Automation Rate

(redirected from Automation Rates)

Automation Rate

In the U.S. Postal Service, the reduced rate offered on stamps for bulk mail if one fills out recipient information in a way compatible with automated machine processing. The automation rate incentivizes efficiency because machines can sort mail much faster than people.
References in periodicals archive ?
Deep integration with SAP facilitates accuracy of data, while advanced machine learning minimizes setup effort and drives higher automation rates over time.
Slow turnaround duration and presence of fewer diagnostic tests catering to nearly 80 disease types and the consequent rise in lab automation rates are expected to drive market growth during the forecast period.
Hann Tsau Tsai, of Union Bank of Taiwan, said, 'We have been impressed with the way they have smoothly handled the implementation and roll-out of Far Eastern International Bank with ten fund managers on the TDCC network and we look forward to working with Calastone and all our fund manager partners to maximise offshore fund automation rates and enhance our service levels to our clients.'
However, even for treasury organizations that have achieved best-in-class centralization and automation rates for domestic payments, many continue to rely on manual processes for cross-border transactions.
For flats, those automation rates are 3.8 percent for three-digit and 2.4 percent for piece rate, according to Conway.
Additionally, many IVR vendors offer an optimization service to assist their clients in increasing their automation rates. Clients typically pay an incremental fee for this service, which is made available only to their own customers.
"However, systems that can handle corrections and verifications by dynamically embedding the confirmations in the next prompt are more engaging, leading to better automation rates."
This insight allows businesses to tune and optimize their self-service solutions to enhance the customer experience, increase customer loyalty, and improve automation rates. Voxeo Analytics On-Demand includes detailed reports on average call duration, business task completion rates, speech recognition quality, most frequent users , input analysis, customer usage paths, and customer exit points.
As a hosted solution, Nuance On Demand lets companies take advantage of Nuance's leading speech technologies and team of experts to consistently deliver positive customer service interactions and high automation rates.
In addition, costs can be lowered by improving self-service automation rates and reducing the amount of time it takes customer service agents to help customers complete their transactions.
"There are specific standards for preparing barcoded letter-size mailpieces mailed at automation rates," states USPS's Memo to Mailers newsletter.
Full browser ?