Per an E&Y study, 59% of a financial department’s resources are spent managing transaction-intensive processes. And around 95% of this effort is wasted on transactions that already match. RPA can reduce reconciliation effort by 90%+ by allowing your accounting team to focus only on the transactions that don’t match. Deploying Robotic Process Automation (RPA) to … Continue Reading
Born in 1974, OCR has grown into an advanced (AI), cost-effective (.0015 /page), and accurate (99%+) solution for document processing, yet a recent Level Research study found that 86% of SMB’s continue to enter their inbound data manually – leaving money, efficiency, and accuracy on the table with every keyed piece of paper. The top-of-mind … Continue Reading
Are your business processes keyboard intensive? The average person types 41 Words Per Minute (or 80K keystrokes per day), while the average software bot enters data at 400 WPM (or 800K keystrokes per day). So why continue to rely on the antiquated keyboard (patented in 1714) as the primary input tool for your 21st-century business … Continue Reading
Is your customer onboarding ROI upside down? Per Forrester, companies can spend up to $25K onboarding a single client, while Wyzeowl indicates 90% feel their vendors coul`tion can rapidly enhance the efficiency and effectiveness of their customer onboarding process, all while dramatically improving the customer experience. The same Wyzowl study highlighting current onboarding challenges also … Continue Reading
Are you an OTC leader or laggard? According to the American Productivity and Quality Center, companies fully leveraging technology and automation will spend $5.11 to process a sales order vs. $40.87 each order for manual sales order processing. On the back-end, per the APQC, the automated company will spend $6 to invoice the customer, and … Continue Reading
“You can’t manage, what you don’t measure.” – Peter Drucker. “If you love life, don’t waste time…” – Bruce Lee. Do these quotes remind you of your monthly organizational scramble to manually aggregate KPI reporting data? If yes, RPA can help! It was a fantastic annual strategic planning retreat with the Leadership Team. You determined … Continue Reading
Per Gartner, the #1 Supply Chain Technology Theme for 2021 is Automation. For good reason, as an RPA enabled PR/PO process alone can automate over 80% of manual procurement steps (per a study by SupplyChainBrain). The Procure-to-Pay cycle in most organizations is a manually intensive process that typically encompasses numerous departments and many stand-alone systems … Continue Reading
For many, payroll devours the highest volume of admin activity of any HR function. It is also error-prone (per the IRS, 33% of employers make mistakes). Tedious/repetitive + compliance/error exposure = RPA to the rescue! Each payroll cycle, most organizations encounter significant manual headwind in trying to ensure mandatory timeliness and critical accuracy of the … Continue Reading
Payroll just got more complicated. Per Payscale’s 2021 State of Remote Work report, 47% of organizations (vs. 18% pre-CV19) say that >25% of their team will work remotely. Multi-state remote work burdens Payroll data management, but RPA is here to help. While some companies utilize an enterprise ERP system with an integrated Payroll module, many … Continue Reading
A standard and efficient HR Onboarding process can improve new hire retention rates by 50%. Unfortunately, many organizations would not classify this critical business function as “standard and efficient”. RPA is here to help. The typical cumbersome and error-prone onboarding process is riddled with manual inefficiencies such as: Manual approvals and delays in offer letters … Continue Reading
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