ABBYY
ABBYY extracts data from documents using AI: OCR and data extraction from invoices, IDs, and forms in over 200 languages.
ABBYY specializes in document AI: software that reads scanned papers, PDFs, and photos and extracts structured data from them. The company became known for its OCR software FineReader, but today its core product is the Vantage platform.
Typical use cases include automatically extracting data from incoming invoices and transferring it to an ERP system, verifying identity documents during customer onboarding, and capturing delivery notes. The engine also reads handwriting with surprising reliability. Its strength lies in its recognition quality across over 200 languages, developed from 35 years of OCR research.
Microsoft Syntex (now SharePoint Premium) is more affordable if you're already heavily invested in SharePoint, but it's less accurate with complex documents; simple extraction can now be handled by LLMs like Claude via API. ABBYY's weakness: enterprise pricing that only pays off with a significant document volume, plus the effort required to integrate it with your systems.
It's truly suitable for thousands of documents per month and high accuracy requirements, such as in accounting or logistics. For occasional documents, your accounting software's AI is sufficient.
Functions
- Text recognition in over 200 languages
- Over 35 years of experience in document processing
- Leading position in analyst rankings for Document AI
- No-code training: Business departments build their own extraction skills
- Scalable from desktop license to enterprise platform
Core Functions
- Text Recognition (OCR) for scanned documents and PDFs
- Automatic Data Extraction from invoices, orders, and forms
- Pre-trained Models for common document types in ABBYY Vantage
- FineReader for workplace PDF editing
- API Integration with RPA and workflow tools like UiPath
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