Topic: Intelligent Capture
Overcoming and solving the challenges of data deluge in enterprises
According to McKinsey Global Institute, many large companies now store more data than the U.S. Library of Congress, but processing and understanding this increasing flood of incoming data in real-time is overwhelming business executives and government agencies around the globe. As the latest advances in technology put the value of data above all, many organizations now actively collect petabytes of data.
Three companies share how intelligent capture transformed their claims processing
Despite the prevailing electronic exchange of information between healthcare payers and providers, a big portion of medical claims are still issued on paper and fax. Three forward-thinking companies took action. Using ABBYY FlexiCapture, they digitally transformed their claims processes to improve efficiencies in three common claims scenarios: paper, fax and EDI.
Mobile-driven expense management as an accelerator for finance process automation
Automation is fast becoming a buzzword especially among knowledge workers who strive to minimize the need for manual labor in the accounts payable departments. It is easy to see why. Whether in large companies or in small companies and startups, expenses are an annoyance for both employers and employees. Today, up to 46 percent of businesses still depend on manual tools to manage expenses, according to T&E firm Certify.
6 information management trends redefining transportation and logistics
While we usually think of challenges in the transportation and logistics industry as being the physical mechanics of transporting an item from point A to point B, the new reality is that information management – and how quickly data can be put into action – offers the biggest challenges.
Building better business intelligence with AI & Machine learning
We can all think of ways automation has created positive and negative effects in our lives. In our modern world, nearly every service and purchase we make today is automated on some level. Whether a transaction takes place in a branch, a store, or on our mobile devices, we have all begun to experience both the benefits and, at times, the agnostic dread of automation through AI and machine learning.
Putting business into customers' pockets
If you want to see a bank customer wince, ask him to manually input some long numbers into your system. Yet in this digital transformation times, a large number of payments made by customers are still done by keying in data manually. The data that many businesses still require customers to provide range from account numbers, bank's routing numbers, tax code numbers, tracking numbers to ID cards and passport numbers.
How Wildman Business Group automates its invoice processing business with FlexiCapture
There are many growing pains associated with expanding a business which include providing appropriate customer service, implementing marketing programs, and scaling operational functions within your organization through technology.
Three reasons digital transformation initiatives are stunted
We’ve seen how digital transformation can disrupt an industry. Think of Blockbuster Entertainment’s physical stores vs. digital streaming on Netflix, and taxi services vs. Uber’s ridesharing app. From a B2B standpoint we saw the move from on-premise CRM applications like Oracle and Siebel to cloud-CRM Salesforce.com, or dedicated corporate data centers moving to Amazon, Google and Microsoft public and hybrid cloud hosting.
Data capture’s impact on electronic health records
The HITECH Act passed in 2009 when health IT adoption was in its nascent stages. Yet, despite claims that healthcare is becoming fully electronic, it’s impossible to completely eliminate paper from patient care. Patients present insurance cards and driver licenses that must be copied, sign forms and provide summaries and referrals from other providers. They also complete health histories and other intake documents.
Fidelity Financial automates faxed mortgage application processing through digital transformation
Fidelity Financial is helping connect families to their new homes faster and with less hassle by automating the processing of mortgage documents through fax. Using ABBYY digital transformation solutions, 5,000 new faxed mortgage applications are processed within one hour of receipt every day. This has dramatically reduced errors and response times, while improving customer service levels.