When I took the test as a Certified Document Imaging Architech (CDIA) over ten years ago, there were a lot of questions and calculations involved with figuring out things like pixel pitch on displays. It was very important to invest in expensive monitors so that scanned images could be accurately displayed for the user. Today’s modern LCD wide screen monitors offer unparalleled clarity when working with scanned images alongside a line of business application. Many organizations are investing in dual monitor or large LCD monitors for their employees in these environments. When brightness and contrast are set properly, the worker not only has access to all the information they need on one screen, their eyes do not fatigue as quickly as more expensive monitors from just a few years ago. This makes for a productive environment and worker. Often though, one user preference is overlooked. Continue reading “Making Your LCD Monitor Investment Pay Off”
How will lenders cope with increased oversight requirements?
The reaction to recent developments in the mortgage lending world seems to dominate the headlines. Each morning, the front page of Wall Street Journal brings news of yet another lender closing their doors or “suspending” operations. Meanwhile, various opinion pieces are calling for new government regulations.
Whether we see new requirements from the government or simply change to appease frightened stockholders, the coming months and years are sure to add complexity to an already cumbersome process. The companies that remain as lenders will likely see huge volumes of loans even if the overall number of loans decreases simply by taking volume that might have been distributed to those who have left the industry. These volumes are likely to be sustained since it will be very difficult for any new players to raise money to enter the market.
Traditionally, lenders have added headcount to address up ticks in volume. Continue reading “Dealing With Red Tape?”
There is an interesting article I read in today’s Wall Street Journal http://online.wsj.com/article/SB118696052762295422.html (Reg Req. Sorry) about Lloyd’s that I thought I would mention. There were a couple things that stood out to me:
- Kudos to Lloyd’s for having vision to hire talent over experience. Their CEO Richard Ward, had no previous experience in insurance but a proven track record of problem solving. Insurance companies tend to be some of the most closed organizations to outside talent in business.
- Mr. Ward is waging a war against paper to gain efficiencies. He estimates Lloyd’s was generating 4 tons of paper EACH DAY.
After reading the article, I was wondering if any of you had any stories about companies that seem to have good long term strategies for dealing with paper?
It is not from the benevolence of the butcher, the brewer, or the baker that we expect our dinner, but from their regard to their own interest. We address ourselves, not to their humanity but to their self-love, and never talk to them of our own necessities but of their advantages.
I ordered some small key chain LED lights for a business associate a couple weeks ago. He was going to go to a trade show type of event and wanted something with his new company’s logo on it to give away. He had seen some lights I gave away for a similar purpose a few weeks before and thought they would fit the bill. Since I had ordered from these folks before, I offered to place the order for him. The company that makes the lights is based in Shenzhen, China.
The lights are well made, VERY bright and cheap as heck. I figure for marketing chachki, function beats form. These lights are something that someone might actually USE rather than throw in with another million free pens that never seem to write well. I have seen these lights in stores (I would name them, but don’t want to deal with lawyers) for $12-$15 each. With custom color printing, shipping etc, I got them for just under $0.60 each. With a 500 piece minimum on custom printed items, that came to just south of $300.00 delivered. None of that is enough to inspire me to write a blog post about them though. Continue reading “Free Capitalism Lessons From China”
I love doing ROI calculations. I suppose if I had started out in something that had less compelling returns, it might not be the case. Then again, I turned down some early job offers after college when I could not at least napkin out their ROI on what I would be selling. There is a funny thing about ROIs in corporate America today though: when was the last time you saw an ROI that did not pay back? Now ask yourself how many times you have seen a project your company undertook that did not pay back?
So I can’t say that I have ever seen someone else’s initial ROI calculation that did not show a sure pay back. So is every project considered or undertaken a good one? Doubtful. I suspect the first opportunity for error is simple human nature. What vested interest does the person doing the ROI calculation have? Why would they fudge the numbers? It is not like they are getting a kickback from the vendor (if they are you have bigger problems). In most cases, people tend to dislike cognitive dissonance (wiki definition). Many times, very early in a project the influencers (real decision makers who don’t have authority) already have their mind made up as far as what direction to go (build / buy / outsource) or what tools to use (vendor selection). When that is the case, it is tough to get objective ROIs. Continue reading “Has Anyone Seen My ROI? (part 1)”
I have a hobby outside of obsessing about the best way to automate data entry in a claims department or underwriting process: it is collecting quotes. Most of my favorites come from the founding fathers, although I have collected ones from figures throughout history. I thought I would start out with a post that helps people understand what this site is about.
We should not look back unless it is to derive useful lessons from past errors, and for the purpose of profiting by dearly bought experience.
You see, I have come by most of my lessons through “dearly bought experience”. The way I learn is by going through it first and understanding. Since most of my lessons where so expensive, I thought I would use them for something other than for the benefit of my customers. I would hope that I can share some of the things I have learned without my readers having to pay such a steep price.
So what of Washington’s inbox? We have all heard of the paperless office. I think I read that King George predicted the paperless office all the way back in Continue reading “George Washington’s Parchment Inbox???”
The paper_inbox is a blog focused on the use of technology in Corporate America. While there will be attention paid to subjects anywhere within that very broad description, most articles will deal with imaging, capture, workflow and outsourcing. Industries that will see the most specific information posted will be insurance, finance and software development. If you are lucky, we will keep out of politics, religion, and philosophy but no promises!
Please feel free to post your findings as they relate to any of our articles – especially if your premises or conclusions contradict those on the site! We will do our best to respond and perhaps foster some healthy debate.