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RPA - Banking and Finance
RPA is one of the most widespread and adaptive in digital transformation processes.
Being in Robotics business for many successful years with best track record, Jacky’s Business Solution LLC Dubai, UAE has now step into RPA (Robotic Process Automation) solution.
Implementing RPA in Finance and Banking is easier than you think
We provide affordable packages and end-to-end solution with instant and better implementation skills. Our skilled team can assist you in digital transformation journey of implementing an effective RPA according to your business type and sector.
We offer RPA service to various sectors in UAE such as RPA for Government, Healthcare, Banking, Education, Hospitality and Retail.
We are always there assisting you in your RPA transformation journey. If you require further information or want to have a demo or quote, please get in touch with our sales team vms.sales@jackys.com or call us on +97143388900
RPA in Finance and Banking
The Finance and Banking sector in UAE and other Gulf countries has been exponentially undergoing digital transformation over the past few years resulting to deliver the best possible user experience to their customers ensuring a faster, more secure and reliable services. The banks are adopting new technologies in the form of AI (Artificial Intelligence), big data, cloud computing, blockchain technology and RPA.
The back-office in the banks often perform day-to-day large and mission critical tasks. Many of these tasks can be mundane for staff and need complete accuracy. RPA (Robotic Process Automation) is a powerful, effective and proven technology for banks to automate key processes and time-consuming banking operations more organized, accurate and fast. RPA has been significantly adopted in the UAE banks on a large scale.
Banks can also rapidly automate their most of the critical tasks and free up the manpower on many of the mundane operations. Some of these processes are:
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RPA in Finance and Accounting:
RPA plays a vital role in the digital transformation of Finance and Accounting by helping to streamline the financial operations, improve cash flow and eliminate manual processes and the errors. Some of the use cases of RPA in Finance and Accounting are as:
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RPA in Tax:
RPA automates the Tax processing intelligently, reduce the pain points of tax office, improve the tax flow and digitally transform the tax business by decreasing errors and increasing productivity. With VAT introduced in most GCC countries in the last few years and corporate tax being introduced in the UAE in 2023, the regular tax work that needs to be submitted monthly, quarterly or annually can be automated. Some of the use cases of RPA in Tax are as:
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What is RPA?
Robotics Process Automation (RPA) is a software technology that automates the task in organization just like a human staff is performing across application and systems. The software bots are programmed to take over the mundane and repetitive human tasks. It works faster and more constantly than people.
The software bots can be triggered to read the screen using strong multi-lingual OCRs, interact with different systems such as website, browser, application, user portal and etc., extract data and perform other rule-based tasks by using artificial intelligence and machine learning algorithms.
Advantages of RPA in Finance, Banking and Tax
Increased Productivity: RPA, easily automates the large numbers of the processes in banks and financial institutions much faster and productive.
Cost Reduction: RPA saves valuable time, resources and cost by taking care of the repetitive tasks in banks and financial institutions.
Improved quality and accuracy: RPA perform all regular compliance processes error-free. RPA in banks and financial sector works 24x7, reduces manual errors in many operations thus provides high accuracy at low cost.
Increased efficiency and scalability: Software robots can perform a high volume of task in a shorter duration and they do not get tired. RPA takes out mundane tasks from the bank employees allowing them to be more focused on the strategies towards the business.
Enhanced customer satisfaction: RPA in financial sectors, takes the repetitive tasks from employee and they can have ample time to work on customer queries.
Business continuity Support: RPA is the digital workforce and can be implemented hassle-free in financial services. The software bots can save the time of training that is required for human in business.
If you require further information or want to have a demo or quote, please get in touch with our sales team vms.sales@jackys.com or call us on +97143388900
