on 03 Dec 2019 6:35 PM
  • RPA
  • Machine learning
  • Automation

Robotic process automation is the process which uses software to handle repeatable, high volume tasks with the help of machine learning and artificial intelligence. Queries, maintenance of records, calculations and transaction entries are the examples for these types of tasks.

There are several RPA software available in the Market. The popular ones are:

  1. UiPath: This tool is best suited for all core capabilities and can used by non-programmers also, which handles complex processes with Citrix support. This tool is perfect for any size of business applications, it can be used on any platform.

  2. Blue Prism: This tool requires programming skills to use it and this tool is good for medium and large-scale organizations. This tool is best suited for core capabilities. It supports multiple environment deployment model, which can be used on any platform.

  3. Another Monday (AM Muse): This tool provides complete automation that covers all from end to end automation with Citrix Support. This tool provides automatic documentation of processes logic with AM Muse tool of Another Monday. As it uses drag drop workflow configuration, no developer knowledge is required.

  4. Inflectra Rapise: This tool is used to automate web, desktop and mobile applications that’s why this tool supports for hybrid business scenarios. Both programmers and non-programmers can be able to use it, which is perfect for small and medium organizations.

  5. Automation Anywhere: This tool provides cloud services, which is best suitable for all core capabilities. This tool provides bank-grade security and its platform independent.

  6. Work Fusion: This tool is used to automate data related tasks, it provides AI-driven RPA.

  7. Pega: This tool supports cloud-based services, used for medium or large-scale business.

  8. Jacada: This tool is used for customer services, contact centers and interactions with high accuracy.

  9. Contextor: This tool works best for on-premise and cloud services, with Citrix Support.

  10. Kofax: Used for web and desktop applications, non-programmers also can able to use.

  11. Kryon: It provides attended, unattended and hybrid automation.

  12. Softomotive: It provides enterprise and desktop automation which enhances productivity, performance and efficiency of enterprises.


Benefit of Implementing RPA:

  • RPA is the technology where technology and people work together to give great opportunities for the businesses. As the RPA robot uses the User Interfaces of the applications it is implemented on, it is very easy to automate these applications.

  • Recent industry research mentions that RPA software robots have the potential to drastically decrease the efforts of time-taking and continuously-occurring processes that make up a employees daily work in the field of finance and accounting.

  • RPA robots can deliver more accurate data and provide real-time access to financial data with analytic capabilities, reporting and with improved efficiencies. As the amount of financial data keeps on changing, this technology can help finance professionals to start adding, updated real-time value from a strategic viewpoint and which helps to start contributing more towards the bottom-line of their company’s growth.


Some Industry Use Cases for RPA:

  1. Healthcare: Registration of patients and maintaining records of patients, doctors and workers.

  2. HR: Joining formalities of new employees and payroll process of employees.

  3. Telecom: Quality reporting maintenance and service order management

  4. Banks: Loan processing and Transactions reconciliations

  5. Insurance: Processing and Clearance of claims, providing premium information

  6. Retail Industries: Maintaining bills of materials and Calculations of sales

  7. Travel and Logistic: Booking of tickets and maintaining passenger’s details