Robotic Process Automation

Robotic process automation (RPA) is a technology that allows a computer programmer or “robot” to replicate otherwise manual processes in an automated, repeatable and reliable manner. Just like a human, robots can: open emails and attachments; log in to applications; read databases; collect data; follow “if/then” decisions; fill in forms and perform calculations. RPA solutions allow organisations to do more with less minimizing risks through increased visibility and audit trails.


Robotic Process Automation

Robotic Process Automation

Robotic process automation (RPA) is a technology that allows a computer programmer or “robot” to replicate otherwise manual processes in an automated, repeatable and reliable manner.
Just like a human, robots can: open emails and attachments; log in to applications; read databases; collect data; follow “if/then” decisions; fill in forms and perform calculations. RPA solutions allow organisations to do more with less minimizing risks through increased visibility and audit trails. 

Typically, robots operate around 3 times faster than a human worker. Robots are best suited for tasks that are repetitive, rule-based, and incorporate structured digital data. In the treasury space, RPA could be used to automate a number of labour-intensive day-to-day processes – freeing up high-value employees time for activities such as problem-solving, exception handling and troubleshooting.

Payment processing, invoice management, reporting and reconciliation, in particular, lend themselves to RPA. Similarly, robots could be used to assemble, analyse and organised the vast amounts of data treasurers require to produce accurate and timely cash forecasts. At Deutsche Bank we believe that robots have the potential to transform the operations – not only for the corporate treasurer, but also for their banking partners.

In fact, we are now actively developing new RPA solutions to reduce risk, enhance process quality, reduce operating costs and improve customer experience. One of our first robots is “Iris”. Launched in November, “Iris” has revolutionized our fund release processes – improving process quality, speed and cost. Previously, the process of releasing funds was lengthy and inefficient. Dozens of people were required to perform multiple checks to ensure the client had sufficient funds available. “Iris”, on the other hand, is able to carry out the necessary checks in a matter of seconds. If funds are available to the client, the payment will be automatically executed. If, they are not, - the responsible relationship manager is informed and can approach the respective treasurer. “Iris” is only the start. Robots are set to become an increasingly central presence in the bank and treasury of tomorrow – making all kinds of processes more efficient and less risky.

How to use RPA for Invoice Extraction and Processing?

How to use RPA for Invoice Extraction and Processing?

Have you ever wondered what robotic process automation or RPA can do for you in short it provides a competitive advantage by helping you improve both accuracy and speed of operations while radically driving down costs so how does it work in this article we'll explain you how you Uipath streamlines an invoice process end to end you are about to see a robot performing the following activities monitoring a dedicated folder where invoices are saved in PDF format reading invoices from that folder one by one extracting key information from the invoices opening SAP filling in invoice details in SAP sending email notifications.

Please note that the robot will do some activities in the background such as most of the invoice related actions monitoring a folder or checking its email address now right now it's monitoring a folder where three invoices are stored and collecting all the information needed so it can register them one by one it then asks the tester to introduce the email address where the posting notification will be sent and also performs basic checks to see if the SAP is open and runs it on its own if not logging into SAP using its credentials it then starts processing the invoices one by one we can filling in data such as vendor code invoice date invoice number invoice amount invoice description and GL account and ends up by filling the payment term following that it registers the remaining two invoices in the assigned company code an email containing the SAP registration number is sent automatically by the robot after successfully registering each invoice.

Checking in the background the robot verifies whether the V 80 on the invoice matches the one in our database and if so we'll post it automatically otherwise it will Park it and send a dedicated email to the responsible person highlighting this difference and asking what to do post the invoice or to cancel it and send it back to the vendor all the invoices details are visible in the email it sends so let's reply with yes to the message for an invoice with a v80 difference finally it will check its email address in the background access SAP using the appropriate transaction code and post the invoice and that's it the robot has successfully posted the three invoices in SAP.


What is Robotic Process Automation (RPA) in the Back Office and Call Center

What is Robotic Process Automation (RPA) in the Back Office and Call Center

Type here click this save that repeat type here click this save that repeat what if you can recruit a whole other team to work on all those routine tasks that take up so much time you can with robotic process automation from Behrendt it's like having a workforce of robot employees available 24/7 to complete those repetitive business processes that divert your people for more important work and slow productivity how does it work quite simply without of the box functionality Verint robotic process automation works with any desktop software application even legacy systems without requiring costly or time-consuming integration with the user-friendly authoring studio you just record the steps for the software robot to perform include any decision logic or advanced commands and it's good to go.

The robot can perform the whole job or just specific steps within a process it can also pick up where someone else left off and take it from there robots also reduce errors people make mistakes we're only human but robotic process automation is fast accurate and consistent while following regulatory requirements better still the robots could work around the clock during peak periods late nights and no coffee needed you can deploy monitor progress and expand the robots workload anytime Verint robotic process automation is available on its own or as part of a broader suite of solutions.

For example, barren desktop and process analytics can help you quickly identify the best processes for the robots to perform with Verint robotic process automation you can improve company productivity cut costs and give your team a break from manual tedious tests these little robots can really work wonders.

RPA Life Cycle


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