CFO, CEO, Chief Supply Officer, even the Board are all people who control the final thumbs up/thumbs down decision on your cap ex proposal. But they are only half of the playmakers. The other half are the people out on the floor. Without their buy in, automation of any sort will never become a part of your culture.
As many as 25 percent of claims arrive as physical documents.While many insurers have implemented document scanning processes, unfortunately, many do not take full advantage of digital transformation processes.
Clearly, automation is not always the better answer. But how do you know before you make the wrong proposal? And, if it is the right answer, do you have a guiding strategy in place to ensure its success?
Lockbox service offerings, including retail and wholesale, are integral to a bank’s fiscal strategy even in today’s changing market. It is true that the rise of the digital age has brought with it a decline in physical check volumes, however, there are still billions of paper check payments made each year in the US, and somebody’s got to get those payments deposited.
Do you want to spend all day picking orders in a refrigerated warehouse or freezer? Probably not. And you’re not alone. In fact, these facilities are one of the sweet spots for a lights out operation.
In the legal profession, the discovery process can be time-consuming and cumbersome – attorneys and law clerks have to sift through mounds of paperwork, searching for information that is relevant to their case or their clients. As more documents are converted electronically, e-discovery should become conceivably more efficient as paperwork is reduced and discovery work is made easier.