The notion of digitalization or Industry 4.0 varies among the diverse industries of the economy. While some industries have embraced the idea, some are hesitant to put it into practice. Industries that have embraced digitalization have benefited from improved internal and external value chains, streamlined transactions, and more precise product delivery. 91% of businesses are…
The Finance and Accounting function involves many mundane, repetitive, and time-sensitive transactional processes. One of the challenges for their workforce is to perform these tasks without any errors, as even a minor mistake leads to substantial losses. So, finance leaders look for an automation tool that accelerates the process and ensures 100% accuracy. Robotic Process…
Robotic process automation is one of the most talked-about technologies in the business world today. And it’s no wonder why. RPA can transform our work by automating repetitive, time-consuming, and rule-based tasks. RPA is already being used by businesses of all sizes across various industries. And its popularity is only expected to grow in the…
Technology adoption has continuously helped businesses outsmart the competition. In recent years, progressive business leaders have been turning to Robotic Process Automation (RPA) to accomplish more while keeping costs down. But the hype around RPA is not without skepticism over security. Whether a bot works supervised, unsupervised or in a hybrid manner, the very nature…
Implementing workflow automation isn’t easy and can’t be taken lightly. Planning is critical for ascertaining a smooth workflow automation from start to finish. To implement a workflow automation successfully, entrepreneurs must get to know the 4 critical mistakes and avoid them. Why workflow automation is critical? Before diving deep into the implementation mistakes, understanding the…
The echoes of a global recession are growing louder. Every day, we hear of businesses making drastic decisions just to stay afloat. For banks, a slowing economy can be a major challenge as demand for loans and other banking services decline, leading to falling profits. While recessions are nothing new, the current global scenario makes this one…
It is no secret that the banking industry has battled to evolve with the times and stay up with technological advances. Adopting technologies has helped banks provide the best customer experience while remaining competitive in the saturated banking market. In addition, the pandemic has accelerated company measures to react to employee and customer demands, making…
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