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Automation

Improve process efficiency, reduce operational costs, and increase team productivity

According to a McKinsey report, 45% of current paid activities can be automated by today's technology, an equivalent of $2 trillion in total annual wages.

The areas where RPA continues to exceed expectations include improved compliance (92%), improved quality/accuracy (90%), improved productivity (86%), cost reduction (59%). [Deloitte global RPA survey]

Technology brings low-code automation solutions that are empowering businesses to move away from manual tasks that are repetitive, replicable, and of routine nature. Adoption of automation solutions drives efficiency across enterprise processes while reducing costs and enhancing experience – for customers, and business users.

Automation is a very wide-angled conversation, and its scope broadly falls under the following categories:

Business Process Automation
Automate daily, repetitive processes to reduce the manual effort of your team, freeing your resources to be engaged in more productive tasks. Simplify and streamline business processes, for increased efficiency and productivity.

Use Cases

  • Vendor invoice process
  • Employee onboarding process
  • Automated personalized acknowledgements to customer emails
  • Resume filtering, and many more
Data integration with legacy applications
With legacy systems restricting the path towards transformation and modernization, automation can play a significant role in removing manual data transfers between these systems. Automation can bring about 50% faster implementation, better outcomes, and higher compliance and data quality keeping the legacy systems and investments relevant in the current time.

Use Cases

  • Data export from a legacy system and import in a modern application on a scheduled basis.
  • Data movement from a legacy data source to an Operational Data Source (ODS) for operational reporting or analytics.
Intelligent Automation
Bots bring next-generation cognitive capabilities to enterprise operations processes. With their ability to learn, interpret, and respond accordingly to complex business processes and workflows, enterprises can not only resolve issues quickly but also deliver enriched customer interactions and experiences.

Use Cases

  • Frontline digital smart assistants to address L1 queries from customers and hand over complex queries to the customer care team.
  • AI-enabled data extraction from electronic documents/images.

Irrespective of the industry or vertical you belong to; automation helps drive digital transformation delivering benefits suited to your business need.

Path's Solution Offering

AP Process Automation

Traditional way of doing things in AP processing means investing valuable time and effort of team members in slow and repetitive tasks such as manual entry and data capture of vendor invoices. These mundane activities are prone to high errors leading to losses in terms of money and reputation for the organization.

Transform your Financial and Accounting Processes with Path

<30 sec

Processing Time

Reduce turnaround time from hours or days to minutes and seconds
Up to 50%

Cost Reduction

Halve your cost of operations when processing invoices
98%+

Accuracy

Minimize manual errors and get precise data Seamless Integration with your ERP

Automate, accelerate, and standardize your everyday Account Payable processes. Replace manual work and paper-based processes with automation.

Eliminate Manual
Data Entry Errors
Automate Recurring
Invoices
Optimize Payment
Terms
Increase Visibility Throughout
The AP Process
Build Better
Vendor Relationships

We would be glad to showcase a comprehensive demo using our Bot-based solution.