[Webinar Slides] Put an End to Manual Data Processing AIIM International
This document summarizes a presentation on putting an end to manual data processing. It introduces the speaker, George Dunn, president of Cre8 Independent Consultants. Dunn has extensive experience in business process improvement, workflow, and paperless technologies planning. The presentation addresses challenges with manual processes, including providing poor customer service and errors. It also discusses challenges to removing paper, such as staff resistance to change and a lack of management initiatives. The presentation argues for developing an enterprise-level business case and mandates to support process improvements and deployment of new technologies.
Four key challenges in the financial sectorSally Hunt
The document discusses four key challenges facing financial services organizations: 1) Meeting demand for improved customer service by giving staff immediate access to customer information to resolve issues faster, 2) Meeting stringent compliance demands by establishing secure procedures to avoid data breaches and loss, 3) Driving efficiency and cost reduction by digitizing paper documents to gain space and increase productivity, and 4) Making the best use of new technology by digitizing information to achieve real-time access and agility. The document promotes smart information management solutions like scanning and secure offsite storage of digital records to help financial organizations address these challenges.
Is Your Business at Risk? Document Management Facts & Aspects - Whitepaper By...Jone Smith
The document discusses three key aspects of document management: the risks of inefficient document management, how outsourcing can provide high returns, and best practices for outsourcing. It notes that paper documents are prone to failures like being misfiled, lost, or damaged, and that inefficient in-house processes limit decision-making and increase costs and liability risks. Outsourcing to experts can improve processes, accelerate change, and provide cost-effective access to new technologies. However, the best approach is to outsource less complex processes first before more complex ones, and to consider a shared risk/reward model between the organization and provider. Case studies demonstrate how outsourcing improved processing volumes, costs, compliance and customer satisfaction for various
Guest speaker Cheryl McKinnon from Forrester and Captricity Founder and CEO Kuang Chen talk about how leading insurers leverage new technology to automate critical business processes.
The document describes a digital pen system from Progressare that can capture healthcare data from paper forms, link to electronic medical records and databases, and provide over 90% accurate character recognition. Progressare offers consulting services and has over 20 years of experience in healthcare data capture and management to help organizations improve workflows and information processing. The system aims to reduce costs and errors associated with paper-based processes through a digital solution that maintains existing workflows.
Insurance Organizations Need Access to Good Data Before They Can Benefit from...Captricity
Discover how leading insurers including New York Life are scaling data capture and automated digitization capabilities across their businesses to unlock key insights from customer data generated by complex paper forms. Learn how insurance organizations are leading the charge to improve data quality, reduce costs and expedite turnaround times while unlocking the power of big data.
Captricity at Corinium Chief Data Officer Forum Keynote - Brian Cox Captricity
Chief Data Officer Forum, Insurance
September 15, 2016
How Insurers are Leveraging Modern Technology for Improved Customer Experiences
This document discusses how insurers can use modern technologies like cloud services, machine learning, and robotic process automation to improve customer experiences. It provides examples of how insurers have used technologies like Captricity's automation platform to extract data from documents, automate processes, and gain insights from customer data to reduce costs, speed up processes, and unlock new opportunities. The document highlights the challenges insurers face in leveraging historical paper records and improving analytics capabilities.
Backfile Conversion: Best Practices and ConsiderationsDATAMARK
This document discusses best practices for converting paper documents to digital files through a process called backfile conversion. It addresses the need for organizations to go digital to improve efficiency and services. The key aspects of backfile conversion covered are comprehensive planning, analyzing document workflows, addressing preparation and indexing of documents, and considering whether to conduct the conversion in-house or outsource it. Careful planning is emphasized to make the process of digitizing potentially millions of legacy documents strategic and successful.
[Webinar Slides] Put an End to Manual Data Processing AIIM International
This document summarizes a presentation on putting an end to manual data processing. It introduces the speaker, George Dunn, president of Cre8 Independent Consultants. Dunn has extensive experience in business process improvement, workflow, and paperless technologies planning. The presentation addresses challenges with manual processes, including providing poor customer service and errors. It also discusses challenges to removing paper, such as staff resistance to change and a lack of management initiatives. The presentation argues for developing an enterprise-level business case and mandates to support process improvements and deployment of new technologies.
Four key challenges in the financial sectorSally Hunt
The document discusses four key challenges facing financial services organizations: 1) Meeting demand for improved customer service by giving staff immediate access to customer information to resolve issues faster, 2) Meeting stringent compliance demands by establishing secure procedures to avoid data breaches and loss, 3) Driving efficiency and cost reduction by digitizing paper documents to gain space and increase productivity, and 4) Making the best use of new technology by digitizing information to achieve real-time access and agility. The document promotes smart information management solutions like scanning and secure offsite storage of digital records to help financial organizations address these challenges.
Is Your Business at Risk? Document Management Facts & Aspects - Whitepaper By...Jone Smith
The document discusses three key aspects of document management: the risks of inefficient document management, how outsourcing can provide high returns, and best practices for outsourcing. It notes that paper documents are prone to failures like being misfiled, lost, or damaged, and that inefficient in-house processes limit decision-making and increase costs and liability risks. Outsourcing to experts can improve processes, accelerate change, and provide cost-effective access to new technologies. However, the best approach is to outsource less complex processes first before more complex ones, and to consider a shared risk/reward model between the organization and provider. Case studies demonstrate how outsourcing improved processing volumes, costs, compliance and customer satisfaction for various
Guest speaker Cheryl McKinnon from Forrester and Captricity Founder and CEO Kuang Chen talk about how leading insurers leverage new technology to automate critical business processes.
The document describes a digital pen system from Progressare that can capture healthcare data from paper forms, link to electronic medical records and databases, and provide over 90% accurate character recognition. Progressare offers consulting services and has over 20 years of experience in healthcare data capture and management to help organizations improve workflows and information processing. The system aims to reduce costs and errors associated with paper-based processes through a digital solution that maintains existing workflows.
Insurance Organizations Need Access to Good Data Before They Can Benefit from...Captricity
Discover how leading insurers including New York Life are scaling data capture and automated digitization capabilities across their businesses to unlock key insights from customer data generated by complex paper forms. Learn how insurance organizations are leading the charge to improve data quality, reduce costs and expedite turnaround times while unlocking the power of big data.
Captricity at Corinium Chief Data Officer Forum Keynote - Brian Cox Captricity
Chief Data Officer Forum, Insurance
September 15, 2016
How Insurers are Leveraging Modern Technology for Improved Customer Experiences
This document discusses how insurers can use modern technologies like cloud services, machine learning, and robotic process automation to improve customer experiences. It provides examples of how insurers have used technologies like Captricity's automation platform to extract data from documents, automate processes, and gain insights from customer data to reduce costs, speed up processes, and unlock new opportunities. The document highlights the challenges insurers face in leveraging historical paper records and improving analytics capabilities.
Backfile Conversion: Best Practices and ConsiderationsDATAMARK
This document discusses best practices for converting paper documents to digital files through a process called backfile conversion. It addresses the need for organizations to go digital to improve efficiency and services. The key aspects of backfile conversion covered are comprehensive planning, analyzing document workflows, addressing preparation and indexing of documents, and considering whether to conduct the conversion in-house or outsource it. Careful planning is emphasized to make the process of digitizing potentially millions of legacy documents strategic and successful.
SVIA Insurance Disrupted Conference 2016 - The Disruptive Impact of Modern T...Captricity
Captricity’s Director of Industry Sales, Brian Cox, took the stage at SVIA Insurance Disrupted Conference to share what he’s seeing in the market at over 12 of the largest US insurers. His talk, The Disruptive Impact of Modern Technologies on Operational Processes and Organizational Strategies in Insurance, was focused on a problem close to home for many of the audience.
Trillium software garp march 2014 presentation bfast briefingTrillium Software
This document discusses the challenges financial firms face with increasing data and regulatory requirements. It notes the growing data volumes and need for better data quality to avoid regulatory issues. However, IT is often a bottleneck, unable to provide the flexibility and visibility needed. The document advocates establishing data governance with clear roles and standards, profiling data to define issues, and providing transparency through dashboards. It describes a case study where a bank implemented a self-service data assurance system using business rules to enable risk teams to validate data for monthly regulatory submissions independently of IT, with measurable process improvements. Overall it promotes business empowerment and access to data as critical for effective governance.
Trillium Software Building the Business Case for Data QualityTrillium Software
This document outlines steps for building a business case to improve data quality (DQ). It begins by noting the exponential growth of data and how DQ shortcomings hurt organizations. Seven steps are then described: 1) Identify DQ issues, 2) Gather evidence of costs and benefits, 3) Quantify costs/risks and potential benefits, 4) Identify stakeholders, 5) Draft the case, 6) Socialize the case, and 7) Finalize and present the case. Tips are provided for each step, such as using workshops to identify issues, quantifying specific costs like duplicate mailings, and ensuring final cases are visual, impactful, and focus on benefits, not technical details. Overcoming barriers to investment like
In this webinar we cover the new and exciting product innovations from the Centricity EDI team. We also share how our customers have improved their A/R and collection rates with the use of these solutions.
Healthcare Chief Information Officers face challenges in meeting the data analytics needs of various stakeholders across their organizations. An enterprise data warehouse (EDW) can help overcome these challenges by aggregating data from different systems into a single source that provides organization-wide business intelligence. The KnowledgeEdge EDW from Health Care DataWorks is a powerful and flexible solution that can provide rapid ROI, enable phased implementation to fit budgets, and solve the problem of not knowing where to begin with an EDW.
Disaster Recovery and Business Continuity for Your Clinical and Safety SystemsPerficient, Inc.
Your systems are up and running. You have no issues. It’s business as usual and all is as it should be. Then, suddenly, it’s not. A flood, an earthquake, a tornado or a fire threatens your organization’s ability to continue operating. Systems are offline, critical business processes have stalled. What damage has been inflicted? How long until you can recover? What do you do in the meantime? These are questions that no organization can properly answer without proper planning and testing.
The implications of an unplanned and unprepared-for event can be devastating to a company, as well as to the patients it serves. The only way to mitigate such risks is through comprehensive planning and testing.
Sean Bernard, lead business consultant in Perficient's life sciences practice, discussed why business continuity and disaster planning are so critical to life sciences companies, and shares best practices for preparing your company for the unforeseen.
This document discusses information integrity and data quality in healthcare information systems. It identifies various data sources that populate electronic health records, such as primary sources that come directly from the patient and secondary sources derived from primary sources. The document also discusses data capture methods, data integrity, data quality management characteristics, and common data integrity issues. The overall goal is to emphasize the importance of accurate, timely, and complete data for high quality patient care and business decisions.
As the sheer amount of information available for Business Intelligence (BI) applications has grown, and the sophistication of BI capabilities has accelerated, organizations are striving to improve time-to-information for business users.
The document summarizes a presentation given by Advanced Receivables Solutions on options for accounts receivable processing. It describes a case study of a staffing company that transitioned from paper to electronic invoice processing through lockbox imaging, realizing cost savings from reduced days sales outstanding, labor costs, paper storage, and courier fees. The presentation also outlines additional receivables processing options like electronic capture, online decisioning, and industry-specific solutions for healthcare, insurance, and real estate. It concludes by providing contact information for the presenters.
THE IMPORTANCE OF OUTSOURCING DATA ENTRY SERVICESColin Greenlaw
The document discusses the importance of outsourcing data entry services to improve business efficiency. Outsourcing data entry allows a business to focus on its core functions while experts handle time-consuming data entry tasks. When choosing an outsourcing partner, businesses should consider the partner's data security, technology use, accuracy, market understanding, and cost-effectiveness. Outsourcing data entry to a reputable provider can help businesses digitize paperwork more efficiently and access high-quality data processing services at a reasonable price.
Ready to send the world’s mostexpensive email? Avoid a million-dollar mistake by understanding the rules of CASL with this overview of Canada's version of the CAN SPAM Act. Designed for law firm marketing, this presentation is geared to law firm business development, marketing and CRM specialists.
Product overview of Hosted Claims Manager and Denials IQ presented by HealthCo Information Systems and GE's EDI team. Discover how these two EDI product innovations can improve your reimbursement processes and get your paid faster.
Improve ROI and Productivity with Content Cleansing and Enterprise SearchPerficient, Inc.
80% of information growth today is in unstructured content and many companies are looking for ways to help identify and manage strategic records, satisfy stringent regulations, reduce the amount of content stored and increase employee productivity.
The necessity of outsourcing it services by it directorsTalent Gurus
Outsourcing of IT Services has emerged as the perfect solution for meeting the demands of not only the day-to-day IT functions but also the niche IT services of the concerned organizations.
KOFAX presentation at IDC Factura & Meios de Pagmento Electrónicosjoaodiniz1
This document discusses how enterprise information capture solutions can improve business processes. It notes that organizations receive many kinds of documents from different sources and locations. Capture solutions allow companies to automate processes by enabling the electronic capture of information from documents. These solutions provide benefits like improved business processes, reduced costs, and increased access and use of information. The document promotes Kofax as a leader in enterprise information capture that has pioneered many technologies and has many successful installations.
The document discusses the benefits of an Enterprise Document Content Management System (EDCMS) and Business Process Management (BPM) solution for insurance organizations. It notes that such solutions can streamline document-heavy and manual processes, improve efficiency, ensure compliance, and provide benefits like reduced costs, improved tracking and controls, faster approvals, and increased access to information. It then provides an overview of the key features of DataScan.Online and DataFlo - the vendor's EDCMS and BPM solutions - and how they can address insurance business challenges and needs.
Dell Services Health Plan Staffing and Enrollment: Customer Success StoriesDell Services
Our customers tell their stories best; scroll through this presentation to discover Staffing and Enrollment use cases. Discover more at Dell.com/healthplans
Document Management Solutions: Combining Process Automation and APosaminc
A Phoenix-based insurance company implemented an enterprise content management system with document imaging and automated workflow capabilities to improve productivity, customer service, and disaster recovery while controlling costs. The system allowed underwriting, claims, and accounts payable departments to scan documents and access files digitally for faster processing. With immediate access to documents online, average call handling times were reduced. The paperless system also improved regulatory audits by giving remote access to document repositories. As a result, the company was able to maintain steady employee levels despite growth.
Unstructured Data into EHR Systems: Challenges and SolutionsDATAMARK
This document discusses the challenges healthcare organizations face in managing unstructured data within electronic health record (EHR) systems. Unstructured data, such as scanned reports, medical images, and handwritten notes, accounts for around 80% of healthcare data but is difficult to incorporate into EHRs which are designed for structured data. Electronic document management systems (EDMS) that use technologies like automated data capture and document management can help healthcare organizations bring unstructured data into EHR systems and create a complete patient record. However, implementing an EDMS is a complex process that requires expertise to develop an enterprise content management strategy and properly integrate the necessary technologies.
Increase Financial Firms' Sales Performance & Compliance with Compensation Ma...Perficient, Inc.
Financial services and banking organizations are challenged with aligning sales performance with corporate goals to drive business growth. In addition to financial performance, one of the largest challenges financial institutions face today is managing the balance of meeting regulatory requirements without potentially disrupting performance.
To help your organization manage performance and risk data against regulatory reporting requirements, you need to develop an enterprise-wide governance structure to gain control over sales channel compensation programs.
In this webinar, our experts covered:
-Challenges around sales performance, Dodd-Frank and compensation governance in financial services
-Industry-focused use cases and best practices for sales performance management solutions
-Case studies of leading financial institutions implementing sales performance and compensation management
Our experts also demonstrated how IBM Cognos Incentive Compensation Management enables organizations to achieve operational efficiency and reporting accuracy, greater data transparency, reduced risk and detailed sales performance analytics.
The 5-Step Formula for Reducing Document Capture CostsAIIM International
The document discusses a 5 step formula for reducing document capture costs: 1) Import/Scan files from various sources, 2) Classify documents using image recognition, 3) Extract key data fields using pattern recognition, 4) Validate extracted data against databases, and 5) Export validated data to various business systems. It provides examples of how different organizations have implemented intelligent capture solutions to reduce costs, improve processing times, and accelerate delivery of information to downstream business processes.
5) Bpo Services In India & Philippines – AnArka Sen
The document analyzes the BPO industries in India and the Philippines. It discusses how India grew its BPO sector due to skilled English speakers and government incentives. However, the industry faced problems from a rising rupee and increased costs. Meanwhile, the Philippines emerged as an alternative destination for BPOs in the 2000s due to its infrastructure, tax benefits, cultural similarities, and lower costs. The Philippines has maintained success compared to India due to its Americanized culture, lower startup costs, government support, and better wages.
SVIA Insurance Disrupted Conference 2016 - The Disruptive Impact of Modern T...Captricity
Captricity’s Director of Industry Sales, Brian Cox, took the stage at SVIA Insurance Disrupted Conference to share what he’s seeing in the market at over 12 of the largest US insurers. His talk, The Disruptive Impact of Modern Technologies on Operational Processes and Organizational Strategies in Insurance, was focused on a problem close to home for many of the audience.
Trillium software garp march 2014 presentation bfast briefingTrillium Software
This document discusses the challenges financial firms face with increasing data and regulatory requirements. It notes the growing data volumes and need for better data quality to avoid regulatory issues. However, IT is often a bottleneck, unable to provide the flexibility and visibility needed. The document advocates establishing data governance with clear roles and standards, profiling data to define issues, and providing transparency through dashboards. It describes a case study where a bank implemented a self-service data assurance system using business rules to enable risk teams to validate data for monthly regulatory submissions independently of IT, with measurable process improvements. Overall it promotes business empowerment and access to data as critical for effective governance.
Trillium Software Building the Business Case for Data QualityTrillium Software
This document outlines steps for building a business case to improve data quality (DQ). It begins by noting the exponential growth of data and how DQ shortcomings hurt organizations. Seven steps are then described: 1) Identify DQ issues, 2) Gather evidence of costs and benefits, 3) Quantify costs/risks and potential benefits, 4) Identify stakeholders, 5) Draft the case, 6) Socialize the case, and 7) Finalize and present the case. Tips are provided for each step, such as using workshops to identify issues, quantifying specific costs like duplicate mailings, and ensuring final cases are visual, impactful, and focus on benefits, not technical details. Overcoming barriers to investment like
In this webinar we cover the new and exciting product innovations from the Centricity EDI team. We also share how our customers have improved their A/R and collection rates with the use of these solutions.
Healthcare Chief Information Officers face challenges in meeting the data analytics needs of various stakeholders across their organizations. An enterprise data warehouse (EDW) can help overcome these challenges by aggregating data from different systems into a single source that provides organization-wide business intelligence. The KnowledgeEdge EDW from Health Care DataWorks is a powerful and flexible solution that can provide rapid ROI, enable phased implementation to fit budgets, and solve the problem of not knowing where to begin with an EDW.
Disaster Recovery and Business Continuity for Your Clinical and Safety SystemsPerficient, Inc.
Your systems are up and running. You have no issues. It’s business as usual and all is as it should be. Then, suddenly, it’s not. A flood, an earthquake, a tornado or a fire threatens your organization’s ability to continue operating. Systems are offline, critical business processes have stalled. What damage has been inflicted? How long until you can recover? What do you do in the meantime? These are questions that no organization can properly answer without proper planning and testing.
The implications of an unplanned and unprepared-for event can be devastating to a company, as well as to the patients it serves. The only way to mitigate such risks is through comprehensive planning and testing.
Sean Bernard, lead business consultant in Perficient's life sciences practice, discussed why business continuity and disaster planning are so critical to life sciences companies, and shares best practices for preparing your company for the unforeseen.
This document discusses information integrity and data quality in healthcare information systems. It identifies various data sources that populate electronic health records, such as primary sources that come directly from the patient and secondary sources derived from primary sources. The document also discusses data capture methods, data integrity, data quality management characteristics, and common data integrity issues. The overall goal is to emphasize the importance of accurate, timely, and complete data for high quality patient care and business decisions.
As the sheer amount of information available for Business Intelligence (BI) applications has grown, and the sophistication of BI capabilities has accelerated, organizations are striving to improve time-to-information for business users.
The document summarizes a presentation given by Advanced Receivables Solutions on options for accounts receivable processing. It describes a case study of a staffing company that transitioned from paper to electronic invoice processing through lockbox imaging, realizing cost savings from reduced days sales outstanding, labor costs, paper storage, and courier fees. The presentation also outlines additional receivables processing options like electronic capture, online decisioning, and industry-specific solutions for healthcare, insurance, and real estate. It concludes by providing contact information for the presenters.
THE IMPORTANCE OF OUTSOURCING DATA ENTRY SERVICESColin Greenlaw
The document discusses the importance of outsourcing data entry services to improve business efficiency. Outsourcing data entry allows a business to focus on its core functions while experts handle time-consuming data entry tasks. When choosing an outsourcing partner, businesses should consider the partner's data security, technology use, accuracy, market understanding, and cost-effectiveness. Outsourcing data entry to a reputable provider can help businesses digitize paperwork more efficiently and access high-quality data processing services at a reasonable price.
Ready to send the world’s mostexpensive email? Avoid a million-dollar mistake by understanding the rules of CASL with this overview of Canada's version of the CAN SPAM Act. Designed for law firm marketing, this presentation is geared to law firm business development, marketing and CRM specialists.
Product overview of Hosted Claims Manager and Denials IQ presented by HealthCo Information Systems and GE's EDI team. Discover how these two EDI product innovations can improve your reimbursement processes and get your paid faster.
Improve ROI and Productivity with Content Cleansing and Enterprise SearchPerficient, Inc.
80% of information growth today is in unstructured content and many companies are looking for ways to help identify and manage strategic records, satisfy stringent regulations, reduce the amount of content stored and increase employee productivity.
The necessity of outsourcing it services by it directorsTalent Gurus
Outsourcing of IT Services has emerged as the perfect solution for meeting the demands of not only the day-to-day IT functions but also the niche IT services of the concerned organizations.
KOFAX presentation at IDC Factura & Meios de Pagmento Electrónicosjoaodiniz1
This document discusses how enterprise information capture solutions can improve business processes. It notes that organizations receive many kinds of documents from different sources and locations. Capture solutions allow companies to automate processes by enabling the electronic capture of information from documents. These solutions provide benefits like improved business processes, reduced costs, and increased access and use of information. The document promotes Kofax as a leader in enterprise information capture that has pioneered many technologies and has many successful installations.
The document discusses the benefits of an Enterprise Document Content Management System (EDCMS) and Business Process Management (BPM) solution for insurance organizations. It notes that such solutions can streamline document-heavy and manual processes, improve efficiency, ensure compliance, and provide benefits like reduced costs, improved tracking and controls, faster approvals, and increased access to information. It then provides an overview of the key features of DataScan.Online and DataFlo - the vendor's EDCMS and BPM solutions - and how they can address insurance business challenges and needs.
Dell Services Health Plan Staffing and Enrollment: Customer Success StoriesDell Services
Our customers tell their stories best; scroll through this presentation to discover Staffing and Enrollment use cases. Discover more at Dell.com/healthplans
Document Management Solutions: Combining Process Automation and APosaminc
A Phoenix-based insurance company implemented an enterprise content management system with document imaging and automated workflow capabilities to improve productivity, customer service, and disaster recovery while controlling costs. The system allowed underwriting, claims, and accounts payable departments to scan documents and access files digitally for faster processing. With immediate access to documents online, average call handling times were reduced. The paperless system also improved regulatory audits by giving remote access to document repositories. As a result, the company was able to maintain steady employee levels despite growth.
Unstructured Data into EHR Systems: Challenges and SolutionsDATAMARK
This document discusses the challenges healthcare organizations face in managing unstructured data within electronic health record (EHR) systems. Unstructured data, such as scanned reports, medical images, and handwritten notes, accounts for around 80% of healthcare data but is difficult to incorporate into EHRs which are designed for structured data. Electronic document management systems (EDMS) that use technologies like automated data capture and document management can help healthcare organizations bring unstructured data into EHR systems and create a complete patient record. However, implementing an EDMS is a complex process that requires expertise to develop an enterprise content management strategy and properly integrate the necessary technologies.
Increase Financial Firms' Sales Performance & Compliance with Compensation Ma...Perficient, Inc.
Financial services and banking organizations are challenged with aligning sales performance with corporate goals to drive business growth. In addition to financial performance, one of the largest challenges financial institutions face today is managing the balance of meeting regulatory requirements without potentially disrupting performance.
To help your organization manage performance and risk data against regulatory reporting requirements, you need to develop an enterprise-wide governance structure to gain control over sales channel compensation programs.
In this webinar, our experts covered:
-Challenges around sales performance, Dodd-Frank and compensation governance in financial services
-Industry-focused use cases and best practices for sales performance management solutions
-Case studies of leading financial institutions implementing sales performance and compensation management
Our experts also demonstrated how IBM Cognos Incentive Compensation Management enables organizations to achieve operational efficiency and reporting accuracy, greater data transparency, reduced risk and detailed sales performance analytics.
The 5-Step Formula for Reducing Document Capture CostsAIIM International
The document discusses a 5 step formula for reducing document capture costs: 1) Import/Scan files from various sources, 2) Classify documents using image recognition, 3) Extract key data fields using pattern recognition, 4) Validate extracted data against databases, and 5) Export validated data to various business systems. It provides examples of how different organizations have implemented intelligent capture solutions to reduce costs, improve processing times, and accelerate delivery of information to downstream business processes.
5) Bpo Services In India & Philippines – AnArka Sen
The document analyzes the BPO industries in India and the Philippines. It discusses how India grew its BPO sector due to skilled English speakers and government incentives. However, the industry faced problems from a rising rupee and increased costs. Meanwhile, the Philippines emerged as an alternative destination for BPOs in the 2000s due to its infrastructure, tax benefits, cultural similarities, and lower costs. The Philippines has maintained success compared to India due to its Americanized culture, lower startup costs, government support, and better wages.
The BPO offers flexible payment terms by allowing the matching of trade data to trigger payment based on delivery dates, invoice dates or other milestones. This provides options to mitigate risks for both buyers and sellers through extended payment terms or post-shipment financing.
Final Xerox Reconfiguration Presentationmpudlitzke
This document proposes options to reduce costs and increase productivity at a copy center. It summarizes the current situation of overcapacity, high utilization rates, and a manual ordering process. It then outlines goals like reducing expenses, improving workflow and communication. Specific proposals are made to reduce vended jobs and costs through a web-based print-on-demand system to replace bulk literature printing, fulfill orders on demand and eliminate obsolete inventory. Projected savings and ROI are provided showing costs recouped within 8 months.
Transforming Business outlines how companies can gain competitive advantage through optimizing business processes and transforming key relationships. The document discusses how one company saved €5m annually in revenue and £2.5m by cutting claim processing times to 2 days through leveraging information and customer relationship excellence services. It promotes using pictures and quotes to showcase how the company helps clients transform into leaner organizations and better understand customer needs through secure electronic communication and optimized information flows.
This document discusses the business process outsourcing (BPO) industry in India, specifically the Indian BPO segment. It provides an overview of BPO, describing onshore, nearshore, and offshore BPO. It outlines the types of services offered by BPO such as customer service, technical support, insurance processing, and research. The document also discusses the growth of the Indian ITES-BPO industry and analyzes factors driving its growth like cost savings, skilled workforce, and government policies supporting the industry. It notes some challenges faced, such as the effect of global recession, and measures companies are taking in response like billing rate reductions.
Callus is an unorganized mass of undifferentiated cells that can be cultured in vitro. It is produced when plant explants are cultured on medium containing auxin and cytokinin hormones under sterile conditions. Callus tissue lacks differentiation and is unable to perform photosynthesis. It can be maintained indefinitely and used for plant regeneration through processes like organogenesis and somatic embryogenesis. Successful callus culture requires aseptic preparation of explants, a nutrient medium with proper hormone balance, and controlled physical conditions for incubation.
The document provides an overview of business process outsourcing (BPO) and call centers in India. It defines BPO as business processes performed outside of where the business is established. Call centers handle high volumes of calls and emails, and initially performed lower-level work but now also perform some high-level jobs like software testing. The document lists the top BPO companies in India and some benefits and challenges of the industry in India.
Streamlining paper processes in a digital worldCanon Belgium
This document discusses how organizations can streamline paper-based workflows by digitizing documents. It notes that while digital processes improve information flow, many organizations still rely on paper documents that waste employees' time. The document provides questions to help identify areas where paper use is inefficient and offers examples of how scanning technology and document management software can automate document handling, reducing errors, retrieval times and storage costs. Customer testimonials show how these tools have improved processes and saved time and money.
BrixPoint SharePoint Experts: Compliance for Banking and Capital Markets in ...BrixPoint
This document discusses challenges facing financial institutions including demands for more complex technology from consumers, loss of customer loyalty, and cost and margin pressures. It proposes addressing these challenges by taking advantage of mobility, social media, cloud computing and analytics to improve customer acquisition and retention, optimize costs and operations, and better manage risks and business performance. Specific benefits mentioned include reducing costs, improving productivity, gaining insights from data, and enhancing compliance, risk management and customer service.
Burgeoning administrative expenses continue to burden the US healthcare system. A typical Health Plan mailroom receives 120,000 pieces of mail every month. An error rate of just 1% means that 1,200 pieces will be lost, misidentified, or mishandled each month.
This paper highlights how Digital Intake can help Health Plans move beyond traditional mailrooms and streamline processes through technologies including RPA, OCR, ML and NLP.
This document discusses how digitizing paper documents and implementing document management systems can streamline workflows and improve productivity. It notes that while digital processes are faster, many organizations still rely on paper documents, which leads to wasted time searching for documents and rekeying data. It then provides questions to help identify areas where digitization could help by reducing processing time, data entry errors, lost documents, difficulty tracking documents, and paper storage space. Examples are given of how scanning technology and document management software can automate workflows by capturing, storing, retrieving and sharing digital documents. Customer testimonials show how these systems have reduced processing times and improved access to information.
Join Raffa Technology & BI360 for an informative session on best practice approaches to managing your budget process beyond Microsoft Excel. Come learn how you can help your organization increase productivity, insight and decision making while decreasing the manual keying and inaccuracies inherent with Microsoft Excel. This seminar includes a presentation of the BI360 budgeting and reporting software.
Canon for Business - Where paper meets digitalCanon Belgium
This document discusses how organizations can streamline paper-based processes by integrating them with digital workflows. It notes that while digital processes improve efficiency, many organizations still rely on paper documents that cause delays. The document provides questions to help identify areas where paper use creates inefficiencies and presents examples of how scanning, electronic storage and retrieval, and automation can help organizations modernize processes to accelerate performance. It also shares stories of how specific companies realized benefits like faster invoice processing and improved customer service by reducing their reliance on paper.
Preparing member insurance communications is time-consuming, labor-intensive and prone to compliance risk. With increasingly strict regulations to deliver more accurate and timely benefit information, you need to be able to move with precision.
From start to finish, we simplify member communication development processes to ensure greater accuracy, compliance and timeliness of your content.
Faced with reviewing and updating thousands of paper-based health insurance notifications each month, Express Scripts needed a simplified way to improve turnaround times while increasing efficiency. Learn how this Fortune 25 Health Insurance Plan organization significantly improved productivity & risk management with their document processing.
Eliminate Data Entry with Document Scanning, Data Capture and Extraction - PS...MarcoTechnologies
This document summarizes the benefits an organization saw from implementing PSIGEN document capture and workflow automation software. Key points:
- The organization processed over 1.6 million documents annually and saw significant inefficiencies and delays
- PSIGEN eliminated data entry, reduced processing time from 3 days to near real-time, and automated integration with their ERP system
- Benefits included eliminating 7 FTE roles, freeing up staff for higher level work, and faster supplier and customer interactions
- Implementation was easy to use and required only one dedicated FTE to manage ongoing operations
Mitigate the Impact of Great Resignation with AI Digital Assistants.pptxEmagia
Mitigate the Impact of Great Resignation with AI Digital Assistants.pptx
https://www.emagia.com/resources/ebooks/mitigate-the-impact-of-the-great-resignation-with-ai-digital-assistants/
Increase Customer Engagement Through Transparency - Forrester ResearchPrashanth Chetty
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The Digital Lending Loan Origination Application | AppsTek CorpAppsTek Corp
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Unlock the Power of Handwriting Recognition to Optimize Your Business ProcessesZia Consulting
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Learn how leading insurance, financial services, and healthcare companies are leveraging new technology to automate processing of their paper-to-digital operations (including handwritten forms). You’ll hear how New York Life and five of the top 10 U.S. insurers have gained efficiencies and enabled critical business improvements with a 99.9% accuracy rate.
Reducing Costs Through Document Automation for a More Efficient Workplacedclsocialmedia
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Lower downtime and timely access to lending applications through process impr...Mindtree Ltd.
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Streamlining information and document managementCanon Belgium
This document discusses how digitizing paper documents and implementing document management systems can streamline workflows and improve productivity. It notes that while digital processes are faster, many organizations still rely on paper documents that cause delays. It estimates that information workers spend 7% of their time dealing with paper document problems and 25% of time is wasted on fruitless searches and duplication. The document then provides questions to help identify areas where digitizing documents could help and examples of how organizations have benefited from converting paper processes to digital ones.
The document discusses the state of the capture industry and opportunities and challenges in capturing information. It notes that information is now everywhere but mostly unstructured, and that cloud/mobile, consumerization, and changing work nature are disrupting organizations. This creates information chaos that capture solutions can help address by improving access, productivity, customer engagement, and compliance while reducing costs. However, challenges include overcoming reliance on paper, improving success rates of digital projects, and addressing needs for signatures. Mobile capture is growing but recognition of its importance varies. Selling capture solutions requires understanding changing buyer behaviors and priorities.
Didier Delanoye en Jasper Kerremans lichten toe hoe de steeds sneller veranderende processen bij hun klanten de aanpak van financiële audits beïnvloeden.
Ze tonen hoe ze daarop antwoorden bieden via de de data-enabled audit methodologie en process mining technieken.
Vertrekkende van enorme volumes aan gegevens, biedt de data-enabled audit methodologie nieuwe inzichten en meer assurance via verbeterde risico-inschattingen, analyses en testing, bijvoorbeeld van journaalboekingen.
Process mining wordt enerzijds ingezet om het functioneren van key controls te bevestigen, en anderzijds om betere inzichten in bedrijfsprocessen te verwerven, bijvoorbeeld door middel van visualisaties en animaties die belangrijke afwijkingen van de verwachte processen blootleggen of efficiëntieverschillen tussen entiteiten tonen.
Straight through processing (STP) allows loan information to be entered once and then reused throughout the application and approval process. This eliminates redundant data entry and improves accuracy. STP streamlines the lending process from start to finish, compressing cycle times. It enables tasks to be completed simultaneously rather than sequentially, as was traditionally the case when files moved between departments. STP has the potential to dramatically transform lending operations by increasing efficiency and reducing costs.
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6. Multiple Delivery Channels
20% of organizations print electronic documents and process
them manually or scan them into the capture process
7. Only 30% of organizations have integrated document
scanning with other capture channels!
Multiple Delivery Channels
Source: Brousseau & Associates
8. Lots of document types, lots of document formats.
More Document Types
9. • Manual data entry is a critical bottleneck:
• Key information is not captured
• Information is not timely
• Information is not accurate
• Data is poorly organized
• Systems are not well integrated
• Decision-makers don’t have access to key variables
Manual Data Entry
10. • Manual keying increases the chances of errors
• Information may be stored across multiple systems
• Some business applications involve millions of records
• Manually validating data is costly and uncontrolled
• Validation errors create costly downstream errors
Errors & Exceptions
11. • Slow delivery of information downstream results in:
• Higher labor costs
• Poor business agility
• Customer complaints
• Slow inventory turns/higher DSO
• Late payments/penalties/fines
• Potential security breaches
• Compliance violations
Information Bottlenecks
14. Intelligent Data Capture supports corporate initiatives:
1. Eliminates inefficient and costly manual processes
2. Accelerates delivery of usable information downstream
3. Provides better insights into enterprise content
4. Enhances security, compliance and control
The Benefits
15. Most companies achieve ROI on scanning and
document capture investments in 12 months or less.
The Benefits
Source: AIIM Industry Watch
16. The Benefits
Scanning & capture improves customer responsiveness 2X – 3X
Source: AIIM Industry Watch
17. Lending
The Industry Retail Banking
The Customer Regional community bank
The Challenge Reduce the cycle time and labor costs of closing mortgage loans.
The Pain Points Slow and costly manual separation and handling of 400-500 page
batches. Mix of incoming paper and digital documents.
Desired Outcome 1. Reduce loan closing times by 25%.
2. Scale processing volumes without adding additional workers or
software.
The Solution Automatic classification and separation of individual documents in a
400-500 page batch and route the right ones to the right person or
workflow step.
Lending
The Industry Retail Banking
The Customer Regional community bank
The Challenge Reduce the cycle time and labor costs of closing mortgage loans.
The Pain Points Slow and costly manual separation and handling of 400-500 page
batches. Mix of incoming paper and digital documents.
Desired Outcome 1. Reduce loan closing times by 25%.
2. Scale processing volumes without adding additional workers or
software.
The Solution Automatic classification and separation of individual documents in a
400-500 page batch and route the right ones to the right person or
workflow step.
18. Financial Services
The Industry Financial Services - Secondary Market
The Customer Secondary Automotive Loan organization with a 35 state footprint
The Challenge Improve image quality, accuracy of loan packages and speed to long-term
repository
The Pain Points Manual process was slow, bottlenecked expansion, and additional
headcount was necessary to grow business
Desired Outcome • Automate the scanning and classification of car loans to improve
efficiencies and accuracy
• Same solution across 35+ states with easy learning of variations
The Solution • Classify documents upon receipt in organization
• Validate that a package is complete, or not complete
19. Healthcare
The Industry Healthcare
The Customer Largest non-profit healthcare organization in the Southwest U.S.
The Challenge Reduce turnaround time for scanning of patient records to improve patient care,
accelerate billing, and manage growing patient records volumes.
The Pain Points Slow availability of patient records delayed coding (stretching DSO) and resulted
in a deluge of calls from health workers and patients regarding their status.
Desired Outcome Speed availability of patient records, while making the process more efficient to
allow for the consolidation of scanning operations and support higher volumes.
The Solution Intelligent scanning platform integrated with legacy capture and ECM solutions.
The Results 1.Improved DSO
2.Reduce records scanning turnaround time from several days to four hours
3.Increase efficiency and allow for reassignment of 50% of records staff
4.Save $5,000 a month in paper by out-sorting batch separator sheets
20. ibml provides intelligent information capture solutions that
drive business process improvements. Combining
intelligent scanners, software and services, ibml’s
comprehensive solutions automate the most demanding
document applications in banking, financial services,
healthcare, government services, outsourcing and more.
Every day, ibml customers in 48 countries rely on our
technology to accurately and efficiently capture and
process millions of documents.
Learn more at www.ibml.com
ibml