Introducing Automation at low cost and with near zer0 risk.

Robotic Process Automation (RPA) – The concept is simple: a software “robot” replicates routine human-computer interactions, automating what would otherwise be tedious, repetitive tasks.

What can software robots do?

Here are some of the tasks that can easily be handed over to the Robots

Log in to any application

Read and write to databases

Connect to system APIs

Open emails and attachments

Move files and folders

Scrape data from web

Extract content from documents, PDFs, emails and forms

Make calculations

RPA can help with:

Manual labor intensive tasks

Repeteitive manual (usually low value and high volume) work often arises from legacy systems that are inflexible and not integrated into other areas of bank systems. This leads to low job satisfaction, morale and productivity, as well as lack of freedom to do more important work like solving problems or adding value to customer interactions.

Legacy systems

In many cases [ERP systems] force companies to re-engineer their business processes to accommodate the logic of software modules for streamlining data flow throughout the organization.

Paper based documents

Many accounting documents such as invoices, purchase orders, expense statements, and even checks, are still processed on physical paper.

Unstructured formats and natural language

Once the data has been extracted, it often takes the form of unstructured information or consists of natural language that is understood by humans but is not easily used by most software.

The fitness criteria for choosing which processes to automate are:

Highly manual, repetitive and high-volume process

Rule-based process

Low exception rate (low variation between processes)

The inputs must be electronic or machine readable

The processes and their underlying Applications must be stable

RPA are enabling us to do more with less

Because digital labor in the form of RPA can supplement and augment the human workforce, it allows people to achieve more with fewer resources in less time.

Higher efficiency

RPA brings reduced cycle time and enhanced productivity to the table, thanks to it’s ability to work 24/7.

Advanced analytics

With RPA making, gathering and organizing data easier, you can predict future outcomes and optimize processes.

Greater performance and quality

Robots work consistently and tirelessly, and ensure greater accuracy, resulting in high quality output.

Lower cost

To replace a full-time employee with a software (RPA) can bring about 25-50% cost savings.

Non-invasive technology

There is no need to rewrite legacy software. A robot is like any other worker, carrying out tasks by using the same applications as you do.

Global benefits from an automation-first mindset success requires

Humans + robots

75%

Global productivity increases

+50%

Employee satisfaction increases

60mil

Automation creates net new jobs

2.3 bil

Expands capacity with full time equivalents

SOURCE: MCKINSEY – A future that works: Automation, Employment, and Productivity.

Common processes across industries that companies should automate

HR Services
  • Payroll
  • Time & attendance
  • Management
  • Onboarding & offboarding
  • Benefits administration
  • Recruitment (back office)
  • Personnel administration
  • Education & training
Supply Chain
  • Inventory management
  • Demand & supply planning
  • Invoice & contracts
  • Management
  • Work order management
  • Returns processing
  • Freight management
IT Services
  • Server & application monitoring
  • Routine maintenance & monitoring
  • Batch processing
  • Email processing & distribution
  • Password reset/unlock
  • Back up & restoration
Finance & Accounting
  • P2P: Vendor master, Requisitions, PO creation & management, Payment processing, Reporting, Invoicing
  • O2C: Quote management, Cash applications, Customer master, Credit management
  • R2R: General / intercompany accounting, Bank reconciliations, Fixes assets, Close, Consolidations
  • Collections
Customer Services
  • Customer Inquiries
  • Order management
  • Customer account set up
  • Document processing
  • Duplicate system entry

Opportunities to automate manual, repetitive tasks exist across all functions, end-to-end processes, business units of an organization

Source: UiPath

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