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 in search of methods to increase its conventional enterprise mannequin. A technique to try this is by teaming up with robotics course of automation firms like UIPath. As we speak, 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 gives the flexibility to drag 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 today. Simply two months in the past, it scored a $225 million Sequence C funding on a $three billion valuation. It was capable of 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] permits firms to deliver a degree of automation to legacy processes like accounts payable, worker onboarding, procurement and reconciliation with out truly having to exchange legacy techniques.”
Orcutt sees a pure connection to his firm’s workflow roots, bringing it right into a extra fashionable context. “RPA simplifies the person expertise. Abbyy brings content material and context,” he informed TechCrunch. He says that whereas they’re nonetheless doing OCR to scrape unstructured content material, it will probably do that in absolutely automated digital course of and UIPath can take that content material and transfer it by different components of an automatic workflow.
For Abbyy, UIPath is an enormous accomplice, but it surely’s a part of a broader technique to develop the corporate’s capabilities to RPA. He says they’re working with quite a lot of RPA distributors past UIPath and likewise with techniques 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 a major 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 specializing in what we will do the very best we will, they usually can deal with deserves of their platform. Abbyy can complement these capabilities.”