Category: Robotic Process Automation

5 Business Use Cases of Robotic Process Automation

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Deutsche Bank, leading global financial solutions provider was looking to optimize its trade finance and loan operations functions, in a highly regulated and increasingly competitive market. They onboarded a robotics in banking portfolio, offered by myriad RPA vendors and now have more than half their functions automated.

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10 Great Lessons You Can Learn From Robotic Process Automation

10-Great-Lessons-You-Can-Learn-From-Robotic-Process-Automation.pngThe enterprise world has come to a tricky junction, where there are potentially two wide paths: take the route of widespread automation in a bid to counter flattening growth, or take a cautious approach by revamping internal processes, balancing process automation & employee productivity.

The time to decide for enterprises is now. Businesses are already integrating robust strategies, and are seeing an uptick of 30-70% in overall performance across their functions.

From our experience as mainstream RPA vendors, let’s dive into how our takeaways can help you make informed decisions to get started in process and workflow automation:

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10 Ways How Robotic Process Automation Is Transforming The Banking Industry

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If that loan was granted early, or your cheque cleared faster than ever, don’t count your stars. It’s the advantage of RPA in banking adopted by your bank.

The BFSI industry is adopting process automation like no other sector, and the reasons are obvious: myriad regulatory and company procedures to follow or diverse financial products for a broad population.

A survey by PricewaterhouseCoopers among financial sector respondents showed about 30% were not just experimenting with Robotic process automation in banking, but were on their way to adopt it across the enterprise.

Let’s look at the various benefits it brings to your banking business:Continue Reading…

The Top RPA Trends of 2018

the-top-robotic-process-automation-rpa-trends=in-2018.pngExpansion of business technology investments into the digitally disruptive sector requires an understanding of trends to get a broader perspective in the digital world.

The trends knowhow directly affects the future success of your organization and its survival too. The demand for automation is increasing and is expected to reshape the industry in 2018.

RPA has been one of the most intensive and disruptive technologies prevalent in the digital arena. The RPA technology saw robust growth after it was implemented in various industries and the market for automation has accelerated in 2018.

RPA has proved itself to be a hot cake with proven benefits for enterprises and unlimited potential to increase the productivity.  

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RPA Myth Busters

rpa-myth-busters.pngIn today’s fast-paced global environment with automation everywhere many organizations have deployed RPA to achieve improved customer satisfaction and process savings.

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Top Robotic Process Automation (RPA) Trends in 2017

Top-Robotic-Process-Automation-(RPA)-Trends-in-2017.pngA mega revolution is currently kicking up a huge storm all over the world. The wave of automation is sweeping over everyone, and it is up to you to latch on the wave and take the ride of your life. The Robotic Process Automation phenomenon is here to stay, despite naysayers bragging about RPA being a temporary trend.

The Robotic Process Automation market in IT is forecasted to grow at a compound annual rate of 60.5%, from 2014 to 2020.

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10 Benefits of Robotic Process Automation

10-benefits-of-robotic-process-automation.jpgA skilled resource anywhere across the world usually devotes her time on two types of tasks: routine and non-routine. While the latter allows for creative and cognitive thinking that allow organizations to evolve and stay with the times, the time share given to the former could well be relooked at.

Robotic Process Automation, according to an expert in this field, is the science of taking the robot out of the human.

BPM revenues in 2015 were around $177 billion, but the impact of robotic process automation was around $125-175 million. Although it is a significant figure, the scope of expansion is very huge, considering technology services and products are being adopted heavily in a digital-first world, and companies increasing workload and resource crunch. We throw some light on how RPA could be the silver bullet your business needs today:

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How is Robotic Process Automation (RPA) revolutionising manufacturing industry?

how-robotic-process-automation-revvolutionising-manufacturing-industry.pngManufacturing industry is one of the early adopters of automation process. Since several decades, manufacturing industry has used machines and even robotics to assemble, test, and package their products. However, now manufacturing companies are trying to implement Robotic Process Automation (RPA) in their back-office processes to stay ahead of competition.

Before we go into the details on how RPA is revolutionizing the manufacturing industry, it is important to understand the difference between using robotics and RPA.Continue Reading…

Why you should not worry about Robotic Process Automation?

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Robotic Process Automation (RPA) has been a cause of worry for employees and companies alike. While employees are worried about automation replacing them, companies are worried about the change management and the cost that they have to incur to introduce RPA in their business. To make matter worse, reports such as the following are only adding to the already mounting worries:

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How is Robotic Process Automation Revolutionising the Finance Industry?

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Robotic Process Automation (RPA) is quickly evolving to become a part of the financial sector. Most major financial companies such as Deutsche Bank and Axis Bank have been assessing possibilities to use new-age tools such as RPA and Artificial Intelligence to minimize the human efforts and chances of error.

RPA is used in processes that involve high transaction volumes and mundane activities such as recording journal entries, conducting general ledger account, performing internal transactions, and maintaining accounting master data. It is also used in auditing expense reports, managing incoming vendor invoice, and processing vendor payments by solving their disputes or inquiries.

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