Overcoming challenges with document processing

Automating operational activities is very important for organizations looking to minimize costs, increase productivity, and enable faster go-to-market cycles. Typically, operations that are at the core of these businesses are prioritized for automation. Back-office support processes, including administrative tasks, are often relegated to the bottom of the priority list because they may not be deemed mission critical. According to this Industry Analysts report (https://www.industryanalysts.com/111015_konica/, written in 2015, with data collected from sources such as Gartner Group, AIIM, the US Department of Labor, Imaging Magazine, and Coopers and Lybrand, and accessed on March 30, 2021), organizations continue to be reliant on paper-based documents, and the effort required to maintain these documents poses significant challenges due to the lack of automation and inefficiencies in the document workflow.

Many organizations, such as financial...