Case Study: Serimag achieves rapid ICO financial-aid delivery to companies during the pandemic with ABBYY intelligent automation

Serimag Enables Banks to Deliver Financial Aid from ICO Faster to Companies during Pandemic Thanks to ABBYY

Serimag, a leading process automation company for Spain’s banking sector, was engaged by major banks to manage complex supporting documents for ICO loan requests from companies hit by COVID-19. Faced with more than 5 million documents (20 million pages) and daily peaks over 100,000, Serimag needed a reliable, high-speed, and accurate way to extract text and data to ensure timely access to financing.

Serimag integrated ABBYY’s intelligent automation into its TAAD intelligent document processing service to quickly and accurately capture required information across diverse document formats. The solution cut processing times, achieved over 75% automation, supported SLA accuracy above 99%, was deployed in under six weeks, and helped banks deliver financial aid faster during the pandemic.

Serimag