Consider how long it takes for an employee to confirm everything on a POD processing form. When everything can be scanned using RFID technology, it can be confirmed instantaneously, cutting hours of work down to seconds. This opens up room for training employees into more profitable roles, allowing you to reinvest for a greater return from your team.
Every one of the aforementioned benefits will save you time and money, but automating your processes does the same more directly, as well. It takes a lot of money to keep that all organized. Making the jump to digital eliminates all of that. Compared to manual data entry, automatic data entry greatly reduce errors. Company documents can be filled out, stored, retrieved and used more accurately. Fewer errors mean less money wasted. The rule states:.
The more streamlined your processes, the more efficient your business. However, automation can quickly pay for itself. Goldman Sachs estimated in , for instance, that automated data capture costs are only about a third of less-efficient manual data capture costs.
Much of this savings comes from accelerated processing speeds and the reduction of human error. This model provides a simplified idea of how much it will cost to manage errors or other problems in business processes.
Another way of looking at this model is in terms of cost savings. In this context, automated data capture is an up-front cost that will deliver tremendous savings over time simply by avoiding the problems associated with manual data capture. For most organizations, forms make up the majority of information sources that need to be entered into their systems.
In a manual data capture process, an employee must sift through each form by hand and enter information contained in the form fields into the computer. To see how automated form data capture functions as part of a larger document workflow, consider the following diagram:. Scanning a document is the first step in processing the form.
The scanned form then goes through image enhancement to remove speckles and other noise that might interfere with the identification and extraction process. After cleaning, the form is aligned with a template to match the image to form fields by an application that searches predefined areas on the form for specific fields. The form image consisting of lines and instructional text is often dropped out of the document, leaving behind only the form information itself for improved recognition.
For hand-printed forms, intelligent character recognition ICR is used to identify characters and convert them to searchable text. For example, the information on a rental application, such as name, current address, employer and so on is digitized by the process and stored as a record in a data file.
A data capture solution, however, is only as good as its accuracy. If too many instances are being sent through for review, the benefits of automation could quickly diminish. Learn more about what FormSuite can do for your application by downloading a free trial and testing its capabilities within your production environment. Login Toggle navigation. Login Solutions Industries Products Products. ImageGear Collection ImageGear. It also helps to lower carbon footprint. EDC minimises the need for physical storage space and saves on paperwork management time, whilst reducing paper usage and producing less waste.
Cleardata can help you work towards a paperless office that saves serious money, office space, and staff time. As you can see, there are many advantages to using electronic data capture for business. It increases productivity and data accuracy whilst reducing waste, processing times, and cost. If you wish to discuss EDC further, please get in touch on , and a Cleardata expert will be happy to assist you. Cleardata is a company registered in England and Wales.
Registration number - , VAT Number Contact Quick Quote. Quick Quote. Data efficiency and document processing speed Electronic data capture enables businesses to capture information quickly and efficiently, improving document processing performance and customer satisfaction. Data accuracy Cleardata can perform verification checks , monitoring data for any inconsistencies or incorrect formats.
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