Process Improvement Blog

Within the insurance world, the term “risk” gets thrown around daily. In fact, the industry itself is comprised of a complicated web of professionals with titles like risk manager, risk analyst and others whose job it is to financially protect people, businesses and property against loss while keeping their own “exposure” to these risks as low as possible for the best financial outcomes.

Watch any pre-1980s era movie or show and inevitably you’ll hear a detective, an advertising executive, or a doctor saying with much authority: “bring me the file on Smith” (or whatever name given to the criminal, company or patient).

Automation is a wonderful thing.  Waking up to a fresh brewed pot of coffee, for example, comes to mind. Automation makes things easier and faster by removing the human element from a repetitive, mundane task or process - while the coffee pot is brewing coffee for you, what else could you being doing with that time? 

We’ve all found ourselves staring at a new employee packet at least once in our careers. Depending on the size and organization of the company, it may have consisted of several stapled sheets of paper (a welcome letter and a list of internal resources with a W-9 thrown in) or an impressive binder with everything from branding guidelines and the latest quarterly magazine to a full-color...

Everyone involved in the purchase of a home knows that seeing a mortgage loan through to the finish line feels more like a marathon than a sprint. The sheer number of individuals and institutions that participate in the process makes it very complicated and time-consuming. But with today’s technology, it doesn’t have to be that way. Here are 6 steps lenders can take to simplify and speed up...

It’s been called the next industrial revolution—Industry 4.0. What is it exactly? Industry 4.0 refers to the leap in manufacturing made possible by the digitization of data, encapsulating the entirety of an organization’s people and processes—from the conference room to the manufacturing floor. This enormous, digitally- accessed data source is the groundwork by which new technologies are...

Of all the benefits that digital technology can offer, an uncluttered lifestyle is topping the list. Instead of amassing record collections or stacks of CDs, we download hundred-song playlists to a pocket-sized digital device. Roomfuls of patient records, student data - entire libraries in fact, can now be accessed quickly and securely, in just a few clicks. Not only is digital information...

It’s hard to imagine how businesses ever got anything done before digital technology. Papers were signed when the mail was delivered. Customers got answers when a business called them back. And many a pen ran dry while employees and office workers tediously filled out form after form by hand.

Reposted from the Tampa Bay Times Website on March 20, 2015

We've talked a lot about process improvement on our blog, and it can sometimes be tricky to work these strategies into a particular industry.

If you work in the financial industry, whether it's mortgage banking and lending, commercial banking, or hedge funds and other high interest opportunities, you have without fail experienced the pains of overwhelming amounts of paper and poorly maintained processes - employees burdened by busy-work, inefficient processes, and lost documents.

Whether in the world of hedge funds and large returns, or traditional banking options, the most important part of any financial institution is the return.

Whether we like it or not, the accounting department, controller position, and even the CFO are aspects of the business environment that won't be going anywhere anytime soon.

Revenue - it's one of the top-of-mind things for executives and decision makers in any industry. How much money can be made, and how much will it cost to make that money.

Accounting, and specifically accounts payable, is a critical part of any business. It exists from the moment the business is founded, and can very quickly become an overwhelmingly large part of the business's daily activities.

"Going paperless" is a term thrown around the business world every day - let's shed some light on just why it's become so common.

"Oh, I can't get to this right now. I'll "Flag" it for later, no problem."

The best and worst part of any accounting department is that it can make or break an organization in an instant.

There are plenty of businesses who use forms both internally and externally.

It may be surprising, but regardless of industry the problems associated to poor (or missing) document management are generally the same.

It's pretty well known that finding the "perfect employee" is a constant effort on the part of organizations everywhere, so it's important to break the idea of "perfection" down into several smaller pieces.

Gallup estimates that the cost of disengaged workers lies somewhere between $450-$550 billion each year in lost productivity. Are employees in your organization contributing to this?

For today's blog, I wanted to take a step away from the typical "benefits and tips for businesses" topics, and look at how pervasive some of the problems we face really are regarding document management and software solutions.

As a manager or executive, it can be hard to adhere to even your own standards and practices that are in place to get the most out of talented employees.

iDatix Sponsors Research on Mobile and Cloud in the Enterprise

AIIM, the leading community of information and document management professionals, announced this week a release of their new report, “Process...