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.