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ABBYY and Winshuttle Champion Automated Invoice Processing

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ABBYY FlexiCapture for Invoices, one of the digital intelligence company ABBYY’s key products, offers a quick and easy start to automated invoice processing minus the long and cost-intensive deployment cycle. 

ABBYY, a recognised leader in intelligent document processing by Everest Group, continues to innovate and expand its digital presence following its major activities in 2019 such as the acquisition of the AI start-up TimelinePI and the opening of its regional office in Hong Kong. Now, ABBYY has partnered with Winshuttle, the leader in data management and process automation software, to streamline enterprises’ financial processes and deliver automated invoice processing.

ABBYY and Winshuttle aim to help organisations deliver on their digital transformation go-live projects that involve extracting data from physical documents and loading it automatically into SAP. The collaboration intends to streamline and automate SAP invoice processing as well as reduce the costs of running financial systems with intelligent solutions like the ABBYY FlexiCapture for Invoices.

Integrating Solutions

The partnership will leverage ABBYY FlexiCapture for Invoices together with Winshuttle’s data management tools for the thousands of global enterprises using SAP to run their financial systems. FlexiCapture for Invoices is a turnkey invoice-capture application that reduces inefficiencies, errors, and costs associated with manual invoice processing by eliminating data entry and the physical handling of paper. 

In unison, FlexiCapture for Invoices facilitates the early capture of invoices, centralised extraction, and validation of data while Winshuttle’s data management tools process the PO-based invoices straight through.

Kristian Kalsing, VP Products and Solutions at Winshuttle, shared how the integration of solutions from ABBYY and Winshuttle can streamline and automate SAP invoice processing, one of the most critical processes in an organisation. Kalsing explained:

“Customers will now have a solution with ABBYY FlexiCapture for Invoices on the front-end to capture, sort, extract and validate the data and Winshuttle on the back end to collect, prepare and post single or batch invoices into SAP – all while adhering to SAP security and rules.”

Bruce Orcutt, SVP of Product Marketing at ABBYY, emphasised the importance of unlocking key information within business documents that are necessary for SAP systems to process. He said:

“ABBYY’s Content Intelligence technology and solutions provide the cognitive skills required to assist in automating content-centric processes.”

“Our partnership with Winshuttle will be instrumental to customers who are processing documents and need to post it securely into SAP,” Orcutt added.

About ABBYY

ABBYY, a global leader in Content IQ technologies and solutions, provides AI-based technologies and solutions to financial services, insurance, transportation, healthcare, and other industries transforming business documents and content into business value. It has over 1,300 employees across its offices in Australia, Cyprus, France, Germany, Hong Kong, Japan, Russia, Spain, Taiwan, the UK, Ukraine, and the United States.

Having a strong presence in the Asia-Pacific markets, ABBY works closely with large system integrators such as Fuji Xerox Hong Kong, Nikoyo (HK) Ltd., and Tech Mahindra.

About Winshuttle

Winshuttle, an SAP partner, is known as the provider of industry-leading EnterWorks Master Data Management (MDM) and Product Information Management (PIM) solutions. The company takes pride in its flexible no-code, low-code software that empowers over 2,400 organisations worldwide to drive business results at scale, increase agility, and transform digital into a competitive advantage.

Headquartered in Washington, Winshuttle maintains offices in North America, Europe, Latin America, and the Asia Pacific.

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