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Robotic Process Automation (RPA)

What is Robotic Process Automation (RPA)?

Robotic Process Automation (RPA) is the technology that allows organizations to use software robots to execute specific tasks in an automated way. RPA software uses a combination of integrations, advanced technologies, and cognitive processes.

RPA robots can:

  • Automate data entry
  • Validate forms
  • Generate automated reports
  • Move and integrate data between systems
  • Scrape data from documents or webpages
  • Make calculations
  • Extract content from PDFs, emails, sheets, etc.

RPA is currently the fastest-growing enterprise technology, according to Gartner. RPA is also the core of hyperautomation, the #1 strategic technology trend for 2020.

What is the Value that RPA can Bring to Credit Unions?

Brain Icon In the United States, leading credit union organizations are investing in Intelligent Automation (IA) to boost their operations efficiency amid the economic crisis caused by COVID19.
Forward Icon RPA allows credit unions to manage surges in workload without scaling up labor.
Question Icon Credit unions face a high volume of member queries and RPA can deal with these queries at a low cost.

Challenges Faced by Credit Union Organizations

  • The need to cut costs and stay competitive
  • The need to process high volume of daily transactions
  • Possibility of human errors
  • Managing high volumes of member service requests
  • Complying with more strict and changing regulations
  • Use of multiple legacy systems
  • A wide array of manual, repetitive processes that slow operations down

How RPA Can Help Credit Union Organizations

  • Largely reduce human errors
  • Streamline and improve member service and experience
  • Accelerate complex processes like fraud detection
  • Integrate multiple legacy systems
  • Optimize processes to comply with regulations without errors
  • Keep costs down

Download the RPA for Credit Unions White Paper

360° RPA Services delivered via our partner JOLT

JOLT RPA Services

JOLT is a leading RPA services provider with a proven track record in generating sustainable client outcomes with intelligent automation solutions, making it one of the few certified UiPath Services Network implementation partners in North America. To learn more about JOLT’s RPA capabilities, visit joltag.com.

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