ABBYY Included in the Top 100 Software Companies of 2024 by The Software Report

Each year The Software Report recognizes 100 companies making a significant impact on the software industry, evaluating nominees through in-depth research on factors like product functionality, customer satisfaction, and innovation.

ABBYY is proud to be included among the Top 100 Software Companies of 2024, recognized for its leadership in purpose-built AI and enablement of transformational efficiency gains for enterprises.

The fifth annual edition of The Software Report’s list highlights ABBYY’s impact on businesses’ ability to solve key operational challenges with leading solutions in intelligent document processing (IDP) and process intelligence, rising above the hype by empowering data-driven decisions and strategies for greater efficiency.

 

 

This impact has been demonstrated across various industries and use cases. For example, ABBYY lDP aided automotive equipment and services provider Bapcor New Zealand in automating accounts payable processes for an overwhelming 17,000 invoices a month, reducing manual work, overtime costs, and other inefficiencies.

Even for use cases of high complexity, ABBYYY delivers on the promise of high levels of autonomy without sacrificing accuracy. Reveal Group integrated ABBYY IDP with GPT-4 Turbo and SS&C Blue Prism to extract over 350 fields from 30 thousand documents annually with 82% accuracy, also streamlining manual review and correction by human users and enabling continuous improvement over time through machine learning.

The ABBYY Marketplace plays a pivotal role in ensuring this accuracy and meeting enterprises’ demand for high-quality data to drive success with AI, providing a wide selection of pre-built AI assets that enhance and extend the capabilities of ABBYY’s IDP platform. With assets contributed both by ABBYY and its robust network of partners, the Marketplace epitomizes the purpose-built approach to AI and has received recent recognition from KMWorld as a trend-setting product.

ABBYY’s leadership in AI innovation doesn’t just raise the bottom line for businesses – it also improves the customer’s experience. Global Fortune 500 manufacturing company Emerson was able to continuously and confidently improve their customer journey using the end-to-end visibility granted by ABBYY process intelligence, allowing them to identify the right opportunities for automation and assess proposed process improvements before investing fully in their implementation.

The Software Report’s inclusion of ABBYY in their annual list reaffirms ABBYY’s position as the leading innovator in purpose-built AI for intelligent automation. As global businesses continue to prioritize high-quality data to drive success in their innovation strategies, ABBYY provides specialized solutions to enable operational excellence, optimize outcomes and accelerate ROI. 

As 2024 nears its end, ABBYY is excited to continue its innovative impact on the enterprise software industry into the future. ABBYY recently debuted ABBYY Ascend, its flagship virtual launch event series where attendees are given a first look at the latest advancements and innovations in ABBYY solutions and capabilities. Held in October 2024, the first edition of Ascend revealed insights, offered demos, and unveiled new technologies that will simplify businesses’ success through purpose-built AI.

Watch the full recording here: https://www.abbyy.com/abbyy-ascend/2024/  

Visit The Software Report to find the full list recognized companies: https://www.kmworld.com/Articles/Editorial/Features/KMWorld-Trend-Setting-Products-of-2024-165019.aspx