Insurance Intelligent Process Automation Use Case The Best Way to Automate ACORD Form Processing: Intelligent AutomationĀ February 22, 2021 by adamdev The insurance industry is awash in documents of various types, but one category stands out: ACORD forms. Any insurance company that succeeds in implementing intelligent document processing for ACORD forms will be ahead of the game. But companies that automate ACORD form processing along with other types of unstructured content āĀ well, theyād be dominating the […] Read more Ā» acord forms insurance insurance form automation Intelligent automation
Intelligent Process Automation Why Change Management is Crucial for Intelligent Document Process Automation February 9, 2021 by adamdev Change is a constant thatās all around us ā and it can doom document process automation projects. Whether itās changes in people, process, or technology, companies need to have a way to stay on top of changes and think through the affect any change will have on automated business processes. If you fail to recognize […] Read more Ā»
Intelligent Process Automation Use Case How Intelligent Document Processing Helps Automate Auto Insurance Claims Processes February 1, 2021 by adamdev While insurers are interested in automating insurance processes of all kinds, the auto insurance claims process may be furthest along mainly due to the technology built into most cars today. Using telematics data from cars, insurance companies can now offer policies that take into account a clientās driving habits, including how many miles they drive, […] Read more Ā» insurance Intelligent document processing P&C Insurance
Intelligent Process Automation Investment Banking Use Case Automating the Trade Confirmation Process with Intelligent Document Processing January 26, 2021 by adamdev Financial firms involved in trading know the confirmation process can get complex and time-consuming. That’s why investment banks and others are now turning to intelligent document processing as a way to streamline the process.Ā Any trade ā including over-the-counter stocks, stocks traded on an exchange, and derivatives ā requires a settlement process and, ultimately, a […] Read more Ā» trade confirmation trade confirmation automation
Intelligent Process Automation Life Insurance How Intelligent Automation Streamlined Life Insurance Claims Processes January 20, 2021 by adamdev Given the range of documents involved and a sometimes lengthy timetable, itās in an insurance companyās best interest to automate the life insurance claims process. In so doing, they can reduce costs while shortening cycle times and improving customer satisfaction.Ā Anatomy of a life insurance claim Life insurance claims are something of a special breed […] Read more Ā»
Insurance Intelligent Process Automation Reduce P&C Insurance Underwriting Risk with Intelligent Automation January 12, 2021 by adamdev Insurance companies have sought to automate the underwriting processes involved in issuing property and casualty policies. For a good reason: effective document underwriting can mean the difference between profit and loss. Looking at data covering three decades, researchers at McKinsey found operating results have the most significant impact on a commercial property and casualty insurer’s […] Read more Ā» insurance property and casualty underwriting automation
Commercial Banking Financial Services Intelligent Process Automation Use Case 3 Ways Intelligent Automation Transforms the Mortgage Origination Process January 4, 2021 by adamdev Banks and mortgage brokers have a problem: their customers arenāt too happy with them. One big reason is that their mortgage origination processes are too slow, a situation that is crying out for mortgage process automation solutions, including for loan origination automation. Banks are losing business to non-depository loan originators, which have doubled their market […] Read more Ā» AI Intelligent automation mortgage mortgage origination
Artificial Intelligence Intelligent Process Automation Opinion Piece Robotic Process Automation How COEs Use Sound Methodologies to Ensure Intelligent Automation Process Success December 14, 2020 by adamdev As companies get beyond their first one or two process automation projects, it becomes increasingly important to have a sound methodology and framework in place for how to address additional projects āĀ a function that often comes under the charge of the companyās automation Center of Excellence, or COE. This is another topic that came up […] Read more Ā»
Intelligent Process Automation Why Out-of-the-Box Models Fall Short of True Intelligent Document Processing December 3, 2020 by adamdev One of the common questions we hear from customers is, āWhy canāt I use an out-of-the-box document processing tool that I donāt have to program?ā Our stock answer is basically, āYou can, but donāt expect very good results unless you have no variation in your documents, because itās not really intelligent document processing.ā The difference […] Read more Ā»
Artificial Intelligence Insurance Intelligent Process Automation Use Case How Intelligent Automation Helps Insurers Streamline Enrollment Processes November 19, 2020 by adamdev Getting new clients is a good thing, but for insurance companies it also creates a challenge: processing all the required documents. To date, itās been a largely manual process that for large insurers can easily involve 15 million documents per year, making it a ripe target for intelligent document processing technology. Think about a large […] Read more Ā»
