Strategic Enhancement of ABBYY X M-Files Cooperative Venture

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ABBYY and M-Files Strengthen Collaborative Partnership to Accelerate Enterprise Digital Business Transformations

May 30, 2019

New ABBYY integrations bolster AI-powered intelligent information management solutions for joint customers

ABBYY, a global leader in enterprise content IQ, has announced a strengthened technology alliance with M-Files , the intelligent information management company, that will boost AI-driven document management offerings for shared customers.

ABBYY has become an M-Files Certified Application Partner (CAP) following the release of its FlexiCapture Connector for M-Files . The connector seamlessly integrates ABBYY’s intelligent data extraction and recognition capabilities with M-Files intelligent information management solution to fully automate end-to-end business solutions, like accounts payable invoice automation . The CAP program recognizes partners who have received certification and provides support and assistance to develop and market business applications leveraging the M-Files intelligent information management platform.

“Our enhanced partnership with M-Files is further evidence of the growing need for intelligent document processing solutions that enable business agility and support strategic digital transformation initiatives in enterprises,” commented Bruce Orcutt, senior vice president of product marketing at ABBYY. “We are honored to be recognized as a M-Files Certified Application Partner and look forward to an effective and long-term collaboration for the benefit of our joint customers.”

The strengthened alliance also makes it easier to integrate ABBYY’s Capture-as-a-Service functionality into M-Files, enabling users to take advantage of their classification, extraction, and transformation services at any point in a document’s lifecycle.

“We are proud of the continued expansion of our fast growing partnership with ABBYY, allowing us to enhance M-Files AI-driven solutions and services to improve business processes and customer experience,” said Michael Tanner, vice president of strategy and corporate development at M-Files. “Our close collaboration with ABBYY provides a renewed impetus to further leverage ABBYY’s best in breed solution for AI-driven intelligent document processing in our innovative intelligent information management platform.”

Additionally, M-Files will be able to leverage ABBYY’s Text Analytics for Contracts, a SaaS platform providing contract discovery and analytics in its Intelligent Information Management platform. ABBYY Text Analytics for Contracts integrates ABBYY’s powerful recognition, advanced linguistics, data capture and natural language processing capabilities to automatically identify and extract business intelligence from contracts and leases and speed up content migration and compliance .

“The partnership between ABBYY and M-Files has allowed us to leverage the respective technologies to streamline our invoice processes and better serve our suppliers.” said Angela Costa, transactional services manager, Probuild, a joint customer. “We use the ABBYY and M-Files solution to process thousands of invoices monthly and have been able to substantially reduce operating expenses, shorten processing times and facilitate user friendly search and retrieval of invoice documents.”

About ABBYY

ABBYY is a global leader in content IQ technologies and solutions. ABBYY offers a complete range of AI-based technologies and solutions transforming business documents and content into business value. The company’s AI-based digital transformation solutions help organizations achieve the next wave of growth. ABBYY technologies are used by thousands of enterprises, government organizations, SMBs, and 50 million individuals. ABBYY has offices in 11 countries and over 1,100 employees.

About M-Files

M-Files provides a next-generation intelligent information management platform that improves business performance by helping people find and use information more effectively. Unlike traditional enterprise content management (ECM) systems or content services platforms, M-Files unifies systems, data and content across the organization without disturbing existing systems and processes or requiring data migration. Using artificial intelligence (AI) technologies in its unique Intelligent Metadata Layer, M-Files breaks down silos by delivering an in-context experience for accessing and leveraging information that resides in any system and repository, including network folders, SharePoint, file sharing services, ECM systems, CRM, ERP and other business systems and repositories. Thousands of organizations in more than 100 countries use M-Files for managing their business information and processes, including NBC Universal, OMV, Rovio, SAS Institute and thyssenkrupp. For more information, visit www.m-files.com .

M-Files is a registered trademark of M-Files Corporation. Other product names mentioned herein may be trademarks and/or registered trademarks of their respective owners and are hereby recognized.

Editorial Contacts:

ABBYY

Gina Ray, APR

949-370-0941

[email protected]

M-Files

Danielle Calfo

10Fold for M-Files

708-927-0175

[email protected]

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