BPM.com is thrilled to be able to share with you a complimentary Chapter from the upcoming book, written by my good friend Tom Koulopoulos and his co-author George Achillias.
Accurate data is the foundation for an efficient, effective Accounts Payable (AP) process. Intelligent capture software that includes document imaging, separation and classificiation of invoices, and data extraction and validation introduces validity in the downstream AP processes.
Data capture from paper or electronic documents is an essential step for most business processes, and often is the initiator for customer-facing business processes.
Changes in the global economy are driving transportation and logistics providers to rethink their business practices. Most providers have a significant number of staff assigned to manual data capture.
Financial services firm are likely to be faced with a raft of global, U.S. and EU-driven regulatory change requirements, including Dodd-Frank, CFPB, CCAR and Volker. Insurers, in particular, must consider the impact of IRFS 17 and pension reform among other regulations.