UiPath: What is Robotic Process Automation (RPA)
RPA enables companies to easily automate repetitive, redundant and mundane tasks in order to free up employees to perform higher value work. RPA is a rapidly growing form of business process automation (BPM) technology based on the notion of software robots or artificial intelligence (AI) workers with UIPATH.
How can RPA help me?
RPA Technology Partners:
Industrial Use Cases
Insurance
HR & Payroll
Insurance
- Order to Cash / AR
- Credit Analysis and Processing
- Sales Order Processing
- Customer Master Data Management
- Order Entry
- Reports by segments (performance, geography, Inventory network Integration)
- Procure to Pay /AP
- 3 Way Match
- Purchase Order issuance and Invoice Receipt
- Vendor Master
- Payment Process
- Duplicate Payment Tracking
Banking
HR & Payroll
Insurance
- Verification / Auditing Process
- Bank Reconciliation
- Compliance Processing
- Customer Account Management
- New Application Processing – Bank / Credit Cards
- Data Migration Between apps
- Audit Trail
- Statement and Reporting
- Loan Processing
- Payment Cancellation
- Credit Decision
HR & Payroll
HR & Payroll
HR & Payroll
- Maintaining Master Data
- Offer Letter Processing
- Onboarding and Exit
- Appraisal-updating process / Change Payroll Status
- Position Management
- Reporting Line Change
- Superannuation
- Payment Summaries
- Employment Type Updates
- Service Desk Reports
- Distribution
- Leave Amendments
ERP Operations
Financial & Purchasing
Financial & Purchasing
Financial & Purchasing
- Order to Cash / AR
- Credit Analysis and Processing
- Sales Order Processing
- Customer Master Data Management
- Order Entry
- Reports by segments (performance, geography, Inventory network Integration)
- Procure to Pay /AP
- 3 Way Match
- Purchase Order issuance and Invoice Receipt
- Vendor Master
- Payment Process
- Duplicate Payment Tracking
Financial Operation
Financial & Purchasing
Financial & Purchasing
- Financial Claim processing
- Financial Planning & Analysis
- Record to Report
- Tax Services
- Financial Claim processing
- Financial Planning & Analysis
- Tax Service
Supply Chain
Financial & Purchasing
Supply Chain
- Order Prioritization
- Master data
- Invoice verification
- Receipt confirmation
- Scheduling processes
- Reporting
- Production Information capture
- Inbound processing
- Inventory management processes
- Pricing management
- Billing
- Freight costing
Network & IT / Financial
Network & IT
Daily P&L preparation
Financial & Assets
- Active Directory
- File Systems
- FTP Management
- Automated Installations
- Server / Application Monitoring and Alert Management
- Service Desk Management
- Notification & Escalation
- VMware Integration
- Data Movement
- Provisioning
- Config Management
- Routine Maintenance
Financial & Assets
Daily P&L preparation
Financial & Assets
- Record to Report
- Monthly close process
- Financial Consolidations
- Financial Statements
- General Ledger functions
- Journal entry processing
- Inter-company accounting and account reconciliations
- Fixed assets and project
- Cost and Inventory accounting
Daily P&L preparation
Daily P&L preparation
Daily P&L preparation
Large financial services companies, especially those in the trading business, track P&L and risk exposures daily. While some companies have automated these processes, there are still companies that rely on excel, legacy tools and manual effort to complete these reports.
UiPath reports that they worked to automate daily P&L preparation for a financial services company. Resulting RPA installation reduced handling time from 60 minutes to 20 minutes, increasing accuracy of reports.