Anonymous: $3M annual savings in lease contract automation
ROI
A global company lacking an advanced automation system for their digital assets
made an initial investment of $120K in the hopes of developing a lucrative resale or upsale strategy. After just three months, they saw a savings of $3M per year with an expected total of $10M over three years on manual operations, including data extraction, classification, and systems entry.
The Problem
A company dealing with leasing contracts processed much of their data with outdated robotic process systems or manual entry, both prone to user errors. And when it comes to a business model designed on the principles of contracts, accuracy and speed are critical.
As such, we identified four key areas of their document processing ripe for improvement. As well as enhance their strategy development plans, here are the following areas we focused on:
- Automate and Capture
- Consistent Quality of Data
- Image Data Analysis
- Transparency of Lease Contracts
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If you are interested in how our intelligent automation platform helped this company reduce operational costs and gain other benefits, continue to the full use case that goes into greater detail. If you would like to view our platform capabilites, please visit our product overview page.
