organization AI Breakthrough.
Steve Johansson, managing director at AI Breakthrough, explained why ABBYY Vantage was selected as the best IDP solution: “Vantage empowers developers and business users to easily train AI models for specific needs. Documents – from invoices to claims processing to logistics – are at the heart of businesses’ core processes. Relying on employees to manually enter this data is error-prone, inefficient, expensive, and can result in employee burnout, ultimately damaging customer experience. The Vantage platform makes today’s digital worker and processes smarter and empowers the new citizen developer to accelerate digital transformation initiatives and expand automation to new processes in a fast and simple way, making an immediate impact on business results and customer experience.”
Just over a month ago, ABBYY announced the redesign of its Marketplace, which consists of an extensive library of AI document capabilities to simplify deployment and meet the growing demand from organizations for the high-quality data required to effectively leverage large language models (LLMs). In addition, ABBYY now also supports the use of Retrieval-Augmented Generation (RAG) systems with ABBYY Vantage, its Intelligent Document Processing (IDP) solution.
Headquartered in Milpitas, California, ABBYY puts information to work with purpose-built AI. To this end, ABBYY offers a wide range of intelligent process automation solutions, including Process Intelligence, Accounts Payable automation and ABBYY Vantage, its Intelligent Document Processing (IDP) platform.
You can find the full press release here.
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