One of India's most prominent Mutual Fund RTA was struggling with their manual check processing system which was cumbersome and error-prone. The problem was so massive that they required a dedicated team solely for this purpose. They needed a solution that would enhance their check processing capabilities. Research shows that this type of issue is widespread in the banking industry -- 28 million checks get generated every day and each check has to pass through an average of 2.5 banks in order to get processed.

The mutual fund RTA faced the following challenges:

• Man-made errors were costing the company $2 million annually.
• Processing a check took up to 2-3 days.
• Decreased productivity due to manual overload.
• Low customer satisfaction.

In this case study, learn how they overcame these challenges by leveraging Rapid Acceleration Partners' AI-enabled check processing solution. RAP empowers enterprises with practical AI solutions, the RAPFlow platform and RAPBot tool, that enable automation for faster turnaround time and greater operational efficiency.

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