Robotic Process Automation
As we inch closer to the end of the year, employees will be taking their much-deserved paid time off. Worried that business may slow down too much? Automation can help your organization keep the lights on with digital bots completing the mundane or repetitive tasks, allowing employees to focus on process improvement, documentation, or other “back burner” projects. One major benefit of automation is the assistance in running, growing, and transforming your business in a balanced way. Balancing these enables your organization to focus more on growth and transformation while allowing bots to “run things” in the background.
Looking for more information about automation? Here is a collection of industry terms and key words associated with all things automation. We have included some real-world examples of these terms and hope this serves as a helpful reference tool when determining how to best leverage automation to meet business goals and objectives.
Leveraging FreD during the pandemic enabled the Maryland State Ethics Commission to experience a 99% reduction in human time spent reviewing submissions. What had previously taken employees roughly 3,300 hours to review all yearly submissions (approximately 20,000) was reduced to a mere 40 hours.
In today’s world digital transformation is a necessary part for every business to serve their customers and employees in a more efficient and meaningful way. The transformation of older applications into a modern platform can be a challenging, timely, and expensive process. Maintenance and continuous integration are other problems in the lifecycle of an application, as it requires continued attention by the business to ensure the application remains relevant.
Since the inception of the internet, most organizations have developed browser-based applications to facilitate an online presence and digitally connect clients to their services. As the number of web-based applications increased, companies and individuals started to fill out forms and the organizations would subsequently extract data from websites.
As per 2020 Gartner Magic Quadrant for Robotic Process Automation: "The RPA market is rapidly growing as incumbent vendors jockey for market position and evolve their offerings. In the second year of this magic Quadrant, the bar has been raised for market availability, relevance, growth, revenue, and how vendors set the vision for their RPA offerings in a fluid market."
In order to establish strong relationships with potential and current customers, it is essential for contact centers to resolve inbound calls in a timely manner. This touchpoint is of utmost importance in securing an excellent first impression with a potential client or nurturing a current customer to become an evangelist for an organization.
In slow-moving bureaucratic organizations, few would argue that tasks are often mundane, efficiency is wanting and, in order to improve productivity, change is required. Yet that change never seems to take place. Leadership comes and goes, and the problems remain the same. Perhaps under the guise of new organizational names or new programs, however, ultimately, the underlying frustrations still exist.
The Maryland State Ethics Commission was looking for a solution that would reduce the time it takes to perform and complete the review of each annual filing. When presented with this dilemma, The Canton Group proposed Robotic Process Automation (RPA).