Financial Services - Ready for Business in the Year of COVID Transition
Just 6 months ago, no one would have imagined that social distancing would be the normal way of interacting in public settings or doing business. But now, just halfway through the year, we can hardly imagine what it was like going to the store, getting a meal, or going to the bank without a mask, hand sanitizer, avoiding cash, and being vigilant about safe distance.
Why Process is Such a Big Problem
A recent survey commissioned by ABBYY asked decision makers across multiple industries – Financial Services, Insurance, Government, for example – how consistently they believed workers followed processes. As one would expect with any survey, results varied by industry, with Financial Services and Insurance scoring pretty high, but most surprising was the comparatively lower scores Government decision makers (leaders) gave their organizations.
Are you asking these questions before implementing RPA? You should be…
It’s no secret that Robotic Process Automation (RPA) is driving technological advancement. With benefits such as improved throughput rates, process adherence, and time-saving opportunities, more and more companies are adopting RPA. It is expected that by 2025 that businesses will gain a potential savings of $5 trillion to $7 trillion due to RPA. This is because of its large time and cost-saving ability when paired with the right processes.
ABBYY Helps Banks Overcome Process Challenges
The financial services industry is facing unprecedented pressures due to a perfect storm of the pandemic, technological disruption and customer expectations. As a result, the pressure on operating margins is high, loan deferrals are up, loss provisions are increasing and interest income is declining.
Newly Released ABBYY FineReader Server 14.2 Makes High-Volume Document Processes Seamless
Today’s global workforce has experienced fundamental and disruptive changes over the past few months as a result of the pandemic. Organizations across diverse sectors and geographic markets are experiencing shifts in their day-to-day work environment that have revealed the need for greater operating efficiency, connected systems, and seamless workflows across every facet of the enterprise.
Inject Intelligent Document Processing into SAP Intelligent Robotic Process Automation
Enterprises today are moving fast in their digital transformation journey, but all have the significant challenge of unlocking key information inside their business documents such as invoices, orders, and other unstructured content. Much of the content from these varied business documents end up in systems like SAP and countless other enterprise systems.
For Hyperautomation Success, Get hyper-focused on Process Knowledge
Are you looking to increase your investments in intelligent automation tools and technologies like robotic process automation (RPA) and machine learning for understanding content and achieving hyperautomation? If so, you’re not alone. Hyperautomation was deemed one of the top strategic technology trends for 2020 and quickly enthused organizations to achieve a higher level of automation.