PwC and ABBYY to deliver digital intelligence solutions in India

09 October 2019 3 min. read
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PwC India has signed a joint business relationship agreement with global Digital IQ developer ABBYY, which allows the Big Four accounting and advisory firm to integrate ABBYY products within its operation centres across India. The exact facilities where the new technology will be applied are yet to be disclosed.

ABBYY is a California-based digital solutions firm that develops process intelligence technology. Through a combination of automation, cognitive intelligence, and business intelligence, the firm works on enhancing various operational processes during its clients’ digital transformation journey.

Specific solutions developed by ABBYY include: automated invoice processing technology, which optimises payment systems; Content IQ for robotic process automation (RPA), which allows organisations to ‘understand and create meaning from enterprise content’; and Mobile Capture technology, which facilitates the transfer of information from documents to the digital sphere via mobile devices.

PwC will now use ABBYY products in some of its facilities across India, and will also have access to the technology to train some of its personnel. For clients that tap the duo, ABBYY will deliver the digital foundation for transformation and automation, while PwC will contribute its consulting experience and industry expertise.

PwC and ABBYY to deliver digital intelligence solutions in India

The pair already have collaborative arrangements in other markets across the globe, and have decided to bring this arrangement to the Indian market, where the demand for RPA and intelligent automation technology is steadily on the way up. PwC’s Big Four rival EY has recently bolstered its own RPA capabilities in India to meet market needs.

Other firms outside of the Big Four have also been bolstering their RPA capabilities, pushing PwC to up the ante in India. The firm released a report last year that detailed the tremendous value that artificial intelligence and automation could bring to the Indian market over the next few years.

Commenting on the new arrangement, PwC India’s Partner & Leader for Intelligent Automation Sumit Srivastav said, “We are excited about this partnership that will allow us to leverage ABBYY’s document capture and optical character recognition technological expertise and provide our clients advanced automation implementations. This will help us expand our automation capability and in providing innovative and faster automation solutions to our clients.”

Neil Murphy, Vice President of Global Business Development at ABBYY added, “We are pleased to have reached a mutually beneficial agreement that is designed to help customers accelerate the speed of their automation projects and optimise their business processes leveraging best-in-class technologies. Working with PwC in India will broaden the scope of the services that we both offer to our clients and opens the possibility to work on larger transactions on a truly global scale.”