Kryon boosts robotic automation with ABBYY FlexiCapture

Kryon, an Israeli provider of intelligent Robotic Process Automation (RPA) solutions, has integrated ABBYY's FlexiCapture solution into its Leo RPA platform in order to provide a single platform for document automation.

This integration will offer businesses 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's 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 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.

"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."

ABBYY's FlexiCapture platform is 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.