Frustrated Lost Customers

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• manual verification (2)

1.How it wastes time, money, and resources?[Original Blog]

Manual verification is a process that involves human intervention to check the validity and accuracy of data, such as leads, customers, transactions, or documents. While manual verification may seem like a reliable and trustworthy method, it also comes with many challenges that can waste time, money, and resources for businesses. In this section, we will explore some of the common challenges of manual verification and how they can affect the efficiency and profitability of your business.

Some of the challenges of manual verification are:

1. Human error: Manual verification relies on human judgment and attention, which can be prone to errors, mistakes, or oversights. For example, a human verifier may miss a typo, a duplicate, or a fraud in the data, or may enter the wrong information in the system. Human error can lead to inaccurate or incomplete data, which can affect the quality of your service, the satisfaction of your customers, and the reputation of your business.

2. Slow speed: Manual verification can be a time-consuming and tedious process, especially when dealing with large volumes of data or complex criteria. For example, a human verifier may need to review multiple documents, contact multiple sources, or follow multiple steps to verify a single data point. This can slow down the verification process and create bottlenecks in your workflow. Slow speed can result in delayed or missed opportunities, frustrated or lost customers, and reduced productivity and revenue.

3. High cost: Manual verification can be a costly process, as it requires hiring, training, and paying human verifiers, as well as providing them with the necessary tools and infrastructure. For example, a human verifier may need a computer, a phone, a scanner, a printer, or a software to perform the verification tasks. These expenses can add up and eat into your profit margin. High cost can limit your scalability, flexibility, and competitiveness in the market.

4. Low security: Manual verification can be a risky process, as it exposes sensitive and confidential data to human access, manipulation, or leakage. For example, a human verifier may have access to personal, financial, or legal information of your leads or customers, which can be misused, altered, or stolen. This can compromise the security and privacy of your data, as well as the compliance and trustworthiness of your business. Low security can result in legal liabilities, penalties, or lawsuits.