Enterprise organizations face a daunting challenge in complying with increasingly stringent regulatory compliance standards regarding oversight of third-party relationships. These regulatory struggles are applicable across every industry from healthcare to financial services
Process Automation directly addresses some of the key imperatives of regulatory compliance. In contrast to a human worker, a process automation solution not only performs a process function exactly the same way every time, it provides a more detailed and sustainable audit log of activity – an essential criterion of compliance readiness.
Process Automation solutions are software platforms that use “virtual robots” to manipulate existing application software in the same way that a person processes a transaction or completes a process. By performing rote and routine functions faster, cheaper and more efficiently than human workers, process automation tools offer the potential to drive significant cost savings.
Another advantage of process automation is that tools can be easily scaled as well as quickly reconfigured or “taught” to perform a wide range of functions – ranging from invoice reconciliation to document review to data consolidation –without any need for training.
Finally, by altering the fundamental premise of labor arbitrage, process automation redefines how sourcing location decisions are reached. This makes onshoring increasingly viable from a cost standpoint – and gives organizations operating in high-risk offshore locations an additional lower-risk sourcing option.
It is contingent on the complexity of the process & the quantity of robots, however it is usually anywhere between 1 week to 1 month.
Almost all of FlexBot's digital robots are run locally on your systems & are only connected to networks that you authorize.
Flexbot was built with your digital transformation journey in mind & will work with almost all softwares, online & offline.