TEL AVIV, Israel, Dec. 12, 2017 /PRNewswire/ -- Today, Kryon
Systems, a global provider of intelligent Robotic Process
Automation (RPA) solutions, announced the integration of ABBYY's
FlexiCapture solution into Kryon Systems' Leo RPA platform in order
to provide
a single platform for document automation.
This integration will offer businesses best-in-class RPA
services that include the ability to parse unstructured data for
invoice and purchase order processing.
Digital transformation is leading companies to turn to
automation technologies in order to reduce errors, increase
efficiency and boost profits across the enterprise. Kryon Systems'
RPA solution provides a workforce of "digital employees" onto whom
crucial yet repetitive and time-consuming processes can be
offloaded, enabling employees to devote more attention to higher
value tasks that more directly contribute to the core mission of
the company. Traditionally, unstructured documents such as invoices
and purchase orders, which lack standardized formats and are
submitted as PDFs or scanned documents that cannot be edited, have
posed an obstacle to automation efforts. By leveraging ABBYY, whose
market-leading AI-powered document automation technology transforms
unstructured documents into standardized files and alerts the
relevant party when it is unable to do so, Kryon Systems is
removing the hurdle which previously prevented the automation of
these processes.
"The needs of enterprises are evolving all the time, and we are
constantly expanding the capabilities of our RPA platform to ensure
that we provide a one-stop-shop automation solution for companies,
no matter what processes they are seeking to optimize," said
Harel Tayeb, CEO of Kryon Systems.
"Our new partnership with ABBYY allows us to help companies
transcend the problem that unstructured invoices and purchase order
forms cause by simply removing a substantial amount of
time-consuming tasks from their employees' workloads so they can
focus on higher value assignments."
"We are delighted to be able to complement Kryon RPA with our
FlexiCapture platform and extend the automation capabilities of
Kryon into document-based business processes. Together, we look
forward to helping clients address a full range of business process
automation projects, from simple data entry, to more complex case
automation," said Bruce Orcutt, SVP
for Product Marketing at ABBYY.
ABBYY's FlexiCapture platform is unique in being able to handle
documents of any format, layout and structure thanks to its
in-built, proprietary machine learning and natural language
processing technology.
Invoices, which vary by supplier, are automatically read and
processed, providing all necessary data to Kryon Systems' Leo
platform to execute the remainder of the process – checking and
approval procedures, and posting to ERP systems for payment. Used
in combination, both platforms automate and streamline document
processes, driving operational efficiencies, reducing unnecessary
costs and freeing up staff to focus on value-adding financial
activities.
About Kryon Systems
Kryon Systems delivers innovative, intelligent Robotic Process
Automation (RPA) solutions empowering companies to transcend the
processes which consume their most valuable resource - time. While
other RPA vendors provide tools that focus solely on automating
repetitive process-oriented tasks, Kryon aims for a complete and
lasting solution, ultimately removing these tasks entirely from the
day-to-day workflow of enterprises. Using patented visual and deep
learning technologies, Kryon's RPA enables companies to discover
the innovators and creators amongst them by reducing the noise,
complexity, errors and wasted time which go hand in hand with
process execution. Kryon's intelligent RPA is changing the reality
of today's process-focused business world by offloading the
repetitive, soul-crushing processes to a digital workforce not only
for the increased productivity, reduced error rates, and lower
operating costs, but also so that companies can focus on what they
want to be - creative, imaginative, revolutionary, and with greater
revenue. Learn more about Kryon Systems and the numerous Fortune
500 organizations already benefiting from its products at
www.kryonsystems.com.
About ABBYY
ABBYY is a global leader in intelligent
capture driving innovation in the areas of meaningful insights,
data, and relationships to improve business outcomes. ABBYY offers
a complete range of AI-based technologies and solutions
transforming business documents and content into business value. By
providing digital transformation solutions to financial services,
insurance, transportation, healthcare and other industries, the
company helps organizations achieve the next wave of growth by
understanding customers and delivering responsive real-time
intelligent systems. The flexibility of ABBYY AI solutions enables
customers to utilize a diverse range of advanced technologies,
platforms and solutions for classification, text analytics, data
and entity extraction, and data validation via any communication
channel and in any format. ABBYY technologies are used and licensed
by some of the largest international enterprises and government
organizations, as well as SMBs and individuals. The company
maintains offices in Australia,
Canada, Cyprus, France, Germany, Japan, Russia, Spain, Taiwan, UAE, the UK, Ukraine, and the
United States. For more information, please
visit www.abbyy.com/company.
ABBYY and the ABBYY Logo are either registered trademarks or
trademarks of ABBYY Software Ltd. Other product names mentioned
herein may be trademarks and/or registered trademarks of their
respective owners and are hereby recognized.
Kryon Systems Contact:
Raanan
Loew
+1-347-897-9276
Raanan@headline-media.com
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SOURCE Kryon Systems