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Accelerating Procurement, Invoicing and Compliance Processes

Despite the availability of technology and the proven benefits of digital transformation for Procurement and Accounts Payable (AP), many organizations have not centralized, automated or modernized their entire procure-to-pay process. And, while Gartner reports that some buyers are embracing a cloud-first strategy for their accounting practices, many companies are stuck with antiquated, on-premises technology.

Building a strategy and execution for procure-to-pay is critical to keep up with industry titans who are using this technology as a tool to lower costs, access suppliers and capitalize on payment discounts. In fact, Gartner forecasts the market of investing in procure-to-pay solutions to grow to $5 billion by 2023 with a 5-year compound annual growth rate of about 10%.

Join our moderator, Brandyn Campbell, Ephesoft’s Director of Business Development and special guest panelists from Grant Thornton LLP and Catalytic as they discuss process automation and transformation to explore organizational best practices and a machine learning-powered solution for revolutionizing the Procurement and AP departments.

In this webinar, you will:
-Learn how digital transformation in AP and Procurement departments can turn an understaffed, overworked department into a profit center
-Get SME tips and tricks for organizations in all stages of their AP automation journey
-Explore how machine learning technology can positively impact the P2P process for organizations of all sizes
-Watch a live demonstration segment of innovative intelligent invoice processing
Recorded Feb 24 2021 57 mins
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Presented by
Automation Advisors from Grant Thornton, Catalytic and Ephesoft
Presentation preview: Accelerating Procurement, Invoicing and Compliance Processes

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  • How to Scale Intelligent Automation and Maximize ROI Oct 20 2021 5:00 pm UTC 61 mins
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    Paper documents may be in rapid decline in the financial world but they are being replaced by an even greater number of pdfs and other digital documents which takes time and effort to process. We live in a complex, regulated society where bankers, insurers, investment managers and other financial services professionals must keep track of every customer interaction and business decision. This creates huge “virtual” mountains of structured and unstructured data on everything from loan applications and payments, to insurance claims and investment portfolios, to regulatory compliance and risk management.

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    Today things are changing. More financial services firms are using artificial intelligence (AI) and automation technologies to process their documents and the data in them, because if they do not they will lose their competitive edge and their customers. Intelligent document processing is allowing firms to perform these tasks more quickly, accurately and efficiently while reassigning employees to customer-facing and other more valuable positions.

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    Stephen Boals, SVP, Strategy & Evangelism, Ephesoft
    James Platt, Chief Operating Officer, Aon
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    Workflow options
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    Join us to find out more about:
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    By digitally transforming these critical processes, your mailroom team and every employee can now capture, classify, extract and route mailroom documents and data faster, driving productivity.

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  • Transforming Handwritten and Print Data in a Digital World Recorded: Jul 6 2021 30 mins
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    Despite efforts to eradicate handwritten documents, forms, signatures, letters and other printed data are still alive and rampant. From healthcare, government, insurance and financial services industries to departments like accounting and human resources, many employees must manage the collection of handwritten data. However, hand-printed documents, which have traditionally seen low data recognition rates, do not have to be the death of digital transformation initiatives any longer.

    Join this informative webinar on automating capture projects on handprint and machine print documents and forms.

    -Learn about newly released capabilities for unstructured handprint extraction and the technology behind it
    -Get a behind-the-scenes look at how a document capture project is configured for handprint data extraction, OMR extraction and signature detection
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    Stephen Boals, SVP Strategy and Evangelism, Ephesoft | Keith O’Brien, Industry Specialist - Financial Services, Ephesoft
    As we gain momentum in 2021, COVID-19 and uncertainty have set the stage for economic disruption and a new age of digital service for the banking, financial services and insurance (BFSI) industry. Slow service, bottlenecks in customer applications and inefficiency can lead to lost customers during initial onboarding and processing. BFSI organizations must improve their customer engagement processes to meet customer expectations, increase customer lifecycle terms and maintain compliance with KYC and AML regulations. This speed of service requires an extensive digital mindset and cutting-edge AI technology.

    In fact, a recent survey estimates that only half of banking, financial services and insurance (BFSI) institutions have accelerated their digital transformation or plan to invest in new IT to drive efficiencies (2021 Financial Services Outlook, Deloitte). The real threat is for organizations to do nothing, and expect to survive the turmoil.

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    Recent industry studies have stated that the success of achieving true modernization is directly linked to transforming the classification, access, and automation of documents and unstructured content across the enterprise.

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    Stephen Boals, SVP Business Development & Alliances
    The world is currently grappling with what is becoming one of the biggest crises of our time and the nature of work has been changed forever. Organizations are rapidly transforming their operations to overcome obstacles brought forth by the COVID-19 pandemic.

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    - Why automation has become a necessity for patient claims processing.
    - What you can do to enable remote workers to stay efficient and productive.
    - The best practices that you can implement immediately to improve customer response and employee satisfaction as you protect margins.
    - How an automated patient information management solution is revolutionizing claims processing.
  • AI in Accounting: Are You Average or Best-in-Class? Recorded: May 19 2021 19 mins
    Stephen Boals, SVP Strategy and Evangelism at Ephesoft
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    Join us for a thought-provoking webinar that will have you questioning and strategizing how to improve your current accounts payable processes. Armed with benchmark data and customer feedback, Stephen Boals, SVP Strategy & Evangelism at Ephesoft explores how companies of any size can either settle for being average or easily transform their approach with automation to become a “best-in-class” AP department by leveraging cutting-edge cloud computing and artificial intelligence.

    In this webinar, you will learn:
    -The 4 key metrics that AP departments can measure and use as a benchmark for improvement
    - Benchmarking statistics that compare “average” vs. “best-in-class” departments
    - Next steps for accounting teams to future-proof their processes
  • Automated Document Processing Workflow With Ephesoft and Workato Recorded: May 5 2021 60 mins
    Automation Experts from Workato and Ephesoft
    Reliable and timely of invoice processing routing and approval is highly critical for any business.

    Manual processing of documents results is painful, unproductive, and riddled with errors. It causes bottlenecks that lead to delays in invoice payments, order fulfillment, and loss of customer confidence in your business.

    Watch this Product Hour to learn how you can combine the powers of Ephesoft’s intelligent document processing (IDP) solutions and automations with Workato to set up an end-to-end AP automation workflow, effortlessly extract data from passports, government IDs, visas, W-2s, IR8As, and other documents to downstream systems.
Transform Your Operations with Automation
Welcome to our channel! Ephesoft provides intelligent document processing solutions with industry-leading technology to help enterprises maximize their productivity and drive automation. Using AI and patented machine learning technology, Ephesoft’s platform captures data from documents, enriches it with context and amplifies the power of that data, adding intelligence to accelerate any business process and drive successful digital transformation. Thousands of customers worldwide use Ephesoft to save costs, improve accuracy and fuel their journey towards the autonomous enterprise. Ephesoft is headquartered in Irvine, Calif., with regional offices throughout the US, EMEA and Asia Pacific. To learn more, visit ephesoft.com.

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  • Live at: Feb 24 2021 6:00 pm
  • Presented by: Automation Advisors from Grant Thornton, Catalytic and Ephesoft
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