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A recently published whitepaper by Moody's looked deeper into the transformative impact of artificial intelligence on the credit memo process, including the challenges and solutions to boost efficiency in banking operations. The whitepaper, titled " Transforming Banking Operations with AI: A Detailed Look at Automated Credit Memo " delves into the current state of banking and the need of AI driven solutions as well as the role of AI in automating credit memo process.
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When it comes to implementing ERPs and business systems, Fit-to-Standard vs Fit-to-Custom has always posed an important challenge for companies. Leaning toward custom code can provide uniquely tailored processes but can also lead to “digital debt” in terms of systems that are expensive to maintain and update. On the other hand, Fit-to-Standard has often been viewed as not being sufficiently responsive for tailoring process to meet a company’s specific needs.
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