Straight Through Processing - Document Automation Successful Receipt-Level Extracton on: Outcome 95% of All Fields 80+% 85% of All Fields 85+% 75% of All Fields ~90% 50% of All Fields >95% Let’s take another look at the amount ofautomation that can be achieved for the above review process. This time,let’sfocusonthetotal percentageoffields instead of total number of receipts (again, this is hypothetical, but based on real tests). Looking at What does STP LookLike? Efficiencies Exploring what straight through processing (STP) looks like in document process automation requires Looking at efficiencies at the data field level, we examining actual examples of successful STP. In this canseethatthereisan85%probabilitythat95% nextsection, we go into detail, providing examples of of all data fields can be correctly located and processes—before and after—that make use of STP. extracted. If the number of fields is 100 million, The level of STP for document-based tasks varies. that means almost 81 million data fields do not Andyet,significantamountsofautomationare still require data entry or review. That is a significant achievable; you just have to apply different level of straight throughprocessing. measurements. 16