Insurance companies have seen their organic growth decline, struggled with their ability to obtain new, skilled talent and are fearful as to how they will keep up with new cutting-edge insurtechs and other digital providers entering the market. Luckily, business automation technology can help traditional insurers stay in the game and address these problems.
As a huge disruptor to the financial industry, traditional banks will need to join the blockchain movement to keep up with emerging digital competitors. Read on to see 4 of the major ways banks today are using blockchain to streamline processes.
From a linear, narrow workflow to a task-centric workflow to advanced workflow software that integrates additional technologies, workflow has been integral since it was first introduced as a way to manage business processes. Read on to see how workflow has evolved over the past couple decades.
Like any implementation, document capture needs a lot of prep work to deliver the desired results. Some of the most important steps in capture happen even before the technology gets involved: it’s preparing your documents in a way that will give your cognitive capture application the best chance to succeed.
Before implementing any new technology that claims to increase efficiency, current underwriting processes need to be straightened out so that they make the most sense for the actual decision-makers—the underwriters. Let’s explore a few of the fundamentals that every insurance provider should keep in mind in order to execute a successful accelerated underwriting solution.
Content services represents a new way of thinking about how content and data should be managed in a business environment. In the past with “ECM,” the importance of managing content was mostly placed on how it would be stored and organized. Content services prioritize insights that can be extracted and analyzed from the content.
IBM’s Business Automation Workflow (BAW) is a combination of IBM Case Manager (ICM) and IBM Business Process Manager (BPM). This means that IBM has brought case management and BPM features into a single tool: BAW. Read on to see what you need to know to begin taking advantage of BAW’s new features.
Before you jump right in to an Automation Anywhere RPA solution, it’s important to understand that Automation Anywhere’s bots have very different capabilities and are not “one-size-fits-all.” It’s important to understand your business needs and current environment to find your perfect ‘bot’ match.
The demand from today’s customers for digital banking is here and is not going away anytime soon, but the reality is banks are still struggling to make the jump. The two biggest problems that banks face when considering how to streamline paperless banking lie in the infrastructure of the banks.
With the DBA platform, IBM has carefully brought together their “best in breed” functions. All the products now easily integrate to provide full automation functionality as a single unit. Read on to see how to upgrade to IBM DBA seamlessly.
Even though the concepts of ECM and content services are supposed to accomplish the same things, the change has to do with the core infrastructure of a company and how enterprise compliance and system integrations can be made easier. The meaning of ECM evolved as the need for storing content on one platform began to dwindle. How organizations manage their content based on their particular initiatives became more important than how and where the content was being stored.
Although the benefits of RPA are abounding, any major change in technology that will alter your employees’ daily activities will require efficient preparation and change management. Here are some tips to get your team geared up for the inevitable technological evolution.