Robotic Process Automation (RPA)
RPA in Treasury Management in '24: 5 Ways It Helps Liquidity
According to the latest reports , liquidity risk – the failure to have enough cash on hand to cover short-term costs – in the EU is now as high as contagion and operational risks. The responsibility of ensuring that a company’s liquidity risks are minimized lies with its treasury department.
3 Appian Alternatives in 2024 Suitable for Larger Companies
One of the steps when selecting an RPA tool is creating a checklist for objective RPA vendor assessment. Factors such as: For instance, we’ve already discussed that Automation Anywhere is not the easiest of RPA tools to set up. Or that Microsoft’s Power Automate does not integrate well with applications outside the Office suite.
Top 3 Blue Prism Alternatives in '24 According to Business Users
Blue Prism is one of the top players in the robotic process automation (RPA) market. The company, founded in 2001 and acquired by SS&C in 2022 Q1, is one of the oldest RPA vendors and is even credited to have coined the term “robotic process automation”.
Top 7 Power Automate Alternatives for Process Automation in '24
RPA is one of the most common automation tools used in modern enterprises. More than 90% of C-level executives report some level of intelligent automation exists within their organizations and RPA will achieve “near universal adoption” in the next 5 years if the current trend continues.
Top 3 Automation Anywhere Alternatives for RPA in 2024
With ≈3,000 employees and ≈$850M in funding, and a straightforward RPA pricing model, Automation Anywhere is a popular RPA software provider. However, according to some online reviews, Automation Anywhere doesn’t seem to be the easiest RPA tool to set up, use, and administrate (see Figure 1).
Legacy System Integration in 2024: Top 4 Use Cases
Even with accelerated digital transformation and hyperautomation efforts within the enterprise, many industries still rely on outdated technologies that are prone to security issues and lack the expertise to work with: These systems are still pervasive because replacing them is not straightforward, and errors can lead to costly disruptions.
RPA BOM: 6 Ways BOM Automation Helps Manufacturers in '24
In 2022, having your online orders reach you “later than usual” wasn’t as surprising as it was back in 2019. From the automotive to the technology sector, the supply chain crisis has affected almost all industries. A reason for the crisis is shipping issues. Another is producers not anticipating their diminishing stocks of intermediary goods.
RPA Can Mitigate Legacy System Integration Challenges '24
Despite their incompatibility with modern software and potential security risks, legacy systems are still prevalent in many industries. For instance, However, modernizing these applications by replacing them is challenging, since they play a significant role in daily operations in industries such as healthcare, government, energy, and finance, where disruptions can be quite costly.
5 Benefits of RPA for BPO Companies in 2024
The global market size for business process outsourcing (BPO) is currently $262B and is expected to reach $525.2B by 2030.
RPA vs Process Mining in '24: Differences & Use Cases
Businesses are increasing their adoption of RPA and process mining: RPA allows for the automation of repetitive operations, which frees up staff time. Process mining can be a de facto X-ray machine, illuminating visibility into the company’s current processes in order to identify areas for development.