Straight Through Processing commonly referred to as STP is automated, electronic processing without human intervention. Modern-day applications and systems are quite adept with STP. The issue revolves around legacy systems, which you cannot sunset because of obvious business reasons. Intelligent Automation, also sometimes acknowledged as Artificial Intelligence (AI) / Machine … [Read more...] about Intelligent Automation – Improve STP and Business Agility around Legacy Systems
RPA
IPA vs. BPA vs. RPA: What Should Your Company Choose
Business process automation (BPA), robotic process automation (RPA), and intelligent process automation (IPA) are buzzwords that fall under the broader team business process management (BPM). The BPM concept revolves around improving business processes through audits, scenario modeling, monitoring, and continuous optimization. Its outcome may involve digitalization and … [Read more...] about IPA vs. BPA vs. RPA: What Should Your Company Choose
The Biggest Insurance Technology Trends For 2022
The insurance industry has been undergoing major changes in recent years. Not only does it have to keep up with the technological advancement but it also has to adapt to the changing needs of the clients and provide them with relevant offers. With that being said, insurers have to keep an eye on the latest technology trends in order to retain clients and remain competitive in … [Read more...] about The Biggest Insurance Technology Trends For 2022
Robotic Process Automation Cost, Deciphered
Office employees spend around 69 days per year on administrative tasks. This costs US businesses $2.87 trillion in lost productivity annually. No matter which industry you're operating in, taking the burden of mundane, rule-based tasks off your employees' shoulders is always a good idea. And here's where RPA-as-a-service solutions come in handy. As of 2020, 72% of companies … [Read more...] about Robotic Process Automation Cost, Deciphered
Top 13 RPA Challenges and Ways to Overcome Them
Robotic process automation (RPA) projects are a challenging endeavor. According to a recent survey, 69% of RPA projects fail to take off because of their complexity. And for the lucky ones that manage to proceed to execution, up to 50% of them fail. To further complicate matters, Blueprint, an enterprise automation company, reports that 63% of business leaders are not satisfied … [Read more...] about Top 13 RPA Challenges and Ways to Overcome Them
