5 Benefits of Intelligent Document Recognition
John Mancini

By: John Mancini on July 14th, 2016

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5 Benefits of Intelligent Document Recognition

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How can Intelligent Document Recognition change the way you view business processes? The combination of pressure to reduce costs, comply with stringent regulations, and satisfy ever-increasing customer service demands is placing a big strain on operations and processes that rely on unstructured information such as documents, images and e-mails.

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Making matters worse is the explosion of information that must be managed efficiently and securely, and the increasingly diverse channels through which documents arrive. Approximately two-thirds of those surveyed report that the volume of documents (paper and electronic) flowing through their operations increased between 2014 and 2016, according to a 2016 survey conducted by Brousseau & Associates and commissioned by ibml. What’s more, two-thirds of organizations report that the volume of paper alone flowing through their document processing operations is unchanged or higher compared to two years ago.

A 2015 InfoTrends study found that implementation of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 is one of the main drivers behind higher volumes of paper and digital documents at financial services organizations. For organizations in other industries, “big data” initiatives are requiring the capture of more data faster and more accurately than ever.

Intelligent document recognition provides five key benefits that transform unstructured information into the fuel that ignites better processes and insight:

  1. Accelerated document processing cycle times
  2. Streamlined regulatory compliance
  3. Enhanced service
  4. Reduced operating expense
  5. Streamlined document preparation

 

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About John Mancini

John Mancini is the President of Content Results, LLC and the Past President of AIIM. He is a well-known author, speaker, and advisor on information management, digital transformation and intelligent automation. John is a frequent keynote speaker and author of more than 30 eBooks on a variety of topics. He can be found on Twitter, LinkedIn and Facebook as jmancini77. Recent keynote topics include: The Stairway to Digital Transformation Navigating Disruptive Waters — 4 Things You Need to Know to Build Your Digital Transformation Strategy Getting Ahead of the Digital Transformation Curve Viewing Information Management Through a New Lens Digital Disruption: 6 Strategies to Avoid Being “Blockbustered” Specialties: Keynote speaker and writer on AI, RPA, intelligent Information Management, Intelligent Automation and Digital Transformation. Consensus-building with Boards to create strategic focus, action, and accountability. Extensive public speaking and public relations work Conversant and experienced in major technology issues and trends. Expert on inbound and content marketing, particularly in an association environment and on the Hubspot platform. John is a Phi Beta Kappa graduate of the College of William and Mary, and holds an M.A. in Public Policy from the Woodrow Wilson School at Princeton University.