Posts

What is Straight Through Processing & How Can it Benefit Your Organization?

  Introduction Innovation is the key to bringing efficiency to and boosting productivity in an organization. Routine and mundane tasks are slowly being taken over by automation across different industries. Automation has the ability not only to speed up the processes but also can increase accuracy which in turn reduces human errors. Straight Through Processing is one such addition to documenting automation processes that can help in boosting operational efficiency in an organization. When it comes to processing invoices, receipts, purchase orders and so on, an organization has to deal with tons of paperwork. Apart from that, human intervention is a must at all stages. This can create certain delays in processing critical documents and leading to backlogs and delays in the production & distribution of goods and services. It is estimated that employees spent up to 40% of their time only searching documents manually . Combining the strengths of advanced OCR technology and Straight...
Recent posts