Robotic Process Automation (RPA) Training in Chandigarh

 Uses Of RPA

Finance

Many companies have invoice portals that streamline e-invoicing, but onboarding new suppliers is still a manual process.

• Launch a robot that vets new suppliers with a complete report on credit scores, tax data, etc.
• Organizations often work with suppliers via portals that don’t have a well-defined integration.
• Rather than allocating a staff member to log in and out and copy and paste data, leverage a robot to connect to all of your portals and automatically gather or post information either at pre-set times or as part of a defined workflow.
• Moreover, if you work with a number of suppliers to source a specific product with fluctuating prices, track changes, and best pricing automatically with a robot.
• Robots can even sneak into the web code to extract catalog pricing.
• Also, vetting suppliers’ credentials on a periodic basis to ensure they meet your threshold is a highly manual task that’s easy to put off for another day.
• Charge a robot with this job, and it will deliver a full report on time, every time. For some invoices, vendor contract data must be validated to ensure compliance with contract terms.
• Some organizations already have this function automated, but if not, mind that gap with a robot.

 Human Resources

• RPA software can gather and review candidate resumes and profilesand assess those against job requirements to create a shortlist.
• Companies can define rules and requirements to guide which resumes and profiles are selected.
• Once a candidate is selected for a job, RPA software can use information about the job and the candidate to create a personalized offer letter.
• Once the letter is approved by the appropriate parties, the system sends the offer electronically to the candidate. Upon receipt of an acceptance, the software can then begin the process of onboarding.
• After a candidate has accepted an offer, RPA software can then trigger the process of onboarding.
• This can include creating and sending out onboarding documents, such as work eligibility, tax forms, benefit enrollments, instructions for the first day and company policies, etc.
• It can also provision system access and user accounts, as well as equipment and office space

 Banking

• As banks deal with multiple queries ranging from bank frauds to account enquiry, loan enquiry, and so on; it becomes difficult for the customer service teamto address them within less turnaround time.
• RPA helps in resolving the low priority queries, freeing up the customer service team to focus on high priority queries requiring human intelligence.
• With so many compliance rules, it becomes an arduous task for the banks to comply with each of them.
• RPA makes it easier for banks to adhere to the rules. According to a 2016 survey by Accenture, 73% of the surveyed compliance officers believed that RPA could be a key enabler in compliance within the next three years.
• RPA helps in increasing productivity by functioning 24/7 with fewer FTEs, improving the quality of the compliance process, and increases employee satisfaction by eliminating monotonous tasks and engaging the employees in tasks requiring human intelligence.
  With the help of RPA, banks are now able to speed up the process of dispatching the credit cards.
• It takes just a few hours for RPA software to gather documents of the customer, make credit checks and background checks, and make a decision based on set parameters on whether the customer is eligible for a credit card or not. The entire process has been streamlined perfectly by using RPA.

 Retail

• The increasing use of customer-oriented retail practicesespecially in e-commerce adds up the tasks like product returns to the various retail processes. Processing returns manually can be a really time-consuming task.
• Product returns are a cost to the company and if their processing is done manually, it may further increase the costs.
• RPA effectively manages the returns and does all the required changes needed in altering the inventory database and customers’ billing.
• Retail is essentially a human-driven industry and customer interaction is one thing that needs to be done manually.
• But with the use of RPA, managing the workflow and other HR processes can be facilitated more productively.
• Whether it is assigning shifts, measuring time and attendance, auditing sales, payroll and leave management, or assessing employee performance, everything becomes easier with Robotic Process Automation.
• The biggest benefit RPA provides here is that past actions can be repetitively performed in the future without manual effort.
• If the retailer tweaks strategies based on analysis, then RPA will help in measuring the effectiveness of new strategies.

 Healthcare

• RPA across the healthcare industry helps in streamlining front-office support. Software robots can efficiently respond to patient requests faster, allowing the patient flow to work in favor of both the patient and the clinic.
• Automation technologies can also enhance data confidentiality.
• Data transfers during automated processes are always confidential, eliminating any human errors by design.
• RPA enables superior system compatibility because automation software as the one designed by UiPath is a process, it does not interfere with healthcare legacy systems and applications.
• This means it can run successfully without the need for additional investments in changing the system.
• Automation also enables better cost management. A software robot’s cost is a fraction of that of a human employee.
• For repetitive tasks that are prone to errors, RPA can provide significant savings that can be reinvested, thus providing the opportunity for better patient care.
• RPA use cases in healthcare offer valuable insight into why it’s worth passing on some repetitive tasks, like entering patients’ blood test results into specific files and then consistently updating those files, to software robots.

 Smarter, Better RPA

The way forward for RPA platform vendors is to replace screen-scraping integration to the mainframe. They can do this by leveraging a mainframe RPA engine such as HB.js, and it is completely transparent to end-users. Every RPA stakeholder in the enterprise benefits from this approach:

• End-users: faster response, better performance, more reliable integration to mainframe data sources.
• IT group: more efficient utilization of the mainframe, ability to continue evolving mainframe applications without fear of breaking RPA integrations.
• RPA platform vendors: a competitive advantage from using efficient mainframe integration technology that minimizes the operational impact of RPA.

The way forward for enterprises that are using RPA is to complete an RPA mainframe analysis. With the results of this analysis, enterprises will understand how RPA is impacting the mainframe. More importantly, the analysis provides a roadmap to RPA remediation, optimization, and modernization.

What will the future of RPA look like?

• More and more companies are planning to implement RPA going into 2019. As it becomes more widespread, the uses for it will become more varied.
• We are already seeing signs that RPA is being used beyond data input. It can be used for other time-consuming processes such as email recognition and file conversion.
• It will incorporate machine learning and cognitive algorithms to apply increasingly accurate judgement and learn how to perform processes at a faster rate. 
• It will also likely reduce outsourcing as RPA becomes a cheaper solution.