Robotic process automation (RPA) or “Automation” describes logic driven robots that execute pre-programmed rules on mostly structured and some unstructured data. It is to replicate human actions in completing rule-based tasks. Robotic Process Automation (RPA) is providing digital speed to market and cost takeouts for financial institutions, but the successful financial institutions of tomorrow will be those who embrace the current wave of this technology to drive the business outcome.
With 100% accuracy, process output quality improves drastically.
A virtual workforce can respond to growth (e.g. organic, acquisitive) with speed, agility, and resiliency.
Shorter cycle times, faster delivery that human workers and increased quality lead automatically to improved customer experience.
Robotic process automation can create significant cost savings.
The priorities of the employee workforce will shift to innovation, strategy, and other business development activities.
One robot can deliver the work equivalent to multiple FTEs and round the clock.
AutomationAnywhere, BluePrism, OpenSpan, UiPath.