Our robotic document processing services automates accounts payable, processing of transactions, increases accuracy and frees human resources to perform more value-added services. The technology can work seamlessly with your existing software and accounting systems.
These programs visually identify a document based on logos, layout, text on the face of the document, and based on the document type, process the information in a specified way. This dramatically reduces the time needed to process information and creates cost efficiencies for an organization. The processing steps may include routing the document, capturing information from the face of the document for input to accounting systems (GL, AP, AR, etc.), tagging the document for future retrieval, and storing the document in an organized archive.
Artificial Intelligence allows the system to learn about documents as it processes, further increasing productivity and accuracy. The machine learning aspects of the artificial intelligence software allows for the process to be continually refined, which creates greater efficiency within your organization. This improve the transaction process and speeds up the associated processes with the transaction.
Robotic Process Automation and Machine Learning Benefits
We work with a lot of financial institutions and larger corporations in helping them to implement machine learning technologies to make more streamlined processes as well as developing better insights to make smarter and more informed decisions.
The Machine Learning Capabilities can help greatly reduce the amount of time spent on data entry and collection and the efficiency and accuracy of the technologies greatly reduces the amount of time and the degree of error within simple process like invoicing, bookkeeping and other facets of data retrieval and entry.
Machine Learning can help to automate a lot of administrative tasks that often consume staff time. By implementing processes that utilize machine learning and AI, these processes can allow for the organizations’ employees to shift responsibility into other positions and areas of the organization that provide more firm value like a revenue-generating initiative or a fundraising campaign. Like all technologies, it is important to understand what degree these technologies can help your organization.
Example Engagement: Property Management Documents
CCA was engaged to work with a commercial property management company that had vast amounts of documentation being inefficiently stored offsite or on shared network drives. By implementing document management and imaging technologies, they reduced paper waste and significantly enhanced the work environment by streamlining and improving business processes. We streamlined their documents through the use of document tags and consistent processing. Through further implementation and training, the management company will experience greater efficiencies and cost savings.
