The Advantages and Disadvantages of Integration Platforms (iPaaS)

The benefits of iPaaS (Integration Platform as a Service) are becoming increasingly evident in the modern digital landscape. With iPaaS, businesses can quickly and efficiently integrate various applications and data sources, streamlining their operations and reducing the costs associated with manual integration. It also allows organisations to quickly and easily access new technologies while providing a secure, reliable platform for data integration.

benefits of iPaaS

In today’s digital world, where technology has developed so much, iPaaS technologies have gained rapid growth. As a matter of fact, a study by Gartner has shown that it has become one of the fastest-growing enterprise software technologies in the past decade. iPaaS technology, which has a structure and working logic far beyond traditional integration technologies, comes to the fore in many ways and has started to become more popular day by day. In this article, we have compiled the advantages and disadvantages of using the iPaaS technology for you.

What is an iPaaS (Integration Platform as A Service), and Why Should You Care?

Integration Platform as a Service (iPaaS), the new cloud computing trend, is the general name of a system that connects different cloud-based services, applications, and processes. In today’s technology, where the digital world is developing rapidly, businesses, brands, and individuals use dozens of tools at the same time. At this point, for businesses that receive different services from all of them, PaaS services enable things to progress much more practically and smoothly. iPaaS, which is one of the last points of integration technologies, provides many benefits and advantages to businesses.

What are the Benefits of iPaaS?

iPaaS integration technologies, which emerged as a need thanks to the rapid development of cloud automation software technologies, brought many benefits to businesses. iPaaS benefits can be briefly listed as follows:

1) Faster Value Capture

Among the benefits of iPaaS, the most prominent and the first factor that comes to mind is rapid value acquisition. iPaaS, the integration technology that combines the different resources of business operation processes in a single point and enables them to manage seamlessly, contributes significantly to the DevOps pace, agile implementation, and development cycle.

2) Efficient Integration Results with Few Jobs and Special Skills

Automation technologies such as iPaaS focus on adding value at the software scale without requiring special skills. In this context, users spend very little energy and time and perform many works without requiring special skills. In this way, while increasing productivity, a smooth workflow is also ensured.

3) Advanced Scalable Structure

iPaaS technologies have a scalable structure for developing businesses, regardless of whether they are small or large. In this context, although iPaaS technologies used by a team of 5-10 people and iPaaS technologies used by teams of 50-100 people differ in scope, they essentially continue to operate at the same high efficiency.

4)Low Integration Cost

iPaaS Integration solutions are also a preferred solution due to their low cost. Technologies such as middleware, integration architectures, enterprise bus (ESB), and enterprise application integration have much lower costs than license fees. Low-cost advantages also enable medium and low-sized businesses to benefit from business automation technologies. In multi-tenant resources, creating multiple instances for each user action can cause various problems. However, iPaaS technology allows resources to be shared among tenants, resulting in lower costs, less conflict, and improved speed.

5) Reduced Complexity

With the help of iPaaS, the complexity often encountered in companiesā€™ IT departments is solved. At this point, all iPaaS technology, including the user interface, focuses on making things go more smoothly. Data in the IT environment is managed thanks to integration technology.

6) Data security

The digitalisation of businesses has revealed the concept of big data, and each business has a unique data collection. For this reason, it is very important to manage the data correctly and to ensure its security at the same time. In this context, thanks to iPaaS integrated technology, outsourced data can be easily managed through a single platform, and data security is also ensured. In addition, GDPR compliance becomes easier in the complex data world. Data protection operations are more easily provided under a single platform.

iPaaS Use Cases

What are the Disadvantages of Using an iPaaS Platform?

The disadvantages of iPaaS, which bring many advantages and benefits, are not without their drawbacks. In this context, some disadvantages of iPaaS technologies, which have some limitations, are as follows:

1) Not everyone may be involved

Although easy to use, iPaaS technologies also require some technical knowledge. Therefore, not every user in your business can use iPaaS technology as efficiently as you do.

2) Workflow automation

Not all iPaaS technologies can automate the workflow. That’s why the iPaaS company you choose is important here.

3) Business communication robots

Some iPaaS technologies may not include business communication robots in the system.

How to Choose Which iPaaS Plan Fits Your Needs Best?

Businesses are now rapidly evolving toward digitalisation in many ways. That’s why he outsources more than one of his needs. Although this ensures that workflows run smoothly, it also brings new requirements, such as the smooth management of these external resources. At this point, although integration technologies come to mind, it is also important that this integration system is integrated with the workflow. The practical and smooth execution of the workflow is not limited to these but choosing iPaaS plans that benefit from artificial intelligence and automation systems allows you to create a seamless workflow.

Autom Mate, which produces seamless workflow technologies for businesses by making use of artificial intelligence and automation technologies, enables businesses to fully meet these needs. Based on Autom Mate’s advanced hyper-automation technologies, the iPaaS plan allows you to manage the workflow in the right way. Privileges that allow you to run many of your workflows smoothly thanks to Autom Mate advanced automation systems:

  • AI-powered automation
  • Advanced Hyper automation systems
  • Integrated technologies

Autom Mateā€™s advanced iPaaS technology provides many benefits in terms of data security along with many benefits as well as running workflows smoothly. Powerful data mapping is made with the features provided by Autom Mate iPaaS technology. It also provides easy custom connector creation and a robust connector set. At the same time, authentication and access control based on user directories are carried out in Autom Mate iPaaS technology, which provides seamless integration with API management.

The Many Benefits of Automation Technologies, and How You Can Leverage Them

RPA and automation technologies can help companies streamline operations, accelerate decision-making, and improve customer experience. From improved accuracy and efficiency to cost savings and increased customer satisfaction, the many benefits of RPA and automation technologies are undeniable. In this blog, weā€™ll explore the benefits of automation technologies and how you can leverage them.



benefits of automation

In this digital era, a lot of industries consider automated systems as a must. This is mainly caused by fast technologic developments and continuous changing in customer expectations. Automated systems are fast, reliable, and efficient. Therefore, they are widely used in various sectors, such as healthcare, banking, and finance. However, automated systems are hard to develop and control without any additional technology. To reap the benefits of automation technologies fully, a lot of industries seek new automation technologies like UI automation. Thankfully, youā€™re in the right place, as Autom Mate offers the easiest ways to bring out the benefits of automation.

A survey done by Deloitte states that 53% of firms have already started their RPA journey, and this percentage is expected to increase to 72% in the next two years.

RPA can do most of the tasks carried out by employees, such as understanding whatā€™s on a screen, completing the right keystrokes, navigating systems, identifying, & extracting data, and performing a wide range of defined actions. RPA allows industries to automate tasks across various systems. An industry that implements RPA can automate its entire workflow, infrastructure, and other backend processes, which are mostly labour-intensive and time-consuming.

In short, it can be said that an RPA-supported Automation system can enhance the overall success of workflows. Letā€™s now look at the benefits of automation more closely.

1.Ā  Ā  More Efficient Workflows

Automation makes a big impact on the overall efficiency of your organisation. Automation eliminates repetitive tasks since these repetitive tasks can be easily done by RPA. RPA has two types of bots; these are attended and unattended bots. Attended bots need human interaction and control. These types of bots are useful for handling data, calculations, reporting, and notifications. On the other hand, Unattended bots are automated and executed without human assistance required. These types of bots can do various work, but most importantly, they can operate 24/7, which increases the overall efficiency of workflow.

Using these two types of RPA bots and automated system eliminate unexpected human delay and error also, in this workflow, design tasks can be done faster and more easily since bots can work without any time restriction and exhaustion.

2.Ā  Ā  Increased Productivity

Automation increases the productivity of employees since it decreases repetitive and boring tasks. The RPA and Automated system combination led to employee focus on more complex tasks rather than repetitive calculation tasks. This allows them to employees work on their tasks more focused. This focused workspace environment increases the productivity of employees and leads to more successful work. Also, automated systems reduce the complete time of tasks since some tasks can be done by bots more easily and faster than humans.Ā 

In this type of workflow, humans are positioned in more administrative positions, and they control the results taken from bots. Therefore, the Overall productivity of workflows and employees increases and firms can produce more successful products and provide better service.

3.Ā  Ā  Reduced Operational Costs

Manual business process execution requires significant financial and human resources. However, automating some time-consuming and tedious processes might assist cut down on the amount of money and labour that must be set aside for specific jobs. The risk of human mistakes, which results in significant organisational resource waste, can also be reduced by automating some error-prone business processes. Moreover, business process automation can enable your company to do more in a shorter amount of time, which can enhance organisational profitability over the long term.

So, it can be said that hyperautomation can reduce operational costs with various benefits.

4.Ā  Ā  More Accurate Workflows

error-free-automation

In all sectors, human error is inevitable and encountered often. Human error can lead to small and big mistakes, which can affect the reputation of the firm or the success of that firm product. Using hyperautomation decreases human error since hyperautomation provides bots supported by AI (Artificial Intelligence) and ML (Machine Learning). These bots can do complex computations and analyses faster than humans with minimum error. This eliminates most of the critical risks and increases the efficiency of the workspace.

Hence, it can be said that with a combination of Automation and RPA bots, firms can reduce human error and provide more accurate service and develop more bug-free products.

5.Ā  Ā  Improved Employee Satisfaction and Engagement

Modern firms must prioritize employee pleasure and concentrate on employee retention. Employees might, however, lose interest if they are required to perform the same boring and repetitive business tasks for an extended period.Ā 

According to studies, businesses with high employee engagement levels outperform their competitors by 21% in terms of profitability.Ā 

Many different company operations can be automated with the support of business process automation. This enables mostly automated workflows and reduces the repetitive tasks done by an employee. Therefore, Employee satisfaction and engagement levels will rise, and employees can have more freedom to focus on daily chores that are intellectually stimulating.

6.Ā  Ā  Better Customer Service

Ä°t is crucial for modern organizations to continually focus on enhancing their customer service procedures. Implementing automated chatbots that have prepared responses from cloud-based databases and regular basis checks about how customers are satisfied with service/product with chatbots can significantly improve customer support. Also, with hyperautomation, firms can return the emails, messages, or requests sent by customers faster since these operations can be done by RPA bots with predefined messages.

In short, Automated RPA bots can give faster replies, solve problems faster and send checking messages to customers. These attitudes increase customer satisfaction and might provide your company with a big advantage over rivals.

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7. Efficient Workforce Dividing

Using hyperautomation can enhance the dividing workforce of the firm on a specific task. Using automated systems to design a workflow that decides which team should work with the team and when they should report to their manager can be done more efficiently and faster. This increases communication between different teams and increases efficiency. Also, with the help of bots, employees can be more easily assigned to the jobs they want, which boosts the morale of employees and increase the efficiency of workflow.

So, support from automated systems and RPA bots make enables more efficient workforce division. This increases the productivity, and speed of employees and prevents extra source usage for planning workflow.

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8.Ā  Ā  Easier and Reduced Paperwork

Every company in every sector is obligated to follow a specified set of corporate guidelines, laws, and other policies. However, manually managing paperwork and documentation can be time-consuming and difficult. In order to make sure that your company is following the rules of various governance and compliance regulations, business process automation software can help automatically gather and keep track of organizational data. It can also help establish standardized procedures for monitoring different business processes.

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Automate, Integrate, and Evolve with Hyperautomation

Autom Mate is a hyper-automation platform that enables easy-to-customise business process development. Autom Mate aims to create an autonomous system for all processes in business tasks. Autom Mate has Drag&Drop, NoCode / LowCode, and a %100 web-based design environment to make it easier to use this tool. Even non-coder can develop automated systems to automate and advance their business processes. Moreover, Autom Mate leverages RPA in the best way possible, with the pros of AI and ML.

So, it can be said that with Autom Mate you can increase the success of your business with more advanced automation systems with easy usage of hyperautomation.

Strengthen Your ITSM and Monitoring Application with ITOM Integrations

Deliver the right customer experience, in real-time, with the right technology.

Integration is the key that unlocks new possibilities and fully maximises ITSM and Monitoring ITOM application potential.ā£ Figure out the tasks youā€™re currently doing manually and how these tasks can be automated with ITSM and ITOM integrations.ā£

The success of a business depends on the quality of services provided to its employees and customers. Organizations resort to service management to provide services efficiently. However, ensuring best practice service management is as closely related to using the right technology as it is to designing appropriate processes. Striking the right balance comes with benefits such as responsive service delivery, a seamless customer experience, streamlined service management, smart automation, and compliance with privacy regulations.

ITOM and ITSM integrations

IT services require a strategic approach that focuses on the end user. For this reason, ITSM and ITOM and ITSM integrations and strategies can help you build an IT organisation that is highly responsive to business and user needs.

At this point, IT teams must constantly learn and evolve. They need to feel valued and empowered to make a difference in the organisation. IT teams can make informed decisions about what software to implement rather than responding to rules imposed by a layered reporting structure or rigid process. Strong IT teams are critical to strong organisations, as IT teams to drive productivity and digital transformation. The team is at the centre of ITSM and ITOM, ITSM integrations, and ITOM integrations.

After focusing on the strength of the IT team, it is possible to develop unique applications and capabilities that add value to the organisation. No matter how reputable the source is, “copying and pasting” another organisation’s standards and hoping they will work in your unique environment is insufficient. Successful IT teams build their approach to systems like ITSM and ITOM, but they are careful to consider how to adapt processes that will resonate with their customers.

What is ITSM?

IT service management, also known as ITSM, refers to the strategy behind the way an organisation delivers IT services to its end users. Technologies, processes, and people are important parts of ITSM.

ITSM focuses on understanding and meeting end-user needs. This ranges from designing IT systems with effective demand management to deploying processes, hardware, and software that enhance services. ITSM activities make it possible to grow and develop IT systems to meet evolving expectations and technologies.

What is ITOM?

ITOM is a set of applications used to maintain, manage and measure information technology operations more efficiently. The solution family includes topics such as provisioning, capacity management, performance and availability monitoring of system/network devices, automation, and management of IT processes.

What are ITSM and ITOM Features?

ITSM and ITOM have different and various features. These features are as follows:

  • Real-Time: Thanks to ITSM and ITOM, you can receive real-time notifications via communication applications.
  • Vendor Independent: Communication applications are integrated with software and become vendor independent.
  • Collaborative: ITSM and ITOM are multi-channel integration systems for collaborative event and event management.
  • Marketplace: ITSM and ITOM provide hundreds of ready-to-use automation and integration bots.
  • Cloud: ITSM and ITOM can be used for Native cloud applications and integrations.
  • iPaaS: iPaaS allows for standardisation of how applications are integrated into an organisation.
  • AI and Machine Learning: ITSM and ITOM offer continuous machine learning models on the go.

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You can make the best of your application integrations with ITSM and ITOM.

ITSM ITOM integrations

Integrating ITSM and ITOM

ITSM and ITOM integrations are very important for the independence and security of applications. ITSM and ITOM integrations have a certain process. These processes are described as follows:

  • Service Request Management: Request management is a repeatable procedure for handling a wide variety of customer service requests, such as application access requests, software enhancements, and hardware updates. The service request workflow often involves recurring requests and benefits greatly from providing information to customers and automating certain tasks.
  • Knowledge Management: Knowledge management is the process of creating, sharing, using, and managing an organisation’s knowledge and information. It refers to a multidisciplinary approach to achieving corporate goals by making the best use of knowledge.
  • IT Asset Management: IT asset management is the process of ensuring that an organisation’s assets are accounted for, distributed, maintained, upgraded, and timely disposed of. Simply put, it is to ensure that the tangible and intangible assets in your organisation are tracked and used.
  • Incident Management: Incident management is the process of responding to an unplanned event or service interruption and returning the service to a working state. With all the software services that organisations rely on today, there are more potential points of failure than ever before. This process should therefore be ready to respond and resolve issues quickly.
  • Problem Management: Problem management is the process of identifying and managing the causes of incidents in an IT service. Problem management is not just about finding and fixing incidents. It is also about identifying and understanding the underlying causes of an event, as well as determining the best method to eliminate the root causes.
  • Change Management: Change management ensures that standard procedures are used to efficiently and quickly handle all changes in the IT infrastructure, whether it is introducing new services, managing existing ones, or solving problems in code. Effective change management provides context and transparency to avoid bottlenecks while minimising risk.

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So, what are the integration use cases that process these processes and ensure that the applications are independent?

Integration Use Case

There are three basic examples of ITSM and ITOM use cases. These examples are explained in titles.

  1. Autom Mate Communication Apps
    Autom Mate Communication Applications integration provides easy integration with the most popular ITSM tools such as ManageEngine, 4me, Jira, Micro Focus, ServiceNow, and more.
  2. A New Channel of Communication
    For users who do not want to access IT services through a new channel, all IT services can be offered via WhatsApp, Slack, Ms Teams, WeChat and similar communication applications.
  3. Password Reset Process
    Processes that require quick action, such as password resets, are automated so that users can enjoy IT services with the highest satisfaction.

Integrations and Automations in the Same Platform: Meet Autom Mate

You can also be informed about critical notifications in seconds through your preferred applications. Avoid wasting time, resources, and reputation with Autom Mate. Autom Mate, an automatic notification service, provides instant notification of notifications from preferred applications with voice calls, SMS, WhatsApp, and mail alerts.

In addition, Autom Mate has collaborations with various applications such as ServiceDesk Plus WhatsApp, 4me MS Teams, and Twilio. You, too, can join the world ofĀ  Autom Mate and enjoy being fast and free!

UI Automation vs Back-End Automation

The future of automation is drag-and-drop, which makes UI automation superior towards back-end automation.Ā 

We answered the most common questions on the confusion between UI automation and back-end automation. Knowing what they each entail can help you plan your next initiative with more clarity.

Regardless of whether large or small, organisations today are experiencing a rapid transition to automation. Undoubtedly, one of the most important reasons for this is that automation technology reduces the workload and provides an efficient workflow. In addition, the smooth operation of automation systems also ensures that the work progresses smoothly.

The popular use of automation systems has led to the development of this technology. As a matter of fact, while automation systems were made with coding in the first days, automation systems can be made with almost no need for this now, for example, the UI automation platform, Autom Mate.

UI automation vs Back End automation

Autom Mate has a user-friendly interface supported by UI, so automation systems can be developed without any coding.

Autom Mate, which is a no-code-ready automation platform, it is possible to create huge automation flows with the drag-and-drop method. In this article, we have compiled detailed information about developing your own automation system without the need for back-end automation and, therefore, coding, as well as explaining the conveniences of UI automation.

What is No-Code UI Automation?

No-Code UI automation, as the name suggests, are platforms where non-technical people develop automation systems without the need for coding. No-Code automation systems, also called UI automation, allow users to easily create automation systems with the drag-and-drop method using graphical elements and user interfaces instead of traditional programming. UI Automation is of vital value for both beginners and industries that do not need a lot of programming but need specific automation. However, it has become a highly preferred area for the development of the automation system in IT development processes in a much more practical and effective way.

Why Should You Use UI Automation?

So far, you’ve learned more or less about why you should use no-code automation. But using UI automation has advantages beyond what you might think. Here are the reasons why you should use no-code automation:

  1. Easy Integration: Technology and software infrastructures vary from sector to sector, which causes a program that works in one place to not work as efficiently in another. Apart from these, of course, UI Automation provides an effortless installation with its easy-to-integrate nature.
  2. Quick Reaction: Thanks to its easy installation and integration features, it allows you to go to the market quickly and work smoothly.
  3. Scalable: The automation process you do in a small place can be easily scaled up for larger sites as well. Although most companies see growth in the long term, in today’s world, you can appeal to a very large audience or product /service portfolio in a short time. In this situation, the smooth operation of your automation system will lead to your growth.Ā 
  4. Designed Workflows: With pre-designed easy, and effective workflows, you can get ideas on how you can automate your work and design the automation that suits you by using these designed workflows.
  5. Easy to Use: Codeless UI automation systems do not require technical skills and enable the development of the automation system. Thus, even in simple automation work, the burden on the IT team is lightened. Automation that may be needed in any department within the company can run smoothly.

What is Low-Code Automation?

Although Low-Code Automation systems do not require code knowledge in the vast majority, it is a system that requires code knowledge at some crucial points. Although it is not as practical as No-Code automation, you can develop customisable automation systems in the low-code automation system. Having code knowledge at some key points is among the important factors that ensure the smooth operation of the system. Low-code automation systems that enable users to work quickly, practically, and comfortably are developed interactively with graphic modules.

However, these systems require coding knowledge when the application or automation system becomes complex or requires unique interactions. Low-code automation systems are generally developed for people with programming knowledge to speed up the automation process. It is often used in the development of business management, websites, custom mobile application development, cross-development tools, or cloud-based technologies. It is a very practical system as it speeds up the manual programming process.

What is Back End Automation?

Back-End automation is generally an unattended automation system developed for specially defined and high-capacity automation systems. Good coding knowledge is required here. It is developed using application programming interfaces, not graphical interfaces such as low-code or no-code. For this reason, back-end automation systems are also known as API automation.Ā 

Back-end automation systems, which provide trouble-free operation, have features down to the finest detail of the data storage location and how it is done. It provides accurate access to data; however, it has capabilities such as more stability, data-oriented, fast operation, and high performance, being affected by interface changes.

Back-end automation systems, which can be made by people with advanced programming knowledge, are designed comprehensively. Operations such as file migration, database processing, PowerShell scripts, and API routing can only be performed seamlessly with back-end automation.

Automation Made Easy: Meet Autom Mate

no code automation and RPA

Autom Mate, one of the leading brands in the development of automation systems, makes a difference in UI automation systems as well as in hyperautomation systems. Autom Mate allows you to seamlessly manage your workflow, allowing users to easily drag and drop their automation systems without writing any code. Autom Mate no-code automation platform, which has a very practical use, has a user-friendly interface. Improve your workflow, manage it seamlessly, and do it with your own automation system that requires no code. To discover more, develop your automation system with no-code automation today.

Maximizing Efficiency: Exploring ERP Integration and its Functionality

Integrating ERP, CRM, and marketing workflows may seem too good to be true, but itā€™s possible and easy. The answer is ERP integration.

Imagine the control you can have with all these tools & flows working together, with each tool powering one facet of your company. When that happens, you will not just have less work to do every day, but more importantly, you will also have fewer decisions to make every day. Hereā€™s all about ERP Integrations.

Companies must provide excellent customer experiences across the customer lifecycle in the current economic climate. If the industry’s explosive growth is any indication, the integration of essential business operations is now a requirement, and that’s where ERP integration comes into the picture.

What is ERP integration

ERP is incredibly important, and that cannot be emphasised enough. Businesses that operate in fiercely competitive environments are increasingly looking for ERP platforms to aid with scaling, smooth communication, and productivity bolstering. ERP systems, which were formerly utilised as back-office systems to manage accounting and financial information, now need to link with systems aimed at customers, including CRM, e-commerce, customer support, and many more, to enable a smooth customer journey. Everything you need to know about ERP integration will be covered in this article.

What is ERP Integration?Ā 

An organisation’s core operational functions are managed and integrated using an ERP system. It is a single system that aids businesses in effortlessly integrating critical operations including planning, marketing, human resources, sales, inventory purchasing, and finance. ERP systems can be accessed remotely because they are web-based, which is very useful for companies with locations across multiple areas as it allows them to drastically reduce their operational costs.

Simply defined, ERP integration links and synchronises ERP software with other programs and data sources. Whether the data comes from the ERP or other systems, ERP software integration gives you a unified picture of data from several systems in real-time. Integration with ERP is significant since it improves workflow efficiency and team collaboration while also increasing company operations.

Benefits of ERP IntegrationĀ 

Integration of the ERP system enables businesses to maximise their data and provide excellent client experiences. Following are the specific advantages businesses experience.

1.Increase efficiency

Because sales-related papers are dispersed among many archives, processing orders may take longer. Manufacturers can eliminate bottlenecks in the order-to-cash workflow and shorten processing times for order fulfilment, shipping, and billing by automating the operations that gather documents from various systems. Order-to-cash bottlenecks are reduced and order turnaround time is improved when all customer and product information is accessible in a single digital process.

2.Fewer mistakes & duplications

Data entry can be time-consuming, and there is a high probability that there will be errors and duplicate entries. Reduced manual entry will lead to fewer mistakes being made while entering orders, items, customer information, and other data. Because your online purchase solution and your ERP system handle information differently, integration provides the same standards for each system to ensure that they are communicating in sync.

3.Increased mobility

Your sales representatives must always have the most recent information available to them when they are on the road. Your sales representatives have immediate access to all customer orders, and inventories, along with your goods and prices, thanks to your ERP’s integration with your online ordering system. Your sales representative will benefit from an effective and fluid approach that will enable them to continue selling without worrying about whether they have the most recent catalogue or pricing.

4.Customise customer experiences

With the aid of ERP connectors, your business can gain insightful knowledge of the needs and potential wants of its clients. If you have access to all of the data that is already kept in the back office, you can create specifically customised offerings for your clients. However, the right technology must be utilised to link this data with other online, offline, and third-party sources in order to create a single, dynamic consumer profile. You can use this one view of the consumer and AI to suggest the offers and messaging that is most appropriate for all of your digital commerce activities.

Types of ERP IntegrationĀ 

types of ERP integration

The ERP integration types are classified based on the type of ERP system. They are:

1.On-Premise ERPs

A typical on-premise ERP is installed directly within a business’s environment as opposed to being hosted in the cloud by a third party. The question of whether a company should move all of its business activities onto the cloud or just a portion of them has received a lot of attention. For some businesses, the level of protection and control you receive in your own environment is too valuable to risk.

On-Premise ERP Benefits

  • ERPs that are installed on-site give businesses the flexibility to modify and adapt the software to suit their particular requirements.
  • An on-premise ERP safeguards data to a level that you would not be able to achieve in some cloud situations, similar to control.
  • On-premise ERPs enable businesses in specialised or highly regulated industries a far higher level of control over the upkeep and management of their data.

Operational ERP Strategy

When dealing with different workflow processes like order management, supply chain, and manufacturing, organisations need an operational ERP strategy. Integration between administrative and operational ERPs aids organisations in streamlining processing and enabling visibility within each ERP for businesses that must pair activities with the upkeep of assets in their ERP.

2.Cloud ERP Integration

Instead of being housed inside a company’s data centre or behind its firewall, a cloud ERP is hosted on a third-party cloud computing platform. Similar to an on-premise ERP, the advantages and drawbacks of choosing this approach will change depending on the requirements of your business.

Cloud ERP Benefits

  • The amount of money an organisation may save is what makes cloud ERP the most tempting option. Enterprises just pay for what they use, with a little upfront expenditure and no further hardware investments, and costs are predictable over time.
  • As a result of the vendor’s ongoing software updates and problem-solving efforts, a cloud ERP provided by a third party will be more stable.
  • The growth of cloud computing has also made mobile accessibility possible, enabling businesses to use their applications on most devices and from any location.

Integrate Everything with the Power of HyperautomationĀ 

Using our simple drag-and-drop interface, you can use Autom Mate to create automated flows with the apps and patterns you need. To start imagining the future of your job, view the impact of Autom Mate, speak with one of our experts, or conduct a live demo. With the use of hyperautomation, Autom Mate has taken automation to a new level while offering its users a platform for automation and integration that is always expanding and changing. It offers Digitisation Framework, Robotic Process Automation, Enterprise Integration Platform (eiPaaS), and AutoML solutions to help businesses reach their goals despite industry-specific limitations.

Top Automation Trends that are Transforming RPA, iPaaS, and Automation

Automation is the buzzword of the 2020s, and itā€™s in constant evolution. As a PaaS company that specialises in automation and integration technologies, weā€™ve made a list of the top emerging automation trends thatā€™ll transform the technology.

Automation is a system of rapid growth, continuous innovation and wider adoption. For this reason, automation has never been in a static category. In the race for digital transformation, robotic process automation (i.e. RPA), iPaaS and automation are generally touted as a fast and effective way to optimize key business processes and extend the life of legacy systems. Automation has always been a must for digital change and transformation in terms of these features it has, which is why everyoneā€™s talking about the future of automation and automation trends.

automation-trends-2023

Process automation bots have the same abilities as humans to do repetitive work. Moving files, scanning emails, logging into programs, connecting to APIs, extracting data and others can be automated with RPA, iPaaS and automation. In this blog, weā€™ll list the most exciting automation trends to seek in the following years.

Top Emerging Automation Trends

The trend of recent times is automation! Automation, in other words, sharing a job between humans and machines! So what functions do automation technologies provide? The functions provided by the automation are as follows:

  • Making the most of technology in your digital transformation journey
  • Process efficiency and time savings
  • Focus on value-added work
  • Cost savings for manual and repetitive tasks
  • Minimizing the error percentage

But it should be remembered that automation is not a physical machine or robot, a digital assistant or just an artificial intelligence, machine learning or internet of things platform. Here are the automation trends of 2023:

Low-Code & No-Code Platforms

The terms ā€œLow-Codeā€ and ā€œNo-Codeā€ are often used together because of their similarities. Both low-code and no-code platforms use visual interfaces to enable users to develop their own business solutions without extensive coding knowledge.

The main difference between low-code and no-code platforms is that, as their names suggest, low-code platforms can still involve coding in certain situations, and a no-code platform requires absolutely no coding, which makes them a great model for automation platforms.

This basically means that no code technology is designed specifically for individual developers, or even people who have no idea about coding. On the other hand, low-code technology appeals to both individual developers and professional developers, since it requires coding knowledge. Because low-code platforms can still include coding, they can build larger and more complex applications than any coding platform can. For better flexibility and control over the development cycle, forward-thinking businesses use platforms that combine both low-code and no-code technologies.Ā 

As an automation platform, Autom Mate was designed to fit the automation trends of the modern age and is both no-code and low-code, depending on what businesses need it to be. On top of that, with Autom Mate Marketplace, users can pick proven-to-work automation flows without even drag-and-dropping apps and flows!

Machine Learning Meets Automation

Machine learning is a branch of artificial intelligence (AI) and computer science that gradually increases its accuracy by focusing on the use of data and algorithms to mimic the way humans learn.

It is indisputable that artificial intelligence-based automation solutions will be the biggest issue in the coming years. The question is how quickly the enormous potential of this technology can be exploited by manufacturing companies. However, the basic prerequisite for this is the coherent digital networking of all components involved in the production process. When this obstacle is removed and autonomous data exchange of all related systems is ensured, the basis of smart production is formed.

Collaboration Becomes a Priority

The megatrends of digital networking and artificial intelligence are ushering in a new era of automation. They allow the realization of highly flexible intralogistics and production concepts that were hitherto impossible. With the current innovation dynamic, this year’s premier trade show will likely be the most important Automation technology of all time, with a wider array of exhibitors than ever before, from start-ups to industry giants. At this point, cooperation is the most important step!

Integrations, Integrations, Integrations

Most RPA platforms offer some level of integration capabilities out of the box. However, these capabilities are often limited and may not be enough to meet the needs of a specific organisation. That’s why it’s important for RPA platforms to offer robust integration capabilities that can be easily customised to fit the unique needs of any business.

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integration and automation trends

At this point, the most important factor is not only the integration of the automation system but the integration of the whole process.

Intelligent Automation

Intelligent Automation (IA) is a combination of Robotic Process Automation (RPA) and artificial intelligence (AI) technologies. It empowers end-to-end business process automation and accelerates digital transformation.

Smart Automation increases the number of processes that can be done in business process automation. While RPA performs the operations defined for it; as well as ready-made applications such as automated process discovery and process analytics,

  • Computer vision (Computer Vision),
  • Natural Language Processing
  • Cognitive technologies combine with machine learning and business analysis capabilities.

    In addition, the concept of Intelligent Automation covers the entire automation journey (discovery, automation, optimisation) between human-bot teams working together while automating any front-office or back-office business process.


Image Source: Gartner

At the same time, in 2021, Gartner surveys found that more than 50% of CEOs and 69% of boards of directors are demanding accelerated growth and operational excellence. Hyperautomation provides a critical path toward achieving both.

According to the data in this chart, hyperautomation was the best solution for managers last year.Ā 

So, what are the pros of hyperautomation? The answer to this question is as follows:

  • Better, higher-quality processes
  • Greater usage
  • Quicker adoption
  • Less resistance
  • Customer and employee centricity

In addition, hyperautomation is a system that can be integrated with all automation systems.

Automate, Integrate, and Resolve with Autom Mate

Autom Mate is a system that allows you to automate your business processes and design these processes with as little code as possible. Autom Mate integrates with nearly 300 connectors and automatically handles your work without the need to enter multiple sites or run multiple programs.

The best thing about Autom Mate is that you can perform your various business processes in the simplest possible way, even without coding knowledge. So, what are the advantages of Autom Mate? The answer to this question is as follows:

  • Improved Efficiency and Productivity: By adding a new automation solution that eliminates the possibility of errors, you can instantly get your work done more fluidly and with fewer errors. By removing the heavy and laborious manual processes your team performs daily, you troubleshoot performance issues in tasks and accelerate higher-level business processes between departments, team members, and everyone in your organization.
  • Less Time and Resources: Automation helps your organization reduce costs and increase profitability, especially for teams that deal with manual paperwork while fulfilling their responsibilities. Automating processes speeds up your internal operations, so you can easily save time and money on the resources needed to complete these processes, and reassign employees who previously did manual work to more important tasks.
  • Simple Data and Document Management: Using manual processes, employees can lose track of written communications, spreadsheets, and other documents printed or transmitted between emails. In addition, moving information from one data source to another or having to perform calculations from another data source increases the likelihood of human error and wastes more time. Process automation means having all of your documents and data in one place and streamlining document management in a way that is easy to organize and retrieve.
  • Visibility and Transparency: You don’t need to provide additional support to your team as automation solutions help ensure that best practices are followed and management implemented. With data collection, reporting and analysis capabilities, you can view data dashboards that offer visibility and transparency about what everyone is currently working on so you can make more informed decisions.

As a result, companies are adopting and scaling Autom Mate to efficiently handle people and processes. Autom Mate offers 360-degree solutions that best suit the needs of the future. Discover the many RPA use cases in Autom Mate’s ready-to-use, user-generated RPA flows today, and let’s design the future of RPA together.

Stuck in Digital Transformation Limbo? Break Free with a Roadmap to Overcome 6 Hurdles

In an era where digital transformation is mandatory, you may not believe that there are still so many barriers. As a company that evolves the way businesses work, we have some answers and solutions to digitalisation barriers. Read our blog to see how you can answer the most common digitalisation barriers.

Digital transformation creates a multiplier effect for all sectors. With the effect of the pandemic, it was better understood that digitalisation functions as a lever of the economy; but the question marks about digitisation still await removal. Incorrectly determined digital transformation roadmap and data security concerns raise these question marks, bringing digital transformation barriers to the front. 

With the advantages it creates, digitalisation increases the productivity of industries and becomes an important part of our lives. In order to understand these advantages, it is necessary to correctly answer the question of what digital transformation is. It is correct to define digital transformation as the effective use of technology in institutions. 

digitalisation barriers

By this definition, investing in technology alone means following the wrong strategy because digital transformation requires employees are the ones who need to take advantage of it the most, which also are the first barrier to digital transformation. In this article, weā€™ll dive deeper into the definition of digital transformation and digital transformation barriers that companies face mostly. 

First Things First: Find Out What Digital Transformation Will Bring

It is critical to understand what digital transformation is and manage it correctly. Managers need to be able to manage the processes and their team and to embrace the project as a leader who supports innovative thinking, not the boss. Investing in the brand instead of technology without creating the right digital transformation strategies by ignoring the corporate culture creates a barrier to digital transformation.

The Biggest Barriers to Digital Transformation

Basically, digital transformation addresses an extensive scope, so there may be many digitalisation barriers for the brand or business to realise this transformation. Here are the biggest barriers to digital transformation that enterprises face.

1- Too Many Tools, Too Little Time

Digital transformation requires the prioritisation and management of projects in the best way. At this point, it becomes clear how vital human resources are. Employees must develop different competencies and have advanced cognitive, social, and technological competencies. There are many tools used in workflow management, but unfortunately, a sufficient workforce cannot be provided to use these tools. 

how to integrate apps with digitalisation

While using all the tools together makes the business process go smoothly and more efficiently, creating human resources for all of their results in extreme financial damage. For this reason, end-to-end automation systems can enable many vehicles to be operated from a single point and solve problems.

For example, thanks to hyperautomation and integration tools such as Autom Mate, it is actually possible to use many tools in an integrated way. 

2- Security Concerns

With the increase in internet usage, the concept of big data has gained more importance. The data it has for businesses is the heart of the institution. This situation both makes storage an important need and brings with it some risks.

The protection of data, which is described as the oil of the age, is important not only for backup and restoration but also for increasing the capacity of the enterprise. Most organisations continue to rely on legacy systems. This poses greater risks. Possible problems related to the security of data can be prevented by small operations such as using strong passwords and performing security checks on the server side.

3- Fear of Change 

Fear of change is a condition that can be seen in all areas of the world. However, this may cause your business to disappear when you count in your place.

Today, many companies that make great inventions in technology infrastructure have disappeared or are about to disappear because they cannot keep up with the change, for example, Nokia. Therefore, do not hesitate to go digital and keep up with the times.

4- Cost Concern

Cost concerns are also an obstacle to digital transformation. However, digital transformation provides many advantages in the long run. Digitisation not only increases competitiveness but also provides significant cost savings. Digitalisation in business processes creates opportunities for customer-oriented work with the advantage of time. In this way, increasing customer satisfaction allows for an increase in the market share.

5- Conventional Workforce

People who are accustomed to traditional working life are also among the digital transformation barriers. When you plan and implement your new recruits according to digital transformation, you can be sure that you will achieve much more effective results.

6- Lack of Communication

The survival of an enterprise is directly related to the continuity of the workflow within the discipline. The indispensable tool for this is undoubtedly communication. Ensuring the best communication between the teams will bring the work to be done in a timely and orderly manner. Uninterrupted and healthy communication can only be achieved with digitalisation.

Go All-Digital with Hyperautomation

Promising digital transformation with RPA solutions for businesses and brands, Autom Mate can help you move your business to the future thanks to its hyperautomation systems.

Autom Mate Hyper Automation systems, which have a user-friendly interface, enable you to perform many key operations such as all process control, workflow, planning, data-file forwarding and sending mail without any problems. With Autom Mate, you can easily remove major barriers to digital transformation and run your business more efficiently.

Today, where adaptation to the digital world is critical for the dynamism of the economy, start taking the first steps towards adapting to the new world and growing.

5 Ways Hyperautomation Transforms Your Company

To define it briefly, hyperautomation is the execution of human-power-based processes with artificial intelligence technology. Hyperautomation automates processes by creating a digital version of the institution it integrates with. This system, which is one of the technology trends of recent years, works depending on RPA and Intelligent Business Process Management Systems, which creates many advantages over conventional automation technologies. In this article, we’ll dive deeper into the benefits of hyperautomation.

benefits of hyperautomation

Hyperautomation makes business processes easier by increasing the performance experience of companies.

As a matter of fact, research shows that hyperautomation has become almost a necessity for the players in the business world to be sustainable. So much so that, according to a study by ZDNET, it has been determined that 80% of organisations will actively use hyperautomation in their business by 2024.

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According to Gartner’s data, the benefits of hyperautomation does not not only shine operational processes. This system, which can easily reach a number of vehicles that can be automated, also contributes to processes in the stages of measuring, monitoring, designing, discovering and analysing. Hyperautomation, which is also effective in the democratisation of technology, also known as the digital twin of an organisation, or DTO, provides a smart combination of multiple parameters included in the workflow.Ā 

With this ease brought by technology, manpower can add greater value to the institution or company in which it exists by showing its effect at the stage of thinking and choice. Human intelligence can decide which combination will work better or should be improved.

How Does Hyperautomation Make a Difference?

Although the difference between hyperautomation and automation is very similar when explained theoretically, there is an important difference between them when looking at the application. Automation alone often refers to the practice of automating a single aspect of your business, such as leveraging robots in production or using chatbots to answer simple questions from your customer.Ā 

Hyperautomation offers a large, self-learning, and self-developing system aimed at automating every aspect of a business, saving time that could be better spent elsewhere.

Here are the main benefits of hyperautomation and how it is changing the way businesses work:

1- More Focused Workforce

Automation alone often refers to the practice of automating a single aspect of your business, such as leveraging robots in production or using chatbots to answer simple questions from your customer.

  • Companies have leveraged business process automation solutions, including BPM-powered RPA and ODM-powered AI, for years to improve workflows and security. For example, you can perform an analysis with 10 or 20 employees, with just one automation, much shorter and with fewer errors. With hyperautomation, having 1000 virtual bot workers instead of having 20 physical workers is less costly, less costly, and provides fewer errors.
  • RPAs perform task-centred, rule-based work, while AI for data-driven modelling designs mimics human learning and decision-making abilities. With hyperautomation that combines RPA, AI, and more technologies, process automation takes on another meaning.
  • Similarly, the rise of AI-driven rule engines looks set to impact the future of process automation. Rule engines are used to simplify complex processes. It automates the transformation of ideas into decisions by taking action toward goals while setting the rules. Hyperautomation makes it easy to go far beyond all of this.

2- Integrates Apps & Teams

Being a cloud-based system, this management tool is a coding process. Beyond RPA, it can manage longer workflows and support decision-making. This system, which is more complex than Robotic Process Automation, works with the power of multiple software and technologies. In addition, integration and necessary protocols can be provided easily.

3- Faster WorkflowsĀ 

Hyperautomation saves significant time. While your employees save valuable time, they can make faster decisions, and the error rate is minimised. However, employees can focus more on work that only humans can do.

  • McKinsey reports that 2.6 trillion hours of work are automated each year in the United States. When the numbers get this high, people start to wonder about the true potential of automation and ways to improve workflows with more comprehensive systems like hyperautomation.
  • At the same time, in the coming years, hyperautomation is expected to be more than just another method you can use to improve your workflow. Hyperautomation is fast becoming the standard way of doing business. More companies are taking data-driven steps to achieve even better results with hyperautomation, placing them in a much stronger competitive position.

automation benefits

  • However, in the coming years, hyperautomation is expected to be more than just another method you can use to improve your workflow. Hyper-automation is fast becoming the standard way of doing business. More companies are taking data-driven steps to achieve even better results with hyperautomation, placing them in a much stronger competitive position.

4- High ROI

McKinsey reports that in the US alone, businesses are spending $2.7 trillion on the jobs most suited to automation. Any business that wants to make more profits and increase its growth rate can benefit from hyperautomation.

  • Hyperautomation offers unlimited possibilities to take much more predictable steps and maximise efficiency in certain areas. It can be used in many different ways, depending on the nature and requirements of the job.
  • The banking and financial world uses it to assist with the unlimited data processing they have to complete on a daily basis. The healthcare industry is leveraging hyperautomation to process critical information about countless patients and manage their inventories in hospitals. Accountants and auditors use it to eliminate the need to prepare excel sheets and the manual writing process.
  • Any business that has to deal with large volumes of data can use hyper-automation to save time and increase employee productivity by avoiding repetitive tasks. As a result, they can create a systematic approach to automation that helps them approach their agility goals.

5- Fewer Errors

While human-powered workflow processes are much more prone to errors, this situation is different in systems supported by hyper-automation. As long as certain integrations and controls are provided, the workflow process is carried out with fewer errors.

Hyperautomation at Its Best: Meet Autom Mate

Autom Mate, one of the giants of the automation world, is officially rewriting the rules in the field of hyperautomation as well as in the field of automation. It is ready to serve you to take your business to a much better level with the hyper-automation tools it has put on the stage with many different innovations and developments. If you want to automate your business processes and meet the world of hyperautomation with Autom Mate, one of the most important names in the industry, you can register now.

RPA Use Cases: 8 Industries That RPA Transforms

In todayā€™s digital era, many industries rely on automated systems. This is mainly caused by technological developments that build faster corporate infrastructures and higher customer expectations.

rpa use cases

Automated systems are faster, more reliable, and more efficient than conventional workforce structures. The most commonly-used automation technology, RPA (Robotic Process Automation), is easily adopted by many industries. Thanks to machine learning and AI, the adoption rates are becoming faster and faster.

Image Source: Gartner

Almost every industry relies on RPA, which creates new use cases for the technology every day.

In this article, we will analyze RPA and its use cases to show that RPA-supported automation systems can be used in various sectors, not just in the software development sector. So, let’s start with the definition of RPA.

First Things First; What is RPA?Ā 

Robotic process automation (RPA) is a software technology that makes it easy to build, deploy, and manage software robots that perform the tasks performed by employees. Briefly, RPA allows industries to automate tasks across various systems. A business that implements RPA can automate its entire repetitive workflow, infrastructure, and other backend processes, which are mostly labor-intensive and time-consuming.

Now let’s look at the RPA use cases in each specific sector and the advantages of that sector.

RPA Use CasesĀ 

Thanks to its ever-growing ecosystem and customizable nature, RPA has many use cases among countless industries. Here are the most popular use cases of RPA.

1- RPA in Telecommunication

Telecommunication companies should be fast, up-to-date, and spend fewer resources on services due to the nature of their work system and the highly-competitive environment. However, in this digital era, rapidly developing technology and changing society force telecommunication companiesā€™ resources and push them to their limits. They can use RPA to reduce costs, improve productivity, and provide better customer service to prevent outsourcing their company. With RPA, telecommunication companies can develop first-call bots and solve a lot of problems without any real employee interaction. Also, these bots can work 7/24, reducing costs and offering better customer service.Ā 

2- RPA in Banking

In the banking sector, RPA may save labour and operational costs. Automated account management processes can reduce the real employee workforce and human error. In traditional banking, these operations require a lot of data processes done by the human force. In the data processing process, human-related errors can emerge, and they affect the customer experience badly. RPA prevents these errors with advanced data processing features supported by ML and AI.

Moreover, RPA carries out these operations faster than real employees, thus enabling more customers to join the bank. In addition to that, RPA could be useful in fraud detection since it is supported by advanced ML and AI. With RPA, banks donā€™t need to worry about fraud cases and securely make transactions with their customers, which also increases customer trust.

3- RPA in Healthcare

Like in the banking and telecommunication sectors, hospitals also do a lot of data processing tasks, such as maintaining medical records of patients, entry processing, and claim processing. These data processing tasks could decrease the efficiency of the healthcare industry if they are not performed and updated regularly.Ā 

rpa in healtcare

On the healthcare front, RPA can create wonders when combined with AI. Since RPA has advanced and accurate analysis systems, it can make more accurate predictions about data according to patientsā€™ symptoms.Ā 

However, these tasks require a lot of human workforce. If an RPA-supported automated system is used in these tasks, the healthcare industry can reduce costs and provide better customer service.

Ā 

4- RPA in Finance

With RPA, the finance sector can use the automated task for various tasks such as managing customer accounts, creating various reports, migrating data between accounts, and updating loan and mortgage data. On the other hand, finance companies can develop trading bots for solving the problems of customers in real-time. These bots can solve problems by themselves, gather data about customer needs and send critical errors to developers. So, RPA increases the speed of transactions and customer experience while reducing costs in the finance industry, which makes it mandatory for the finance industry.Ā 

5- RPA in HR

RPA can help streamline the process of recruitment considerably. Almost %80 of the recruitment process consists of repeated data analysis tasks such as organising applicantsā€™ data, deleting irrelevant data, categorising applicants who have a chance to be taken, and more. These tasks are seemingly easy to do, but they take a lot of time when performed by the human workforce.

With RPA, companies can use bots to do these tasks and decrease the amount of workload from real employees. Thanks to these RPA-supported bots, companies can call more people to interview and increase the chance of finding the correct employee.Ā 

6- RPA in Customer Service

In todayā€™s digital era, customers want fast and correct responses. To catch the times, companies take advantage of RPA and develop customer service bots to give faster, better, and errorless service. Customer service tasks are low-level and require little skill to do. Therefore these skills can be done by bots easily. Using an RPA-supported bot allows customer needs to be fulfilled faster, less costly, and without error, improving the customer experience.

7- RPA in Data Collection & Analysis

The data analysis part is the most significant part of all sectors. Without data, most of the sectors canā€™t develop anything or provide any service. Therefore, a lot of sectors invest in data analysis teams, apps, and platforms to get the most advanced data analysis. However, this process is very costly for most companies because of the high maintenance cost and time needed. RPA contains ML and AI technologies; therefore, it can analyse any type of data faster than apps and humans. RPA obtains data from different data types, such as handwriting, CSV, and image recognition. Therefore, with RPA, companies increase their data processing power and work more efficiently.

8- RPA in Insurance

In the insurance sector, automated systems are critical since most tasks are repetitive. These repeated tasks decrease the company’s efficiency and may cause the loss of future customers. Therefore, using RPA in insurance can increase the efficiency and success of insurance companies. They can use RPA in processing claims and form registration processes. RPA-supported bots can do these tasks much faster than employees and increase customer satisfaction. So, using RPA in insurance companies provides a better customer experience and increases the companyā€™s profit.

RPA, Advanced: Meet Autom Mate

RPA is very powerful, but the real magic happens when it is combined with AI and ML. As a company thatā€™s obsessed with automation technologies, we brought RPA one step closer to the future with AI and ML.

With Autom Mateā€™s drag-and-drop, web-based interface, almost every branch in a company can leverage the latest automation technologies. The best part is that Autom Mateā€™s marketplace contains hundreds of ready-to-use, proven-to-work automation flows.

Autom Mate aims to create an autonomous system for all processes in business tasks. In short, Autom Mate provides an automation robotics solution to business processes to increase the efficiency, success, and speed of the company with fewer costs. See how Autom Mate integrates and automates many business processes on our website.

5 Reasons Why Finance Automation is Essential for Growth

Nowadays, the financial industry can no longer be regarded as being independent of automation. Finance automation is one of the most heavily funded industries, and the pace is rising.Ā 

finance automation benefits & use cases

Accenture estimates that 80% of financial operations could be automated, freeing up financial experts from routine jobs that take up 60ā€“75% of employee time. In order to standardize procedures, save up staff time, and enhance all crucial financial KPIs, the study “Digital Finance beyond the Hype” contends that CFOs are actively investigating robotic process automation & AI. The report includes a global logistics supply chain firm which enhanced efficiency in the process from 1% to 80% with the introduction of systems that use RPA (Robotic Process Automation) to produce accurate documents in place of the documentation that is so frequently laced with anomalies due to the significant amount of manual input traditionally involved.Ā 

Additionally, Deloitte argues that the time savings of automation are what enable financial professionals to spot optimization possibilities, vastly increase cash flow, and collaborate across the board to find and address performance gaps.

According to Gartnerā€™s report, investing in greater automation technologies come in third in ways of combatting inflation.

You have the opportunity to build and scale your business while simultaneously creating internal assets and skills through process automation. Here, we examine the most beneficial areas where businesses from the financial services industry have found this to be a big success. Letā€™s dive in!Ā 

automation-in-finance

Benefits of Automation in FinanceĀ 

The benefits of finance automation are numerous, but here are just a few: increased accuracy, better customer service, and reduced costs. Here are the top benefits of finance automation:

1- Saving Time

Account reconciliation and variance analysis are two manual activities that can take a lot of time and effort. There is no longer a need to carry out tasks manually thanks to modern accounting systems.

2- Ensuring Greater Consistency

Despite widely accepted best practices, many individuals of the finance team have unique methods for accomplishing tasks. Even common practices like double-entry accounting might vary from person to person. Process automation improves team cohesion and lowers the likelihood of errors and information gaps.

3- Reducing ErrorsĀ 

By automating data gathering, it is possible to have complete insight into all the moving parts of the financial pipelines, such as contracts, invoices, and vendor data, without having to switch between several programs or manually sort the data.

4- Enhanced Collaboration

Make it simple for anybody to submit a request, and make tracking, viewing, and reporting even easier. Your operations will be more consistent thanks to customized form fills, and you’ll have less to worry about every day thanks to triggered emails and notifications.

5- Simple Implementation

New-age automation solutions are remarkably easier to install in comparison to complex systems that require a dedicated workforce. For example, Autom Mateā€™s AI-driven RPA solution works with no code, which makes it extremely easy to set up.

How Automation Improves Finance Process ManagementĀ 

Let’s examine some finance automation use cases together:Ā 

1- Customer Onboarding

Banks’ client onboarding procedures are quite difficult, largely because various identification papers must be manually verified. For such document validations, Know-Your-Customer (KYC), a crucial step in the onboarding process, necessitates considerable operational work. The RPA program may input customer information from their papers and organize it into a report using optical character recognition. The management can view the final report generated by the RPA solutions and decide after doing so. The RPA bots will immediately input the data into the customer profile for final creation after gaining the manager’s permission.

2- Invoice Management

Recognising text from scanned PDFs and producing invoices automatically is not a new concept. However, it has been slow to catch on because of the high cost of OCR software and hardware, but with new-age automation platforms, it comes as a perk. Thanks to end-to-end automation platforms, companies donā€™t have to invest in OCR software, which means that organizations can reap the benefits of automated invoicing without breaking their budgets.

3- Expense Management

One of the riskiest jobs in the financial services sector is managing payments. You may automate the receivables and payables process by deploying RPA. You must meet rigorous deadlines and provide the correct quantities of money. Typically, finance teams are responsible for managing expenses. The finance team has very little control over it and much too many individuals are involved. This covers both the money the company spends on buying assets and the costs related to business travel spent by the employees.

4- Ensuring Vendor Contract Compliance

Contract compliance in the digital world is a serious issue. It is an essential function that needs to be monitored on a regular basis to ensure that all contracts are being followed to the letter. This can be a tedious and time-consuming task, but luckily, AI-driven RPAs can handle the process automatically.

5- Credit Card Application Processing

Another application area where banks have achieved outstanding success is RPA-enabled automation for processing credit card applications. Customers can receive credit cards within hours because of RPA. RPA Bots can easily move across several systems, evaluate the data, do a number of rules-based background checks, and determine whether to accept or reject an application.

The Future of Finance is Here: Automate & Integrate with Autom MateĀ 

The web-based design studio Autom Mate enables quick automation without the need to install any additional software from any location.

To automate cognitive activities, just drag & drop ML models into your flows with Autom Center. Data science knowledge is not necessary for this step. Start using it right now by easily accessing it from the browser. Through the Drag-and-Drop Editor, processes may be created and executed relatively rapidly. The action you wish to utilize may be moved from the left menu to the design centre by dragging it there. Use the Reporting & Orchestrating tools to manage all your Design and Manage requirements without the need for additional dashboards or add-ons.

  • The Autom Mate Enterprise Integration Platform offers hundreds of pre-configured integration bots that can quickly connect internal and external applications.
  • Actions in the Autom Center UI Recorder may operate, fill out forms, create reports, enter data, and compare it in an application interface much as a person would.
  • Building data pipelines using datasets, joining and transforming datasets, and creating predictive models are all simple with Autom Center. Autom Center uses well-known encoding techniques to automatically fill in missing values and transform non-numericĀ 
  • Input into numerical values to assist in the feature engineering process. Users may also develop new features using built-in visual recipes, code, or formulae to add extra signals and boost model accuracy. Engineering steps are included in recipes at Autom Center storage for reuse in scoring and model retraining after they have been developed.

With cutting-edge integration and AI technologies, you can start automating your financial procedures right now! Automation in banking has never been easier!