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The pace of business has changed. In order to stay viable, insurers need to make business decisions fast. Insurers that continue to rely on outdated legacy systems and manual, paper-based processes are at a significant disadvantage.
If you’re like most insurance organizations, it’s not always easy to draw the line between where project-based, collaborative content begins and where everyday transactional business content ends.
In search of efficiency, agility and the ability to innovate, insurers are quickly realizing their legacy systems often stand in the way of these goals.
Information is at the core of every insurance process, and, for many years, insurance companies have been focused solely on managing the data they need to make underwriting decisions.
Insurance is a document-driven enterprise. Few industries rival it in the amount of paper handled, and how much that paper impacts personal productivity, process efficiency, regulatory compliance and customer service.
Integrations optimize efficiency a number of ways. Decisions about what kinds of integrations an insurance organization will deploy depend on a variety of factors.
This whitepaper sponsored by The Accounts Payable Network outlines the reasons why process automation is key to successful businesses current and future growth.
With $6 billion in sales, 21,000 employees and locations in 80 countries, Rockwell wanted to implement an automated processing solution to drive increased productivity for the AP function.
Accounts payable has been talking about end-to-end integrated automation for at least 40 years. Today, the technology exists, but resources are limited and end-to-end AP automation is still not standard.
Many companies have turned to imaging and workflow solutions to reduce paper and storage costs, improve customer service with rapid access to documents, and to streamline and automate business processes.
With OnBase Accounts Payable Solutions, organizations take control of their invoice processing while adding value to their existing business applications. And, because OnBase is both affordable and easy to configure, it’s a financially sustainable solution with an ROI that can be realized almost immediately.
