Why OCR is Essential for Compliance in the Finance Sector
Ensuring regulatory compliance has become increasingly complex for financial institutions, especially with the vast amount of paperwork they process daily. For instance, HSBC and Deutsche Bank have faced multibillion-dollar fines for failing to meet anti-money laundering (AML) regulations. A 2020 report from Fenergo revealed that U.S. financial institutions alo...
Automating Invoices in the Metal Sector: A Step-by-Step Quick Guide
The metal industry, with its complex supply chains and high-volume transactions, faces unique challenges in managing invoices. From raw material procurement to final product delivery, the sheer volume of invoices and the diverse range of suppliers can often lead to errors, delays, and inefficiencies. This is where invoice automation becomes a game-changer. By streamlining the invoicing process,...
Survival of the Fastest: How Digital Transformation is Reshaping the U.S. Metal Industry
As global demand for metals surges—driven by infrastructure development, renewable energy projects, and automotive advancements—the need for innovation is more pressing than ever. Digital transformation is no longer a choice; it’s a necessity for survival and growth in a competitive global landscape. Real-world examples show that embracing digital tools is key to maintaining operational efficie...
Why Pharma Companies Can’t Afford Errors in Certificates of Analysis
In 2023, the global pharmaceutical industry was valued at over $1.4 trillion, with more than 20,000 new drugs in development across the globe. With such massive scale and high stakes, even the smallest errors in drug formulation or quality control can lead to disastrous consequences. Certificates of Analysis (CoAs) serve as the final checkpoint before drugs reach the market, ensuring that every...