Banking & Insurance Customer Service
By combining RPA and AI we developed a digital workforce for the use of automated responding. Questions are being answered, requiring less human intervention, which has a great impact on time savings.
At the Customer Service department of a Financial organization, employees receive requests for proposals (RFPs) on a daily basis. RFPs are documents that contain a number of questions. The company uses an AI tool called Qvidian that is able to detect sentences in these documents. After which the employee identifies which sentences contain questions that need to be answered. Next, the AI tool looks for answers in a dataset of previously used answers. The AI tool provides answer suggestions and the employee is able to select and edit them. The selecting and editing of these answers is a time consuming process. Even so time consuming that the team devotes about 35% of their time to processing questionnaires. Most of their time is related to searching the database for the right response using keywords, which is not very efficient.
All of this implies that the usage of automated responding can have a great impact on time savings. Our team created a smart solution that combines RPA and AI, which is able to answer questions requiring less human effort.
Of effort automated
FTE saved annually
Weeks to implementation