Automating Intelligently: Understanding the Cornerstone of Intelligent Document Processing (IDP)
Examples in Banking to Transform Manual Work
In our new series, Automating Intelligently, join WorkFusion experts as they discuss the key role that Artificial Intelligence (AI) plays in extending beyond rules-based automation.Register
In our new series, Automating Intelligently, join WorkFusion experts as they discuss the key role that Artificial Intelligence (AI) plays in extending beyond rules-based automation.
In this first webinar of the series, Kyle Hoback, Janet Joyce and Ryan Buttacavoli will share the key role of AI by reviewing banking examples that require Intelligent Document Processing (IDP) — including KYC Document Processing, Email Inquiries, and Negative News Screening/Adverse Media Monitoring.
According to McKinsey, only 20% of automatable work can be automated with rules — 80% requires Artificial Intelligence (AI). For example, areas in Banking such as Customer Lifecycle Management (CLM) will see well over 50 types of documents, with countless layouts, making rules-based approaches impossible, and requiring additional efficient and effective solutions such as AI. Learn why IDP is needed to transform manual work into more positive outcomes:
- Improved customer experience — reduced cycle times from days and weeks down to minutes
- Increased process efficiency — reduced cycle times
- Reduced cost — reduction of 50–70% of the manual effort
All attendees will also receive a downloadable report: the “IDP Products PEAK Matrix® Assessment 2021” by the Everest Group.