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Loan Application Processing
Process Background
Title document is sent to loan analyst to be keyed into a loan account and sent to downstream process stream via workflow
Process Inputs/Outputs
Unstructured loan documents/ loan processing system
Automation Solution
Rules applied to initial front-end processes to train the Robot to recognise actionable fields from the documents, extract key data and accept & closeout ticketing request
Benefits
55% automation
82 % RPA automation + exception handling
96% increase in quality
Processing time decrease from 60+ mins to 2 mins
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37 FTE savings
Procure to Pay (Invoice Processing)
Process Background
Third-party invoices are sent to the invoice processing queue to be validated by the A/P team
Process Inputs/Outputs
Unstructured Invoice documents
Procurement to Pay systems
Email and Workflow Applications
Automation Solution
Rules applied to initial front-end processes to train the Robot to recognise actionable fields from the invoice documents, recognise and input the necessary fields into Procure to Pay system
Benefits
60% Automation with RPA
93% improvement in quality
Decreased invoice cycle time 6-8 minutes to 30 secs (3000+ volumes)