GOAL - greatly reduce human touchpoints (costs), improve quality, improve turnaround time and provide greater visibility
Industry estimates state more than 70% of manual processes can be eliminated through software - Robotic Process Automation (RPA), and Intelligent Process Automation (IPA).
Many companies deal with error prone, inefficient, manual processes
Manual, repetitive task, (data entry, validation, lookups, stare and compare audits) can be completed by RPA software
Task requiring SME input can have portions of the process automated by FXT powered IPA software
FXT can review and provide solutions to improve your processes
RPA/IPA Opportunity Automation Examples
Data entry, data extraction, data tagging for document search
Data transfer to/from third-party and non-integrated internal systems
Reading and compiling data pulled from multiple sources and formats
System data verification versus documents, source data files
Data verification across documents
Ordering services, case numbers or verifying statuses
Processing transactions that are not automated in the core system
Performing workflow management
Processing audit trails
FXT provides accurate/accessible information
FXT's cloud based AI powered solution:
Separates and recognizes documents
Extracts data from documents as required
Ingests information/data from portals & 3rd party data sources
Compares/validates data points from documents and digital sources
Communicates with source system to procure missing documents
Flags exceptions for review
Creates output as required for downstream processes
FXT can provide resources to validate low confidence data
System | Service | Solution
Customization of services per client requirements
Multi-tier document and data verification process
Cost Savings
Automated services:
Increase efficiencies
Reduce operational costs/FTE expenses
Replace error-prone manual processes and associated rework
Reduce document review (stare and compare) time
Your team focuses on processing exceptions:
Allows staff to concentrate on higher value task
Your automated indexing services reduce your operational costs while improving the quality of the extracted text
Technology reduces document review time so your staff can focus on exceptions rather than matching data
Speed
Produce a marked improvement in pre-funding and post-closing timelines
Automated document management & extraction process for reduced processing times
Security
Stringent data privacy and confidentiality agreements
Setup of permission based on customer requirements
