Additionally, the efficiency of a company’s claims function can often act as a measure of its client satisfaction while also playing a crucial role in regulating the balance sheets for summarizing payouts and premiums against expected profit or revenue.
As a crucial service sector, logistics operations must have the ability to continue uninterrupted despite any disruptions or even unprecedented situations. Apart from the physical journey itself, there is an extensive trail of paperwork that needs to be verified, processed and delivered on time to execute a successful logistics run.
However, while automated OCR or optical character recognition has brought about a revolution in the standard invoice management process, it’s not enough on its own to carry out a successful accounts payable operation.
As the demand for COVID-19 testing continues to rise, it’s creating an additional burden on all testing and diagnostic laboratories to deliver fast and accurate results for the ever-increasing volume of incoming tests.
The global business process outsourcing market is expected to grow by 105.49 billion USD between 2020 to 2024 and this spike in numbers can be attributed to the transformation brought about by automation.
