Blog
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23 Aug 20223 Benefits of AP Automation for Healthcare
Many healthcare providers still use manual processes that are slow and inefficient, often leading to lost invoices and late payments. By implementing an accounts payable automation solution, your healthcare facility can say goodbye to the manual data entry that comes with AP processing.
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04 Aug 20225 Digital Transformation Solutions for Crisis Management
The need for organizational crisis management is one of the many sobering lessons of the COVID-19 pandemic. During the first year of the pandemic, 200,000 more business closures occurred than normal, according to the Federal Reserve. Even in the midst of unprecedented hardships, many of these closures could’ve been avoided through strategic disaster planning.
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28 Jun 2022How Healthcare Interoperability Helps Your Facility Run Efficiently
Challenges with exchanging data between systems can hinder healthcare professionals’ ability to offer quality patient care. With large volumes of medical records, invoices, and incoming mail, transferring information using outdated methods can be time-consuming and inefficient.
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26 May 20226 Ways BPO Improves Your AP Processes
Accounts payable processes often require a lot of document shuffling. Having these documents processed manually reduces efficiency, increases errors, raises costs, and often creates a lack of transparency into your invoice processes. An easy, reliable remedy for that? Business process outsourcing (BPO). With BPO, it’s possible to forward paper and digital invoices to a trusted […]
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01 Mar 2022What Is Government Digital Transformation & How Does It Work?
Digital transformation is not a new concept to government agencies, but their efforts to achieve it are changing. Over the last 20 or so years, the government sector has advanced digitally on many levels – from the early days of e-government initiatives during the dot-com boom to the establishment of digital service teams. But it […]
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05 Jan 2022How Outsourced Services and Technology Help Combat Inflation
Consumer prices continue to surge as inflation accelerates at its fastest pace since 1982. Driven primarily by supply chain issues, labor shortages, and high food costs, it’s likely that households that make less than $40,000 a year will experience severe financial hardship. According to a recent Gallup survey, 45% of U.S. households have already begun […]
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14 Dec 2021Intelligent Automation: A Kofax Automation Benchmark Study
Digital transformation has become crucial for companies that want to stay competitive in the coming years. According to McKinsey, companies that undergo a digital transformation and digitize their business processes are 20-50% more likely to generate economic gains. In fact, Gartner estimates that by 2025, over 80% of organizations will shift their paper-based data centers […]
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29 Sep 2021What is Workflow Automation? Getting Started in 4 Easy Steps
Workflow automation is a method of expediting and streamlining document-based business processes to improve efficiency, reduce costs, and provide transparency. With automation, you’ll enjoy accelerated document processing times, fewer errors thanks to the elimination of manual data entry, and better accountability due to the visibility that digital tracking provides. Workflow automation is also known by […]
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29 Jun 2021AP Automation Is Helping Companies Cut Costs and Avoid the Heightened Risk of Fraud
Prior to the coronavirus pandemic, fraud was a serious issue facing businesses. In fact, according to a 2018 survey conducted by the Association of Certified Fraud Examiners (ACFE), the world’s largest anti-fraud organization, the total profit loss caused by the cases in their study exceeded $7.1 billion, representing only a tiny fraction of fraud globally. […]
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06 May 2021How Workflow Automation Supports Business Process Improvement
According to a recent McKinsey report, 45% of business tasks can be automated by today’s technology. Business process automation (BPA) is a simple strategy that helps your business cut costs and become significantly more productive by automating some of your company’s key processes. The first step in the automation process is understanding your current business […]
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