rpa in financial services - an infographic by rapidvalue

Robotic Process Automation in Financial ServicesRobotic Process Automation (RPA) has garnered immense popularity in financial services firms. It has become the early champion of the digital labor technology.

Evolution of Digitization

10-20 %

30-50 %

70-80 %

80-90 %

90 %

Touchless TransactionsMany companies are actively considering RPA and AI as the next step in technology.

Industry Experts Opinion

Business Benefits

Boosts productivity with minimal process change.

Brings an easy to calculate ROI.

Fresh alternative to the big spend of typical business process management programs (BPM).

RapidValue is a leading provider of end-to-end mobility, omni-channel, IoT, RPA and cloud solutions to enter-prise worldwide. Armed with a large team of experts in consulting, UX design, application development, testing along with experience delivering global projects, we offer a range of services across various industry verticals. RapidValue delivers its services to the world’s top brands and Fortune 1000 companies and has of-fices in the United States, the United Kingdom and India.

+1 877.643.1850 contactus@rapidvaluesolutions.com www.rapidvaluesolutions.com

© RapidValue Solutions

Use Cases - Banking

Use Cases - Insurance

Lead Generation Operations

Represents top area to implement RPA

Leslie WillcocksProfessor, London School of Economics

RPA is a promising new development in business automation that offers a potential ROI of 30% – 200% in the first year.

Kevin KroenPartner Financial Services Advisory, PWC

Digital labor is giving financial institutions a once-in-a-generation opportunity to push a next generation discipline around business process e�ciency.

Most of the companies are here

ERP eCommerce Self-Service RPA AI

Operational Accounting

General Accounting

Processing, Reconciliations, Intercompany transactions

Financial and External Reporting

Planning, Budgeting and forecasting

Treasury Process

Digitization of paper mail

Customer Billing

Fraud Detection

Reporting

F&A : Travel & ExpensesProcessing, Accounts Payable

Policy Servicing

Mortgage Servicing

Claims Servicing

Lead Reporting

KYC

Loan / PolicyEligibility Check

Account Opening

Procurement Generate PRs,POs, Invoices, Vendor masster data

20%

15%

25%

40%

Telecom / IT

Others

Manufacturing

BFSI

Top Reasons to Deploy RPA

37%improvement in insurers’

earnings through automation.

21%of companies will realize savings on

administrative compliance costs.

Source: Insurance Times, Intelligent Insurer and Global Data Maker

Robot Off-shoreEmployee

On-shoreEmployee

0

15000

20000

25000

30000

35000

40000

45000

50000

Cost

in U

SD

Cost of Robots vs Human Employees

Radical reduction in cost