RPA bot automation is the digital revolution of the 2020’s. It is in many ways similar to the dot-com era of the 1990’s This ‘Automation Era’ presents an endless debate between Technology Pioneers and Economists on growing automation presence in our work place. However, the Entrepreneurs herald a new renaissance in inclusive productivity gains for any economy.

Let us look at the five industries witnessing phenomenal growth in RPA bot adoption.

• Accounting, Banking & Financing Services & Insurance
• Oil, Gas & Energy
• Retail
• Healthcare
• Hospitality

Accounting, Banking & Financing Services & Insurance (BFSI)

These verticals are forerunners in introducing RPA as virtual teammates in their line of duty. This transformation resulted in

• Regulatory compliance
• Operational efficiency
• Better analytical insights
• Strengthening fraud prevention and detection
• Accelerate credit assessment

Oil, Gas & Energy

Fossil Fuels is one sector witnessing a major shift from its traditional operation due to plummeting oil prices and exploring alternative energy resources with less or zero carbon emissions. RPA robotic automation became a vital component addressing three areas:

• Upstream – Exploration, Production, HSE (Health, Safety and Environment) etc.
• Midstream – Front end and Back office mundane jobs
• Downstream – Transportation and Logistics

Retail Industry

Consumerism drives the Retail market, standing as a backbone for Developing and Emerging Economies. From the inception of acquiring raw materials crossing various hurdles it reaches the shelves of stores. There are innumerable processes failing to reach its pinnacle due to insufficient trained workforce, time constraint etc, causing a backlog in reaching its destination. RPA bot automation best use is felt by

• Decreased Delivery Risks
• Better Inventory Management and Compliance
• Improved Application Integration
• Enhanced user support
• Optimized operational costs

Health Care

Transformation in the thought process is manifest due to unprecedented events. The core sector faced the burnt with disruptive operations and lack of human resources are Health Care. It required them to realize the need for RPA Tools in

• Testing and reporting during and post Covid-19
• Managing and disbursement high volume of Insurance Claims
• Enhanced confidentiality in Patients medical records
• Removal of administrative burden from Health care staff

Hospitality

This Industry is evolving due to the influx of cultural exchanges, educational diversity, expanding working spaces and human’s exploration of geographical terrains. RPA tools are the game changers making the experience for the guests in terms of

• Time and Cost efficiency
• Alleviates both Guests and Employee frustration in Reservations, Check In/Out, Cancellation, Online Booking Management
• Better utilization of Customer care increases Guests Loyalty and Patronage
• Positive reviews from Guests enhance both turnout and profitability

Why is RPA bot automation transforming these five industries?

As Industrial corridors encompass the evolving Digital frontiers, it necessitates by factoring the value –added services the RPA provide. The contours of proficiencies felt as it

• Improves performance and counters inefficiency
• Manual, deterministic and repetitive tasks can be automated
• Conversion of unstructured documents into structured formats and types, and becomes progressively more accurate
• Employees reoriented for taking up strategic, creative and customer-facing tasks
• Cost effective as approximately 65% less expensive when implemented
• Exudes professional confidence in dealing with counterparts of the industry they operate

Are you looking to adopt RPA bot at your organization? Then you have come to the right place. Our accounting automation solutions are easy to start, quicker to learn and guarantees ROI in months. Please call us or book a demo to find how our automation solution can fit with your practice’s processes.