The Hidden Costs of Data Entry Errors
3 minute read
The need for efficient, accurate data management is critical in business operations. Unfortunately, many organizations continue to struggle with errors and inconsistencies in data entry. These errors can have a significant impact: According to The Data Warehousing Institute, inaccurate or missing data costs companies in the US over $600 billion annually. Gartner research further highlights that poor data quality incurs an average yearly cost of $12.9 million for companies across various industries.
Data entry is also time consuming – 32% of sales reps spend over an hour daily on manual data entry, according to Web FX. It’s a sales rep’s least favorite task, which can often get skipped. That’s only going to hurt your CRM data accuracy, contact info, and make things harder on your RevOps team.
AI offers a transformative solution, saving employees an average of 1.75 hours per day, not only saving time but also decreasing error rates often associated with manual data tasks.
Introducing Hitachi Solutions DocuDrop
To address these challenges, Hitachi Solutions created DocuDrop, a revolutionary CRM management app that transforms conventional data entry tasks into a streamlined, error-reducing process. Built on Azure and using the latest GPT technology, DocuDrop integrates seamlessly with Microsoft Dynamics 365 and Power Platform, delivering enhanced data accuracy while maintaining robust security without the need for extensive user training.
Experience Enhanced Efficiency and Accuracy
DocuDrop users report a 90% improvement in speed over traditional methods. The process is simple:
- Drag and Drop: Place a document onto a configured form in Dynamics 365 or Power Platform.
- Intelligent Data Extraction: The GPT model extracts and normalizes data, accurately filling out CRM entries.
This seamless process not only conserves time but also boosts data accuracy by 4% compared to manual entry.
The Broader Impact: Time, Money, and Reliability
Reducing Errors and Increasing Productivity
By automating data entry, DocuDrop frees employees from mundane tasks, allowing them to focus on higher-value activities. This shift results in substantial cost savings, heightened productivity, and more resources allocated towards innovation and growth.
Enhancing Customer Experiences
Accurate data enables businesses to respond more swiftly to customer inquiries, thereby improving satisfaction and loyalty. DocuDrop empowers organizations to deliver timely and precise responses, a distinct advantage in industries where trust is paramount.
Security and Control
DocuDrop prioritizes data security, ensuring that no data leaves your Microsoft Dynamics 365 or Power Platform environment. With Microsoft Entra ID and Azure’s security features, your data remains secure and within your control.
DocuDrop represents a leap forward in intelligent document management, offering businesses the opportunity to transform operations, lower costs, and enhance customer experiences. As digital transformation reshapes enterprise operations, the importance of reducing data entry errors is clear. It’s time to embrace a more efficient, accurate, and secure approach with DocuDrop.
I invite you to learn more on our DocuDrop website.
