Process Automation InsightsWritten By Industry Experts
This October, hundreds of RPA experts gathered to celebrate and accelerate their journeys towards becoming fully automated enterprises at UiPath Forward IV. The two-day event.
Invoice Processing at a Major Manufacturing Company is an extremely manual task that consumes up to 75% of the Account Payable team’s day. The Invoice Processing function is essential to the company’s operations as fulfilling orders quickly not only effects the company’s overall revenue but their customer satisfaction. The Accounts Payable Department is held responsible for the accuracy and efficiency of this process; Prone to human-error, and backlogged during peak times turned the company’s focus towards an automated solution. To automate this process in its entirety and fully optimize the results, Optical Character Recognition (OCR) was integrated within the automation to read the PDF invoices and enter the data accurately into SAP.
A Global Oil & Gas Exploration Company employs a team of Financial Analysts each month to close out all projects from the previous month and run queries on project cash flows. The main purpose of this Equity Investment Report (EIR) process is to determine the ROI and overall “worthiness” of each project the company executes. To close out each ERI, the team is also tasked with deciding whether to close out a project or continue to pursue it throughout the upcoming month based on the calculated metrics. Originally requiring 10 Full Work Days and 30 Hours of Overtime each month, the client sought to automate the EIR process and is now seeing $30,000 in monthly ROI from this automation alone.
Confronted with increasingly complex security risks and a resultant increase in regulatory scrutiny, financial institutions juggle operational costs with numerous compliance challenges, at the forefront of which.
A lot of people wonder why RPA Technology became such a big deal in the first place. The usual answer is that RPA helps automate.
RPA and AI buzzwords are everywhere. Combined together, both are marketed as the drivers of the 4th Industrial revolution. The term “AI” has suddenly started.
Technology always evolves at “warp” speed, but in the past few years there has been an explosion of new technologies such as AR/VR, Blockchain, IOT,.
Written By: Zia Bhutta, Managing Partner and Lead Investor, Accelirate Inc. I am an Investor and Board Member in a Technology Product company, TapToBook; this.
Business process mining and process discovery software are not new as these platforms/tools have been around for a while, including the current development of new.
Optical Character Recognition (OCR) Technology has been around for a long time. It has mostly been a part of various enterprise grade document management and.
Robotic Process Automation (RPA) is a surface level automation software which can be used for applications to talk to each other. Application Programming Interface (API).
As Automation & AI Technologies evolve, we see different Operating models being utilized in many Organizations. At a high level these are the Operating Models.
Over this past year I have had countless conversations with Business Analyst (BA) Unit leads and they all seem to share a common pain point, they are spending well over half of their time inputting and manipulating data across multiple platforms.
When a company first embarks on their Robotic Process Automation (RPA) journey, 99% of the time Joe from Finance, Sarah from Process Optimization, or Tom.
In our previous articles, we talked about different types of AI Technologies and how and where they can be used in the Enterprise. It is.