Digital Age. Digitization For a Paperless Environment. Sumanth M Rajini Kantha

Similar documents
Aetna optimizes performance and scalability

Solution Brief. Infosys Virtual Banker. A Unified Communications Solution. Abstract

MDM The Cornerstone of Customer Centricity

ASAP implementation approach for SAP ERP implementation has five major phases as shown in below picture. Fit and Gap Analysis (FGA) is very critical

Solution Definition & Structuring. Solution Rollout Process. Implement Changes Rollout in team Business processes. IT Application Setup

MRO Supply Chain Optimization in

The λ Validation Model

ANNOUNCEMENT CAMPUS CONNECT SOFT SKILLS PROGRAM

02. Mobile Payments: Sustainability of Business Models Payment Cards: Trends, Challenges and Innovations 25

Digital Infrastructure and Economic Development. An Impact Assessment of Facebook s Data Center in Northern Sweden executive summary

seeing the whole picture HAY GROUP JOB EVALUATION MANAGER

Fact sheet DTZ Fair Value Index TM methodology

at the pace of business Leadership development In-house programs available! The Leadership Express Series Ottawa, ON

Denied Boarding Eligibility

What Makes Cities Successful Randstad on the World Stage

Accredited TOGAF 9, ArchiMate 2 and IT4IT Training Course Calendar June 2016 onwards

The Data Center of the Future: Creating New Jobs in Europe

DHL Global Energy Conference 2015 Outsourcing logistics Enhancing innovation or increasing risk?

Goodbye Spokesperson, Hello Steward

Denied Boarding Eligibility

T&E. Where Business Travelers Spend Money

Opportunities for Action in Financial Services. Sales Force Effectiveness: Moving Up the Middle and Managing New Prospects

Freight Forwarders: Thinking Outside the Box

Greater than the Sum of its Parts: Professionalizing the Supervisory Board

Opportunities for Action. Shared Services in Operations and IT: Additional Complexity or Real Synergies?

Accredited TOGAF 9 and ArchiMate 2 Training Course Calendar February 2016 onwards

Opportunities for Action in Consumer Markets. To Spend or Not to Spend: A New Approach to Advertising and Promotions

Indian E-Retail Congress 2013

02. Mobile Payments: Sustainability of Business Models Payment Cards: Trends, Challenges and Innovations 25

Opportunities for Action. Achieving Success in Business Process Outsourcing and Offshoring

CONSULTING SERVICES Business & technology consulting and managed services

CERTAINTY INGENUITY ADVANTAGE. Computershare Offshore Local experience with global reach

Opportunities for Action in Industrial Goods. Winning by Understanding the Full Customer Experience

Walid Tohme Jad Bitar. Healthy Links Bringing Interoperability to Healthcare Delivery

Real Estate. Expertise of a boutique. Reach of a global firm.

Synopsis: In the first September TripCase product release there will be several big updates.

Ken Favaro Ashish Jain Samuel Bloustein. Small Business Banking Customers An Attractive Segment for Organic Growth

STREAMLINE YOUR TRADING COMMUNITY TRADING COMMUNITY SERVICES

Human Resources Specialty Practice.

CRITICAL THINKING AT THE CRITICAL TIME CONSTRUCTION SOLUTIONS

2015 City RepTrak The World s Most Reputable Cities

Be clear about your talent management goals

Cargo Sales & Service Presentation

managing talent to meet pharma s next great challenge: global market access Life Sciences and Healthcare Services

Customer Relationship. Opportunities for Action in the Pulp and Paper Industry. Management in the Paper Industry

Guide. Axis Webinar. User guide

Global Cities Which global cities are performing best today, which have the best long-term potential, and what makes a smart city?

ROLE SPECIFICATION INTERNATIONAL FINANCE CORPORATION

Coaching Executives: Building Emotional Intelligence

SRM How to maximize vendor value and opportunity

Generating Serialisation Code with Clang

Opportunities for Action in Financial Services. Transforming Retail Banking Processes


The World s Most Competitive Cities. A Global Investor s Perspective on True City Competitiveness

Opportunities for Action in Technology and Communications. Creating Value in Mobile Telecom: Beyond ARPU

Opportunities for Action in Industrial Goods. The Price Is Right: Optimizing Industrial Companies Pricing of Services

Global Real Estate Outlook

Cargo Sales & Service Presentation. Air Logistics UK

Rents continue to recover. Global Office Index Q2 2014


How CPG manufacturers and retailers can collaborate to create offers that will make a difference. Implications of the Winning with Digital Study

Seamus McMahon Ashish Jain Kumar Kanagasabai. Redefining the Mission for Banks Call Centers Cut Costs, Grow Sales, or Both

Aiming for Outsourcing Excellence

Phoenix Agenda Inside Tomorrow s Retail Bank

1999 COMMUNICATIONS STUDY LINKING COMMUNICATIONS WITH STRATEGY TO ACHIEVE BUSINESS GOALS

Elements of an Organization That Can Work For the Police

The Real Supply Chain Challenge Leadership and Talent Management

board solutions litigation support services Executive compensation

How to Become a Procurement Champion

For Issuers. Helping to improve the marketing of structured products

Opportunities for Action in Financial Services. Growing Profits Under Pressure: Integrating Corporate and Investment Banking

Opportunities for Action in Operations. Working Capital Productivity: The Overlooked Measure of Business Performance Improvement

cybersecurity dinner 2015

Vinay Couto Ashok Divakaran. Outsourcing and the CFO The Balanced Delivery Model for Finance and Accounting

Global Office Thermometer

Sunil Sachan Gaurav Moda Abhishek Sharma. Reorganizing for Growth Capturing the Opportunity in Engineering Services

Competing for Small Business P&C Insurance. Strategy for growth

Define your goals, we ll do the rest

Gross Domestic Product (GDP-PPP) Estimates for Metropolitan Regions in Western Europe, North America, Japan and Australasia

Opportunities for Action in Information Technology. IT Outsourcing Rediscovered: Getting Your Share This Time Around

Cities Research Center I City Momentum Index

Internet of Things, a key lever to reduce CO 2 emissions

Transcription:

Digital Age Digitization For a Paperless Environment Sumanth M Rajini Kantha In today s world, leading organizations are striving towards a paperless environment as it saves paper, is an eco-friendlier alternative and cuts down cost dramatically. Digital Mailroom solution is the answer for organizations to achieve this - by making optimal utilization of technology, facilitates speedy processing in an environment free of hassle or errors, improves end-customer satisfaction and enables cost savings for the organization.

Introduction Organizations thrive on communication from customers, employees, stakeholders, vendors and many others. This leads to inflow of paper documents via letters or fax. When the business correspondence increases there tends to be higher volumes which would get unmanageable over a period of time. Organizations tend to move towards paperless office due to various factors like Unmanageable high paper volumes, Time consuming process for identification, sorting and delivering to the end user, More storage space as paper tends to take more space leading to storage costs, possibility of documents getting damaged due to climatic changes and pests Misplacement of documents higher volumes can lead to mismanagement of paper Storage cost of documents for future reference Increase costs by taking a photocopy of the document for future reference, which further takes more space Outward documents also would need storage space for maintaining the photocopy for future reference which increases, postage and delivery costs Benefits of converting Paper to Electronic form: Automation to ensure high degree of traceability and accuracy Streamlined and IT-enabled processes ensure a high degree of reliability, reconciliation and high productivity enabling to tackle large volumes, without having to rely on high levels of manpower Systematic handling of documents Improves the processing speed Enables fast retrieval by multiple users in multiple locations For outward documents, switching over to email based delivery of letters, intimations, notices except in few critical mails for large number of returned undelivered Paper-less office to paper-less delivery by phasing out paper based notices, intimations, letters and replacing by email, SMS, website driven delivery to customers Digitization Mail room: To have a better and a systematic control over paper, the inward documents need to be given an Identity. This is to ensure that the documents can be traced at any point of time. The Mail room would need to be a secured area for tracking all the inward and outward documents. All documents need a scanned image, as post processing all Physical documents could be shifted to the warehouse for storage. But there would be a requirement for interim storage of the documents i.e. the work in progress, during processing. All the scanned documents need to be directed to the respective queues for further processing, by the users. Post processing and once the decision is taken upon each document, outward documents are to be generated, printed and sent to the end user by email, SMS or in critical cases by post. For grouping the various categories of Inward and Outward documents, the category of communication is identified for each document type. Each inward document would need to be allocated an inward communication code and each outward document to be allocated an outward communication code. All types of identified documents would need to be in a structured format inclusive of electronic form or physical document which would enable systematic tracking of the documents in the Portal or the automated interface. High speed scanners are used to create the image of the physical document. The scanners are set for managing the various sizes of the papers. Processing: Each document category image would follow a specific queue to be processed further in the downstream applications by the specified users, to avoid any confusion or misuse.

Figure 1: End to End Solution Output/Dispatch process: The outward communication is by email or SMS or phone or Post, wherever applicable. The physical documents are printed in Bulk by using the high speed printers in the specified formats and with mail packaging system. Record Management System: Post processing of the document category, the physical documents are sent for storage at the storage centre. Any mail which is returned undelivered is read into the system with the help of the document identity and sent for archival for future reference. Any document which does not have a future value, are shredded as the scanned copies can be used for reference. The cartoning solution enables in movement of the documents to the storage centre from the processing centre. As each document has an identity, it would be convenient for retrieval of the document, when required.

Figure 2: Converting Paper to Electronic Change in Process For the process being followed which is manpower intensiveness and time consuming, the new improved process has high degree of traceability, accuracy and amenability to automation.

Figure 3: Process Change Issues and Solutions The solution created gives an identity to the document with a pre-generated barcode which is available throughout the life cycle of the document. The scanned image helps in traceability of the document and for future reference. There is no risk of losing the document as it moves through various stages of processing in queue system. The document image follows a specific queue with a specified user access for processing. Post processing, the physical documents are sent for archival.

Figure 4: Challenges/Issues faced by the Organization and Solution /Mitigation Lifecycle of the Document

Figure 5: Life cycle of the document with the new solution After segregation of the documents and post decision of scan or not to scan, each document follows a process flow till the point of archival. The lifecycle of the document would follow a separate path based on whether to scan or not to scan the document. Exclusions: For documents which are considered as confidential, the life cycle of the document would follow the path where the document does not need to be scanned. Creation of Digital Mailroom Figure 6: Digital Mail Room Digital Mailroom enables traceability of the documents and better customer delivery: Identifying the document with pre-generated barcode, Classification of document category, indexing and indexing data entered with document image and integration to downstream applications Use of barcodes to ensure separation and collation of different documents pertaining to same customer Use of composition engine to generate PDF documents that can also be sent as email in place of printing on paper thereby Going Green. Use of high speed printers and dynamic file composition based on templates to generate clean, dual sided printouts in PDF format to achieve higher throughput Use of In-line mailing machine to stuff and seal envelopes with documents automatically at high speed with high accuracy to achieve ready to dispatch envelopes for higher throughput

Any returned undelivered mails are read into the system with help of the document identity and sent for archival for future reference Any document which do not have a future value, are shredded in a controlled environment, as the scanned copies are available for reference Key for a successful solution Every document is accounted for Categorization of each document Exceptions are managed end to end Conclusion A value enhancement in process with integration of downstream applications leading to enhanced services to the client organizations a transformation towards a paperless office. About the Authors Sumanth M - Heads the Solution Designing for Finance & Accounting at Infosys BPO Ltd. He is a Chartered Accountant, Cost / Management Accountant and Company Secretary with 18 years of experience after qualifying as a CA, of which the past decade has been in outsourcing and offshoring. Rajini Kantha - is an Operations Manager with Finance & Accounting at Infosys BPO Ltd. She is a MBA from FMS, Delhi, with 13 years of work experience in Banking, outsourcing and offshoring.

Many of the world s most successful organizations rely on Infosys to deliver measurable business value. Infosys provides business consulting, technology, engineering and outsourcing services to help clients in over 30 countries build tomorrow s enterprise. For more information about Infosys (NASDAQ:INFY), visit www.infosys.com. Atlanta Bellevue Belo Horizonte Bentonville Boston Calgary Charlotte Chicago Detroit Fremont Hartford Houston Los Angeles Minneapolis Monterrey New York Philadelphia Phoenix Plano Reston Toronto Amsterdam Brno Brussels Copenhagen Dublin Frankfurt Geneva Helsinki Łódz London Madrid Milano Milton Keynes Oslo Paris Prague Stockholm Stuttgart Swindon Toulouse Walldorf Zurich Bangalore Bhubaneswar Chandigarh Chennai Gurgaon Hyderabad Jaipur Mangalore Mumbai Mysore New Delhi Pune Thiruvananthapuram Brisbane Dubai Hangzhou Hong Kong Kuala Lumpur Manila Melbourne Moscow Perth Shanghai Sharjah Singapore Sydney Tokyo Wellington Reduit