How business can Reduce Cost with Digital Mailroom?

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How business can Reduce Cost with Digital Mailroom?
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Did you know the average UK startup spends around £22,756 in its first year, which does not include the cost of any business development or stock purchase? And this results in either slow growth or profit loss in the long -term.

Several mailing strategies are available nowadays to opt for a startup. And digital mailroom is another name that can keep you on the safe side compared to the traditional mailing system.

So, why not give a shot to this digital mailing system not only to reduce cost but for a completely accessible operation?

How Do Operating Costs Affect Business Profit?

Generally, small businesses or new startups can find it effortless and efficient to increase profits by reducing operating costs. Indeed, it can be. But it can also hit the company’s earnings, particularly in the long term.

But the reality is operating costs of a business are entirely different from the cost of goods sold (COGS). How your business will be run largely depends on how you operate it. And eventually, the business profit is affected, too.

Apple.inc

For instance, if we take a look at the operating expenses statement of Apple Inc. for different months, we can see it includes the expenditure for research and development, selling, and other administrative tasks.

And the ups and downs to these expenses largely affect the net income, which may surprise you when you sit for an overall audit.

Similarly, there can be various operating costs depending on the business type. And general maintenance and administrative costs like mailing services come up in the top list.

Suppose you can reduce some costs with the maintenance side and spend on some other operating costs compared to your competitors. In that case, you can’t imagine how your business’s net profit can take place.

Nowadays, tracking your customers and interacting with them has become a challenging term in the digital mailing world.

And you may need to keep track of hundreds of mail per month.

In this case, smart mail solutions can meet the long need of startups. And when it is a digital mailroom by Exela, keep yourself relaxed with keeping mail tracking tasks within budget.

Reduce Cost with Digital Mailroom- 5 Crucial Facts!

However, let’s focus on some of the digital mailroom benefits and how they help reach the target, especially in SMEs (Small and medium-sized enterprises).

After that, we ensure you will think again with your business operational costs regarding where to spend and where not!

Save on the Cost of Business Premises

Among different operating expenses, the first and crucial one that makes the startup owner's count most is their business location from where the operation will be conducted.

Besides, the tax and other rental expenses in the case of an on-premise startup can cost higher day by day, even before reaching your target profit.

In this case, the digital mailroom creates an amazing opportunity for the startups to get rid of premise setup and maintenance expenses.

The entire email automation system saves the cost for rent or other document maintenance setup costs because you can maintain all your documents virtually, and you don’t have to think of the costs for this stuff.

Oh, with the Exela digital mailroom package, you can get a virtual address through which all your mail will be delivered to you securely using the Exela web portal technology.

Less Budget Required Toward Hiring Mailroom Staff

According to Payscale, the average salary for a mailroom manager in the UK is nearly around £22,218. So, many small SMEs think about managing this mailroom task without hiring others.

But you never imagine how much time you spend on these tasks, such as filtering out important mail to listing out and making them ready to send.

And if you go through an overall monthly time expense for these tasks, you will realize how productive you could have been during these times if you didn’t have to spend much time on the mail processing stuff.

Well, an automated mailroom system like an electronic mailroom here plays a significant role: you don’t need to think of a huge budget with the mailroom staff.

It can transform the physical documents into digital format and keep the entire process of scanning, processing, and distribution effective and secure.

So, it can save you from hiring more staff for the mailroom maintenance resulting in spending on some other essential operating costs.

No Need to Set-Up Dedicated Office Space

Businesses nowadays are navigating to dynamic business through pandemic challenges. And the demand for remote working is getting its peak day by day.

Moreover, the more you go ahead, the necessary increase for document storage. And today or tomorrow, even the small startups need to think of dedicated office space for all the essential document storage.

Again, these days, the office rental costs are on the hike that can make you cross your operational budget limit.

In such a time, an organized mailroom can meet the needs for both remote work environments and the cost of dedicated office space.

It features this at- “work on the go,” where you or your employee doesn’t need a specific space for all the mailing activities.

Digital mailroom do not limit the mail numbers. The unscanned mail that you receive is stored for up to 30 days for you to scan, edit or delete according to your needs.

So, you don’t have to pay more for the turnarounds.

Eliminating Costs for Paper, Printing, Ink

IDC (International Data Corporation) has found that document costs eat up anywhere between 5% and 15% of the average business’s annual revenue.

Another stat shows an employee in the USA, on average, prints 8874 pages per year, among which 17% goes unread. And the cost for printing adds ink cost, paper cost, and energy cost in the net operational costs.

In this case, digital mailroom solutions can help you stay out of the budget for paper and printing expenses by reducing the cost to a large extent.

Any physical mail you receive can be fully edited and scanned securely with Exela’s high-tech system.

Again, the built-in e- signature is beneficial for adding and requesting a signature instantly without a fuss.

Zero Couriers/Delivery Costs and Postman Hassle

According to NBC News, More than 30 million American homes receive mail delivery to the door, and another 50 million need to collect mail from curbside mailboxes.

Again Express said that mail customers recently faced postal delays due to the COVID pandemic, and around 28 towns in the UK were listed under its impact. Sometimes, these emails are delayed for months.

In such cases, a virtual mailroom strategy not only can meet your demand for urgent mail processing work but reduce the operational cost for such mail delivery services.

With a powerful scanning and routing formula, a digital mailroom can also scan physical documents and securely send them to the right recipients.

Now, if you are expecting vendor’s mail, or need to forward an urgent mail, no more waiting for logistic services.

Bonus: Reducing Your Carbon Footprint at the Same Time

Statistics show that the average carbon footprint for a person in the US is nearly 16 tons, one of the highest and most alarming rates. It needs to be minimized within 2050.

In addition to this, the COVID is another prevalent challenge to stand up with your business standards.

So, the digital mailroom can be a great opportunity to keep your business operations not just secure and cost-effective but playing a role in reducing the carbon footprint from the world that may have been added to traditional mailing services.

Is Digital Mailroom for You?

To sum up, we can say that you need to choose the ideal mail management service like Exela digital mailroom that can digitize your mail with reducing startup operational costs.

Using their virtual mailing strategy on your business, you can, too, become one among more than 4000 satisfied clients.

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Niharika Sharma
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4 Ways Businesses Can Return to a Smarter Office

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4 Ways Businesses Can Return to a Smarter Office
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When COVID-19 hit, suddenly many of us had to adjust to an entirely new work atmosphere. Social distancing became crucial to slowing the spread, and within weeks, remote working arrangements became the norm for more half of the country. Now, even with many businesses around the country reopening, many people have mixed feelings about returning to the office. As of mid-May, 7 in 10 American workers were still working remotely all or part of the time, and just 1 in 4 say that they would return to the office if it was up to them.1

As they look to reopen, businesses may need to find innovative solutions that will reassure their workers that they are taking serious precautions to protect employee health. 

Masks and temperature checks may become more common in the workplace, at least for a while. But the increased desire to maintain social distancing, and the potential for future temporary regional lockdowns to prevent a second wave, may help fuel some bigger changes and modernizations in many offices. Here are some of the new technologies and services that can help businesses provide a safe working environment while also adding new conveniences and cost saving opportunities.

Contactless Lobbies

Protecting against a virus that can easily spread through common interactions will mean limiting as much face-to-face communication as possible. That person-to-person contact often begins with a greeting in the reception area, but that no longer needs to be the case. Exela’s Intelligent Kiosks enable guests to check in with zero human interaction. Greet guests with a pre-recorded message rather than a living, breathing, potentially contagious human, and allow them to self-register, confirm their arrival, get directions, and print their guest badge. The kiosk will even send an automated notification to the host so that they know exactly where the guest is and when they arrived.

Of course, sometimes it’s nice to be able to interact with an actual human rather than a software system, despite the threat of transferable illnesses. If a guest requires assistance with the check-in process, the Intelligent Kiosk allows them to summon a Virtual Lobby Ambassador at any time via text, audio, or video chat. A Virtual Lobby Ambassador will assist your guests with their needs or answer any questions they may have.

Mobile Facility Passes

The fact that we all carry devices capable of receiving emails and image files without physical contact can make it much easier to continue to follow social distancing guidelines, even as offices reopen. For example, a Mobile Facility Pass, stored on a visitor’s smartphone, allows both employees and guests a contactless solution for displaying security clearance. It can also be used to share useful information like maps of the building or WiFi login information, all without the need for face-to-face interaction. 

Intelligent Lockers

As we all adjust to the constraints of social distancing, contactless delivery has become a popular option for those hoping to make purchases and support businesses without risking the trip to potentially crowded shopping centers or stores. Smart lockers enable contactless delivery in a number of ways, while also providing a convenient storage option for employees.

Exela’s Intelligent Lockers can be accessed through the built-in touchscreen interface, but they can just as well be integrated with RFID, QR code, or biometric recognition technologies for a fully touchless experience. Intelligent Lockers offer flexible layouts and designs, improved access controls, anytime availability, and complete chain-of-custody tracking. They provide an excellent contactless means of exchanging, shipping, receiving, or storing goods.

Digital Mailrooms

Intelligent Lockers are great at limiting face-to-face interactions in the delivery process, but a fully integrated Digital Mailroom can take it even one step further. With Digital Mailroom, your physical mail is rerouted to a secure processing facility where it can be scanned and digitized with advanced ICR and OCR technology for completely electronic delivery. This not only helps keep your workers safe, but also centralizes your communications, and enables remote workers to access important business mail from wherever they happen to be.

Exela Smart Office solutions like these make it easier for workers to return to the office with confidence. The convenience and security these solutions provide will help keep people safe, put minds at ease, and help everyone adjust to the next normal.

COVID-19 is impacting more than just the way businesses operate their physical offices. Learn more about how the pandemic is speeding up companies’ digital transformation.

  1. https://news.gallup.com/poll/311375/reviewing-remote-work-covid.aspx

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Matt Tarpey
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How Digital Transformation Can Help Companies Survive COVID-19

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Digital Transformation Helps Businesses Survive COVID-19
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The impacts of COVID-19 have not been limited to public health. The ongoing pandemic has caused significant economic problems - problems which digital transformation can help businesses mitigate.

As millions of people across the world limit their movement and avoid public gathering spaces to slow the spread of COVID-19, supply chains and cash flows have seen massive disruption. More than 100,000 small businesses have closed permanently as a result of the COVID-19 pandemic. The same study, conducted by researchers at the University of Illinois, Harvard Business School, Harvard University, and the University of Chicago found that at least 2% of small businesses are gone.1

The skyrocketing unemployment numbers provide another clear indication of the severity of COVID-19’s economic toll. As of this writing, the number of unemployment claims in the US since the beginning of the pandemic in mid-March has surpassed 40 million, meaning about 1 in 4 Americans are out of work.2

It’s clear that COVID-19 is exacting a heavy economic toll. What steps can businesses take to lessen the blow and facilitate a speedy recovery in the wake of such a disaster?

How Businesses Survive Crises

Disaster can take many forms, but they really all boil down to two central problems﹘loss of assets and restricted cash flows. Luckily, there are several ways businesses can protect themselves and their assets.

For example, most businesses have some form of insurance to protect property assets from physical damage caused by fires, floods, or vandalism. In many cases, the government will also offer various forms of aid for business impacted by a disaster. In this particular crisis, the US government is stepping in to help small businesses with initiatives like the CARES Act and the Paycheck Protection Program, but these stopgap measures will only go so far, and businesses will have to take their own steps to ensure their long-term well-being.

Still, it’s best not to let your disaster recovery plan depend too much on insurance payouts or government assistance. A rainy day fund can help keep your business afloat until you’re able to get up and running again. Another viable long-term option for maintaining business continuity is investing in business process automation technology and your company’s digital transformation.

Digital Transformation as a Path Forward

For years, digital transformation has been a subject of interest for business leaders, yet the current conditions are making it more appealing than ever. With COVID-19 causing widespread business disruptions, the cost savings, efficiency gains, and disaster recovery protections digital transformation can bring to bear look particularly attractive.

There are several types of business process automation that can help companies adapt:

1. Digitization

COVID-19 has spurred immense progress in remote work, as organizations who once may have been reticent to allow it have been forced to work around or remove old barriers to enable their employees to work from the safety of their own homes. A Deloitte survey found that around 25% of people were working from home at least once a week before the pandemic, while 34% expect to work from home at least once a week post-crisis.3 While the number of people working from home is likely to fall as regions ease social distancing guidelines, remote work will permanently be more common in the next normal.

Digitizing paper-based processes is a key step to enabling remote work. For example, switching from traditional mailroom services to a solution like Exela’s Digital Mailroom transforms all incoming paper mail and other documents into fully digital assets, centralizing communications in an electronic format that can be easily accessed by employees no matter where they are.

2. Robotic Process Automation (RPA)

Robotic automation isn’t just for manufacturing assembly lines. The digital bots that perform RPA tasks can be programmed to perform a wide variety of repetitive, rule-based software tasks quickly and efficiently with high levels of accuracy, freeing up their human coworkers for more engaging, higher-value work.

RPA is a cost-effective quick-to-implement solution that can benefit many facets of your business. Everything from data entry, data normalization, and multi-database search, to CRM data management and sales lead prospecting can be performed by bots with greater speed and accuracy than humans. And in the wake of COVID-19, when employees may not be able to perform all of their vital functions remotely, RPA presents a potentially business-saving value.

3. Cognitive Automation

Robotic process automation can help businesses survive disasters by putting bots to work on basic digital functions, freeing up workers and ensuring that critical functions continue to operate. Cognitive automation takes it a step further, performing more complicated tasks like context-driven decision making and data handling based on complex relationships. Utilizing advanced AI and machine learning, cognitive automation programs are capable of performing tasks that would typically require human-level reasoning abilities.

A basic use of one type of cognitive automation is how smart speakers like Amazon’s Alexa and Google Home use natural language processing and machine learning to do things like interpret questions and search databases for the most relevant answers. One of the most common ways businesses are putting this kind of technology to use is incorporating it into their customer service experience. While a chatbot or automated helpdesk may not be quite on par with a human representative, this kind of system can help businesses manage surges in requests and extend their operating hours.

Cognitive automation can provide a significant boost to productivity and speed up important workflows. It’s value is likely to increase now that we are seeing an uptick in remote work and distributed teams.

COVID-19 has presented major new challenges for individuals and businesses alike. However, the trajectory of business towards digital transformation remains the same. As economies open back up and stabilize, we’ll continue to see more automation and digitization of business processes, not only as a means to increase productivity, but also to protect against an unknown future.

Digital transformation can help businesses handle uncertainty - and not just from global pandemics. To learn more about how similar solutions can be applied to navigate other major world events, check out One Thing the Pandemic and Brexit Have in Common.


  1. https://www.washingtonpost.com/business/2020/05/12/small-business-used-define-americas-economy-pandemic-could-end-that-forever/
  2. https://www.nytimes.com/2020/05/28/business/economy/coronavirus-unemployment-claims.html
  3. https://www2.deloitte.com/ch/en/pages/human-capital/articles/how-covid-19-contributes-to-a-long-term-boost-in-remote-working.html
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Matt Tarpey
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Industry Solutions

Digital Mailroom for Disaster Recovery

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How Exela helped a law firm quickly switch to a remote work environment and keep operations running smoothly during a pandemic

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Digital Mailroom for Disaster Recovery
Features & Benefits
Challenge:

In the wake of stay-at-home orders meant to slow the spread of COVID-19, a Los Angeles-based law firm, with two other offices in the US, was struggling to fully adapt to remote work. They found that they still needed to periodically send employees to the office in order to collect business-critical mail. This process was proving to be inefficient, mail was delayed, and employees were being exposed to unnecessary risk. A backlog of mail had been building up at the firm’s offices, and a mail solution was needed that could be implemented very quickly, but also one that upheld strict security standards related to the handling of legal documents. The firm was looking for a partner that could implement a better mail system within days, while also providing chain of custody tracking and full information security.

Solution:

Exela’s Digital Mailroom (DMR) and web-based DMR Portal provide the perfect solution for distributing physical mail to remote workers via an electronic medium. In response to COVID-19, Exela developed a new Rapid Response Digital Mail Solution capable of being implemented within just 10 days. In this case, Exela’s Rapid Response Team worked closely with the customer to present a solution proposal within 48 hours. Shortly afterwards, a complete statement of work was able to be finalized that satisfied the Business Requirements Document, desired scope of work (SOW), and rapid deployment requirements. Exela offered to address the backlog of mail as well as 100% of future mail volumes, and also offered to arrange the pickup and transfer of physical mail at the customer’s location in order to prevent disruption to their business. A PO box was established for the customer and a process was put in place to route all mail from the PO box to one of Exela’s nearby mail processing centers. This ensured that the firm would not have to physically retrieve any incoming mail once the Digital Mailroom process was implemented. Within 10 days of signing the SOW, Exela was receiving, processing, and distributing the customer’s mail. In addition to providing resources capable of handling 100% of the firm’s mail volume, Exela’s distributed network of processing facilities and cloud-hosted data management capabilities ensure layered disaster recovery protections. Digital Mailroom customers are always protected by the full business continuity planning and processing redundancies that are made possible by a global operational footprint and flexible, location-agnostic software platforms.

Benefits:
  • Solution deployable within 10 days
  • Strengthened information security
  • Cost savings through the elimination of remailing
  • Rapidly scalable operations
  • Cloud-hosted anytime, anywhere access to mail
  • Easy-to-use platform requires minimal training
  • Business continuity planning and multiregional disaster recovery protections
  • Ability to build on the foundational solution to launch downstream processing using Exela or third-party workflow solutions
  • Makes paper mail searchable and easily shareable
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Why Your Law Firm Needs a Digital Mailroom

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Why Your Law Firm Needs a Digital Mailroom
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What is a Digital Mailroom?

A “digital mailroom” automates the full range of processes that would ordinarily otherwise be performed by your mailroom staff -- except without the need for mailroom staff, or even, for that matter, a mailroom. Digitizing your incoming mail is an important and reassuringly simple step toward digital transformation, which is where at least 98% of all businesses are heading in any event. It improves workplace efficiency, precision, and transparency, as we explain here. By rendering mail essentially “location-agnostic,” a digital mailroom supports the seemingly inevitable transition to remote work culture, not to mention the culture of corporate sustainability.

How it works

The process begins with a simple one-time instruction to the United States Postal Service to forward your incoming mail to one of 70 designated Exela processing centers, which instruction can be implemented in as few as 7 to 10 days and is reversible any time at your discretion. Thereafter, for as long as you wish to continue with the service, Exela receives your mail and uses state-of-the-art technology (including OCR-powered data extraction and proprietary AI-powered scanning for which we were recently awarded a patent) to intelligently digitize, index, and sort the content. The digitized content is then securely e-routed to the intended recipients. At the same time, it is also now immediately available for entry into all your workflows that utilize digital content.

Join us as we follow a piece of incoming paper mail through the Digital Mailroom process here.

Why Exela’s Digital Mailroom?

Exela’s Digital Mailroom happens to feature one of the world’s fastest scanning platforms. In fact, there’s virtually no faster way to digitize and route incoming documents. With 70 Exela processing centers around the world that support Exela’s Digital Mailroom activities, you can choose a center that’s convenient in case you ever want to pop in to pay your paper mail a visit.  In addition to digitizing your incoming mail, Exela’s Digital Mailroom can be used to digitize, index, and route paper records, including backlog, into the appropriate hands, as well any number of automated workflows (for example, medical records management).

Here’s a quick video tour through Exela’s Digital Mailroom.

Why it’s right for your law firm

A crown jewel in the Exela Smart Office suite of solutions, Exela’s Digital Mailroom has been particularly helpful to our law firm customers. Some reasons why include:

  • Automatic digitization of content that for use in drafting.
  • Establishing a firmwide source of truth about a particular client or matter.
  • Entry of digitized content into legal industry-specific automated work flows such as these four you definitely want to know about.
  • Supports faster response times to conflict-of-interest inquiries.
  • Supports firmwide search capabilities for fast and informed answers to queries.
  • Automated redaction commands, including batch redaction for enhanced security requirements, including “Chinese Walls.”

Learn how Exela’s Digital Mailroom was a game-changer for this large L.A.-based law firm during the COVID-19 pandemic.

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Lauren Cahn
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Here’s the Real Reason Remote Work is Here to Stay

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Here’s the Real Reason Remote Work is Here to Stay
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When COVID-19 was declared a pandemic by the World Health Organization, many businesses around the world suddenly found themselves having to accommodate remote working arrangements for the sake of their employees’ and the public’s health. The transition has proven challenging for both businesses and employees.1 But remote working can boost morale, productivity, and savings,2 while also supporting the goal of environmental sustainability3 --provided it’s done correctly, using the necessary technological tools.

Many employees suspected as much long before the pandemic, and
over the last few years have increasingly been seeking out flexibility in the workplace.4 And the technology is there to accommodate the demand. While no one would have picked a global pandemic to catalyze a remote work revolution, it appears that is precisely what has happened. The novel coronavirus outbreak is exposing more people to working remotely than ever. Many will grow accustomed to the benefits, and businesses wishing to stay competitive in the race to attract talent will have to continue supporting it going forward.

Thus far, remote work appears to be a good thing for business. As McKinsey points out, working remotely can boost productivity by boosting morale: “Employees who spend less time travelling or commuting and have a better work-life balance are likely to be more motivated and ready to mobilize in extreme situations.”5 The remote work “experiment” mandated by the coronavirus pandemic could put to rest any lingering doubts that workers can be productive and motivated outside the traditional office.

Our hope is that for the outbreak and resulting worldwide pivot to remote work will prove the viability of remote work, not just as part of a fully functional business continuity plan but also as part of a business-as-usual business plan. Here at Exela, here are some of the solutions we offer that can help make that happen for your business:

As you work through these challenging times, we hope you’ll find this glossary of COVID-19 terms helpful. For more on the topic of remote work, you’ll want to check out COVID-19: A Tipping Point for Remote Work, a special edition of PluggedIN, Exela's thought leadership news magazine, providing fresh insights from the cutting edge every quarter. We’re offering it absolutely free.

Subscribe. Plug in. Upgrade your mind.


  1. https://www.mckinsey.com/business-functions/mckinsey-digital/our-insights/a-blueprint-for-remote-working-lessons-from-china
  2. https://globalworkplaceanalytics.com/brags/news-releases
  3. https://www.capital-ges.com/the-environmental-benefits-of-remote-working/
  4. https://www.fastcompany.com/90481356/were-in-the-midst-of-a-massive-work-from-home-experiment-what-if-it-works
  5. https://www.mckinsey.com/business-functions/mckinsey-digital/our-insights/a-blueprint-for-remote-working-lessons-from-china
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Lauren Cahn
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Glossary of COVID-19 Terms

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Glossary of COVID-19 Terms
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Yesterday, as I was walking my rescue hound, Lucille Ball (newly adopted, thanks to COVID-19’s having made me a homebody for who knows how long), a woman walking her own dog paused to allow the pups to greet one another.

“It’s so hard being quarantined,” she remarked from six feet away.

“Wait, you’re quarantined?” I demanded as I hastily backed away.

“Well, like everyone…you know. Right?” She was looking at me, kind of puzzled.

“You mean ‘social distancing’?”

Yeah, I’m that person. The one who corrects you if you say “quarantine” when you mean “social distancing” ... not to be unpleasant, but because the way I see it, saying “quarantine” when you mean “social distancing” is like saying “aircraft carrier” when you mean “kayak”. And now that “COVID-19” has gone from an “outbreak” to an “epidemic” to a “pandemic,” with “confirmed cases” steadily inching toward 100,000, it’s a near certainty that when talking about the illness caused by the novel “coronavirus,” you’re going to fumble your terms, at least some of the time.

Or is it? Obnoxiously word-fixated people like me aside, there’s something to be said for knowing your coronavirus terminology, even if it’s just to make sense of the daily news updates. So, here is a glossary of terms to help you make sense of the inevitable daily information overload:

Coronavirus: One of the viruses in the family of viruses that has a spiky “crown”-like appearance under a microscope. These range in severity from the common cold to the far more deadly SARS (see definition) and MERS (see definition) viruses.

MERS: Short for Middle East Respiratory Syndrome, a highly contagious virus that was first seen and reported in Saudi Arabia during 2012

SARS: Short for Severe Acute Respiratory Syndrome (SARS), a viral respiratory illness caused by a coronavirus, and which was first seen and reported in February 2003, at which time a global outbreak occurred. It was subsequently contained.

SARS-CoV-2: Another abbreviation for COVID-19. It refers to the fact that COVID-19 is a SARS illness caused by a coronavirus.

COVID-19: The World Health Organization gave this name to the illness caused by the new coronavirus that first appeared in China in late 2019. It’s short for "coronavirus disease 2019.”

Outbreak: A sudden increase in diagnoses of a particular illness.

Pandemic: An "outbreak" affecting large populations or a whole region, country, or continent (as compared to an "epidemic," which affects a particular community).

Contagious: An adjective meaning “capable of spreading an illness.” The issue with COVID-19 is the length of time during which people are “contagious,” which might be for as long as 14 days from the time they are first infected with it. See “Incubation Period” below).

Incubation Period: The incubation period is the time between exposure to an illness and actually showing symptoms. People exposed to COVID-19 can take up to 14 days to show symptoms. This long incubation period is one reason COVID-19 has spread so effectively.

Containment: This refers to the effort to limit the spread of illness. Some illnesses have been contained via vaccination, but COVID-19 has no vaccination or treatment as of yet. Therefore, “containment” is accomplished via "social distancing," “isolation,” and “quarantine” (see definitions below)

Close Contact: Being with 6 feet of another person such that a “droplet” from one person could land on the other person or something the other person is wearing or holding.

Droplet: A particle of moisture from the respiratory system. Droplets expelled by someone infected with COVID-19 can spread the COVID-19 virus to another person if that second person touches the droplet and introduces it into their own respiratory system (by touching their eyes, lips, or nose).

Airborne Transmission: This is also accomplished via droplet, but a much smaller droplet - one that is small enough to be imperceptible in the air. Most COVID-19 cases are not transmitted this way.

Confirmed Case: A person who tests positive for COVID-19 via a CDC-approved lab.

Presumptive Positive Test Result: A positive test for COVID-19 that was performed by a local or state health laboratory. Presumptive becomes “confirmed” when testing is conducted in a CDC-approved lab.

Curve: A graphic representation of the number of new cases of a disease over a given period of time. The more cases in that period of time, the steeper the curve, and the greater the burden on the healthcare system.

Face Mask: Loose-fitting paper or cloth masks that form a physical barrier between the wearer and other people, with the purpose being to prevent the wearer from spreading germs when they sneeze or cough. They also can remind the wearer not touch their face.

Respirator: For COVID-19 purposes, a respirator is not a machine to help one breathe a type of face mask that doesn’t just act as a barrier but also filters out virus particles before they can be inhaled.

N95 respirator: A respirator that filters out 95% of virus particles. This is the gold standard or healthcare workers and are in short supply now.

Ventilator: A machine that moves air in and out of the lungs in the case that a patient cannot, or is having trouble breathing on their own. Unfortunately, this happens all too often in COVID-19 cases.

Quarantine: The separation of someone who has been diagnosed with an illness, has symptoms of the illness, or has reason to believe they were exposed to the illness, from other people. The duration of a quarantine is guided by the incubation period for the particular illness. Quarantine can be imposed on a person or self-administered.

Social Distancing: Is the practice of maintaining enough distance between yourself and another person to reduce the risk of breathing in droplets that are produced when an infected person coughs or sneezes. In a community, social distancing measures may include limiting or cancelling large gatherings of people.

Shelter-in-place: Finding a safe location and staying there while the crisis continues.

Lockdown: When you see this word, please know it is not an official, technical, or legal word. Rather it’s just a word people use to a non-technical word that people use to refer to any kind of public health measures being taken to prevent the virus spreading.

Spanish Flu: You're likely, at least at some point, to hear COVID-19 compared to, and contrasted with Spanish Flu. Active between April of 1918 and December 1920, this flu, which most likely originated in China but that got its name from the nation that, at least initially, put out the most media coverage of the outbreak (this was a function of wartime politics). The scary thing is that 100 million people died worldwide. The good news is we are so much better equipped to practice social distancing one than we were back in 1918. See, for example. Exela’s Digital Mailroom allows an office to function even without a mailroom or other support staff.

State-of-emergency: Declaring a state of emergency gives government officials the authority to take extra measures to protect the public, such as suspending regulations or reallocating funds to mitigate the spread of a disease.

CDC: Centers for Disease Control and Prevention (the U.S.'s health protection agency and a leading reliable source for COVID-19 updates for the U.S.).

WHO: The World Health Organization, which is an agency of the United Nations responsible for international public health.

Here at the Exela Blog, we strive to bring you only the most reliable, accurate, news that is relevant to you. Stay tuned for more COVID-19 content, including more about how to make remote working work for your company, which COVID-19 “offers” are really just scams, and best practices for remaining uninfected.

Author Name
Lauren Cahn
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Industry Solutions

Exela’s Digital Mailroom

Transform Your Mail into Actionable Insights.

Digital Mailroom
Digital Mailroom

Onsite or offsite mail and document processing, scanning, and routing streamlines mail delivery and consolidates communication channels. Exela’s Digital Mailroom makes your mail searchable, shareable, and trackable, and helps improve information management while reducing waste.

Digital Mailroom is a web-basedend-to-end workflow solution that enables organizations to streamline the intake and distribution of inbound mail. State-of-the art technology provides intelligent data extraction and indexing, automates formerly manual processes, and utilizes electronic delivery methods to route mail to the correct recipients.

Streamline your mail delivery process.

Create an easily searchable and shareable mail system.

Unify information management systems.

Adopt a sustainable process that reduces waste.

Configurable Workflows

Pre-established business rules designate proper delivery routes, user and group-specific delivery methods, and physical mail handling procedures.

Automated Information Management

Automation technology enables rapid scanning, data extraction, and routing. Faster information processing and simplified information sharing improves decision making.

Enhanced Security

Physical mail is difficult to keep secure. Digital mail is routed and archived using 256-bit encryption and access is restricted according to defined roles and permissions.

Full Visibility

Digitizing traditional mail processes enables authorized users to gain visibility over what has been received, where it was routed, and with whom it was shared.

Physical Mail Services

Exela’s Digital Mailroom works alone or in parallel with our mailroom management services. Benefit from a more optimized mailroom process, including return mail services, address cleaning, and mailpiece optimization.

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Is Product?
Yes
Digital Mailroom
Featured Product
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2

Don’t Let COVID-19 Stop You From Getting Critical Mail

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Blog Content

As of March 12, 2020, a novel form of coronavirus known as COVID-19 has infected at least 118,000 people and killed more than 4,000 worldwide. Yet up until that date, many businesses the world over had not yet put business continuity plans into place. Concerned this stemmed from an “infodemic” of not-quite-accurate information, the World Health Organization (WHO) has stepped in to clarify that COVID-19 is, in fact, contagious but also capable of containment if the right measures are taken. Therefore, in an effort to galvanize action to fight the further spread of illness, the WHO has declared the outbreak a “pandemic.” And with that, businesses the world over found themselves doing the thing many had fervently hoped to avoid: sending their employees home with instructions to work remotely.

Why so much resistance to remote work?

With more and more companies deploying digital transformation initiatives, remote work has increasingly become a topic of interest, both to businesses and to their employees. Nevertheless, a surprising number of businesses do not yet have in place the infrastructure necessary to offer remote work as an option--even under the best of circumstances, let alone in times like these, where an unexpected turn of events has mandated remote work for the sake of public health. Of the businesses already up-and-running with remote employees, many presumed that even with some employees working remotely, others would be in the office holding down the fort--answering phones, making copies, opening mail, etc. What no one could have fathomed (outside of a dystopian novel) was a situation like the one at hand--one which transformed offices into veritable ghost-towns, even as business was meant to continue as usual.

But, hey, you’ve got this

That being said, once you realize “this is actually happening,” certain things will just naturally fall into place. For example, it’s easy enough to equip employees with laptops. It’s probably even comforting to schedule daily check-ins with your working group, whether via phone, text, or one of the more modern communication tools you’ve already been using. And email, well, thank goodness for email--because everyone uses email. Right? And nothing can fall through the cracks when you’re conducting business on email. Right?

Except...what about mail?

Not e-mail. Real mail. Mail-mail. Snail mail. Post office mail - not to mention FedEx, UPS, and the like. What we’re talking about here is all the mail that is not electronically delivered, and, now that we’re thinking about it, there is quite a lot of it. And we’re not talking about junk mail here. We’re talking important mail. Mail that’s critical to your core business. Tax bills. Tax refunds. Certified mail. Notarized documents. A notice your property is subject to a zoning dispute. A request to appear at an administrative proceeding. Subpoenas and other time-sensitive legal requests and correspondence. For that matter, any time-sensitive correspondence that the sender chose to send the old-fashioned way. Because it happens, and it happens a lot.

But there’s a solution. A simple and rapidly deployable solution, in fact.

Digital Mailroom keeps you in business even with no one in the office

Simply put, Exela’s Digital Mailroom seamlessly automates the full range of processes otherwise performed by your mailroom staff. When you sign up for Digital Mailroom, your incoming paper documentation is automatically re-routed1 to a designated Exela processing center, where our highly trained professionals scan and transform it into a digital format. Using state-of-the-art technology, including OCR-powered data extraction and our proprietary AI-powered scanning solutions, Digital Mailroom then goes to work, intelligently extracting, indexing, and sorting the digitized contents of your incoming mail, and routing it securely to the intended recipients.

Digital Mailroom isn’t new here at Exela. Businesses of all sizes around the world are already successfully using Digital Mailroom to transform incoming paper into secure, searchable, workflow-ready, actionable digital assets. A crown jewel in the Exela Smart Office suite of solutions, Exela’s Digital Mailroom makes remote work both possible and profitable--not only in extreme circumstances such as these, but in all circumstances.


[1] Re-routing is accomplished via the USPS within 7-10 days and is terminable upon request to the USPS

Author Name
Lauren Cahn
Date
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Industry Solutions

Banking Giant Saves Millions by Outsourcing LockBox Operations to Exela

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Finance & Accounting
Features & Benefits

Faced with increasing economic pressures, an expanding geographic footprint and more demanding customers, financial institutions are choosing to outsource peripheral lockbox processing functions and re-focus efforts on upgrading and expanding core offerings. Aside from the obvious cost-savings implications, relying on the expertise of a dedicated LockBox provider can offer businesses several strategic advantages. Amid a rigid regulatory landscape and growing privacy concerns, the need for effective security controls and enhanced compliance measures is more important than ever. And, many organizations don’t want to be burdened with added investments in state-of-the art equipment and emerging technologies. By outsourcing their LockBox operations, financial institutions are finding new ways of diverting and re-allocating resources and expenditures for improved productivity and competitive gain.

CHALLENGE:

As one of the top 8 financial institutions in the U.S., this firm was searching for opportunities to maintain its competitive edge in a continuously evolving and demanding marketplace. Delivering superior products and customer experiences was at the forefront of its priorities. But, extensive resources were being pulled away from its core banking operations to manage its LockBox processing activities, spread across six different cities. The bank was also struggling to keep on top of emerging technologies and the latest industry best practices, while, at the same time, trying to improve customer retention and acquisition rates through exceptional customer service. Although the bank has been outsourcing other onsite operations to Exela for the past 30 years, it wanted to take the next step towards total re-allocation of resources. Customer data security and privacy were additional considerations for the bank.

SOLUTION:

To advance its strategic agenda, and leverage the expertise and technology of others in this space, the bank made the decision to outsource its LockBox operations. It sought the assistance of a specialized technology provider that was well-versed in executing large, onsite remittance implementations. It selected Exela because of its vast network of talent; versatile service-delivery model; technologically-advanced applications; and experience managing operations across multiple sites. The solution, valued at 100 million dollars, has expanded in scope to include the following:

  • LockBox Processing: Exela is charged with overseeing and executing all aspects of the firm’s LockBox operations across six locations; utilizing existing facilities and equipment. As part of the end-to-end solution, Exela manages mail retrieval; image and data capture; archival; delivery; remittance; and the secure transfer of customers’ information.

  • Worked with HR to establish a transition team

  • Employee Conversion: To complete the total transfer of LockBox operations, Exela added over 600 on-site bank employees to its workforce. This is in addition to the more than 1,500 employees that have been re-badged during this partnership. To ensure a successful conversion, the following procedures were completed prior to implementation:

    • Collaborated with bank staff to determine important goals for the transition process

    • Established a transition team by working with Exela’s Human Resources and Recruiting departments

    • Implemented peer to peer support and knowledge transfer programs for transitioned employees

    • Scheduled regular cadence and toll-gate employee reviews

  • Robust Disaster Recovery/Business Continuity Plan

    • Recovery procedures and recovery time objectives for each application or critical infrastructure

    • Roles and responsibilities of technology recovery teams

    • Communication plan

    • Procedures on how to invoke the technology recovery plan(s)

    • Dependencies on other plans (including technology)

    • Prioritization strategy

    • Back-up procedures including frequency and retention

  • Enhanced Governance Model

    • Weekly meetings, status calls, gate reviews

    • Dedicated project manager

    • Constant communication among key client and Exela stakeholders

    • SharePoint team site

    • Established product requirements / assumptions / constraints

    • Developed team action report

    • Implemented project cost controls

    • Utilized status dashboard

    • Instituted steering committee consisting of high-level Exela management

    • Initiated change control process; internal audits and sponsor feedback procedures

BENEFITS:

A partnership with Exela has produced several positive results. Most notably, is a cost savings of $40 Million over the last 10 years. The bank has also achieved 99% of its performance goals. Leveraging the resources and expertise of an established LockBox provider has allowed the bank to dedicate its operations to the development and delivery of core banking products, while delighting customers with exceptional service. Some additional benefits include:

  • Minimal investment in equipment ownership and maintenance

  • Continuity of labor and employee wages

  • Mitigation of privacy and information security risk

  • Opportunity for future process improvement and cost-savings

  • Courier service/mail delivery reliability

  • High level of processing accuracy

  • Consistency of workflows across bank sites

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