Process automation
Top 13 Automation Use Cases in Private Equity in '24
With high interest rates, inflationary pressures, and a grim economic outlook, private equity firms must become agile to combat these economic devils. Automating core business processes in private equity, such as: via artificial intelligence technologies, can optimize crucial processes and improve the financial performance, transparency, and the efficiency of private equity firms.
Payment Automation: How It Works & Its 6 Benefits in 2024
Payment automation is a function within the accounts payable process. With more individuals and entities embracing electronic payments, payment automation systems can: In this article, we will explain what payment automation is, the challenges of manual payment processing, and the benefits of payment automation.
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.
RPA vs. API in 2024: What Are Their Differences?
The abundance of automation technologies in the market today is, perhaps, one of the main catalysts encouraging 89% of companies to adopt a digital-first strategy. But with so many tools to choose from, users might have difficulty choosing the correct tool for their business, or not know how to use multiple tools in tandem.
In-Depth Guide to RPA vs BPM in 2024
With various marketing jargons at play, business leaders unfamiliar with automation technologies can confuse one with the other. Failure to clear up these confusions might lead to wrong adoptions, monetary waste, and inefficient automation campaigns.
Business Process Automation: Types, Use Cases & Best Practices
Many businesses are deploying automation tools to streamline their processes in finance, human resources, sales & marketing, and other areas. While process automation is changing the face of business operations with many benefits, some businesses are likely to face challenges when implementing an automation solution.
5 Best Practices for Process Automation Implementation in 2024
Some of the challenges facing process automation adopters are that they might: These challenges may lead to costly, failed automation initiatives. To prevent this, we will go over: 1. Identify processes to automate Read more on how process mining enables automation. 2. Identify technical and business requirements 3.
Ultimate Guide To 3 Types of Process Automation Tools in 2024
There are various process automation tools on the market today. The challenge is differentiating one from the others. Choosing the wrong process automation tool can result in automation failures. Familiarity with the tools, and knowing the right type suited to specific process needs, will facilitate automation.
10 IT Process Automation Use cases & Applications in 2024
IT process automation (ITPA) solutions support IT departments of businesses to improve the efficiency of their IT operations. McKinsey shares that during their work at two financial service companies, they found out that 90% of IT teams focus on low-value tasks like testing, deployment, and maintenance.
70+ Process Automation Tools: Choose The Right One in 2024
Adoption of RPA, a relatively new process automation tool, has increased in recent years. As new vendors join the market, they build new features and create new jargon to position themselves as category creators which gives them more pricing power. However, more jargon leads to more confusion.