ABBYY’s IDP platform improves Nagarro’s invoice processing

Vantage, ABBYY’s Intelligent Document Processing (IDP) platform, is driving Nagarro’s operational excellence by transforming the global software development and consulting company’s invoice management and processing system.

ABBYY, a leading provider of intelligent process automation solutions, announced April 9 that ABBYY Vantage, its Intelligent Document Processing (IDP) solution, has improved the invoice processing lifecycle of global engineering and consulting firm Nagarro. According to the IDP provider, Nagarro was able to reduce invoice processing time by 60% with ABBYY Vantage.

With ABBYY Vantage, Nagarro’s Invoice Scanner can now scan invoices received via PDF and then automatically transfer the data into SAP S/4HANA. This helps Nagarro and its customers make informed decisions faster and optimize cash flow without compromising reliability.

Neil Murphy, Chief Sales Officer at ABBYY, commented: “We’re honored to be a part of Nagarro’s digital journey. With ABBYY Vantage, Nagarro has redefined operational excellence in invoice management. Our commitment is unwavering—to deliver solutions that go beyond expectations, driving tangible business growth for our valued customers. This successful implementation underscores ABBYY’s commitment to driving efficiency and innovation in business-critical processes.”

Ulrich Winter, Head of Application Development at Nagarro, explained: “Since adopting ABBYY Vantage, we’ve seen remarkable improvements. The improved browser user interface and very good scanning results have significantly improved our document processing, saving time and resources.”

Two months ago, ABBYY reported a 60% increase in new annual recurring revenue (ARR) in 2023 for ABBYY Vantage.

Headquartered in Milpitas, California, ABBYY offers a wide range of intelligent process automation solutions, including Process Intelligence, Accounts Payable automation and Intelligent Document Processing (IDP).

You can find the full press release here.

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