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What Is Business Process Management (BPM)?

Metasource

” This includes identifying process bottlenecks, automating manual tasks, and streamlining workflows for maximum productivity. Increased Efficiency : Business process management services help identify and eliminate inefficiencies within workflows by reducing manual, time-consuming tasks. According to a McKinsey & Co.

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How Platform Modernization Can Boost Claims Processing Speed by 95%

3Pillar Global

Growing revenue and reducing costs remains a top priority for healthcare organizations in 2024. As such, revenue cycle optimization, streamlining payment, and reducing billing and coding errors are critical areas of focus. Platform modernization presents a solution.

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FDA FSMA: Providing value beyond compliance

IBM Services

Though the rule doesn’t go into effect until January 2026, companies must proactively and strategically prepare their supply chain now, as this complex regulation will require companies to collect and maintain detailed information about the ingredients, processing and distribution of certain products.

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Improving supply chain resiliency in the industrial sector

IBM Business Partners

Ditch manual processes in favor of digitizing and automating supply chain processes. Automation will enable organizations to identify and resolve critical supply chain issues faster with end-to-end visibility , advanced analytics and actionable workflows. This equipment is critical to expanding capacity for chip production.

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What Is An E-Procurement Software and 5 Benefits Of Using One For Your Business

Obobo

The article outlines many benefits of using eprocurement systems, such as greater visibility across the whole procurement process for all brands, more efficient and transparent operations, cost savings and much more! This system automates the sourcing, purchase order, and invoicing processes. What is an E-procurement system?

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The Future of Blockchain in Banking and Financial Services and FinTechs | Blog

Everest Group

McKinsey estimates blockchain is expected to save around US$4 billion in cross-border payments and US$1 billion in retail bank operating costs and reduce regulatory fines by US$2-$3 billion and annual losses from fraud by US$7-$9 billion. This can save money on transaction processing, leading to lower operating costs.

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Leveraging generative AI on AWS to transform life sciences

IBM Business Partners

The industry is under tremendous pressure to accelerate drug development at an optimal cost, automate time- and labor-intensive tasks like document or report creation to preserve employee morale, and accelerate delivery. Yet, it is burdened by long R&D cycles and labor-intensive clinical, manufacturing and compliancy regimens.