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 smart process 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 by automating 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 smart process 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 digitization and digital data extraction for energy companies.
Today’s digital transformation technology incorporates intelligent data extraction capabilities, enabling energy and utility companies to extract data from digital documents more quickly and accurately. Artsyl perfects this process with our energy and utility company data capture technology, solving the most painful back office processes in the energy industry.
With Artsyl Technologies, energy and utility companies can:
With these Artsyl solutions, energy companies can effectively eliminate costly back-office 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 by automating business processes.
The docAlpha system accomplishes all this with intelligent data capture and validation, as well as automated workflow features that allow energy and utility companies to automate their data and document-dependent processes. With this energy and utility company digital data capture technology, 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 smart process 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 smart process platform can automate the process of capturing compliance documents and data, organizing everything and making it instantly accessible to any stakeholder. By automating workflow and approval processes based on captured data and documents, docAlpha boosts process transparency 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 digital data extraction 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, docAlpha can reduce invoice processing costs by more than 80% and significantly reduce cycle times, errors and bottlenecks. The process also has the benefit of increasing customer relationships, since document and data accessibility drives customer interaction quality.
Contact a Artsyl Technologies sales representative to discuss how the docAlpha Digital Transformation Platform and energy company data capture technology can improve the quality of your back-office processes. Schedule a discussion or demonstration today.