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Automation of Payment Process

Whitepaper

Automation of Payment Process

Automation has now pervaded a significant part of most industries, whether we consider Banking, F&B, Textiles, or even Education. Accounts Payable, as a function, has also understood the importance of automation - the last few years have witnessed the function changing into an intelligence hub for business-critical data, whereas earlier it was just a back-office function.

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Automation in Banking Addressing Financial Risks

Whitepaper

Automation in Banking Addressing Financial Risks

Financial companies are adopting automation as a disruptive force to address the challenges in their daily operations, which includes the majority of financial transactions. The companies need to understand that in order to control the financial risks, adhere to compliance requirements and to stay ahead of the game, they need to leverage automation technologies like advanced Robotic Process Automation(RPA) and Artificial Intelligence (AI).

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Redefining Corporate Finance

Whitepaper

Redefining Corporate Finance

The Corporate Finance function is largely driven by standard policies and procedures. Many companies conduct finance operations manually and use extensive paperwork, facing the risk of documentation errors and delays in processing. Bringing in technologies and processes to address a plethora of mundane tasks, can potentially increase accuracy and speed while freeing up time for finance professionals to focus on more value added work for the organization. However, finance leaders must look beyond the usually quoted clichés of appending a value to the business and existing operating models. Instead, it’s vital they consider innovative ways of producing better performance, contributing to more diverse and rewarding communication and enhancing resilience with cognitive technologies. In this paper, we proffer a hypothesis and examine the possible future of the Corporate Finance through Automation, that harnesses the power of cognitive technologies.

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AI & NLP Based Claim Processing Automation Solution Reduces Resolution Time By 80% for European Airline

Case study

AI & NLP Based Claim Processing Automation Solution Reduces Resolution Time By 80% for European Airline

ITC Infotech conceptualized and developed a next-generation automation solution designed specifically for the airline business. The solution enables automation of passenger claims and grievance redress mechanism.

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