Manulife, a leading insurance company, is committed to delivering value for its customers and is at the forefront of technology adoption.
Groundbreaking technologies like AI and Automation play an integral role in the success of transformative growth, determining the best path forward for organizations. As these technologies are poised to scale rapidly, the opportunity is ripe for companies like Manulife to explore the spectrum of possibilities, laying the foundation for sustained growth.
Combining EdgeVerve’s in-depth knowledge and comprehensive suite of AI and Automation products, Manulife can uncover opportunities by constantly adapting to meet the challenges of the evolving landscape, thus creating digital experiences never imagined before. We believe that our partnership program will help you embark on a successful AI and Automation journey, accelerating your digital transformation initiatives in the long run.
With a commitment to building new digital capabilities & innovative solutions, we have identified areas where AI and Automation can converge, transforming your business in unpredictable ways.
50%
Variations detected were ready for automation
~60%
Faster than manual process discovery
~1M $
Incremental savings identified
An industry study indicates that wrong process selection and gaps in process knowledge are the key challenges in implementing automation at scale. To make the automation program a success, identifying the right process for automation, understanding exceptions, and improving the quality of captured data is more critical than ever.
How can enterprises achieve process excellence? How can process mining open up automation opportunities?
Transform critical processes & discover the right opportunities for automation
Delivering value
Discover potential for automations in P2P, O2C and R2R areas
Process discovery can be used for analyzing data in different areas such as Procure to Pay, Order to Cash and Record to Report under procurement to,
Discovering the variations and using the insights uncovered in this process can increase the potential for automation resulting in higher savings and better compliance. Process Discovery is an AI-based technology which enables an enterprise to capture task-level data, wherein this granular information is the key to unlock the true value of automation.
AssistEdge Discover is a leading process discovery product that captures and leverages user’s digital interactions to create business process maps and transformational insights that aid organizations in process improvement, automation, and efficiency. Powered by empirical data, the outcomes are free from human biases providing a powerful foundation for operational excellence and continuous improvement.
For a client about 22 high-touch, repetitive processes were automated using AssistEdge RPA across Sales, Supply Chain, Purchase, Shipping and Warehouse Operation units including creating Sales Orders (SO), creating PO’s for its suppliers, acknowledgement of PO’s, ASN label generation etc.
40%
Productivity in claims processing through automation
~150
FTEs reduced
10,000+
Transactions processed via automation
In today’s age, procurement is increasingly expected to evolve from a mere support function to a key strategy enabler. It is tasked with not only optimizing cost but also with bringing in innovation, moderating the risk and compliance while keeping high supplier performance in mind.
How can procurement organizations leverage AI to deliver optimal value to the business? Why is real-time visibility critical to creating new opportunities?
Leveraging digital procurement capabilities for better outcomes
Delivering value
TradeEdge Spend Analytics is an enterprise-grade, AI-powered product designed to augment the performance of various stakeholders in procurement teams. It sits on top of existing systems of record, eliminating the need for any rip-and-replace, and generates value for procurement leaders through actionable insights, opportunities, and execution support.
TradeEdge Spend Analytics accelerates the spend analytics process by simplifying data, providing the right visibility, and identifying opportunities to amplify procurement savings. This, in turn, enables enterprises to create best-in-class procurement practices, identify opportunities to reduce costs, and improve risk management.
9X
Improvement in employee productivity
~90%
Cost savings per contract review
90%
Reduction in time spent on contract review
Challenges in Contract management
Contract management in finance and procurement
Delivering value
Key Benefits
XtractEdge Contract Analysis ingests pertinent information from all contract agreements and captures relevant information from all contracts and other related documents such as contract clauses, policies, expiry, etc. Knowledge models are created to capture contract rules, exceptions, and resolutions. The knowledge model learns and evolves with operational knowledge and contract exceptions. It has the capability to extract information from tabular data spanning across pages and handling capabilities like nested tables and merged cells. It also provides the ability to handle complex contract document extraction and reviews.
A responsive XtractEdge Chatbot interface with Natural Language Processing can handle queries from users related to the contracts.
40%
Reduction in AHT
200+
Applications accessible through single sign-on and automated launch
95%
Increase in system log-on speed
Large insurers like Manulife have multiple Customer Contact Centers and external and internal help desks. Typically, these centers face a high volume of requests for repetitive queries on a few common topics. Resolving these queries take up a lot of agent time. Freeing up agent time can lead to more opportunities for improving customer satisfaction.
Challenges faced by the customer service team
Delivering value
Benefits
AE Engage combines the rich capabilities of AI and automation to help organizations improve their customer service and individual’s productivity by automating repetitive tasks with a single click when they handle calls or tickets. The platform empowers individuals by offering rich customer context and 360⁰ customer view in a unified dashboard. AE Engage easily integrates with a softphone through CTI integration. As soon as a call is received, an auto search is performed, and it aggregates data from multiple systems on a unified dashboard. Agents comply with ever-changing SOPs using guided help.
XtractEdge Chatbot provides a self-service channel for the customers & suppliers to choose the channel of choice for servicing. The AI & NLP-powered engine helps in intent identification. It is also powered by RPA automation and API integrations at the backend. The exceptions from the chatbot are seamlessly passed to the live agent due to the integration with AE ReTEM. The chat context is automatically passed to the agent, relieving the customer of the need to repeat the problem.

Manager – Client Services
AssistEdge Discover analyzed data for PO creation task under Procurement.