Conduent Solution Utilizes Digital Technology to Create Next-Generation Mailroom Operations

Rhea-AI Summary

Conduent Incorporated (Nasdaq: CNDT) announced the launch of its Digital Mailroom, developed to streamline corporate mail management as remote work becomes standard. This solution enables companies to digitize, automate, and efficiently distribute critical documents, such as legal and HR paperwork. By converting physical mail to digital content, organizations benefit from reduced costs, improved access to data, and enhanced business continuity. The Digital Mailroom addresses significant challenges faced by traditional mailrooms during the pandemic, supporting companies aiming for long-term hybrid work strategies.

Positive

• Launch of Digital Mailroom enhances operational efficiency.
• Cost savings from reduced physical mail processing.
• Supports businesses in remote and hybrid work settings.

Negative

• None.

Developed during the pandemic, solves ongoing mail delivery challenges for companies permanently adopting remote or hybrid work operations

FLORHAM PARK, N.J., July 13, 2021 (GLOBE NEWSWIRE) -- Conduent Incorporated (Nasdaq: CNDT), a business process services and solutions company, today announced Digital Mailroom, a solution developed during the pandemic to manage incoming corporate mail for companies that are moving to either consolidate satellite mailrooms and/or establish virtual mailrooms.

For more than 30 years, Conduent has been providing clients document automation services to process and manage a wide array of documents including healthcare medical claims, medical correspondence, workers compensation, banking and mortgage documents, as well as retail documents such as rental agreements. Now Conduent’s Digital Mailroom enables seamless back-office operations for organizations to efficiently digitize and accelerate processing of essential corporate mail, including legal documents, employment applications and other HR documents. 

The sophisticated technology ensures mail delivery to the specified recipients locally or around the globe, while reducing costs and enhancing business agility and continuity. Many companies often process upwards of 10,000 pieces of mail per month.

Impact on the back office
According to a Gartner survey, 80% of leaders plan to allow employees to work remotely at least part of the time after the pandemic, and 47% will allow employees to work from home full-time. A continued work-at-home workforce requires innovative and long-term solutions to everyday back-office functions. Significant delays that result when physical mailrooms are paired with “virtual” mail recipients can have costly and disruptive consequences, such as missed deadlines or opportunities.

Conduent has identified five key reasons for organizations to automate legacy corporate mailrooms and transform their business:

• Streamlined mail distribution: Converting mail into digital content whenever possible gets important letters, notices, contracts, and other documents where they need to go quickly.
• Better access and sharing of data: Digital content is much easier to share and analyze, allowing business stakeholders to easily route important documents through an organization using the proper chain of custody.
• Lower costs: Organizations can recognize cost savings, including lowering or eliminating shipping costs as a result of shipping physical mail to employee homes or other offsite locations.
• Business continuity: Less reliance on physical operations ensures that more mail can be delivered without disruption during times of crisis, pandemic, or natural disaster.
• Environmental benefits: Reducing environmental impact by converting to digital (reducing paper and shipping/fuel usage).
  

“Legacy mailrooms historically faced many issues, such as keeping pace with the volume, velocity and density of incoming information. These challenges were exacerbated by the pandemic. Conduent’s new Digital Mailroom adds another critical solution to our broad portfolio of technology-enabled business process solutions,” said Dharma Rajagopalan, Group President, Business Process Solutions at Conduent. “We continue leveraging our decades of experience to develop a technology stack that can help organizations become more efficient, reduce costs, lessen environmental impact and make informed decisions using data and analytics.”

About Conduent
Conduent delivers mission-critical services and solutions on behalf of businesses and governments – creating exceptional outcomes for its clients and the millions of people who count on them. Through process, technology, and our diverse and dedicated associates, Conduent solutions and services automate workflows, improve efficiencies, reduce costs, and enable revenue growth. It’s why most Fortune 100 companies and over 500 government entities depend on Conduent every day to manage their essential interactions and move their operations forward.

Conduent’s differentiated services and solutions improve experiences for millions of people every day, including three out of every four U.S. insured patients, 10 million employees who use its HR Services, and nearly 18 million benefits recipients. Conduent’s solutions deliver exceptional outcomes for its clients including $16 billion in savings from medical bill review of workers compensation claims, up to 40% efficiency increase in HR operations, up to 27% reduction in government benefits costs, up to 40% improvement in finance, accounting and procurement expense, and improved customer service interaction times by up to 20% with higher end-user satisfaction. Learn more at https://www.conduent.com.

Media Contacts:
Sean Collins, Conduent, +1-310-497-9205, sean.collins2@conduent.com
Duane Brozek, Conduent, +1-951-288-9807, duane.brozek@conduent.com

Investor Relations Contact:
Giles Goodburn, Conduent, +1-203-216-3546, giles.goodburn@conduent.com

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Conduent is a trademark of Conduent Incorporated in the United States and/or other countries. All other product and brand names are trademarks and/or registered trademarks of their respective companies.

FAQ

What is the purpose of Conduent's Digital Mailroom?

The Digital Mailroom aims to streamline corporate mail management by automating and digitizing document processing for remote and hybrid work environments.

How does the Digital Mailroom benefit companies?

It reduces operational costs, improves data access, and ensures smoother mail delivery, which is critical for business continuity.

When was the Digital Mailroom announced?

Conduent announced the Digital Mailroom on July 13, 2021.

What challenges does the Digital Mailroom address?

It addresses delays and inefficiencies associated with traditional mailrooms, especially during the pandemic, aiding companies in managing mail remotely.

Which stock symbol represents Conduent Incorporated?

Conduent Incorporated is represented by the stock symbol CNDT.