If your firm is like most, your employees are drowning in data and starving for information that will lead to better decisions and more agile and efficient processes.
Every single day we, as a connected, mobile workforce create vast amounts of data. In fact, a recent Cisco report indicates that by 2020, data center storage installed capacity will grow to 1.8 ZB, up from 382 EB in 2015 - nearly a 5-fold growth.
While ERP systems have been designed to manage structured data, the growth that’s making big data even bigger is largely driven by unstructured data. That’s the information captured in things like documents, emails, images and videos.
For most companies, valuable data is trapped within all of this unstructured content in a way that requires it to be sorted, filed and extracted and entered into by manually typing it into an ERP or ECM system.
This creates a major operational bottleneck that limits a company’s ability to make informed decisions quickly. As a result, the visions that companies are beginning to embrace around business intelligence, process automation and digital transformation are hamstrung by a lack of timely, reliable data.
Today, technology to solve the common challenges of manual business processes are readily available and affordable.
Today’s digital transformation technology incorporates intelligent data extraction capabilities to handle a wide range of unstructured data trapped in scanned paper and digital documents and correspondence.
These technologies allow a company to:
Artsyl focuses on solving the most painful, manual steps in common business processes; document handling and routing, transaction data entry and validation and reports/process monitoring.
By relying on Artsyl solutions for extracting data from scanned paper documents and electronic files, customers achieve more timely access to data and can automatically eliminate duplicate documents/data.
With timely access to reliable data, companies can achieve better visibility over financial KPIs like general ledger accruals and cash flow. They can optimize days sales outstanding and achieve better analysis and insights about customer purchase behavior.
Artsyl’s docAlpha digital transformation platform provides intelligent capture, data validation, automated workflow and ERP/ECM integration to fully automate data/document-dependent processes.
While docAlpha is designed to handle any type of document in support of any business process, Artsyl offers process-specific applications to simplify and streamline implementing automation for common back office processes like AP invoices and sales orders.
InvoiceAction minimizes the cost, complexity and time required to implement a complete AP automation solution for vendor invoices.
OrderAction automates and streamlines sales order processing, delivering more complete, timely buyer behavior data while reducing order cycle times and days sales outstanding.
ClaimAction streamlines and simplifies the process healthcare providers rely on to submitting and tracking insurance claims.
Learn more about docAlpha.
Learn more about InvoiceAction.
Learn more about OrderAction.
Learn more about ClaimAction.
Read a Case Study.