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The Evolution of Intelligent Document Processing with AI and Machine Learning

If there is one thing that seemingly never ends in business, it’s paperwork.

Today, intelligent document processing is a critical part of any company’s day-to-day operations. It covers a litany of departments and processes, from the C-Suite to HR, hiring, onboarding, training, and beyond. While it plays such a major role, it doesn’t often receive the attention and conversation it deserves. 

In the wake of a post-pandemic world, people are still trying to figure out what does and doesn’t work for them and their companies. We’ve learned that there is a lot we can do from a remote environment. We’ve adjusted to new work styles and emerging technologies at an increased pace. Essentially, we’ve accelerated. It should follow suit that the foundational aspects of our business should match this cadence of transformation. But all too often, this is not the case.

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A New Era for Automation with Intelligent Document Processing Systems

One area in which we’ve seen significant advancements in recent years is automation.

Artificial intelligence (AI) and machine learning have paved the way for businesses to expedite certain processes, leaving more space and time for people to accomplish uniquely human tasks.

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The popularization of AI doesn’t mean fewer jobs for people and more for machines—it means humans can focus on the big picture, strategic goals, and objectives. Wasting time on menial tasks that could easily (and sometimes more effectively) be accomplished by machines is no longer necessary. 

Companies are bringing the power of AI and intelligent document processing to life. Their solutions make it possible to streamline various aspects of businesses, from the mailroom to onboarding and more. 

With a properly centralized document processing system and hub, you can reduce the number of errors occurring in your company’s paperwork, increasing efficiency and ensuring that information about your documents is correctly stored in one place. Intelligent Document processing systems can easily be paired with Cloud storage to help capture data and images. With a Cloud system, you won’t need to worry about hard copies for signatures or approvals, nor will you need to send someone to run a document from a mailroom or office to different locations throughout your building. When documents are scanned, processed, and stored in a Cloud system, employees can securely access the information from anywhere. 

When it comes to automation, it’s no secret that modern capture technology saves you time.

But did you know that it can also save your company money?

These systems can increase your ROI by consolidating and centralizing information, saving you time, money, and manpower in the long run. The faster and more efficient your systems, the better you can get work done for your clients and company as a whole. 

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Intelligent document processing has come a long way since the days of needing a secretary to sort through each individual piece of paper that came through an office. Modern advancements make this practice obsolete, if not archaic. AI holds the keys to a brighter, more efficient future for companies wanting to scale processes. 

[To share your insights with us, please write to sghosh@martechseries.com]

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