Energy companies are faced with a proliferation of compliance oversight and reporting requirements from FERC (Federal Energy Regulation Commission), U.S. Commodity Futures Trading Commission (CFTC) and Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act).
The docAlpha intelligent process automation platform empowers energy/utility companies to manage complex regulatory mandates, and identify, control, and mitigate risks by achieving transparency across their documents, data and systems, while gaining efficiency and positive business transformation by automating document-dependent business processes.
Beyond compliance, docAlpha can help energy companies to improve responsiveness and enhance customer service by delivering instant access to data and documents, when and where they are needed.
The docAlpha intelligent process automation platform extracts information from documents and forms to automate processes, including:
Globalization, deregulation, joint ventures and commodity pricing have dramatically changed the Energy & Utilities competitive landscape. From contractual reporting to health and safety oversight, auditors are demanding that contract administrators actively comply with industry standards and practices, including requirements from FERC (Federal Energy Regulation Commission), U.S. Commodity Futures Trading Commission (CFTC) and Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act).
Staying on top of these reporting and compliance requirements becomes even more complicated when energy businesses use paper-driven processes. These processes bog down back-office tasks with collection, sorting, routing and matching duties, complicating an already labor-intensive task. Fortunately, there is a way to streamline the process with intelligent process automation for energy companies.
Today’s digital transformation technologies incorporate intelligent data capture capabilities with machine learning and OCR/ICR/OMR based data extraction, enabling energy and utility companies to extract data from digital documents more quickly and accurately. Artsyl perfects this process with its prepackaged, advanced capture solutions, solving the most painful document-based, mission critical processes in the energy industry.
With Artsyl Intelligent Process Automation Technologies, energy and utility companies can:
With these intelligent automation solutions, energy companies can effectively eliminate costly paper-based mission critical processes, eradicate duplicate data and improve visibility and efficacy overall.
Artsyl’s docAlpha digital transformation platform empowers energy and utility companies to manage complex regulatory mandates, and identify, control, and mitigate risks by achieving transparency across their documents, data and systems while gaining efficiency and business transformation.
The docAlpha system accomplishes all this with intelligent data capture and validation, as well as workflow automation features that allow energy and utility companies to automate their data and document-dependent processes. With this intelligent data capture technology, energy and utility companies can classify, extract, sort and file large volumes of paper and digital documents very quickly. These functions bring numerous benefits to your business, from improved compliance and reduced costs to enhanced customer service.
The docAlpha intelligent process automation platform extracts information from documents and forms to automate and improve several processes, including:
Browse our site for more information about docAlpha and its specific capabilities.
The docAlpha intelligent process automation platform can automate the process of capturing compliance documents and data, organizing everything and making it instantly accessible to any stakeholder. With workflow automation and approval processes based on captured data and documents, docAlpha boosts process transparency, business transformation, and delivers instant auditability through detailed digital paper trails.
Market demands, government policies and regulations, and increased compliance requirements drive the need for Energy & Utilities to optimize contract management processes to improve asset and resource utilization. With docAlpha, energy companies can use intelligent data capture to digitize all contract- and compliance-related documents, extract relevant information, automate contract approvals, monitor for expiration dates and key deadlines for decisions and reduce decision cycle times.
docAlpha enables Energy & Utilities to automate and simplify their customer service, maintenance and billing processes related to service orders, meter maintenance, energy bills, utility bills and metered/ unmetered services. In fact, by simply automating the capture, data extraction and routing of payables and receivables documents with the accounts payable automation and sales order processing solutions by Artsyl, businesses can reduce invoice processing costs by more than 80% and significantly reduce cycle times, errors and bottlenecks. Intelligent workflow automation for energy/utility billing functions also has the benefit of increasing customer relationships, since document and data accessibility drive customer interaction quality.
Contact a Artsyl Technologies sales representative to discuss how the docAlpha Digital Transformation Platform and intelligent data capture technology can improve the quality of your document-based mission critical processes. Schedule a discussion or demonstration today.