Since the earliest days of the industry, insurance companies have faced a
never-ending struggle: processing the voluminous amount of paperwork that
underwriting, claims, and compliance require. But the days of enduring the
burdens caused by mountains of paper can become a distant memory. By
investing in new, proven methods of converting paper documents to readable
digital formats, insurance organizations can fully automate document processing
to accelerate workflows, minimize processing times and enable more efficient
Be confident that you are measurably improving operational efficiency and reducing costs for your business by initiating a best-practices document performance management system with proven methodologies and tools
Discover how your business can institute an effective management strategy to reduce costs, increase productivity and manage document related risks by outsourcing your document process management function.
Effective records management programs mitigate records compliance risk, leverage proven technology, gain more control over its information assets, improve operational efficiency and offer the ability to continuously improve.
This whitepaper will review how business processes are more efficient in an electronic data environment. Enterprise Capture enables customer service improvement, cost cutting, and compliance for financial institutions such as Flagstar and Randolph Brooks Federal Credit Union (RBFCU).
See how some retail banks have redirected their focus to a more customer -centric approach. This whitepaper includes success stories from Banco Inversis and GMAC Commercial Mortgage Corporation (now Ally Financial) which highlight how Kofax has helped them maintain and even increase their competitive edge.
The Kofax enterprise capture platform offers unmatched scalability from centralized to highly distributed environments, from individual desktops to enterprise deployments and from basic archival scanning to powerful document classification and separation and data extraction. The company's market leading technology supports a wide variety of input devices and line of business applications, providing a strong enterprise-wide platform on which to standardize document driven processes.
This paper will explore the potential of applying business performance management (BPM) principles to advance document performance management (DPM) in a way that enables organizations to reduce costs; better manage documents as vital strategic, ?nancial and information assets; and secure positive returns on investments from outsourcing. An example of this approach — spotlighted later in this paper — is MAX, a document performance management system that enables companies to more effectively manage their document processes and outsourcing service providers.
"Many financial services firms have automated the vast majority of key processes and customer experiences. However, the “last mile” of most transactions – completing the agreement– far too often relies on the same inefficient pen-and-paper processes of yesteryear.
Digitising agreements using DocuSign lets you keep processes digital from end to end. Completing transactions no longer requires documents to be printed and shipped, and re-keyed on the back end.
Read the whitepaper to learn how leading financial services organisations use straight-through processing by automating the last mile of business transactions to:
- Speed processes by 80% or more, often going from days or weeks to just minutes
- Reduce NIGO by anywhere from 55% to 93%
- Achieve a 300% average ROI "
Published By: Ephesoft
Published Date: Apr 04, 2018
All accounting procedures, especially remittance and AR/AP processing, are critical to any organization’s financial well-being. Manual data entry of invoices is an inefficient, expensive, labor intensive and often errorprone process. Slow and mistake-laden document processing lengthens payment cycles, reduces staff productivity, adds late payment penalties and causes missed early payment discounts
Bank of Choice found that paper-based loan approval processes were standing in the way of providing the fastest and most effective customer service. Bank of Choice adopted a complete document management system based on software from Knowledge Lake, a Microsoft Gold Certified Partner. The result cuts loan processing time from days to hours, boosts customer service while cutting costs, and increases competitiveness.
Published By: Ephesoft
Published Date: Jan 18, 2018
Mortgage lenders experience a variety of document intensive processes throughout the entire loan lifecycle. Learn more about how intelligent document capture technology can improve mortgage processing, mortgage loan due diligence, loan onboarding, settlement services, loan servicing and reporting in the cloud or on-premise working with your existing LOS or other back-end platforms.
Enterprise Ready Intelligent Capture (ERIC) — a coordinated approach to document input and processing that combines distributed and centralized scanning with fax and electronic conversion across numerous departments. Read on to learn more.
Published By: Castelle
Published Date: Nov 01, 2006
Computer-based, network fax servers offer a high quality, low maintenance enterprise fax solution, well-suited for organizations involved in fax-intensive industries. From first-rate administration and development tools to comprehensive integration with existing network resources, fax servers can accelerate document processing and turnaround time while reducing communication costs.
This document explores the environmental uses of job scheduling (batch processing) and RBA (IT process automation) and defines the conditions for choosing one solution over another. This document also notes when it is appropriate to run a combination of both to gain immediate benefits for business operations and continuity.
Think about the process in your company for a minute. How much time and money is wasted waiting for an invoice to arrive, then walking the document around to be coded, approved, and finally paid? Discover how a touchless invoice processing can help.
This document gives an overview of how security is designed into Google’s technical infrastructure. This global scale infrastructure is designed to provide security through the entire information processing lifecycle at Google.