Intelligent Invoice Processing
That Delivers on Its Promises
Visibility, compliance, costs, performance.

Share of Respondents

Invoice volume and spend
continue to climb
80%

75%

68% 70%66% 66%
57%
49%
40%

That despite theavailability of accounts
payable automation,

40%

Increase in Invoice Volume2021 Q1

D I D YO U K N O W…

2021 Q2*IOFM, 2022 Benchmarking Report: Accounts Payable Performance

Increase in Invoice Spend
2021 Q3

2021 Q4

2022 Q1of companies surveyed
still struggle with invoice
capture. And invoice
volume only continues togrow year after year.*By now, mostorganizations are
painfully aware thatmanual invoiceprocessing is...
SLOWINEFFICIENTPRONE TO ERRORS…and gets in the way of CFO goals
to gain more control over cash flow,
provide accurate financial forecasting,and strengthen vendor relationships.

The need for visibility intoaccounts payable operations(not to mention efficiency andcontrol) is greater than ever.

Basic AP automation is no longer enough.
Today’s AP solutions need to be suitably
intelligent to handle all types of invoices:

100s of pages
Complex table structuresAny format
Any language
Country-specific tax andcompliance rules

And deliver results like…

400% 12% 30%

increase inemployee productivity

fewer latepayments

81%

91%

faster invoiceprocessing time

lower invoiceprocessing costs

less time responding
to inquiries

Today’s AP operations
need intelligent invoiceprocessing automation
with ABBYY Vantage
The industry’s first low-code /no-code intelligent document
processing platform. Vantage
offers pre-trained invoiceprocessing skills that makeintelligent invoice processing
automation available in minutes.

LOW- CO D E /N O - CO D E

PLU GGAB LE AI

PR E-TR AI N E D

ADAP T O N
TH E FLYFAST

Learn why the world’s leading
enterprises trust ABBYY

1.5B

Invoices processed
per year91%

Reduction in invoiceprocessing transaction costs

81%

Improvement in invoiceprocessing efficiency

ABBYY is arecognized market leader#1

IDP provider
globally

10Analyst firms name
ABBYY a Leader in IDP

6Analyst firms name ABBYY
a Leader in Process Mining

Drastic time savings in theinvoice processing cycle ofup to 90%

Touchless order processing
rate of 92%;

140+ hours savedper month21,000 +documents forprocessing

40,000pages in a mixof 5 languages

400,000

invoices processed;
9 minutes saved each

Saved millions
automating invoicing andpayments with ABBYY

“We can put this (IDP solution)in the hands of our team andwe are already up-scaling them.
We can really enable themto grow further.”
Doubled OCR accuracy rate:

40% increasein productivity

S PE E D U P O PE R ATI O N S

to take advantage of early payment
discounts.
R E D U C E TR A N SACTI O N COSTSby automating invoice processing
within minutes.
M I N I M I ZE R IS KS

with 99.5% accuracy and 95%
straight-through processing.

Take AP from cost…
to profit.
Learn more by visiting
ABBYY.COM© ABBYY 2023. ABBYY is a registered trademark or a trademark of ABBYY Development Inc. and/or its affiliates.
This designation can also be logo, product, or company name (or part of any of the above) of ABBYY Development Inc.
and/or its affiliates and may not be used without consent of their respective owners. All other product names
and trademarks mentioned herein are the property of their respective owners.. #15309