Fall is finally beginning to set in as the days are getting shorter, the nights are getting cooler, and fall activities are in full bloom. But it is not all fall fling for everyone. Mailrooms around the country are picking up the pace as the year comes to a close. They are sifting through mounds of quarterly financial statements, back-to-school documents, order forms, legal documents, and more — as paperwork builds just like a pile of leaves.
For at least a generation, enterprises have deployed modern enterprise resource planning systems to support their back end business functions. Those legacy solutions use OCR technology to capture and archive images of the hundred-thousands of invoices and purchase orders yearly. However, over the past decade more dynamic capabilities such as intelligent data capture and automated workflow have convinced finance executives and other organizational decision makers of the benefits of a more robust AP/IP solution. But for small to midsize enterprises (SME), or middle market, the luxury of an equivalent solution seemed beyond reach — until now.
Working with a team of claims professionals, data scientists, and law enforcement professionals with a background in insurance investigations and special investigation unit (SIU) protocols, the Riverside County District Attorney successfully won their case after evidence was presented to the grand jury over a six-week period.
Many businesses have embarked on “digital transformation” journeys with the goal of better understanding and anticipating market drivers and optimizing the end-to-end customer experience. But not everyone is prepared to overcome what has emerged as perhaps the greatest threat to achieving digital transformation: content chaos.