Intelligent Document Processing for Financial & Insurance Organizations

Elevate the Customer Experience

When employees can quickly scan customer documents at the point of origin, the data becomes available for everyone in the approval chain immediately. No time is spent manually keying data into applications and forms, and nobody has to correct data entry errors downstream. Upgrading your organization’s document automation technology simplifies data onboarding and elevates the experience for both customers and employees.

Office scanners from Kodak Alaris are like a coworker you can count on, and they have won many industry awards for their speed, accuracy and ease of use — enhancing productivity where it matters most. Instead of having employees leave their desk and walk up to a shared multi-function device to activate the scanner option, they can instead have a dedicated compact office scanner right on their desks and continue interacting with customers. They simply load documents, press a button, and they’re done. The data gets where it needs to be, with reliable speed and accuracy, so employees can spend less time scanning and more time serving customers.

Protect Information

Regulatory requirements and sound business practices require strict attention to data privacy, accuracy and verification. In finance and insurance, this often means having to securely digitize a variety of different media types, such as driver’s licenses, checks and oddly sized forms. Document scanners from Kodak Alaris process data exclusively through volatile memory to ensure that all data is erased upon shutdown, and they use the latest security protocols and technologies to protect sensitive information.

The immediate availability of information improves collaboration among departments and supports key decision-making. In financial and insurance organizations, digitizing paper records is only one step in this much larger process, which involves onboarding documents of various types from many sources, including email attachments, web forms and mobile uploads. KODAK Info Input Solution is AI-enhanced intelligent document processing software that automates the process of secure data onboarding from any location, to help protect information and ensure that data quality, security and compliance standards are maintained from start to finish.

Invoicing & Accounts Payable Processing

Invoice processing the old way involves manually entering data into accounting systems, verifying and matching invoices with purchase orders, and then finally processing payments. Each step along the way is prone to human error, leading to issues such as duplicate or delayed payments, missed discounts, and failure to identify potential fraud. With intelligent document processing (IDP) powered by trusted AI services, businesses today are transforming their accounts payable function to redefine business productivity and efficiency.

KODAK Info Input Solution is an advanced IDP platform that automates document processing workflows with near-perfect accuracy. From any location, it serves as a reliable front end for employees, onboarding documents from various sources, extracting and validating the data, and delivering it securely into payment management systems. When paired with our industry-leading document scanners to efficiently convert paper invoices into digital data, the entire accounts payable function becomes a strategic advantage.

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Digitizing Bulk Records

The process of digitizing older customer records is a burden many financial institutions face. It can cost years of productivity for employees, not only in the conversion process, but in the time spent finding, referencing and preparing countless paper records before they can be scanned into financial systems. With industry-leading production scanners from Kodak Alaris, financial and insurance companies are accurately processing paper archives at high speed, even mixed batches of document types in various sizes and physical conditions.

Digitizing records eliminates error-prone manual data entry workflows and the storage and retrieval costs associated with paper. It also enables immediate searching and data sharing across departments and functions. Our heavy-duty production scanners are rugged workhorses that provide consistent all-day operation, and they’re built with features that minimize manual labor throughout the scanning process.