Recognition Technology Transforms Data Entry, Improving Productiv

Converting from manual data entry to automated Intelligent and Optical Character Recognition (ICR/OCR) software is fast becoming an issue in the banking and financial industry for those offering wholesale lockbox accounts and services. Approximately 34% of the industry is utilizing ICR-assisted, automated data entry software and is reaping benefits such as increases in productivity and decreases in labor costs. It is estimated the remaining 66% could improve their current platform with the right solution.

No matter which group one may fall into, the need to automate in an all around cost-effective manner is still an issue. The costs with manual keying are obvious, but even outsourcing to a vendor can take a lot of time and money for installation, training, and incorporation with the current lockbox processing system. Only a fraction of the industry knows that this obstacle can be overcome with a more integrative approach offered by Data Management Products (DMP).

DMP designs, develops, delivers, and supports item processing software that addresses the specific needs of bank operations and commercial remittance processing.

http://www.dataentryindia.com

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