The Paperless Office: Document Process Automation is the Way

Information about The Paperless Office: Document Process Automation is the Way

Published on July 19, 2014

Author: invensistechnologies



PowerPoint Presentation: The Paperless Office: Document Process Automation is the Way PowerPoint Presentation: Go Paperless Office from Document Automation Process Document process automation refers to the design of a process and workflow that enables the creation of electronic documents. It incorporates the use of document processing tools and scanners (flat-bed, sheet-fed, hand-held or optical) with Optical Character Recognition (OCR) or Intelligent Character Recognition (ICR) capability. OCR refers to the conversion of scanned copies of handwritten, printed or typewritten texts into editable formats. ICR refers to the electronic conversion of handwritten texts such as signatures. By storing information electronically using document management systems and document process automation, businesses can access data quickly and easily, reduce the need for physical storage space and adhere to compliance norms. That is why most companies are converting paper to electronic data nowadays. PowerPoint Presentation: The Disadvantages of Excessive Paper Documentation: Paper documentation slows processes down, since one has to locate the document first and then access the information. The average search time for a paper document is 18 minutes, as per some calculations. Sometimes delays in post or courier can result in the further slowdown of work progress & physical copies of paper run the risk of being misplaced. With paper records, it is difficult to monitor workflow progress. As well auditing and compliance issues could arise if physical copies of documents are not maintained and secured properly. The option of accessing the data from anywhere is not possible. Investing in paper, printing supplies and storage space can amount to considerable costs.Industry experts claim that the cost of manually processing an invoice works out to USD 20 for each form. PowerPoint Presentation: 1. Enhanced Security: In contrast to physical documents, electronic data can be stored in a secured manner and several levels of security can be applied so that only authorized personnel can see the information. The history of the people who have accessed the document is also visible to managers for better control. 2. Centralized information: With the evolution of cloud computing, a model that involves offloading applications to services hosted on the Internet, electronic data can be accessed from any location on a web-enabled device. A centralized data repository in the cloud makes for easy access, retrieval and sharing. The Advantages of Electronic Documentation: PowerPoint Presentation: 3. Easy indexing, archiving and retrieval: Indexing refers to sorting electronic data according to certain fields. Archiving means moving older data to another location where it can be referenced when required. Electronic documentation facilitates both indexing and archiving, as well as swift retrieval the moment the need arises. 4. Cut down on cost and time: It is said that storing data electronically can reduce operational costs by 25-65%. Also, employee productivity gets a boost when time spent accessing, managing and retrieving physical documents is cut down. PowerPoint Presentation: 5. Integration made easy: Document management applications can be integrated with other business applications, such as content management applications and workflow solutions, to facilitate efficiency of operations. Enterprise Resource Planning (ERP) software typically leverages common databases to provide an overall view of business processes. Customer Relationship Management (CRM) systems also require access to well-maintained electronic data. 6. Compliance norms: Work that is stored electronically will produce positive results during audits, as everything will be indexed and archived in an organized manner for easy retrieval. PowerPoint Presentation: 7. Better ROI: Storing data electronically can produce greater Return on Investment (ROI) in a number of ways. Productivity of employees improves when they do not have to spend excess time looking through paper documents for the information that they want. This brings down costs as well. Additionally, quicker processing time of documents results in an increase in the work being achieved, leading to an increase in revenue. 8. Sustainability practices: By digitizing documents, businesses can make a positive difference to the environment. PowerPoint Presentation: Flow of Document Process Automation Benefits PowerPoint Presentation:  Data that originates at different sources (in handwritten, printed or electronic formats with varying fonts and characters) can be captured, extracted, categorized and validated in a digitized form. Millions of forms can be processed in a day. Handwritten or printed documents are converted into digital formats the moment they come into the organization, which will drive internal processes from an early stage. Data can be extracted, validated, indexed, archived and retrieved with a high level of accuracy. It can be shared with relevant personnel and business applications, enabling improved communication between departments. The entire process can be easily audited from receipt of the document to its archiving, in compliance with Service Level Agreements (SLA) and industry regulations. Benefits of Document Process Automation Service PowerPoint Presentation:  The entire process can be easily audited from receipt of the document to its archiving, in compliance with Service Level Agreements (SLA) and industry regulations. Manual intervention is required only for management of the process and verification of data, which frees up human resources for other vital business functions. Immense amount of time and cost can be saved as well as swift processing and fewer errors translate into improved customer services. With customers being able to access information online, satisfaction with the brand improves, as does loyalty. With relevant data available at the click of a few keys, business intelligence is enhanced and smarter decisions can be taken. All of these will contribute to a sizeable Return on Investment (ROI), making the transition to document process automation extremely worthwhile PowerPoint Presentation: As compliance norms become more stringent and employees use mobile technologies for their work, companies are recognizing the need for electronic documentation management. With the advent of cloud computing, document process automation can make data even more easily accessible for the smooth operations of a business. While paper can never be truly done away with, primarily because of legal requirements for physical documentation, the right balance of paper and electronic data can greatly benefit companies and help them to achieve their business objectives. PowerPoint Presentation: THANK YOU Invensis Technologies (P) Ltd. 34/1 Upkar Chambers, R.V. Road Bangalore – 560004, India USA +1-302-261-9036 UK +44-203-411-0183 AUS +61-3-8820-5183 IND +91-80-4115-5233 sales {at} invensis {dot} net Click to View our Blog Post on Document Process Automation.

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