Robotic Process Automation (RPA) is one emerging technology that has garnered a lot of attention recently.
It has been proven that automating business processes through RPA can lead to a Return on Investment of between 30 to 300 percent in the first year alone.
Is your organization considering RPA? RPA software can be trained to capture and interpret the actions of specific processes in existing software applications, it can then manipulate data, trigger responses, initiate new actions and communicate with other systems autonomously. The implementation cost is significantly high so is RPA the only option to accomplish your objectives?
Rausch is designing advanced data analytics frameworks for our clients utilizing our PIVOT (Profitability Improvement Via Optimized Transactions) methodology. PIVOT allows companies to implement real-time mechanisms that detect process aberrations that impact quality and profitability, including detecting fraud or simple honest mistakes by employees.
Rausch’s clients are reaping the benefits of PIVOT by expediting back-office and middle-office tasks. Our clients are replacing time-consuming, repetitive and lower value processes with PIVOT automation. PIVOT allows for issues to be corrected in near real-time, before the process completes. These advanced analytics are the start to a complete RPA framework utilizing resources most companies already possess.
What separates PIVOT from other forms of automation is that it not only can be designed for any one process or activity but can be leveraged across any standard rules-based process or activity. It also mimics human interaction with IT systems, but can execute rules-based steps in a fraction of the time a person can.
PIVOT can be leveraged in a wide range of areas, including insurance, finance, internal audit, procurement, supply chain management, accounting, customer relationship management and human resource management.
Please take a look at what our clients are saying about PIVOT and Rausch. We have also provided a white paper on the process and the return on investment involved with utilizing PIVOT. We would welcome the opportunity to have a discussion with you on the following:
- RPA Design and Rausch Resources
- Data Analytics Development
- Data Analytics for Internal Audit Training Course
- Continuous Controls Monitoring (CCM) Solutions