Studies have shown that Fortune 500 companies lose an average of $31.5 billion per year due to the failure of sharing knowledge across teams. This lack of proper communication and collaboration results in the formation…
Forrester’s Prediction 2021 guide states that “one in every four information workers will receive help from software bots or RPA in 2021.” The demand for robotic process automation is undoubtedly on the rise, and the…
Business leaders are well acquainted with RPA and are aware of the several benefits that automation could bring. From cutting down costs to improving customer satisfaction, RPA simplifies business processes and optimizes them. The widespread…
Artificial intelligence and machine learning discoveries have led to the development of software systems that can automate repetitive, rule-based operations of moderate complexity. Robotic Process Automation (RPA) is a type of process automation technology that…
In the last couple of years, the banking industry has seen more and more banking customers beginning to rely on digital banking tools. This phenomenon is mainly because digital banking makes it convenient for people…
Artificial Intelligence continues to transform industries by delivering results in the form of insights. AI helps streamline business processes by improving existing models and simplifying tasks. Of the several issues that AI has tackled, one…
With automation driving the decline of banal and repetitive tasks, this could be rightly called the age of automation. When businesses leverage RPA to optimize their processes, they supposedly witness a reduction of up to…
The expression, ‘aging like fine wine’ unfortunately does not apply to legacy systems. These systems that previously served as the foundation for business processes have become a hindrance to businesses embarking on their digital transformation…
If you ask any finance professional who is involved in account reconciliation process, you’ll understand that this is a mundane and a tedious task, spending hours matching payments and incoming transactions against your general ledger.…
While the innovation of technologies has become industry-agnostic, businesses across industries are looking for ways to boost operational efficiencies and drive business revenues. However, it’s quite surprising to see organizations still persisting with manual processes…
Manual efforts have become a liability in the last decade and things have gone haywire especially after the virus outbreak. The finance arena has been one of the worst hit industries as the threat over…
Automation has been the X-factor behind crucial business processes for about 91% of global organizations. A recent survey suggests that 93% of companies believe automation forms the fulcrum of their digital transformation initiatives. That being…
