Companies of all sizes use payroll automation to deliver payments faster while cutting down on errors.
Robotic process automation is a commonly-used term, reflecting the fact that this system takes simple payroll rules and acts on them. However, not all systems are purely robotic; many incorporate machine learning to check for anomalies.
More than a static budget sheet in Excel, an AI financial planning program helps users set budgets and analyze their spending behavior. With a good ML program, company and personal budgets perform better—faster than via traditional methods.
Insurance claims management is the process of managing a claim from reception to settlement. The insurance claim process is particularly suited to machine learning solutions as much can be done to cut time and costs, leading to speedier resolution of claims to the satisfaction of both insurer and insured.