Solugenix Robotic Process Automation SPARKZ brings organizations to the next step in the business process evolution. RPA is an innovative technology that is dramatically changing back-office operations. It enables greater innovation by freeing up human labor to focus on idea-generating and other high-value tasks.
Speed into Efficiency with SPARKZ
RPA continues to meet and exceed expectations across multiple dimensions including: improved compliance (92%), improved quality / accuracy (90%), improved productivity (86%), cost reduction (59%)
Robotic Process Automation within Reach
SPARKZ gives your organization the ability to leverage the benefits of a bot worker. Whether automating a small number of processes or many processes, SPARKZ provides the opportunity for rapid time to value. It is an ideal solution for any organization looking to stay competitive in their market.
Benefits of Robotic Process Automation
Companies are frequently challenged to lower costs and increase their market share. These organizations are finding their competitive edge with RPA. Bots can mimic human actions with the advantages of:
- 24*7 Availability
- Ability to mimic human actions on existing enterprise applications
- Reduced number of errors made during manual processing
- Greater consistency in work product and service delivery
- Decreased payroll expenses from “human” hours saved
- Complete adherence to governance and procedures
- Tighter security as a result of using bot workers
- Scalability to address seasonal/peak time workload fluctuations
- Highly efficient and productive
Robotic Process Automation Applications in Banking, Insurance, Financial, Telecom, and Healthcare
The need to reduce costs and increase productivity is shifting the way organizations think about business processes related to IT support, data entry, scheduling, workflow management, resource management and more. Now, with RPA businesses have a mechanism for eliminating tedious tasks for their human workers.
|INDUSTRY||Front-line/Channels||Back-office operations||Core Functions||Cross Functions|
|Banking||Contact center support (e.g. customer data entry and copy & paste) Setting up new accounts||Credit checks Processing of transaction Risk management||Statements and confirmations Approvals (e.g. credit cards, mortgages, loans, etc.) Amortization of assets||Fraud Detection Collection and Billing Customer analytics|
|Insurance||New application processing including data entry 3rd party management (e.g. commission calculation)||Support of underwriting decisions New policy Issuance Preparing new customer packages||Policy data changes Confirmation/ statements Support of claims management||Benefits management New staff onboarding Support of collection services|
|Financial Services||Client Onboarding Set up / processing of new products Customer data entry (e.g. copy and paste)||Regulatory and compliance checks Settlements and account reconciliation Recordkeeping||Pension benefits admin Trading Institutional accounting||Finance and accounting HR processes Tax|
|Telecom||Seasonal suspend Customer complaints triage / mining Processing of customer requests||Data cleansing and processing Information gathering and entry||Account bundling Handling of address changes (e.g. moves) Proactive offers / handling of service disruption||Work force management Accounts payable process Collections|
|Healthcare||Patient admin Appointment booking/ modification||Coding and abstracting Data entry/ reconciliation||Patient record migration Inventory tracking||Accounts payable/receivable Billing and claims processing|
Potential savings that companies will experience with RPA by 2025 is between $5 trillion to $7 trillion
The Solugenix Approach to RPA Implementations
Our RPA services take an approach that consists of the right balance between people, process, technology, and facilities, ensuring that all clients have a successful and effortless RPA implementation.
Our team of solution experts will assemble the right combination of these critical components so that the solution delivered by SPARKZ is the ideal one for your organization.
See how the RPA solution can automate your processes
Solugenix Solutions Consultants come on-site to understand your environment and conduct readiness assessment
Propose & Engage
Solugenix formulates solution and business case then formal proposal is presented
Upon signed proposal, Solugenix can begin development work
Implementation and strategy for ongoing RPA success through proactive maintenance