Written by: IDC Abner Germanow, Jonathan Edwards, Lee Doyle IDC believes the convergence of communications and mainstream IT architectures will drive significant innovation in business processes over the next decade.
All things that can be automated will be automated. Beyond the careful choreography of sophisticated workflow, managing myriad simultaneous requests puts unprecedented demand on the software that must schedule and perpetually deliver against well-defined service levels, in real time. Gone are the days of simple batch processing. Welcome to the oh-so-very-flat world that is embracing service-oriented architectures, grid architectures, expansive ecosystems, and end-to-end processing. Workload scheduling has got to grow up.
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.
"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 "
IT groups must support many applications and servers across multiple platforms that frequently operate independently of each other. However, coordinating job scheduling across all these applications and networks is often required to optimize resource utilization. The traditional approach of applying more staff, toolkits, and rudimentary scheduling software to cobble together automated batch processing solutions becomes cost-prohibitive, inefficient, and error-prone, as the number of moving parts increases and the environment becomes more heterogeneous.
Staples’ information systems play a critical role in delivering on their brand promise 'that was easy.' As part of a recent strategic imperative, Staples recently embarked on a major modernization of its systems architecture and supporting processes. The goal was to ensure IT’s systems could scale with the company’s continued global expansion without sacrificing the quality of the brand experience. One critical target for modernization was Staples’ enterprise job scheduling processes and systems. After researching the top software providers in this space, Staples selected Tidal Software to support its efforts to centralize and streamline automated batch processing.
Business performance depends on how well a company manages its internal processes. Companies with effective business process management in place are able to analyze key performance indicators to monitor efficiency of day-to-day activities and employees against operational targets.
Businesses are discovering how to create efficiencies and meet constantly evolving business needs with an enterprise content management (ECM) solution. Make ECM work for your organization by researching best practices and knowing your options.
Unlike a basic document management system, ECM goes beyond storing and retrieving content to provide functionality that supports business initiatives. Multiple document types are captured, integrated, processed and measured to streamline workflows.
Businesses are discovering how to create efficiencies and meet constantly evolving business needs with an enterprise content management (ECM) solution. Make ECM work for your organization by researching best practices and knowing your options.a
Imagine getting into your car and saying, “Take me to work,” and then enjoying an automated
drive as you read the morning news. We are getting very close to that kind of
scenario, and companies like Ford expect to have production vehicles in the latter part
Driverless cars are just one popular example of machine learning. It’s also used in
countless applications such as predicting fraud, identifying terrorists, recommending
the right products to customers at the right time, and correctly identifying medical
symptoms to prescribe appropriate treatments.
The concept of machine learning has been around for decades. What’s new is that
it can now be applied to huge quantities of data. Cheaper data storage, distributed
processing, more powerful computers and new analytical opportunities have dramatically
increased interest in machine learning systems. Other reasons for the increased
momentum include: maturing capabilities with methods and algorithms refactored to
run in memory; the
Is your company looking to gain the efficiencies and savings of automated accounts payable processing?
Find out how you can:
• Quickly deploy one easy, web-based AP workflow solution for all users and systems
• Ensure a continuous invoice audit trail
• Simplify shared services setup
In this white paper, you'll learn important cost and risk factors to consider with AP tools installed inside ERP applications — especially if you have multiple ERP instances or a mix of different enterprise applications.
Download the white paper to learn more!
Discover the inspiring stories of five companies who successfully automated their manual order processing methods with Esker — and have the results to prove it.
Esker has been referred to as a game-changer. Read the customer stories for yourself and envision your launch into optimized business processes. Download now!
What's in the white paper?
Like all areas of the finance team, the accounts payable department is tasked with working smarter and doing more with less. The challenge is that many organizations are drowning in paper invoices, spreadsheets and manual AP processes.
A digital transformation can create more automated workflows, easier tracking of payments, and more overall accountability and visibility. In addition, the data collected can support a more predictable cash flow and a stronger negotiating position with vendors.
This white paper will examine AP’s role in reimagining the entire finance process as part of the purchase-to-pay cycle, including:
• Avoiding costs of processing paper invoices and payments
• The role of the CFO in mitigating risks of manual processes
• The value of AP integration with e-payable solutions
Order management inefficiencies can cause a lot of headaches for today’s supply chain leaders — particularly those focused on customer fulfillment. This guidebook explores why digital optimization is an effective strategy for navigating these challenges, and examines the benefits that an AI-driven automated order management solution can bring, including:
• Increased order processing speed & accuracy
• Enhanced visibility, mobility & collaboration
• Improved customer satisfaction & future business opportunities
With web applications constantly evolving, finding vulnerabilities is a challenging, costly and time-consuming undertaking. The solution is automated security assessment products that leverage stateful processing to comprehensively examine web applications and reveal vulnerabilities in hours rather than weeks. Find out how Cenzic's ClickToSecure solution can help you secure your applications.
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.
In-depth survey results from research conducted by International Accounts Payable Professionals (IAPP). Insights include, 94.9% of AP respondents still use paper checks for business-to-business payments despite all the talk about electronic payments.
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