Financial services organizations exchange a lot of financial and business information every single day. It’s no secret that exchanging financial information has become an integral part of daily business operations and the processes that depend on them. Financial organizations that rely on frequent document exchange realize that the volume and breadth of information exchanged is increasing in today’s climate. Also the data consumed by enterprises is being shared by more systems and their respective business partners than ever before. The phenomenon of digitization within the realm of business is the leading cause of this unprecedented acceleration of growth in data. …

Bottlenecks within healthcare organizations is a tell-tale sign of inefficiency that can impede your business operation’s natural workflow. This is especially true when it comes to your 340B program since hurdles can negatively impact your program benefits. Legacy systems and obsolete methods in the 340B program process slow down your business growth, leading to non-compliance and consistent revenue loss. However, the good news is that by adopting a few changes in your 340 process, and by leveraging 340B technology solutions, you can overcome these issues. Technology solutions such as a 340B audit management tool, split billing tool, and virtual inventory …

Electronic Data Interchange (EDI) is the seamless exchange of business documents between the organization and their stakeholders. In today’s fast-paced environment, many financial services operations revolve around EDI. A number of these processes reside in resource-intensive and legacy systems. These legacy and resource-intensive challenges are why banks and financial firms have been experiencing low efficiency and decreased productivity. Resulting in a decreased bottom line and dissatisfied customers. As financial businesses grow and evolve, their EDI requirements and need for resources increase. As these workloads increase, the case for adopting an automated approach to EDI becomes more compelling and required. Why …

Digital technology is fundamentally changing the way people communicate, how businesses operate and ultimately how value is delivered.   In the banking, financial services and insurance (BFSI) sectors, there are major technology advancements that are driving organizational change and competitiveness. Digital disruption has forced BFSI companies to reinvent themselves as agile, transformative, and tech-focused companies. This reinvention allows them to react quickly to evolving customer demands. Keeping up with digital transformation, disruptive technologies and customer expectations is a lot for BFSI organizations to face. It is no longer enough for organizations to think that they can operate in a” business as …

As an IT executive or decision maker, you have probably either made the decision to move your application workloads to the cloud or moving to the cloud is under consideration as part of your IT strategy. For many organizations, moving to the cloud is no longer optional, rather it is requirement to stay competitive. By subscribing to cloud services, businesses with limited resources, can dial up or dial down their software usage, storage, and data access. By using cloud services, businesses only pay for what is consumed without having to maintain or invest in costly infrastructure. While many organizations have …