For example, my company conducted a study that found most companies spend 10 to 14 hours monthly on manual AR processes, equating to nearly a month of lost productivity per year.

Deploying more process automation for the critical but often manual workflows that every company has is a crucial step in the evolution of technology, leading to generative AI.

FILE PHOTO: A DBS bank signage is pictured in Singapore Reuters Sumitomo Mitsui: Automation in banking has allowed this Japanese financial institution to cut out 400,000 hours of manual labor for ...