Best RPA Tools for Better Results
What is RPA?
The business climate is ever changing. An enterprise
needs to continuously evolve its product, sales, marketing, etc. process to
grow and stay relevant. To overcome this technical and organization debt human
workforce is hired to fill With any change in the business process, a company
would need to hire new employees or train existing employees to map IT system
and business process. In case of a change in process, a change in a few lines of software code is
always faster and cheaper than retraining hundreds of employees. A bot can help
bridge the gap between organizational goals and worker bandwidth.
RPA tools for more fit for
purpose.
Robotic are entities which
mimic human actions are called Robots.
A process is a sequence of
steps which lead to meaningful activity
Automation is any process
which is done by a robot without human intervention.
RPA (Robotic process Automation) means à mimicking
human actions to perform a sequence of steps, leading to meaningful activity,
without any human intervention. Can easily simulate rekeying of data from one
system to another.
RPA is one of the hottest and fastest growing
technologies for improving real-time business operations and processes. It
helps fill in the gaps as a powerful, complementary technology to reduce costs and increase
productivity. Also solving automation challenges and pushing
organizations to grow into digital workplaces. Robots manipulate and
communicate with business systems and applications to streamline processes and
reduce the burden on human employees.
Part of the beauty of robot process automation technology is that even non-technical employees will
have the tools available to configure their own software robots to solve their
automation challenges. RPA is maturing and with the convergence of other
technologies such as artificial intelligence and machine learning (ML).
General Use of RPA
Emulates Human Action: Emulates
human execution of the repetitive process using various application and
systems.
Perform Multiple Tasks: Operates
multiple and complex tasks across multiple systems. This helps to process
transactions, manipulate data and send reports
Conduct high-volume repeated
tasks: Can easily simulate of data from one system
to another. It performs tasks like data entry, copying, and pasting
Virtual system integration: can
transfer data between disparate and legacy systems by connecting them at the
user interface level ·
Information validation and
auditing: Resolves
and cross-verify data between different systems to validate and check information
to provide compliance and auditing outputs.
Product management: It helps to
bridge the gap between IT systems and related product management platforms by
automated updating of both systems·
Data migration: It helps to
bridge the gap between IT systems and related product management platforms by
automated updating of both systems·
Automated report generation: Automates the
extraction of data to comes up with accurate, effective and timely reports.·
Technical debt management Helps to
reduce technical debt by reducing the gap between systems, preventing the
introduction of custom implementations·
Quality Assurance: can be
beneficial to QA processes which cover regression testing and automating
customer use case scenarios·
Gap solutions & Revenue
forecasting: Automatically updating financial statements to
predict revenue forecasting.
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