Automating Intelligently: Understanding the Cornerstone of Intelligent Document Processing (IDP)
Examples in Banking to Transform Manual Work
In our new series, Automating Intelligently, join WorkFusion experts as they discuss the key role that Artificial Intelligence (AI) plays in extending beyond rules-based automation.
In our new series, Automating Intelligently, join WorkFusion experts as they discuss the key role that Artificial Intelligence (AI) plays in extending beyond rules-based automation.
In this first webinar of the series, Kyle Hoback, Janet Joyce and Ryan Buttacavoli will share the key role of AI by reviewing banking examples that require Intelligent Document Processing (IDP) — including KYC Document Processing, Email Inquiries, and Negative News Screening/Adverse Media Monitoring.
According to McKinsey, only 20% of automatable work can be automated with rules — 80% requires Artificial Intelligence (AI). For example, areas in Banking such as Customer Lifecycle Management (CLM) will see well over 50 types of documents, with countless layouts, making rules-based approaches impossible, and requiring additional efficient and effective solutions such as AI. Learn why IDP is needed to transform manual work into more positive outcomes:
- Improved customer experience — reduced cycle times from days and weeks down to minutes
- Increased process efficiency — reduced cycle times
- Reduced cost — reduction of 50–70% of the manual effort
All attendees will also receive a downloadable report: the “IDP Products PEAK Matrix® Assessment 2021” by the Everest Group.
Speakers
Kyle Hoback
Director, Intelligent Automation
WorkFusion
As WorkFusion's Director, Intelligent Automation, Kyle helps Banking, Financial Services, and Insurance leaders understand how Intelligent Automation is improving operational efficiency and enhancing customer and stakeholder satisfaction. Before joining WorkFusion, Kyle consulted public and private sector organizations on more effectively using their data and systems.
Janet Joyce
Account Executive
WorkFusion
As WorkFusion's Account Executive, Janet advises financial institutions on achieving business value from AI-driven Intelligent Automation by improving operational efficiency and enhancing the customer experience. Prior to WorkFusion, Janet focused on enterprise IT and data technology solution adoptions primarily to leading financial services companies at a global system integrator and a few leading enterprise software companies.
Ryan Buttacavoli
Account Executive
WorkFusion
As an Account Executive at WorkFusion, Ryan is a trusted advisor who enables his customers to adopt and scale intelligent automation as a key component of their digital transformation strategy. Ryan’s background in Solutions Consulting has equipped him with deep product expertise that allows him to guide his customers towards use cases that are a good fit for automation and drive program objectives. Prior to joining WorkFusion, Ryan was a road warrior at Booz Allen Hamilton where he led software implementations for enterprise organizations. Ryan received his bachelor’s degree from Rutgers Business School and spends his free time cooking, traveling, and trail running.
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