Have you considered Robotic Process Automation (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.
Rausch is designing RPA frameworks as our clients are 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.
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.
PIVOT RPA is a significant development in business automation and our clients are experiencing upwards of 300% ROI in the first year.
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.