Productivity Now

Insight at the intersection of automation, productivity, and technology.

3 Ways to Increase the Use of Web Automation Software at Your Bank

web-automation-softwareMind Over Manual

From Roombas to self-driving cars, technology continues to create ways to free human beings from the manual, mundane tasks in life. Shouldn’t this also be the way of business? Successful banks rely on web automation software, such as Foxtrot RPA that is easy to implement and adopt, to democratize productivity and remove […]

Four Reasons to Use Data Automation for Your Next Core Banking Migration Project

Data migration after a bank or branch acquisition is a particularly important process as a financial institution looks to leverage its expanded footprint while not interrupting service to customers. Banks are increasingly using data automation software to speed up and otherwise improve their very critical core banking migration projects for the following reasons.

Shorten the Migration […]

June 13th, 2017|Financial Institutions|

Building a Bridge from RDC to the Core

In the age of rapidly developing technology, consumers expect their credit unions to keep up with technology and provide convenient banking services. This is especially true when it comes to remote deposit capture (RDC) processing, where credit unions are struggling to provide their members with quick account balance updates due to additional records and data […]

June 6th, 2017|Financial Institutions|

What Netflix and Foxtrot RPA Have in Common

foxtrot-rpa-netflix

Deloitte reports that “exponential” technologies, including data automation tools such as Foxtrot RPA, are opening up significant areas of business opportunity. This is especially true in the broadcast industry where highly repetitive, manual processes still exist. To eliminate these mundane routines, media companies like Netflix are looking to Foxtrot RPA to develop a culture efficiency […]

May 23rd, 2017|Robotic Process Automation|

Process Automation: Technology Solution and Staffing Innovation

process-automation-rpa-software

In the report, “Top financial services issues of 2017: Thriving in uncertain times,” PwC stated that 2017 could be a breakout year for digital labor or Robotic Process Automation technology in banks and credit unions. We say, “We agree!”  Of course, EnableSoft has been developing RPA software for the financial services industry since 1995 […]

May 16th, 2017|Process automation|

Rapid Adoption of Productivity Innovations

Seeking to explain how and why new ideas and technology spread, Everett Rogers discussed the following five factors in his book, Diffusion of Innovation:

  • Relative Advantage – How improved is the innovation over the previous alternative?
  • Compatibility – How hard is it to integrate a product or service into one’s business or life?
  • Complexity – […]
May 9th, 2017|business process automation|

What to Do When a Loan Officer Leaves

loan_officer_RPA

According to the Bureau of Labor Statistics, the median length of employee tenure is 4.2 years. The retention rate is even lower than that in the finance industry, where Insperity reports a turnover of 17.4 percent each year.

With this in mind, financial institutions should prepare for workforce attrition like they prepare for regulations. […]

May 2nd, 2017|Financial Institutions|

Handling the Busy Work of Healthcare Collections

healthcare-collections-foxtrot

In an industry where more than 60 percent of physicians cite declining reimbursement as the top threat to profitability, it is time to lower collections costs and increase the accuracy of data operations and revenue cycle management (RCM).

According to RevCycle Intelligence, 85 percent of healthcare organizations say collecting payment from patients after they have […]

April 25th, 2017|Healthcare|

Using Web Automation Software to Manage Dormant Bank Accounts

Web-automation-software-dormant-bank-accounts

Account maintenance is a constant responsibility for bankers, but account use isn’t always constant for customers. In fact, financial institutions lose many accounts every year when they, by legal mandate, have to transfer or escheat to the states unclaimed funds in dormant accounts.

Whether checking, savings, certificates of deposit or even contents of safe deposit boxes, […]

April 18th, 2017|Financial Institutions|

Streamlining Revenue Cycle Management for Your Healthcare Organization

Revenue-cycle-management

Now more than ever, hospitals and other healthcare providers must position their personnel and data in the most efficient way to achieve full revenue capture.

In our white paper, RPA Accelerates Healthcare Collections & Revenue Cycle Management, we address how medical organizations can rely on Robotic Process Automation (RPA) software to improve their collections operations […]

April 11th, 2017|Healthcare|