Background -

• ABBYY, renowned for its purpose-built AI solutions in intelligent automation, recently announced that Nagarro (a digital product engineering leader assisting clients in becoming digital-first and absolute human-centric entities), has enhanced its invoice processing lifecycle by integrating ‘ABBYY Vantage’ into its global SAP unit’s ‘Invoice Scanner for SAP S/4HANA®’.
• ABBYY Vantage, an industry recognised Intelligent Document Processing (IDP) platform, has transformed enterprise document process automation by introducing a low-code/no-code environment empowered with AI capabilities for emulating human-like document comprehension with required nuance. Equipped with pre-trained AI extraction models, Vantage efficiently processes structured, unstructured, and semi-structured documents with remarkable accuracy. Consequently, Vantage facilitates the automation of manual tasks associated with data capture and extraction, leading to enhanced precision and efficiency, while seamlessly integrating with leading intelligent automation systems like SAP, and such others.
• Being confronted with the complexities and the tedious nature of manual invoice handling, Nagarro sought an intelligent automation solution which was capable of processing thousands of invoices annually, across its global invoicing management system spanning multiple countries throughout the globe.

Analysis -

• It's safe to say that, through the ABBYY Vantage, Nagarro has effectively revolutionized its operational excellence in invoice management. Customers would now be able to gain deeper insights into the precise cost savings achieved with the usage of the ‘Invoice Scanner’ in comparison to the other ordinary and conventional manual methods. This would lead to substantial reduction in the processing time (by more than half of the current count) along with a significant enhancement in the accuracy as well.
• This dedicated implementation of the Vantage underscores ABBYY's dedication to enhancing efficiency and fostering innovation in mission-critical business processes. Since adopting ABBYY Vantage, Nagarro has consistently experienced significant enhancements, particularly in the browser user interface and scanning results, demonstrating Vantage’s pivotal role in document processing improvement, saving valuable time and resources.
• The Nagarro Invoice Scanner efficiently processes PDF invoices, automatically transferring data into SAP S/4HANA. This enables Nagarro and its customers to make informed decisions swiftly, promptly optimize cash flows, and ensure sustained reliability. The solution not only provides end-to-end transparency in terms of the cost savings made possible due to the usage of ‘Invoice Scanner’ compared to the manual methods, but also accelerates processing times while enhancing accuracy. Consequently, it is safe to say that the ABBYY Vantage has redefined overall operational excellence in invoice management for Nagarro.
• By equipping organizations like Nagarro with purpose-built AI and facilitating substantial operational enhancements, it is evidently visible that ABBYY is continuing to set quality industry benchmarks, thus propelling the next generation of digital transformation initiatives and execution forward.

Author: Apoorva Dawalbhakta, Associate Director (Research) at Quadrant Knowledge Solutions