Truly paperless operations have not yet been implemented in document-driven industries like finance, insurance, healthcare and life sciences. Rather, they are still using paper and electronic forms requiring manual processing, which can be costly and error-prone.
Intelligent document processing (IDP) uses artificial intelligence (AI) and machine learning (ML) to automatically extract valuable data with minimal human interaction or, in many cases, none at all. Despite the apparent benefits of a switch to paperless documentation, which include enhanced efficiency, lower costs and the reduction of errors, paper documentation is still commonplace; the United States Environmental Protection Agency (EPA) estimates that the world produces 300 million tons of paper every year.
This ebook details six ways in which eliminating manual document processing with IDP can help transform your business and enhance overall efficiency.
Download this ebook to discover:
- Why paperless operations are not yet common across industries.
- How intelligent document processing can dramatically increase efficiency, reduce error and free workers to focus on higher-level work, such as enhanced customer service.
- Six key advantages of eliminating manual document processing, including revenue increases and enhanced regulatory compliance.