Newgen archived more than 250 million policy dockets (i.e.Greenbank RSL’s data accuracy, integrity, and accountability for department managers have increased by implementing Kyocera’s AI-powered ECM.ECM also promotes consistent data retrieval and safety within the company facilitating compliance with government and industry regulations: ComplianceĮCM gives businesses the power to sift through data and regulate it according to the level of necessity as ECM opens up regulatory pathways by archiving content and data automatically by need. By searching through documents and labeling dates of information, an ECM tool can compile reports that consist of most recent information in the category of interest. IoT sensor data, SaaS content, file platforms, cloud servers, and legacy systems existing in data silos across the workflow are mapped to a single skeleton which makes it easier to manage the data and content types.ĮCM can make automatic document version control. Qualitative Benefits ContinuityĮCM provides a data skeleton for companies that generate data through different technologies. For example, time-series analysis, tree-based machine learning algorithms, gradient boosting algorithms, or neural networks can be used to provide sales or inventory forecasts. Predictive analytics tools integrated into ECM can provide forecasts by extracting historical data from content silos. The oil and gas data was studied by the company’s basin screening team to support decision making about whether investments should be made in certain geological basins in the future. Maana implemented a solution where Natural Language Processing was used to extract information from historical documents about geological basins. For example, customer profiles that are more prone to churn can be identified by employing clustering and classification algorithms. Machine learning algorithms can be used to extract valuable, actionable information from the content data silos.
Improved Decision-Making Processes ML implementation Maana Founder and CEO Babur Ozden pointed out in an interview that just a few years ago, geologists and technicians would spend months studying data from a potential drilling site, where today the same work can be done in a matter of hours or a day.A global investment bank reduced process time by up to 60% per contract by implementing an ECM tool.Greenbank RSL’s invoice process workflow time reduced by 84%.Elimination of such processes can reduce process workflow times significantly. For example, if an employee needs to send a document to another by email or with any other appropriate sharing tool for the business process to continue, this extra process of sending a document will be eliminated. As document processing will be automated, employees of different departments will no longer need any other tool to share content with each other. Reduced processing timeĬompanies can automate some processes to reduce processing time and costs. Management estimates that by expanding the use of Maana to all A/R agents in that division, cash collections would accelerate by $600k per day.ĮCM systems can also support the creation of new revenue by monetizing company’s information assets however this is less frequent. An oil and gas division of a Fortune 50 company improved its accounts receivable (A/R) collections by 65% over the prior year after implementing Maana‘s knowledge management tool.A financial settlement company serving the travel industry, ARC’s financial analysis on the ECM implementation project shows a net present value over 5 years of $185k and an internal rate of return of 15%.eliminated at least 60% of paper and toner costs companywide by adopting an ECM. Greenbank RSL’s processing costs decreased by 50% after implementing an AI-powered ECM.in agency costs by being able to manage all website changes in-house after implementing ECM. With ECM, companies store generated content in digital environments which reduces costs of printing, shipping, and storing documents: ECM helps companies to save costs, preserve critical data, and produce value throughout the lifecycles of contents.
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