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Leveraging Advanced Automation Technologies: Beyond RPA with AI & BPA

Metasource

There are many innovative solutions designed to streamline operations and enhance efficiency, but they’re not all created equal. Financial Risk Management : AI-driven intelligent decision support systems provide robust tools for better financial risk management. That’s a hefty amount.

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Market Recommendations for Global Payroll in 2023

Immedus

The report notes that, ultimately, application leaders must “balance hyper-automation, integration, emerging technology trends, and risk management” in their selection process. Piecemeal efforts and a fragmented vendor landscape complicate efforts to streamline operations.

Payroll 52
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Transformation Imperatives for Wholesalers and MGAs in Insurance: Exploring Opportunities to Unlock the Next Growth Phase | Blog

Everest Group

The major revenue streams for MGAs are commission paid by insurers, risk performance-based commission, and offering additional services like claim administration and inspection. This requires a commitment to investing in new ideas and technologies, as well as encouraging employees to think creatively and embrace change.

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Business process management (BPM) examples

IBM Services

Benefits: Enhanced decision-making Efficient optimization Continuous improvement Claims management BPM can be used to standardize and optimize the claims process from start to finish. By establishing standardized workflows and decision rules, BPM streamlines the claims process by reducing processing times and minimizing errors.