Category: Robotic Process Automation

Robotic process automation (RPA) is a form of business process automation technology that makes it easy to build, deploy, and manage software robots that emulate humans’ actions interacting with digital systems and software. Just like people, software robots can do things like understanding what’s on a screen, completing the right keystrokes, navigating systems, identifying, and extracting data, and performing a wide range of defined actions. But software robots can do it faster and more accurately than people, without the need to take a coffee break. Top 3 Business Benefits of RPA? The advantages of RPA are numerous, including cost savings, reduced failure rates, faster efficiency, reduced turnaround time, increasing process scalability, and improved compliance. The top three business benefits Innovatix has seen as an outcome from our RPA clients are. Why is RPA Transformative and where to implement? Instead of people, software robots do repetitive and low-value tasks like as entering into applications and systems, moving files and directories, extracting, copying, and inserting data, filling out forms, and running regular analysis and reports. Advanced robots can even execute cognitive tasks such as deciphering language, participating in chats and conversations, comprehending unstructured data, and making complicated decisions using advanced machine learning models. Humans are freed to focus on the things they do best and enjoy more when robots perform these types of repetitive, high-volume tasks: innovating, collaborating, creating, and interacting with customers. Businesses benefit as well, with increased production, efficiency, and resilience. It’s no surprise that RPA is changing the way we work. RPA has grown in popularity due to its broad applicability. Virtually every high-volume, business-rules-driven, repeatable activity, as well as cognitive operations requiring higher-order AI skills, are excellent candidates for automation. Why I should Consider RPA for my Business? RPA can be considered with other technical options and with some process change management skills. Use cases for RPA include instances when an organization wants to work with structured data to Automate an existing manual task or process with minimal process re-engineering. Improve speed, quality, and productivity RPA bots can be trained to undertake un-intelligent and repetitive tasks faster and more accurately than humans ever could. RPA helps organizations speed up processes while reducing costs, ensuring organizations are ready to deal with disruption and change. Enterprises in multiple industries are benefiting from RPA by accelerating back-end processes. According to Office Worker Survey, conducted by UiPath, 67% of global office workers feel crushed by doing repetitive tasks. They would like to automate many of them, including e-mails, data input, creating datasets, scheduling calls and meetings. Industries that require RPA Banking Financial Services Health Care Retail Bank Account Opening Refund Processing Patient registration scheduling Invoice Processing Reversal of Charges Incentive claims Claims management In-Store Planning Remittance Process Collections Medical Billing Sales Analytics Credit Card Processing Statement Reconciliation Appointment Scheduling Business and Sales Analytics Fraud Detection Brokerage Processing   Customer Support         Human Resources Insurance Manufacturing Telecom Resume Screening Claims Processing & Clearance Bill of Materials (BOM) Customer Onboarding/ Offboarding New employee joining formalities Premium Information Creating and filing invoices Network Management Offer letter administration Form Registration Invoice Data Capture Debt collection Payroll process Regulatory Compliance Order Booking Automation       Secure Proof of Deliveries (PODs)           The financial sector was one of the first industries to use robotic process automation, but today RPA software has an increasing role across many branches, including retail, construction, telecommunication, oil, gas, and energy, pharmaceutical, utilities, automotive, fashion, logistics, or food industry. Innovatix Technology Partners, a Macrosoft, Inc. company offers end-to-end RPA services, which include everything from evaluation and assessment to strategy, planning, deployment, and support. We’ve had a lot of experience helping small, medium, and large businesses automate and streamline their business processes, which has translated into enhancing productivity and efficiency.

Robotic Process Automation (RPA) is a rapidly emerging technology that is set to revolutionize the way businesses operate. RPA automates routine tasks, allowing human employees to focus on more cognitive and judgmental applications. In the financial industry, where accuracy, speed, and compliance are crucial, RPA can provide significant benefits. Innovatix Technology Partners understands the importance of staying ahead of the curve in today’s fast-paced business world and we want to share our insights with you. Here are three straightforward use cases in financial companies where you can start when exploring RPA. Accounts Receivable and Payable: Managing payments to and from vendors involves an immense amount of transactional processing. RPA can automate this process, with the option for human intervention for manual approval above a certain level or when certain thresholds are triggered, all while following tax guidelines. Financial Closings: Whether it’s month-end, quarter-end, or year-end closings, there’s a tremendous amount of expenses, receipts, and transactions that need to be properly recorded and entered into the ledgers. RPA can automate this reoccurring task, with the option for escalation for anything that is outside of the norm. Customer On-boarding: As your company grows, you’re constantly on-boarding new customers. With RPA, companies can use OCR (optical character recognition) to automatically scan and read handwritten information, convert it into digital bits and bytes, and enter that data across multiple systems throughout your organization. At Innovatix Technology Partners, a Macrosoft, Inc. company, we are dedicated to helping our customers stay ahead of the game by leveraging the power of RPA. Whether you’re in the financial industry or any other industry, we can work with you to determine the best course of action for your organization. Don’t wait any longer to start reaping the benefits of RPA – contact us today to talk to an RPA expert to custom-tailor your process automation venture.

Business Process Automation (BPA) is the use of technology to automate repetitive and time-consuming tasks in the workplace. BPA can help businesses improve efficiency, productivity, and accuracy and free up employees to focus on more strategic and value-added activities. The future of BPA is bright. New and innovative ways to automate business processes will emerge as technology evolves. This will allow businesses to improve their efficiency and productivity further and gain a competitive edge. Innovatix Technology Partners understands the importance of staying ahead of the curve in today’s fast-paced business world, and we want to share our insights with you. Here are our views on the latest trends, benefits, and challenges of BPA. Trends in BPA Several trends are shaping the future of BPA. These include: Benefits of BPA BPA can offer several benefits for businesses, including: Challenges of BPA There are a few challenges that businesses face when implementing BPA, including: Conclusion BPA is a powerful tool that can help businesses to improve their efficiency, productivity, accuracy, and cost-effectiveness. As BPA continues to evolve, companies must adapt to the changing landscape and invest in new technologies. By doing so, businesses can reap the benefits of BPA and improve their competitive position. When considering the implementation of BPA, it is crucial to thoroughly evaluate both the benefits and challenges involved. With meticulous planning and execution, BPA has the potential to be highly beneficial for businesses of any size. At Innovatix Technology Partners, a Macrosoft, Inc. company, we are dedicated to helping our customers stay ahead of the game by leveraging the power of BPA. No matter your industry, we can collaborate to determine your organization’s best course of action. Do not wait any longer to start reaping the benefits of BPA – contact us today to talk to a BPA expert to custom-tailor your process automation venture.

In recent years, Robotic Process Automation (RPA) has been making waves in the healthcare industry. RPA has been instrumental in automating routine and time-consuming tasks, thereby allowing healthcare professionals to focus on more complex tasks that require their attention. In this blog, we will discuss the top use cases of RPA in the healthcare industry. In conclusion, RPA can be a game-changer for the healthcare industry, helping healthcare providers improve efficiency, accuracy, and compliance. By automating routine tasks, our robotic process automation services can help healthcare providers focus on more complex tasks, improving patient outcomes and reducing the risk of errors. At Innovatix, we are dedicated to helping our customers stay ahead of the game by leveraging the power of robotic process automation tools. Whether you’re in the healthcare industry or any other industry, we can work with you to determine the best course of action for your organization. Don’t wait any longer to start reaping the benefits of RPA – contact us today to talk to an RPA expert to custom-tailor your robotic process automation and intelligent automation venture.

Process Mining is changing the face of digital transformation. Companies using Process Mining can fully and transparently see all their process resources end-to-end, can see how well or poorly different parts of their processes are being utilized in reality, and can then go about optimizing them in a prioritized ROI-based approach starting with the lowest-hanging fruit. More and more organizations are turning to Process Mining, with the goal of streamlining and clarifying their business processes. But why, and why now? Why in the last several years is Process Mining becoming increasingly crucial for organizations, when other forms of process management have existed for a long time (including earlier versions of process mining itself)? Why is it so different and important that now makes it highly desirable for companies? Businesses have long been using “Business Process Management” when it comes to process understanding and automation and now, “Process Mining” has been thrown into that pool. In this blog we break down Process Mining to its core functions and show why we think it is now necessary and crucial for Business Process Management as a whole to incorporate Process Mining into its thinking.  What Actually Defines Process Mining? Process Mining uses event logs from all enterprise systems that control and define a specific business process. With the information so collected, a company can thoroughly analyze a given process and break it down to the core in terms of all the activities that are actually going on in that process, and the various paths that things are actually taking to get thru the process. It presents to users the actual way that processes work, not the idealized way that process owners may expect and hope for. It has proven to be incredibly useful in finding bottlenecks, finding all the abnormal paths things take thru a process, and other hidden problems with the process, ones that the company typically wouldn’t notice themselves. Or even if they notice some of them, they would not have the quantitative data to know how much of a problem they are, and to fix them well and avoid creating other problems in the process. It is these abnormal process paths that slow down and make inefficient a company’s process, and can cause process costs to skyrocket in many cases. So knowing about these abnormal paths in detail and over time are key to engineers improving their process. Process Mining also provides a visual representation of all the ways things go thru the process (in reality) so the company can see what events are actually occurring and which ones are causing the problems. The company can then use the process information generated by this tool and compare it to their desired process flows. What is Business Process Management (BPM)? Business Process Management is clearly the critical approach in creating the most desirable process for a given company. It focuses on designing, modeling, executing, monitoring, and optimizing a process in order to keep it steady and controlled. With BPM, companies are able to ensure that their processes are designed to be efficient and effective, resulting in a cost-efficient organization. How do Process Mining and BPM differ? The main difference in these two approaches (tools) is in the end-result: BPM provides a map of the ideal process for a company whereas Process Mining gives the actual, real-time process of the company at any stage as they seek to automate and optimize. What started the use of Process Mining in the first place was that processes analyzed in the BPM tool were often being produced via manual steps in the process that were unknown and unexpected in the BPM process design. This not only caused inefficiency within businesses but also resulted in many inaccuracies in the true process’s depiction. How Process Mining helped is that it completely automated process discovery and quickly found the company’s real process at its core. The question is no longer “are these tools the same?” or “which one is better?” but rather “how do both go hand-in-hand?” Process Mining and BPM are both vital in achieving complete process automation. Process Mining can be considered a step of BPM, taking place in between the designing and the modeling of a company’s ideal process. It makes the whole BPM lifecycle so much more efficient. In the chart below, you can see how Process Mining fits right into the steps of BPM and makes it a more powerful automation tool. By breaking down both tools within the entire process automation cycle, we can see that BPM begins by modeling the ideal process and helps the company decide where they want to be whereas Process Mining shows a company exactly where they are at any given point in time by analyzing the process that is actually there. Using both tools together maximizes the best outcome for a company’s process automation initiatives.   Conclusion Although Process Mining is not an automatic component of BPM, it can be highly beneficial in maximizing the efficiency of the end result. The reason Process Mining is considered to be at the peak of interest in process automation technology is because more and more companies are discovering its benefits. It allows for organizations to know the pre-existing conditions of their processes in order to achieve the highest possible end result. This can be likened to how doctors fully examine patients prior to providing any surgery or medication. By doing this, they ensure that they are aware of a patient’s current state and, therefore, make it easier for themselves to come up with the best solution or diagnosis.