Are document processing errors expensive?

Document processing errors are expensive because when an error is made, there are costs associated with pinpointing the error and then correcting the error. Think of the 1-10-100 rule where it costs $1 to prevent an error and $100 when an error isn’t corrected. Imagine how many errors are left uncorrected due to time-consuming manual processes.

In contrast, IDP can help to mitigate human errors and vastly improve accuracy around document processing. When errors are reduced so are their associated costs.