What is Robotic Process Automation?

TRPA allows automation of the human tasks that are done on a computer, thereby reducing the time for the task to be done, reducing or eliminating the effort required by a human being, reducing the costs associated with the execution of the task and increasing the quality of the work done.
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Robotics Process Automation

In corporate finance, automation changed the game. Accountants and other financial professionals once tasked with manual processes and number-crunching were freed up to focus on more strategic initiatives.

Robotics process automation (RPA) is a recent favorite among some B2B FinTechs. Corporate accounting software company Gappify, for instance, announced only weeks ago that it is rolling out an RPA-fueled bot to automate many accounting processes — that is, to automate processes without requiring human intervention to initiate that automation. RPA-based solution to help companies more easily access data stored within on-premise ERP systems.

ADF Framework Consists

    1. What is Robotics Process Automation?

    • Alternate to Outsourcing and Offshoring
    • An opportunity to automate repetitive, rule based manual processes
    • An opportunity to get better and faster return
    • However, not necessarily easy – it requires a well-defined, structured project with appropriate scope, budget, team, timeline, etc.

    2. Initial research and kickoff:

    • Work with various vendors (tool providers and system integrators or solution providers) to thoroughly understand this technology.
    • Partner with various business groups to get an initial list of potential use cases for pilot
    • Acquire free pilot licenses
    • Negotiate free services from solution providers
    • Work with various stakeholders to educate them and manage their expectations regarding RPA, and its usage as compare to the traditional automation

    3. Some of the sectors where RPA can be implemented

    • 1. BPO Non-Voice sector.
    • 2. Business Support Services like Finance, HR, Admin, Sales, Marketing, etc.
    • 3. Data Analytics will see a lower but sure impact.
    • 4. All areas where compliance and reporting are major needs.
    • 5. IT will face a lot of impact as IT itself is the enabler of automation.
    • 6. BFSI will see a major impact (the department focused on cost reduction).
    • 7. Insurance is already on the way towards automation.
    • 8. SAP users will see a lot of automation and major impact on people.