Access Best-Practice Process Analysis Tools
High-quality data extraction is a genuinely complex job that depends on every step working together. Regoxa has processed documents at scale to get that process right, and we keep refining it so organizations stay ahead. That work shows up as automation tools that help your business run leaner and sharper.
Why Use Process Prediction?
01
Manage Risks
Predict potential deviations and address them before they arise.
02
Predict Future Events
Predict which events will happen together and ensure that they always happen that way.
03
Continuously Improve
Continuously monitor and analyze your data to prescribe solutions.
04
Enforce Consistency
Uncover risk, fraud, and control issues as they occur, and alert staff to prevent issues.
05
Facilitate Compliance
Reduce time and costs and ensure compliance in real time within your processes.
06
Measure Success
Assess the effectiveness of process optimization decisions before making them.
Process Prediction
Regoxa Timeline - Process Prediction
AI-based process insights let you assess each new action in a process and predict how it will impact the outcome.
Connect Regoxa Document AI and OCR to your existing applications
Regoxa connects cleanly with a wide range of business automation platforms, putting IDP and advanced optical character recognition (OCR) right where you work. Link it to your automation systems, robotic process automation (RPA), business process management (BPM), enterprise content management (ECM), and to everything from chatbots to mobile devices to email. Pre-built connectors make integration with key applications quick and painless, and for anything more bespoke, developers can use our REST API to build a connector to almost any system or device.
You can also import documents from multiple devices and locations. Once the data is extracted, both the processed information and the document's status come straight back to your application or shared folder, or you can export the data to another system via API to keep everything in sync.
What is Process Prediction?
It's one thing to understand what has happened in your processes in the past and even better to understand what is happening at the present moment. But even more powerful is the ability to understand the future of your processes - the direction that things are moving and the anticipated outcomes. Regoxa Timeline provides you with advanced warnings about issues before they occur, so you can change the outcome.
Predict and Control Real-Time Process Execution
Regoxa Timeline's predictive capabilities enable you to address any potential issues early, before they impact process outcomes, so you can ensure faster resolution, reduced costs, and improved customer satisfaction.
01
Predict Occurrence of Events
Stop guessing and know what will happen next with insight into your processes. Make your processes more efficient with machine learning technology to save time, money, and labor.
02
Prescribe Solutions
Utilize Regoxa Timeline's prescriptive analytics to learn where you can fix process flows when they deviate. You can not only diagnose problems in real time but also make changes to ensure positive outcomes.
03
Get Proactive
Traditional process mining is focused on looking at historical data. Regoxa Timeline's process prediction uses historical execution patterns to train an artificial intelligence (AI) engine to predict the likely outcome of a process very early on.
Better Plan for the Future
Regoxa Timeline's process prediction offers you the fact-based data needed to mitigate or better prepare for what is ahead.
01
Historical execution patterns train an AI engine to predict the likely outcome of a process very early on, giving you a head start on every decision.
02
With prescriptive analytics, not only can you see what deviations may happen — you can seize the opportunity to find a solution before they do.
03
Optimize your processes further with Regoxa Timeline's simulation tool. It enables you to simulate potential changes in a process and evaluate the impact they will have on the entire business operation.
How Process Prediction Fits into the Bigger Picture
Regoxa Timeline's process prediction capability is one part of a complete process intelligence framework. Each pillar works together to give you total control over your operations.
01
Process Discovery
The foundational step in understanding how a process actually operates through visualization.
02
Process Analysis
25+ prebuilt, specialized tools help you visualize and analyze your data.
03
Process Monitoring
Define specific process patterns that should be followed and get alerted to deviations.
04
Process Simulation
Use a digital twin to test potential changes to your processes and ensure they deliver the desired results.
Technology Connections
01
Regoxa Timeline | SAP
The Regoxa Timeline SAP Connector provides an SAP-certified module that removes the time-consuming steps of data extraction, event log creation, and visualization from SAP applications — with just a few clicks.
02
Regoxa Timeline | Alteryx
The Regoxa Timeline Connector for Alteryx brings the power of process intelligence to your Alteryx analytic processes — seamlessly integrating process mining and discovery, process analytics and visualization, real-time process monitoring, and predictive process analytics capabilities.
03
Regoxa Timeline | FlexiCapture
Regoxa Timeline for FlexiCapture is an intuitive, value-added solution that enables you to build a digital twin of your FlexiCapture processes, analyze them in real time to identify bottlenecks, and predict future outcomes.
What is business process prediction and how does it differ from traditional process analysis?
It's one thing to understand what has happened in your processes in the past and even better to understand what is happening at the present moment. But even more powerful is the ability to understand the future of your processes — the direction that things are moving, and what is going to happen before it actually takes place. This is what Regoxa Timeline's process prediction offers: the fact-based data needed to mitigate or better prepare for what is ahead.
Traditional process mining is focused on looking at historical data. While this approach offers valuable insights into what worked well and what didn't, it falls short of offering solutions for present and future iterations.
What are the benefits of using predictive analytics in business process management?
Predictive analytics help businesses make smarter, more strategic, fact-based decisions by relying on data to determine potential outcomes.
Predictive analytics supports risk management, enabling companies to predict events, outcomes, and behaviors and develop risk mitigation strategies accordingly.
Predictive analytics informs customer experience metrics, providing insights about customer behavior that marketing and other teams can act on.
Predictive analytics improve operational efficiency by guiding the utilization of future resources based on the outcomes of past events.
What types of data and techniques are used for business process prediction?
Regoxa Timeline's process prediction uses historical execution patterns to train an AI engine to predict the likely outcome of a process very early on. For example, an insurance company may use this approach to predict the likely outcome of a claim based on historical data. This proactive approach allows the company to address any potential issues early, leading to faster claims resolution, reduced costs, and improved customer satisfaction.
How accurate are business process predictions and what factors influence their reliability?
Because business process prediction is based on historical data, the accuracy of the prediction is dependent upon the quality of that data. AI-based predictive analytics can enhance its accuracy as new data becomes available. Regoxa Timeline's real-time predictive analytics enables an organization to predict outcomes based on the most recent data as it comes in on a continuous basis.
How can organizations effectively implement and integrate business process prediction into their operations?
Best practice calls for a process intelligence platform that offers a comprehensive, unified set of capabilities — process mining including task mining, process analysis, process monitoring, process prediction, and process simulation — so that prediction works in harmony with the full scope of your process intelligence strategy. Regoxa Timeline delivers all of this in a single, cloud-first platform.
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