In any business, there are several processes that consume time and effort, and hence Enterprise Resource Planning (ERP) was introduced to streamline the various business functions for effective output. But, the ERP system had its own shortcomings and was not up to the mark, therefore, soon RPA (Robotic Process Automation) was launched.
Today, many companies are using RPA to boost their business by simplifying their account books, reducing manual effort on the process and many more. Apart from that, RPA has the potential to give the best output on the task; it can save time on various operations that come in the business line. Overall, RPA boosts up the business by managing the data and giving the best information that is valuable for the business.
Sectors where RPA can be applied
Banks, Insurance companies and financial institutions process large numbers of operations daily. In sectors that require intensive and bulky operations, RPA can be used as an invisible worker, replacing humans in mundane and repetitive tasks.
RPA allows modern banks to meet their high demands for audibility, security, and data quality, while also improving operational efficiency. For epayments and credit card companies, automated software is used to handle tasks such as issuing cards to users. RPA furthers the speed and accuracy of tasks, which in return increases productivity.
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The retail industry is one industry that benefits greatly from the use of RPA. Automated software has been designed to handle fraudulent accounts, for example, as well as to update orders and process shipping notifications, eliminating the need to manually track shipped goods.
In Telecolm, RPA is used to monitor CRM subscriber feeds, fraud management data, and customer data updates. RPA also acts as middleware to automate user information.
The companies that deal with RPA
- CATALYTIC
It is the pioneer company that engages the people with the machines and provide advanced automation technology to boost the business. Nowadays, every business is digitalized and the need for technology is a must. So, Catalytic introduced RPA that connects the people to enhance their business.
- KOFAX
The giant agency in the automation sector has a good grip in the Automation field. The company serves the blend of RPA and Analytics tools that increase business profitability and also enhances the growth of the firm.
- AntWorks
The recognition of data is a must for RPA to work and AntWorks is the first one in the list which filters the data effectively to deliver useful business insights. The firm uses a special algorithm to strain the data and this feature makes it a unique offering in the field of Automation Industry.