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Why Your Business Needs Transaction Processing Services

Why Your Business Needs Transaction Processing Services?

By Business Process Outsourcing, Data Entry Services

Every business, whether big or small, runs on high-scale transaction processing that is essential for the smooth functioning of everyday and overall operations.

Processing large amounts of transaction data can be quite a time-consuming and expensive task. It is not just a matter of processing a large volume of data and allocating precious internal resources to do so. As you expand your services, you will need to hire more and more skilled resources to keep up with the increased volume of transactions.

In fact, simply processing the data is not enough. You need to do it with a great deal of accuracy and on time so that you can stay ahead in these competitive times.

So, what is the perfect solution for processing large volumes of transaction data swiftly and accurately?

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Illuminating the Possibilities of Dark Data

Illuminating the Potential of Dark Data

By Data Entry Services

We have all heard the phrase — “as mysterious as the dark side of the moon,” but the fact of the matter is that in today’s age of space exploration and satellite technology, there isn’t much mystery left. 

So, if mankind has been able to solve the mystery of the dark side of the moon, then why hasn’t it been able to solve the mystery of dark data?

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Data Entry Services and Outsourcing Trends 2020

Data Entry Outsourcing Trends and Global Forecast 2020

By Data Entry Services

In the modern era of digitization, everything runs on data. As we make further inroads into the upcoming age of artificial intelligence and smart automation, the way we capture, extract and process data will undergo a drastic transformation and require smarter data entry services. 

As more and more organizations digitize their records and more businesses start opting for real-time data processing, data entry services need to be well defined and incorporate strong process management aided by technology, especially in the outsourcing industry.

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How ARDEM uses Bots for Collecting and Reporting Data from Surveys

By Automation, Business Process Outsourcing, Business Trends, Data Entry Services

In the Survey Workstream at ARDEM, we process a very large number of Surveys daily. These surveys are for multiple different clients and each survey content and format is different. The processing of surveys requires an excess of a hundred separate steps. Starting with sorting and separating of different surveys, file encryption and decryption, data capture of hundreds of fields, data quality audits, data tabulation, creation of presentation charts and ending with data delivery. As a result, businesses often find this process to be time consuming and inefficient. ARDEM utilizes bots for collecting and reporting data from surveys to help automate this process. Read More

data entry

5 Ways to Achieve Accurate Data Entry

By Data Entry Services, Business Trends

Data entry is an essential part of any business. When data is analyzed, it can provide valuable insight to help drive business initiatives. In order for data to be valuable, it must be accurate. Many businesses implement a manual data entry process but find that trying to balancing both data quality and consistency is a difficult task. Large volumes of data entry need to be organized and completed with quick cycle time in order to maintain its value and achieve accurate data entry. Since human error is one of the most common reasons for inaccurate data, how do businesses ensure the accuracy of their data entry tasks? Read More

Top 5 Technologies Impacting Utility Bill Processing

Top 5 Technologies Impacting Utility Bill Processing

By Business Trends, Document Processing, Utility Bill Processing

Data entry is the most commonly implemented method of utility bill processing. However, traditional data entry methods are incredibly inefficient. While there have been improvements over time, many businesses are still inefficiently entering utility bills by hand. This slow and redundant process has a higher likelihood for errors and a slower cycle time increases the chance of late payments. With the rise in automation technology, businesses have been finding solutions to utilize technologies impacting utility bill processing. Read More

What Are the Challenges of Utility Data Collection?

What Are the Challenges of Utility Data Collection?

By Document Processing, Utility Bill Processing

The need for data has been rising in demand for utility and sustainability providers. Utility data provides important historical and trend data that allows businesses to analyze and forecast usage as well as flag any discrepancies that may arise in a bill. As a result, there is increasing pressure for these companies to build a growing database of utility data that provides greater visibility. The challenge many of these companies are facing comes from the manual nature of collecting bills and entering them into a system. Utility bill management often requires collecting and normalizing data. In order to overcome the challenges of utility data collection, utility solution providers are searching for a more automated solution. Read More

robotic process automation

What is the Key Component to a Successful RPA Implementation?

By Business Process Outsourcing, Automation, Business Trends

Machine learning and artificial intelligence greatly increased the efficiency of businesses by automating various back-end processes. Using tools such as data capture and bots allows a larger volume of data to be extracted and verified to reduce the turnaround time. By utilizing a set of rules, it allows a more uniform and consistent set of data to be extracted. While these modern technologies such as RPA have been shown to increase efficiency, there are often variables that are overlooked which can easily lower accuracy and quality. Read More