ABBYY Positioned a Leader for the 7th Time in Everest Group’s Intelligent Document Processing (IDP) Products PEAK Matrix® Assessment 2025

For the seventh year in a row, ABBYY is recognized as a Leader in Everest Group’s Intelligent Document Processing (IDP) and Banking and Financial Services (BFS)-specific IDP Products PEAK Matrix® Assessment 2025. With businesses facing increasing pressure to reliably automate document-centric processes to reduce costs and improve efficiency, the IDP Products PEAK Matrix® Assessment provides expert analysis of IDP offerings including those specific to the banking and financial services (BFS) industry.

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Everest Group’s comprehensive IDP PEAK Matrix® Assessment 2025 evaluates the market impact, vision, and capabilities of IDP technology providers, identifying industry leaders that demonstrate excellence in innovation, strategy, and implementation. The 2025 assessment highlights ABBYY IDP solutions’ capability to “integrate and optimize multiple AI models, ensuring efficient outcomes while minimizing resource use at each stage of the document processing pipeline,” specifically recognizing the ability to integrate quality analytics and business process reporting capabilities with PowerBI and/or ABBYY Timeline to improve understanding of document process performance.

Vaibhav Bansal, VP at Everest Group, commented, “Our latest assessment acknowledges the ABBYY platform’s use of generative AI to enhance software learning and training, such as the multi-modal Phoenix 1.0 model’s combination of advanced image and text analysis and zero-shot key-value pair extraction capabilities. Additionally, ABBYY is among the top technology providers by IDP software revenue across major industry-specific business processes for healthcare, banking, government sector and insurance, supported by its online marketplace, Skills Catalog, and 150+ pre-packaged OOTB solutions for use cases across industries and business functions.”

ABBYY’s portfolio of Document AI and IDP solutions has integrated with generative AI and business-critical systems to achieve transformative results such as:

• 82% accurate data extraction from over 30 thousand commercial lease documents processed annually
• 40% reduction in manual data entry errors and 35% reduction in cost across several document-driven processes
• 99% straight-through processing to accelerate delivery of goods to market by 95%

“Increased use of large language models and agentic AI in IDP have shifted the conversation from just data extraction to driving insights and automation at a scale we’ve never seen before,” said Bruce Orcutt, Chief Marketing Officer at ABBYY. “Generative AI is opening the door to entirely new IDP use cases, but delivering lasting business value requires consistent and high-quality data. With ABBYY’s globally expanding AI research initiatives and innovation in developer-friendly tools for document automation, we look forward to continuing leading the industry in enabling data-driven operational excellence and solving customers’ most central document challenges.”

The Banking and Financial Services (BFS)-specific IDP Products PEAK Matrix® analyzes IDP providers with capabilities specific to the BFS industry, helping financial institutions to identify the right IDP technology to enable operational excellence for their organization in highly regulated contexts. ABBYY was also recognized as a Leader among BFS-specific IDP vendors, recognized for delivering accuracy, scalability and value with cutting-edge document AI. Through next-gen IDP solutions like ABBYY Vantage, ABBYY equips companies to process diverse document types with 99% accuracy out of the box, deliver seamless customer experiences for mobile onboarding trusted by 14 of the top 20 global banks, and enable monitoring of 100% of document-centric processes.

To read the full report, visit https://www.abbyy.com/resources/report/everest-group-idp-leader-2025/?utm_source=pressrelease&utm_medium=wiredistribution&utm_campaign=peak_matrix_2025.

About ABBYY

ABBYY puts your information to work with purpose-built AI. We combine innovation and experience to transform data from business-critical documents into intelligent actionable outcomes in over 200 languages in real time. We are trusted by more than 10,000 companies globally, including many of the Fortune 500, to drive significant impact where it matters most: accelerate the customer experience, operational excellence, and competitive advantage. ABBYY is a global company with headquarters in Austin, Texas and offices in 13 countries, and is the Official Intelligent Automation Partner of Arsenal Women Football Club. For more information, visit www.abbyy.com/company and follow us on LinkedIn, X, Facebook, and Instagram.

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Disclaimer

Licensed extracts taken from Everest Group’s PEAK Matrix® Reports, may be used by licensed third parties for use in their own marketing and promotional activities and collateral. Selected extracts from Everest Group’s PEAK Matrix® reports do not necessarily provide the full context of our research and analysis. All research and analysis conducted by Everest Group’s analysts and included in Everest Group’s PEAK Matrix® reports is independent and no organization has paid a fee to be featured or to influence their ranking. To access the complete research and to learn more about our methodology, please visit Everest Group PEAK Matrix® Reports.

About Everest Group

Everest Group is a leading global research firm helping business leaders make confident decisions. Everest Group's PEAK Matrix® assessments provide the analysis and insights enterprises need to make critical selection decisions about global services providers, locations, and products and solutions within various market segments. Likewise, providers of these services, products, and solutions, look to the PEAK Matrix® to gauge and calibrate their offerings against others in the industry or market. Find further details and in-depth content at www.everestgrp.com.

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