Kaira P

1601134367

800+ RPA Automation Use Case examples of processes you can automate

A rapidly growing technology, Robotic Process Automation (RPA) is widely used by various industries and businesses.

While many businesses and industry sector are still unaware about the technology, questions such as following keeps arising:

  • Which processes can RPA automate?
  • Which industries can make use of RPA automation?

RPA Use Cases

Check out huge collection of processes that can be automated using Robotic Process Automation (RPA):

Check out here - Top RPA Use Cases

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800+ RPA Automation Use Case examples of processes you can automate
Chloe  Butler

Chloe Butler

1667425440

Pdf2gerb: Perl Script Converts PDF Files to Gerber format

pdf2gerb

Perl script converts PDF files to Gerber format

Pdf2Gerb generates Gerber 274X photoplotting and Excellon drill files from PDFs of a PCB. Up to three PDFs are used: the top copper layer, the bottom copper layer (for 2-sided PCBs), and an optional silk screen layer. The PDFs can be created directly from any PDF drawing software, or a PDF print driver can be used to capture the Print output if the drawing software does not directly support output to PDF.

The general workflow is as follows:

  1. Design the PCB using your favorite CAD or drawing software.
  2. Print the top and bottom copper and top silk screen layers to a PDF file.
  3. Run Pdf2Gerb on the PDFs to create Gerber and Excellon files.
  4. Use a Gerber viewer to double-check the output against the original PCB design.
  5. Make adjustments as needed.
  6. Submit the files to a PCB manufacturer.

Please note that Pdf2Gerb does NOT perform DRC (Design Rule Checks), as these will vary according to individual PCB manufacturer conventions and capabilities. Also note that Pdf2Gerb is not perfect, so the output files must always be checked before submitting them. As of version 1.6, Pdf2Gerb supports most PCB elements, such as round and square pads, round holes, traces, SMD pads, ground planes, no-fill areas, and panelization. However, because it interprets the graphical output of a Print function, there are limitations in what it can recognize (or there may be bugs).

See docs/Pdf2Gerb.pdf for install/setup, config, usage, and other info.


pdf2gerb_cfg.pm

#Pdf2Gerb config settings:
#Put this file in same folder/directory as pdf2gerb.pl itself (global settings),
#or copy to another folder/directory with PDFs if you want PCB-specific settings.
#There is only one user of this file, so we don't need a custom package or namespace.
#NOTE: all constants defined in here will be added to main namespace.
#package pdf2gerb_cfg;

use strict; #trap undef vars (easier debug)
use warnings; #other useful info (easier debug)


##############################################################################################
#configurable settings:
#change values here instead of in main pfg2gerb.pl file

use constant WANT_COLORS => ($^O !~ m/Win/); #ANSI colors no worky on Windows? this must be set < first DebugPrint() call

#just a little warning; set realistic expectations:
#DebugPrint("${\(CYAN)}Pdf2Gerb.pl ${\(VERSION)}, $^O O/S\n${\(YELLOW)}${\(BOLD)}${\(ITALIC)}This is EXPERIMENTAL software.  \nGerber files MAY CONTAIN ERRORS.  Please CHECK them before fabrication!${\(RESET)}", 0); #if WANT_DEBUG

use constant METRIC => FALSE; #set to TRUE for metric units (only affect final numbers in output files, not internal arithmetic)
use constant APERTURE_LIMIT => 0; #34; #max #apertures to use; generate warnings if too many apertures are used (0 to not check)
use constant DRILL_FMT => '2.4'; #'2.3'; #'2.4' is the default for PCB fab; change to '2.3' for CNC

use constant WANT_DEBUG => 0; #10; #level of debug wanted; higher == more, lower == less, 0 == none
use constant GERBER_DEBUG => 0; #level of debug to include in Gerber file; DON'T USE FOR FABRICATION
use constant WANT_STREAMS => FALSE; #TRUE; #save decompressed streams to files (for debug)
use constant WANT_ALLINPUT => FALSE; #TRUE; #save entire input stream (for debug ONLY)

#DebugPrint(sprintf("${\(CYAN)}DEBUG: stdout %d, gerber %d, want streams? %d, all input? %d, O/S: $^O, Perl: $]${\(RESET)}\n", WANT_DEBUG, GERBER_DEBUG, WANT_STREAMS, WANT_ALLINPUT), 1);
#DebugPrint(sprintf("max int = %d, min int = %d\n", MAXINT, MININT), 1); 

#define standard trace and pad sizes to reduce scaling or PDF rendering errors:
#This avoids weird aperture settings and replaces them with more standardized values.
#(I'm not sure how photoplotters handle strange sizes).
#Fewer choices here gives more accurate mapping in the final Gerber files.
#units are in inches
use constant TOOL_SIZES => #add more as desired
(
#round or square pads (> 0) and drills (< 0):
    .010, -.001,  #tiny pads for SMD; dummy drill size (too small for practical use, but needed so StandardTool will use this entry)
    .031, -.014,  #used for vias
    .041, -.020,  #smallest non-filled plated hole
    .051, -.025,
    .056, -.029,  #useful for IC pins
    .070, -.033,
    .075, -.040,  #heavier leads
#    .090, -.043,  #NOTE: 600 dpi is not high enough resolution to reliably distinguish between .043" and .046", so choose 1 of the 2 here
    .100, -.046,
    .115, -.052,
    .130, -.061,
    .140, -.067,
    .150, -.079,
    .175, -.088,
    .190, -.093,
    .200, -.100,
    .220, -.110,
    .160, -.125,  #useful for mounting holes
#some additional pad sizes without holes (repeat a previous hole size if you just want the pad size):
    .090, -.040,  #want a .090 pad option, but use dummy hole size
    .065, -.040, #.065 x .065 rect pad
    .035, -.040, #.035 x .065 rect pad
#traces:
    .001,  #too thin for real traces; use only for board outlines
    .006,  #minimum real trace width; mainly used for text
    .008,  #mainly used for mid-sized text, not traces
    .010,  #minimum recommended trace width for low-current signals
    .012,
    .015,  #moderate low-voltage current
    .020,  #heavier trace for power, ground (even if a lighter one is adequate)
    .025,
    .030,  #heavy-current traces; be careful with these ones!
    .040,
    .050,
    .060,
    .080,
    .100,
    .120,
);
#Areas larger than the values below will be filled with parallel lines:
#This cuts down on the number of aperture sizes used.
#Set to 0 to always use an aperture or drill, regardless of size.
use constant { MAX_APERTURE => max((TOOL_SIZES)) + .004, MAX_DRILL => -min((TOOL_SIZES)) + .004 }; #max aperture and drill sizes (plus a little tolerance)
#DebugPrint(sprintf("using %d standard tool sizes: %s, max aper %.3f, max drill %.3f\n", scalar((TOOL_SIZES)), join(", ", (TOOL_SIZES)), MAX_APERTURE, MAX_DRILL), 1);

#NOTE: Compare the PDF to the original CAD file to check the accuracy of the PDF rendering and parsing!
#for example, the CAD software I used generated the following circles for holes:
#CAD hole size:   parsed PDF diameter:      error:
#  .014                .016                +.002
#  .020                .02267              +.00267
#  .025                .026                +.001
#  .029                .03167              +.00267
#  .033                .036                +.003
#  .040                .04267              +.00267
#This was usually ~ .002" - .003" too big compared to the hole as displayed in the CAD software.
#To compensate for PDF rendering errors (either during CAD Print function or PDF parsing logic), adjust the values below as needed.
#units are pixels; for example, a value of 2.4 at 600 dpi = .0004 inch, 2 at 600 dpi = .0033"
use constant
{
    HOLE_ADJUST => -0.004 * 600, #-2.6, #holes seemed to be slightly oversized (by .002" - .004"), so shrink them a little
    RNDPAD_ADJUST => -0.003 * 600, #-2, #-2.4, #round pads seemed to be slightly oversized, so shrink them a little
    SQRPAD_ADJUST => +0.001 * 600, #+.5, #square pads are sometimes too small by .00067, so bump them up a little
    RECTPAD_ADJUST => 0, #(pixels) rectangular pads seem to be okay? (not tested much)
    TRACE_ADJUST => 0, #(pixels) traces seemed to be okay?
    REDUCE_TOLERANCE => .001, #(inches) allow this much variation when reducing circles and rects
};

#Also, my CAD's Print function or the PDF print driver I used was a little off for circles, so define some additional adjustment values here:
#Values are added to X/Y coordinates; units are pixels; for example, a value of 1 at 600 dpi would be ~= .002 inch
use constant
{
    CIRCLE_ADJUST_MINX => 0,
    CIRCLE_ADJUST_MINY => -0.001 * 600, #-1, #circles were a little too high, so nudge them a little lower
    CIRCLE_ADJUST_MAXX => +0.001 * 600, #+1, #circles were a little too far to the left, so nudge them a little to the right
    CIRCLE_ADJUST_MAXY => 0,
    SUBST_CIRCLE_CLIPRECT => FALSE, #generate circle and substitute for clip rects (to compensate for the way some CAD software draws circles)
    WANT_CLIPRECT => TRUE, #FALSE, #AI doesn't need clip rect at all? should be on normally?
    RECT_COMPLETION => FALSE, #TRUE, #fill in 4th side of rect when 3 sides found
};

#allow .012 clearance around pads for solder mask:
#This value effectively adjusts pad sizes in the TOOL_SIZES list above (only for solder mask layers).
use constant SOLDER_MARGIN => +.012; #units are inches

#line join/cap styles:
use constant
{
    CAP_NONE => 0, #butt (none); line is exact length
    CAP_ROUND => 1, #round cap/join; line overhangs by a semi-circle at either end
    CAP_SQUARE => 2, #square cap/join; line overhangs by a half square on either end
    CAP_OVERRIDE => FALSE, #cap style overrides drawing logic
};
    
#number of elements in each shape type:
use constant
{
    RECT_SHAPELEN => 6, #x0, y0, x1, y1, count, "rect" (start, end corners)
    LINE_SHAPELEN => 6, #x0, y0, x1, y1, count, "line" (line seg)
    CURVE_SHAPELEN => 10, #xstart, ystart, x0, y0, x1, y1, xend, yend, count, "curve" (bezier 2 points)
    CIRCLE_SHAPELEN => 5, #x, y, 5, count, "circle" (center + radius)
};
#const my %SHAPELEN =
#Readonly my %SHAPELEN =>
our %SHAPELEN =
(
    rect => RECT_SHAPELEN,
    line => LINE_SHAPELEN,
    curve => CURVE_SHAPELEN,
    circle => CIRCLE_SHAPELEN,
);

#panelization:
#This will repeat the entire body the number of times indicated along the X or Y axes (files grow accordingly).
#Display elements that overhang PCB boundary can be squashed or left as-is (typically text or other silk screen markings).
#Set "overhangs" TRUE to allow overhangs, FALSE to truncate them.
#xpad and ypad allow margins to be added around outer edge of panelized PCB.
use constant PANELIZE => {'x' => 1, 'y' => 1, 'xpad' => 0, 'ypad' => 0, 'overhangs' => TRUE}; #number of times to repeat in X and Y directions

# Set this to 1 if you need TurboCAD support.
#$turboCAD = FALSE; #is this still needed as an option?

#CIRCAD pad generation uses an appropriate aperture, then moves it (stroke) "a little" - we use this to find pads and distinguish them from PCB holes. 
use constant PAD_STROKE => 0.3; #0.0005 * 600; #units are pixels
#convert very short traces to pads or holes:
use constant TRACE_MINLEN => .001; #units are inches
#use constant ALWAYS_XY => TRUE; #FALSE; #force XY even if X or Y doesn't change; NOTE: needs to be TRUE for all pads to show in FlatCAM and ViewPlot
use constant REMOVE_POLARITY => FALSE; #TRUE; #set to remove subtractive (negative) polarity; NOTE: must be FALSE for ground planes

#PDF uses "points", each point = 1/72 inch
#combined with a PDF scale factor of .12, this gives 600 dpi resolution (1/72 * .12 = 600 dpi)
use constant INCHES_PER_POINT => 1/72; #0.0138888889; #multiply point-size by this to get inches

# The precision used when computing a bezier curve. Higher numbers are more precise but slower (and generate larger files).
#$bezierPrecision = 100;
use constant BEZIER_PRECISION => 36; #100; #use const; reduced for faster rendering (mainly used for silk screen and thermal pads)

# Ground planes and silk screen or larger copper rectangles or circles are filled line-by-line using this resolution.
use constant FILL_WIDTH => .01; #fill at most 0.01 inch at a time

# The max number of characters to read into memory
use constant MAX_BYTES => 10 * M; #bumped up to 10 MB, use const

use constant DUP_DRILL1 => TRUE; #FALSE; #kludge: ViewPlot doesn't load drill files that are too small so duplicate first tool

my $runtime = time(); #Time::HiRes::gettimeofday(); #measure my execution time

print STDERR "Loaded config settings from '${\(__FILE__)}'.\n";
1; #last value must be truthful to indicate successful load


#############################################################################################
#junk/experiment:

#use Package::Constants;
#use Exporter qw(import); #https://perldoc.perl.org/Exporter.html

#my $caller = "pdf2gerb::";

#sub cfg
#{
#    my $proto = shift;
#    my $class = ref($proto) || $proto;
#    my $settings =
#    {
#        $WANT_DEBUG => 990, #10; #level of debug wanted; higher == more, lower == less, 0 == none
#    };
#    bless($settings, $class);
#    return $settings;
#}

#use constant HELLO => "hi there2"; #"main::HELLO" => "hi there";
#use constant GOODBYE => 14; #"main::GOODBYE" => 12;

#print STDERR "read cfg file\n";

#our @EXPORT_OK = Package::Constants->list(__PACKAGE__); #https://www.perlmonks.org/?node_id=1072691; NOTE: "_OK" skips short/common names

#print STDERR scalar(@EXPORT_OK) . " consts exported:\n";
#foreach(@EXPORT_OK) { print STDERR "$_\n"; }
#my $val = main::thing("xyz");
#print STDERR "caller gave me $val\n";
#foreach my $arg (@ARGV) { print STDERR "arg $arg\n"; }

Download Details:

Author: swannman
Source Code: https://github.com/swannman/pdf2gerb

License: GPL-3.0 license

#perl 

Shardul Bhatt

Shardul Bhatt

1624603655

7 key Robotic Process Automation (RPA) Trends for 2021

Gartner’s report suggests that the global revenue from RPA technology will reach nearly $2 billion by the end of 2021. Why is this important? Because Robotic Process Automation (RPA) revenue saw an increase of around 25% from last year. The heavy investment towards the growing RPA trends that indicate digital transformation is now a priority for organizations.

It’s 2021, and almost every person in the IT industry knows about Robotic Process Automation services. Whether its’ about automating data entry tasks or filing out customer forms, RPA use cases are found in every industry. Finance, Insurance, Healthcare, Logistics – RPA implementation is increasingly becoming a cornerstone to achieving efficiency in every sector. Deloitte surveys suggest that RPA will achieve “near-universal adoption” in the next 5 years. 

With the growing popularity of automation and its apparent benefits, RPA industry trends are rapidly emerging. Through new use cases or smart RPA bots, companies are finding innovative ways to put RPA tools to work.

RPA market size

This article will highlight the 7 trends that businesses need to watch out for in 2021. RPA trends in 2020 were just the beginning – this year, RPA implementation will take a new turn with advancements in AI, ML, DL, and Cloud Computing. Let’s have a look at them in detail.

Checkout 11 RPA Use Cases in Different Industries you Ought to Know

7 RPA Trends Businesses Should Know in 2021

Many companies may see RPA as a threat to their employees. However, a Deloitte survey suggests that only 17% of employees showed resistance to RPA adoption. Therefore, the RPA latest trends did not face any complications in their implementation. 

Here are the 7 RPA trends that you should watch out for in 2021 – 

  1. Intelligent Automation
    • Smart Process Automation is the next game-changer in RPA. Combining rule-based bots with Machine Learning algorithms will be a radical redesign in the digital processes.
    • RPA tools will enable companies to generate insights from repetitive tasks as well. The RPA bots constantly evolve from self-learning AI algorithms. They will not only enter the data in IT systems but also find patterns in that data simultaneously. Therefore, it eliminates the need to install AI and RPA separately. Intelligent Automation will also provide better trial-and-error capabilities to find solutions, combined with the accuracy of effective Robotic Process Automation (RPA).
  2. RPA Trends in Finance
    • The era of traditional automation for financial and accounting processes may be nearing its end. Today, the trend is shifting towards providing a better user experience. The critical factor is to remove the bottlenecks in the financial industry.
    • RPA automation will identify the customer journey and create workflows that seamlessly connect them with the bank or the financial institution. There are more higher-order use cases where complete process re-engineering is in focus. Robotic Process Automation now ensures that customers find their way through the business complexities for availing their services.
  3. Vendor Differentiation
    • There are more than 150 RPA vendors in the industry. They provide solutions for industry-specific needs. RPA Automation Anywhere, RPA UiPath, and BluePrism RPA are the three industry-leading RPA tools for businesses.
    • However, the current trajectory is towards innovation in building software bots. Whether it’s in terms of design, process approach, or profitability factor – vendors are bringing differentiation to become unique tools for RPA adoption. Strategic transformation involves identifying vendors with whom you can build a long-term relationship. Therefore, differentiation is one of the booming trends in RPA.
  4. Eliminating Paperwork
    • One of the most talked-about RPA future trends is the elimination of paperwork. Since the inception of technology, reducing paperwork is a priority. However, the recent trends showcase that this could soon be a reality.
    • RPA trends are growing towards intelligent bots for extracting, filing, and processing data online. The virtual workforce of bots might be on its way to eliminate paper invoices, client forms, and everything that could be lost in the office. The predetermined bots will ensure that paperwork is minimized in the enterprise. It will also ensure higher productivity for mundane paperwork-related activities.
  5. RPA Cloud Deployment
    • Whether it’s about RPA trends in healthcare, RPA trends in banking, or RPA trends in insurance, the cloud is the need of the hour. RPA processes massive amounts of data. Cloud deployment ensures enough repositories for RPA storage.
    • RPA cloud deployment enables companies to process data at a whim. It means that they can virtually build an RPA infrastructure and deploy bots. In essence, cloud technology will also become a source for self-driven bots that can perform multiple functions from the same data. Vendors offer cloud bots that can reduce the infrastructure setup cost as well.
  6. RPA in ERP
    • With cloud deployment becoming mainstream, Robotic Process Automation (RPA) will have a significant role to play in ERP software. Integrating RPA with the ERP system would provide a centralized platform to manage business processes.
    • Integration of ERP and RPA would lead to better customer experiences. Through a centralized source of data, companies can deploy continuous triggers for one task to another. The entire process will be seamless, and streamlining automation activities would become easier. On top of that, the employees would have access to the processed data without the hassle of searching in different systems.
  7. Faster Adoption
    • The latest RPA adoption trend is the biggest one of them – the quick adoption overall in all sectors, domains, and industries. The pandemic has driven companies to look towards RPA as the first step towards digital transformation.
    • This could be called a meta trend – but the biggest one, nonetheless. Work-from-home is encouraging companies to install bots that can take care of internal processes. Not only that, customer-facing bots are now a new reality. In fact, reminder calls for payment due, service notifications, etc., are now taken care of by RPA software bots. 

Read more: Pros and Cons of RPA Technology for Digital Enterprises

Conclusion: RPA Trends are Multiplying 

The latest trends in RPA do not stop at these 7. With innovation becoming the pillar for improving business performance, Robotic Process Automation adoption is sure to skyrocket in the coming years. RPA is not an option anymore – it is becoming a necessity for modern enterprises to achieve their profitability objectives. Therefore, by carefully analyzing which trends businesses can capitalize on, they can better leverage them for automating business processes.

Originally published at https://techreviewer.co.

#robotic process automation (rpa) trends #rpa trends #robotic process automation #rpa bots

Shardul Bhatt

Shardul Bhatt

1622207842

Top 7 RPA Finance and Accounting Use Cases

The financial services industry is complex. There are massive numbers and tons of data. Accuracy and error-free recording and management are essential. A single mistake in accounting can cost you millions of dollars. Therefore, the need for digital technologies to reduce human-errors, achieve efficiency, and deliver accurate results becomes imminent.

RPA in finance and accounting is now showing promising results. Implementing RPA reduces errors by almost 50% and increases the accuracy by 75%. RPA use cases in finance are going beyond traditional data entry tasks — firms use it to onboard customers, prepare financial statements, and much more.

This article will highlight the top 7 RPA use cases in finance and accountingRPA services are the first technology that drives digital transformation in banks and financial institutions. Therefore, understanding the most significant use cases of RPA implementation in finance and accounting is necessary to achieve the best organizational results. But first,

Checkout 11 Use Cases and Benefits for Robotic Process Automation

What are the Benefits of RPA in Finance and Accounting?

End-to-end automation enables financial companies to automate processes without any human intervention. RPA in financial services allows accounting staff to focus on gathering insights rather than preparing documents.

RPA tools like Automation AnywhereBluePrism, and UiPath offer separate accounting and financial bots for multiple activities. Before we look at their use cases, here are the few benefits of RPA in accounting:

  • Cut down costs
    Financial companies can cut down costs by investing once in RPA bots. The long-term investment is nothing compared to the cost of hiring accounting professionals for minor tasks.
  • Higher accuracy
    Can’t find a mistake in your excel sheet? RPA solutions increase the accuracy by 50 to 70 percent and eliminate all the errors from your financial recordings.
  • Increase in efficiency
    RPA software installs bots that can perform operations much faster than human personnel. They are known to reduce the process completion time by almost 50%.
  • Automate data
    You can automate unstructured data and invoices from emails, pdf files, and more using Robotic Process Automation (RPA). Data extraction can help you with that.
  • Assist employees
    When RPA technology takes care of mundane financial processes like entering customer details in a form, employees can focus on high-value tasks that increase organization profitability.

Now that you understand how Robotic Process Automation (RPA) services can benefit the financial industry let’s look at the 7 best use cases for RPA in finance and accounting examples.

Read more: 7 Step Guide of RPA implementation for Enterprise Digital Transformation

7 Best RPA Use Cases in Finance and Accounting

Finance and accounting have complex, high-volume processes. For example — it takes a lot of time for bank employees to enter customer details for the loan form. Robotic Process Automation (RPA) can easily save this time. It can extract data and transfer it directly to the form by taking it from the centralized system.

You can find many such use cases of RPA in accounting and finance operations. We will look at the 7 most prominent use cases of RPA in operational finance and accounting. Here they are -

1) Customer onboarding

  • As KYC becomes an important part of onboarding customers, employees spend more time gathering information than managing the account. RPA bots easily solve this problem by automating the data collection process.
  • Using Optical Character Recognition, the RPA software can feed client information from their documents and arrange it into a report. The manager can see the final report from the RPA solutions and make an informed decision. After receiving the manager’s approval(a pre-determined trigger), the RPA bots will directly feed the data into the customer profile for final creation.

2) Data recording

  • One of the best use cases of RPA in accounts is data recording. Most of the time, gathering and entering data becomes time-consuming. It also leads to human errors that can result in companies losing huge sums of money.
  • Robotic Process Automation (RPA) services enable companies to record data error-free and with complete accuracy. Financial transactions require a lot of care. With an RPA platform, you can add triggers for entering data and recording them in the right sheets. This way, you can save a lot of money by eliminating the need to hire personnel to check the transactions manually.

3) Accounts payable & receivables

  • Managing payments is one of the riskiest tasks in the financial services industry. By implementing RPA, you can streamline the receivables and payables process. There are strict timelines you need to adhere to and have proper amounts of payment.
  • Through robotic accounting, you can automate the process of payments to vendors and receiving money from stakeholders. You can automate the timeline for sending and receiving payables. RPA bots can build approval workflows and process payments, receipts and ensure that all the transactions take place on time. It also ensures that you adhere to financial audit policies and regulations.

4) Invoice management

  • Whether it’s a bank or a financial institution, invoices are a part of their everyday operations. Processing one invoice takes somewhere around 2 weeks as most of the process requires manual input.
  • RPA in finance processes simplifies invoice management. Bots gather and extract receipts, collect data, send an invoice to vendors, provide notifications, and offer reconciliation — all in a matter of minutes. RPA bots are available 24×7, so there are fewer chances of missing an invoice. The RPA software directly extracts the data from the receipt as soon as it receives it.

5) Investment management

  • The use case of RPA in investment management is still in its infancy. While they cannot directly provide investment advice, they act as a support system for wealth management.
  • When it comes to price comparison, RPA solutions deliver promising results. They provide real-time updates on the prices of stocks and mutual funds. By comparing them, you can choose the best options. Apart from that, it can monitor your portfolio and evaluate the fluctuations in your wealth. By understanding that in detail, you can make informed decisions.

6) Financial closing

  • One of the best RPA use cases in finance and accounting is the support in financial closing. All the expenses, receipts, and transactions from the year require to record maintenance from excels to sub-ledger. It is a time-consuming process.
  • RPA technology enables companies to automate the process of data extraction and recording in the right sub-ledgers. There are hundreds of invoices, receipts, and documents that you need to account for. RPA in banking helps the employees with closing the yearly and monthly accounts by providing the right information at the right time to the right form.

7) Financial planning

  • Planning and forecasting financial outcomes possess several challenges for accountants. RPA in the finance department simplifies budgeting and planning the expenses for a period of time.
  • RPA in finance and accounting provides data sets to systems that do financial planning and forecasting. Predicting results becomes easier as RPA bots extract data from internal and external sources, feed it into the predictive system, which then provides insights for making informed decisions. It provides up-to-date information so that complex processing is done easily.

Conclusion: RPA in Finance is Necessary

To cater to the growing complexity in financial processes and operations, RPA technology is necessary. Bots and software solutions automate financial transactions and management to the extent where the employees only need to focus on direct revenue-generating activities.

BoTree Technologies, a leading software development company, provides complete RPA automation solutions in the finance and accounting industry. Get started with RPA tools today and increase your efficiency by 50%.

Contact us NOW!

#rpa in finance and accounting #rpa use cases in finance #benefits of rpa in finance and accounting #rpa in financial services #rpa in accounting

Shardul Bhatt

Shardul Bhatt

1626957506

What are the Best RPA Tools Available for Enterprise Automation?

An RPA specialist can work with any tool, given the individual has the right preparation. Yet, there are a couple of them that stand apart because of their usability. 

Following is a list of RPA tools in the market that most organizations use to convey RPA bots:- 

UiPath 

Without a doubt, the leader in the Robotic Process Automation services market is UiPath with a 27.1% piece of the market, as per IDC. As one of the best compared to other RPA tools, UiPath is easy to use and can without much of a stretch be carried out by non-engineers. 

The tools give both mobile and web support, guaranteeing that the bots can be set off in any environment. Citrix renders help to UiPath, which speeds up the interaction of automation. 

UiPath offers 3x to 4x quicker bot organization than other RPA tools. It constantly grows its conventional RPA abilities to offer better automation services. 

Read more: 11 RPA Use Cases in Different Industries you Ought to Know

Automation Anywhere 

In the RPA market, Automation Anywhere is second on the outlines with a stunning 19.4% piece of the market, as indicated by a leading analyst firm. It assists with automating end-to-end business measures. 

The organization offers an electronic and cloud-local savvy robotization process. It has in excess of 1,000 pre-constructed bots that answer for various use cases. The platform has delivered over 2.4 million bots with 2,000+ partners across the globe. 

The product offers custom RPA services that increase the usefulness and minimize human interface. 

BluePrism 

Unarguably one of the main RPA tools, BluePrism is trusted by many organizations to construct their virtual workforce. The way toward planning a bot includes visual portrayal, like that of a simplified interface. 

BluePrism turns out completely great for both new businesses and huge ventures because of its lucid nature. It empowers quick execution and secure improvement of RPA bots. It has a 10.1% piece of the market in the RPA tools industry. 

The RPA solution offers a multi-environment, dynamic delivery model to organizations for effectiveness and high productivity. 

Checkout: 7 Step Guide of RPA implementation for Enterprise Digital Transformation

Kryon 

The tool offers hybrid, attended, and unattended automation arrangements. The unattended solutions offered by Kryon empower organizations to trigger bots and complete the work with no human intervention. 

Kryon offers a process disclosure segment, which empowers RPA designers to perceive what tasks are being done every day. The mix of attended and unattended robotization, called hybrid, is empowering organizations to creatively incorporate bots. 

The simplicity that Kryon gives is unrivaled. Bots worked with Kryon to play out each assignment with more noteworthy accuracy and effectiveness. 

Pega 

Broadly famous for its business interaction with the executives, Pega Systems depends on a structure for process discovery and business rule the board. There's no information put away in the data set however in the memory. 

PegaSystems just offers cloud-based arrangements. Organizations can designate their bots to basic workstations or representatives with this RPA tool. There's a component for significant data, which naturally recognizes processes that need automation. 

The platform offers an exhaustive comprehension of how the work is performed. It improves on the cycles and guarantees all work is done on schedule.

Read more: Pros and Cons of RPA for Digital Enterprises

Summing Up 

RPA services are booming. Organizations need automation tools that can assist with accomplishing efficiencies so their workforce can zero in on more significant tasks. The above list of off-the-shelf and open-source RPA tools empowers organizations to automate their dull tasks and assemble a virtual workforce. 

BoTree Technologies is a leading enterprise software development company that can assist with building bots for smoothing out activities and automation of mundane activities. 


Reach us today for a FREE CONSULTATION.

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Shardul Bhatt

Shardul Bhatt

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4 Ways to Speed up RPA Solutions Implementation in 2021

The RPA software industry has already surpassed every threshold. During the pandemic, automation became a business priority for digital transformation. There was an increase in demand for RPA solution architects and developers. RPA implementation became an important part of an organization’s operational activities.

With the increasing competition, speeding up the RPA implementation methodology is essential. While you can hire RPA services and start system integration, a slow pace may be counterproductive. RPA adoption seems easy - the bigger challenge is implementing it at the right time.

This article will highlight the best practices and ways to speed up RPA implementation steps in your organization. The right speed is essential to achieve ROI on RPA technology. We aim to assist you with speeding up the process by suggesting 4 ways you can adopt today.

RPA Implementation Steps: How to Begin

Before we understand how to speed up the process of implementing RPA, it is important to know the steps involved in automation. RPA tools and techniques are harder to comprehend - so it is best to begin with the right steps for implementation. It will also help you solve any RPA implementation challenges that you face during the process. 

  • Identify the right processes
    The first step is to identify the right processes for automation. These processes would generally be identified through their high costs and volume, the margin of error, slow completion rate, and repetitive nature. An RPA solution can be implemented in tasks that are mundane and can be triggered through an RPA bot. You will achieve the best ROI only when you automate the processes that increase your efficiency.
  • Select an RPA vendor
    Once you have identified the right processes, you must select vendors for automation. RPA UiPath, BluePrism, and Automation Anywhere are the leading RPA companies that provide the right software for implementation. You can build one RPA bot or an army of virtual workers who can complete your activities with minimal effort and zero error. Choosing an RPA vendor depends on the cost, features, and the complexity of RPA implementation in your legacy system.
  • Hire RPA services provider
    You can use the free RPA tools for automating your mundane tasks. But it requires careful study and knowledge about RPA. You need training and experience for implementation. Hiring an RPA solution architect or a team of RPA developers from a certified company can save you a lot of trouble. They understand the process, develop bots to improve the process and provide complete maintenance for your RPA software.
  • Develop and Test
    The next step is to develop the RPA bots that will act with a certain trigger. Whether it’s data entry or providing customer information to the sales team, RPA bots need triggers for every activity. Once they are ready, the RPA developer will test the bot for any issues and bugs. The goal is to ensure that the RPA technology bots are achieving the expected level of efficiency. Testing also ensures that all the improvements are in place.
  • Maintenance of RPA bots
    Installing and initiating RPA implementation continues with maintenance of the RPA bots. Even though RPA software is a one-time investment - it needs regular maintenance and support. The RPA consultant will monitor the bot for any inconsistencies. If there’s a need for any new automation, they will build it without any hassle. They will remove or eliminate any bots & triggers that do not deliver the estimated results.

4 Ways to Speed up the RPA Implementation Process

RPA implementation is hindered when there are a lot of stakeholders involved. Mostly, the biggest RPA implementation challenges occur in convincing the management of its effectiveness. 

An RPA solution can increase the accuracy of the automated process by 50 to 70 percent. It increases the process efficiency by more than 75 percent - 95 percent in some cases. However, it is only possible when RPA technology is implemented at the right time. 

Don’t worry if you are running late in RPA implementation. Here are 4 ways through which you can speed up the RPA implementation process and bring in more efficiencies in your organizational system - 

  • Outsource an RPA team
    An in-house team of RPA developers is often the first thing that comes to mind. However, it is much better to have the right team than your own team. However, an in-house team for small and mid-sized organizations is costly and difficult to manage.

    There’s still a shortage of qualified RPA solutions architects for implementation. You must hire an RPA services provider who offers skilled resources for RPA technology. These companies often have an RPA Centre of Excellence that enables them to deliver quality RPA solutions for different industries.
  • Choose the right partner
    Often the wrong RPA implementation platform can lead to biggest issues. Just because a vendor is popular, you shouldn’t select them. You must identify if they can automate the complex processes you have.

    You have to ensure that the RPA vendor offers scalability. The larger your enterprise, the more bots you will need to automate the processes. The solutions should be accessible and have functionalities that easily integrate with a wide variety of systems. You have to ensure that there’s minimal human intervention with the RPA software you choose.
  • Find valuable outcomes
    If you follow the RPA implementation steps and still don’t find a valuable outcome, then you are doing it wrong. Without any meaningful outcome from RPA, you are slowing down your growth.

    This is probably the most important of the RPA implementation challenges you need to solve. You cannot enhance system-level performance by the integration of RPA solutions for invaluable operations. You need to find valuable outcomes for the bots as well as the developers that they will replace. Don’t underestimate the complexities of implementation and hire experienced RPA companies that find value in your process automation.
  • Standardize success metrics
    You need to determine the success metrics for your RPA undertaking. You can incorporate the best RPA tools & techniques and still get average results if there’s no standardization to success.

    There’s always the need for well-defined process mapping to identify the benchmarks you wish to achieve through RPA implementation steps. When you have metrics in place, you can delve deeper into the RPA process and speed it up as you know what you want to achieve. Whether it’s 50% more efficiency or 70% less errors, the standards you choose must have realistic values - otherwise you will sidetrack from achieving your goals.

Overcome RPA Implementation Challenges in 2021

RPA is enticing, challenging, risky, and rewarding. Initiating RPA technology implementation is easy - speeding up the process to achieve the perfect ROI is difficult. The sooner you implement, the better your organization will be and the quicker you will get a competitive advantage.

Source: https://www.iotforall.com/4-ways-to-speed-up-rpa-solutions-implementation-in-2021

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