Enterprise Capture leader ABBYY is moving up the enterprise software food chain with the announcement it will acquire US startup TimelinePI. TimelinePI provides a process intelligence platform designed to empower users to understand, monitor and optimize any business process.

TimelinePI says it can connect and extract data from practically any system used in the running an organisation whether Legacy Systems, Packaged Applications (ERP, CRM, HCM, etc), Trading Partners, Databases/EDW/Marts.

The platform is designed specifically to aggregate and reassemble the breadcrumb trails left behind in the audit logs of transactions executed by any software application. It then uses these to understand the impact and effectiveness of business processes and identify opportunities for productivity gains from digital transformation investments.

The global process analytics market size is expected to grow to $US1,421.7 million by 2023 according to Research and Markets.

“Organizations are focused on digital intelligence to impact process, patient, business and customer outcomes. Process intelligence is required to truly understand the operational effectiveness of business processes and how well they support a business strategy,” said Ulf Persson, CEO at ABBYY.

“With TimelinePI, ABBYY will have the most comprehensive process intelligence platform for empowering companies to go beyond traditional text analytics and process mining to achieve true digital intelligence. With ABBYY’s advanced content analysis and natural language processing, the TimelinePI technology will achieve operational insights not available with traditional process mining tools.”

The patent-pending Timeline Analysis approach is claimed to be unique in its ability to handle the full range of business process types – from highly structured to ad hoc.

“Critical factors driving the success or failure of digital transformation projects include having a detailed understanding of an organization’s business processes,” said Scott Opitz, president and CEO of TimelinePI.

“By gaining ABBYY’s deep understanding of content we are able to open a treasure trove of data to strengthen our offering and give companies the edge they need to operate more efficiently. We are excited to be joining ABBYY, combining our process mining, monitoring and predictive analytics capabilities with ABBYY’s rich Content IQ portfolio to enable our customers to achieve true process intelligence.”

Upon completion of the transaction, ABBYY will continue to market and enhance the TimelinePI platform and offering to customers both separately and as part of new solution bundles as an extension of ABBYY’s current and future products.

Contact ABBYY at sales@abbyy.com.au or on  (02) 9004 7401 for any further information.