Robotic Process Automation involves application of technology to use a software here known as robots to capture and manipulate data and communicating with other digital systems.
Uses of Robotic Process Automation in a company
1.Operational Activities in Sales: The ease in data replication,invoice preparation and smooth delivery which is obtained by using RPA is highly desired in the company. Sales being an integral part of a business. RPA ensures error free sales operations which ultimately leads to customer satisfaction.
2..Procure -to-pay
3.Data Extraction:The monotony of data entry is a nightmare of employees.RPA facilities highly reduce the need of manual data entry due to its capacity of basic pattern recognition. It increases the efficiency of the system.
4.Reconciliation:The main objective of accounting records reconciliation is making them error free.
5.Price comparison: Software robots can keep track of fluctuating prices hence improving accuracy and efficiency of the devices.
6.Data management:Managing data involves a lot of careful processing with attention to a huge amount of details which is a tedious job for humans Software robots on the other hand can do it fast and correctly.
7.Auto Generation of Reports:Much disliked as they may be, reports are quite essential in businesses. Robots help in efficient and accurate generation of reports.
How RAP supports modernisation
1.Basic human error is often the starting point of compliance breach therefore it makes sense to tackle the issue at the source. RPA’s inherent improvement to data accuracy save us from the trouble of common compliance headache.
2.Reliance on software robots for data management provides an efficient method of data collection. It also helps in tracking- that is finding out who used the data when etc.
3.As a mechanism that warrants data integrity,Robotic automation for maintaining proper privacy over sensitive information
4.The ability of RPA to serve as a connection between multiple data sources increases its potential to minimise data gaps that may ultimately lead to compliance breaches.
Bay- infotech nowadays provides access to RPA services.The public nowadays demand high standards from the business they interact with.RPA eases the workload and helps to develop an easy way to fulfill standards of data maintenance and security and therefore meet customer satisfaction.
Sources / References [If Any] : Internet