How to be a Successful RPA developer in 2020: In-Depth Guide

What you need to do to excel as an RPA developer depends on what you know about RPA:

For those undecided about becoming an RPA developer:

RPA is the fastest growing enterprise technology

According to Gartner, RPA is the fastest-growing segment of the global enterprise software market. Unsuprisingly, Interest in RPA has been steadily increasing in the past 5 years. Read more to see even more evidence on RPA’s growth

Source: Google TrendsWe summarized all major industry analysts’ estimates about the RPA market and there is consensus about RPA retaining its momentum into the next few years. Read more

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Invoice Capture: Guide to most firm’s first AI purchase in 2020

Invoice capture is a growing area of AI where most companies are making their first purchase of an AI product. This is because invoice capture is an easy to integrate solution with significant benefits.

While digitization helped automate numerous processes, mostly rule based software was used in digitization. Invoice capture software is different. Invoice capture involves both reading the invoice text with Optical Character Recognition (OCR) and understanding its context with machine learning.

We answered all your invoice capture related questions: Read more

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Invoice Processing: First Process to Automate in 2020

Invoice automation (also called automated invoice processing) is a maturing area of automation with limited implementation risks and significant benefits. Invoice automation would free up back office finance/procurement teams to focus on higher value added tasks.

What is invoice automation?

Invoice automation allows straight through processing (no human interaction) most of the time for the entire invoice process. Invoice automation involves

  • monitoring for invoices: Invoices arrive in companies as PDFs, image files and increasingly rarely as hard copy documents.
    • For digital invoices, an RPA bot or a simple email automation tool can flag emails with invoices and forward them for data extraction. Some companies use a dedicated email address for invoices to further simplify invoice monitoring.
    • For hard-copy invoices, companies are switching to using a single address to centralize invoice scanning
    invoice capture: Extracting relevant details (e.g. bank account, ordered item) from the invoice. If software does not have confidence in the results, it is sent to employees for a manual check. evaluating invoice against order records and criteria to ensure that the payment is indeed a valid one. Evaluations include
    • cross-checking invoice against purchase orders
    • cross-checking invoice for duplicity
    • using working capital optimization policies to decide payment time
    • using limits to to decide whether to manually process invoice. Invoices that are abnormally large compared to a suppliers’ usual invoices may need to be manually verified to ensure that wrong payments are not done
    • checking the invoice against VAT rules
    recording invoice-related information in systems. For this, invoices without purchase orders need to be added to a general ledger account and machine learning solutions can be used to match invoices to accounts. making the necessary payment to settle the invoice

    All steps except invoice capture are rule-based processes. However, invoice capture relies on machine learning to extract the data in the invoice. For more, please read our article on invoice capture. Read more

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Argos Labs CEO Shige gives 5 reasons to choose RPA+

We are grateful to Shige Sato for his time. He is a veteran of tech 30+ years of experience, co-founder & CEO of Argos Labs. Their solution, RPA+, is one of the leading solutions in no code RPA space. As we explained before, no code is the future of RPA.

Why should companies choose Argos Labs for their RPA solution?

I can provide 5 reasons. We have a superior, cheaper and future-proof solution compared to traditional RPA providers, our solution has been preferred by numerous Fortune 500 and we have won against leading RPA providers while competing for some of the largest clients. Read more

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45 RPA Case Studies: Explore RPA in your Industry & Function

Case studies are one of the most effective methods to learn about a new technology. RPA is no different. Therefore, we decided to aggregate case studies about RPA from numerous sources so you can filter/sort them by industry (e.g. telecom, financial services) or business function (e.g. marketing) to identify how your company can implement RPA. To prioritize these use cases and select vendors for your business, you can also examine the reported benefits and the vendors in the list below.

A trend we observed in the list is that in more than half of the cases where the process was specified, documents (e.g. invoices, receipts, annual reports) were involved in the process. This was also verified by our numerous interviews with RPA practitioners who mentioned that companies generally start their RPA journey with structured data since these are easier to automate. However, as companies expand their RPA deployment, they start automating document based processes which yield higher levels of savings. Most RPA tools do not have best-in-class tools for extracting data from documents. For the best document extraction tools and an overview of document extraction, feel free to read our articles on the topic: Read more

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