Robotic Process Automation (RPA) - Meaning
RPA (Robotic Process Automation) is the term described to free employees in performing mundane, repetitive and rule-based-tasks. Using RPA tools, a company can configure software, or a “robot,” to capture and interpret applications for processing a transaction, manipulating data, triggering responses and communicating with other digital systems.
As RPA gains more prominence in the modern organization, it is increasingly being used as an enabler to achieve Digital Transformation.
Robotic Process Automation automates such repetitive data processes like:
- Processing Transactions
- Collecting Data
- Triggering Responses (Chatbots)
- Integrating various disparate data systems
RPA and its intelligent automation ensures that all operations across are done at faster speeds & reduced costs
- Finance & Accounting
- Human Resources
- Procurement & Supply Chain
- Information Technology
Benefits of Adopting Robotic Process Automation (RPA)
Overall Cost Reduction
Speed & Productivity
Accuracy & Compliance
Scalability & Flexibility
RPA Use Cases
Banking & Finance
- Claims Processing
- Bank Account Opening
- Credit underwriting
- Anti-Money Laundering
- Compliance
BPO
- Improving Customer SLA’s
- Data entry and validation
- Reconciliations
- Improved quality by re
Insurance
- Quote generation
- Claims Payout process
- Reimbursement/Cashless Mediclaim
- Endorsement
- Underwriting
Information Technology
- Service Desk Automation
- Password Reset
- Health Check of Server
- Log Purge
Manufacturing Industry
- Purchase Order Creation
- Inventory Management
- Customer/Vendor Support
- Integrated Systems
Retail Industry
- Automate Invoice Processing
- Bank Reconciliation
- Real Time an
Chat bots
- Business Application
- Chat Apps
- Service Desk
- Social Media Messenger