As class actions continue to be filed, it’s important you have the best class action service provider on your side. Having a quality provider on your team can improve work flow, enhance quality and reduce costs, especially in administration.
There are many reasons the most efficient processes are not integrated into the administrators work flow. However, in larger firms, two likely causes are negative cost-benefit ratio and incorporation challenges. When the administrator weights additional costs necessary to create and execute more efficient technologies (i.e. getting away from paper-based claim forms) into the work flow against increased financial benefits, the added benefits won’t be greater than costs unless external considerations are also looked at.
Another reason is the need for a set of skills necessary for work flow/technology experts to execute systems to develop new efficiencies. Without these uniquely skilled experts, integration opportunities can be overlooked and/or underutilized.
The costs can be substantial. Administration costs can be increased by as much as 25% when extremely inefficient processes are utilized, but by increasing efficiency, costs can be reduced by 5-10% on average. Thanks to available technologies and advances in automation, certain costs can be reduced by as much as 85% without causing any reduction in the information’s integrity, accuracy and completeness.
One of the first steps that can be done is to look for opportunities to replace personnel with technology. For example, file reviewers: once entered into the database, the system can easily review data for missing and/or incorrect information and date discrepancies, values and duplications. Automation technology can take care of repetitive tasks, like file label printing and settlement calculations.
Want to make the process more efficient? We can help. Give us a call at (215) 953-5175 or Request a Free Analysis.
When you’re getting ready to file or are currently defending a class action, there’s a lot to do. There’s getting the case together, court appearances, notifying potential plaintiffs and so much more that needs to be handled. Luckily, you can outsource your mailing and printing needs to Resource Data Management, so you and your staff have one less thing to worry about.
There are several benefits to handing over your printing and mailing needs to us:
- You won’t have to worry about getting out alerts and notices because we’ll take care of all of that.
- Wondering if all potential plaintiffs have been notified and kept up to date? We’ll make sure all the proper documentation gets to them.
- You can focus your time and energy on preparing for all facets of the case.
Have a question? Then call us now at 215-953-5175 or Click Here to Request a Free Estimate.
When it comes to class action lawsuits, attorneys and accounting firms have enough on their plates. So, they trust companies like Resource Data Management (RDM) to handle all the printing and mailing that is necessary.
RDM will print and mail all the necessary notices and alerts necessary to properly assist you with all elements of your class action lawsuit. You won’t have to worry about whether everyone has been notified and kept up to date, because we’ll make sure it’s done.
Have questions? Contact us today at 215-953-5175 or Click Here to Request a Free Estimate.
As a locally owned and operated business in the Philadelphia, Pennsylvania area, we at Resource Data Management have always prided ourselves on our work, and illustrating why we’re one of the area’s top companies for your records management needs.
Because of the pride we take in our work, we’re happy to today launch our blog. It will be frequently updated with information on records & documents management, legal records and consulting information.
Not familiar with Resource Data Management? Please visit our home page to learn more about our company and services, or if you’re looking around at different Philadelphia, PA records management companies. We look forward to working with you!