Though organizations automate their business ecosystem, they cannot completely abandon their legacy applications. Automation also has its own challenges. RPA solves both challenges by retaining the advantages of both legacy applications and modern automation. Simply put, RPA eases the use of Oracle ERP and is a step ahead of just plain automation. This ability to sweat legacy systems while driving efficiencies is a very attractive option. RPA driven Oracle ERP ensures faster, error free tasks and automated process optimization across organizations.
Key Benefits of RPA implementation:
- 50% Increase in Finance Efficiencies at Nearly Half the Spends!
- Seamless productivity and enhanced accuracy
- Uninterrupted 24X7 work by Robots
- Better security and compliance as bots always follow data protection procedure thus leaving a clear audit trial
- Versatility to change from intelligence driven RPA to rules driven automation
- Human intervention minimized leading to reduced human error and increased workforce focus on high value tasks
- Automated, productive and intuitive task Management
- Reduced costs leading to increased ROI
- Minimizes data entry chores, speeds it up and makes it error free
- Perfect integration and implementation of AP automation reduces process cycle times by 40%, thus saving millions of dollars in operational costs
What processes RPA can automate
Rule driven processes like the ones found in financial services are the sweet spots for RPA in Oracle ERP. Once such tedious processes are broken down into detailed and logical steps, the bots can easily get them done, thereby allowing humans to focus more on subjective and interpersonal tasks.
Different Use Cases where RPA can be Implemented in Oracle EBS Modules
Human Resource (HR) – The RPA efficiency is proved in different domains and modules of Oracle EBS. Let us take the case of HR, you can use RPA to automate processes such as Leave Application, Joining Formalities, Payroll Processes, Data management, Employee onboarding/ Offboarding, Compliance and reporting.
Finance – In the Accounts and Finance department, the most mundane and repetitive processes like Invoice Validation, Invoice Matching, Accounts Payable, Accounts Receivable, Generating Cash Position reports, Budgeting and Forecasting, Invoice Creation, Financial Ops and Accounting and many more.
Customer Relationship Management (CRM) – Today, Customer experience is topmost priority for businesses. RPA proves its mettle here in daily tasks such as Price Management, Sales Business Intelligence, Customer Self-service, e-Billing, Customer Data Updation and Integration, Order Fulfilment, etc.
Supply Chain & Logistics – In the department of Supply chain, RPA brings about enhanced speed, cycle time. There are next to zero scope for errors enabling your employees to maintain a healthy relationship with the customers. The scope for automation is there for processes like Inventory management, Supply and Demand Planning, Shipment tracking, Order-to-cash and P2P.
When it comes to collaboration, RPA has the capability to interact and integrate with different functional modules and thus successfully complete the transaction. So, we are not just limiting RPA automation in the above-mentioned use-cases of Oracle ERP and its modules but there are other functionalities as well for automation. RPA can be implemented based on your business requirements.
PMP certified and passionate about ERP,CX transformation. He is the author of “A Practical CIO Guide for Modern Business Applications”, an iBook articulating next gen application sustenance or maintenance needed by organizations embarking on digital transformation. He is also the Founder and President of “Oracle Applications Forum” (OAF)focusing on latest modern business applications.
At Aspire Systems he also plays a role of account manager for large accounts and heads Enterprise Business Application practice.
Latest posts by Chenthil Eswaran (see all)
- Power the Finance Productivity Boom using Intelligent Process Automation in Oracle Finance - September 3, 2020
- Bridging the gap between Legacy ERP and Modern Automation - August 28, 2020
- Top 10 Features of Oracle Fusion Cloud - June 11, 2020