Robotic Process Automation (RPA), also known as software robotics, leverages intelligent automation technologies to automate mundane or repetitive manual tasks. This innovation empowers businesses to lower labor costs and boost productivity and efficiency by accelerating operational tasks and eliminating human errors. RPA works by combining APIs and user interface (UI) interactions to perform repetitive tasks between enterprise and productivity applications. With RPO business decision-makers are expediting digital transformation, which leads to increased ROI from their workforce.
Role of Robotic Process Automation in the financial services industry
With RPA, financial institutions are now able to save the most valuable commodity of all – time. Robotic Process Automation is now empowering the BFSI sector to outperform rivals, cut costs, ensure accuracy and efficiency, streamline operations, and stay afloat. This advanced technology streamlines the finance space by account reconciliation, standardizing official documentation, and maintaining critical data and customer information.
How Odyss can partner
Advanced Robotic Process Automation (RPA) is rapidly speeding up the expansion of business operations through a digital workforce. Explore Odyss's transformative intelligent automation solutions, leveraging advanced RPA capabilities. We strike the perfect balance between rule-based automation and intelligent automation to propel your business toward unprecedented success. Our machine learning and cognitive automation framework enable intelligent reading, decision-making, and continuous learning. By automating routine tasks, we empower businesses to redirect their focus toward more strategic and value-added activities.
Odyss Center of Excellence
Assessment & Opportunity Identification
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- By thoroughly assessing the as-is process, we identify pain points along with improvement opportunities. This helps us pinpoint areas for reengineering and potential automation.
Strategy & Roadmap
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- By conducting an automation feasibility assessment, we develop a business case and calculate ROI, prioritize opportunities, and create a comprehensive RPA roadmap.
Tool Selection & Implementation
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- We evaluate and select the most suitable tool, handle installation and configuration, and customize it as needed.
Establishing COE
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- Defining the COE structure and their roles & responsibilities, Odyss builds product backlogs, conducts program increment planning, establishes governance frameworks, and creates processes and templates for development, testing, deployment, and maintenance.
Development, Testing & Go-Live
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- Ensuring a seamless automation process by preparing infrastructure, designing detailed solutions, securing design approvals, developing and testing automation, providing user guides, and achieving go-live with certifications.
Hypercare & Transfer
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- Following automation implementation, we offer hypercare support, including automation runs and monitoring, backed by L1, L2, and platform support for smooth operations
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