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Business Document Automation Tool (BDA) is a platform for automating documents. It allows companies to design templates, map fields with data from external sources, and then fill the document with the required information during time of execution. This eliminates the need to manually type or copy and paste. It also reduces the chance of human error that may occur during document creation, which is an enormous benefit for businesses that have to deal with large volumes of documents each day.
The most effective document automation solution for business is flexible and adaptable, so that it can be customized to the specific needs of each company. It should provide an easy interface that employees can utilize without extensive training. It should be able to connect with other systems, such as ERPs and CRMs so that it is able to get data to use in creating documents.
It is also essential to choose the right solution to reduce the use of paper which is a major factor in sustainability in the environment. Document automation tools can help to achieve this goal by assembling related documents into a single document. For instance, when creating loan agreements using promissory note and other documents.
Another benefit of business document automation is that it helps boost customer satisfaction by allowing companies to design more customized communications. This can help build stronger customer trust with 65% of customers say they are more likely to buy from a company that has customized interactions.