Abbyy has been round for a very long time serving to firms with scanning and workflow instruments, however like many older distributors it has been on the lookout for methods to increase its conventional enterprise mannequin. One means to try this is by teaming up with robotics course of automation firms like UIPath. Today, the corporate introduced it has launched the Abbyy FlexiCapture Connector within the UiPath Go! App retailer.
Bruce Orcutt, senior vp for product advertising and marketing at Abbyy says the connector supplies the flexibility to tug content material into UIPath or to take Abbyy content material and push it to a different a part of the automated workflow in UIPath.
UIPath is on a tear lately. Just two months in the past, it scored a $225 million Series C funding on a $three billion valuation. It was in a position to develop from $1 million to $100 million in annual recurring income in simply 21 months. As I wrote at the time of the funding, “[UIPath] allows companies to bring a level of automation to legacy processes like accounts payable, employee onboarding, procurement and reconciliation without actually having to replace legacy systems.”
Orcutt sees a pure connection to his firm’s workflow roots, bringing it right into a extra trendy context. “RPA simplifies the user experience. Abbyy brings content and context,” he advised TechCrunch. He says that whereas they’re nonetheless doing OCR to scrape unstructured content material, it may well do that in totally automated digital course of and UIPath can take that content material and transfer it by way of different components of an automatic workflow.
For Abbyy, UIPath is an enormous companion, however it’s a part of a broader technique to increase the corporate’s capabilities to RPA. He says they’re working with a wide range of RPA distributors past UIPath and likewise with methods integrators as they give the impression of being to breathe new life into the corporate’s model and merchandise.
Orcutt says that is a part of vital focus and funding on the a part of the corporate. RPA is clearly a pure match for Abbyy, however he wasn’t prepared to take a position on any deeper partnership. “We’re focusing on what we can do the best we can, and they can focus on merits of their platform. Abbyy can compliment those capabilities.”