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Delivering a digital workforce, so your people can reimagine work
As the pioneer, innovator and market leader in Robotic Process Automation (RPA) and Intelligent Process Automation (IPA), Blue Prism delivers the world’s most successful digital workforce for end-to-end digitalisation and automation of manual, repetitive and time-consuming tasks that are often carried out by a companies' human workforce. By automating these firms are able to average to achieve increased efficiency of c.70% whilst being able to offer a faster, more scalable operating model and increased compliance from front office activities (on-boarding, AML / KYC etc) to back office (auditing, trade processing, fees, billing etc).
Blue Prism's solution that combines RPA, Machine Learning, AI and cognitive technologies has emerged as the trusted and secure platform of choice for the Fortune 500 and within the financial services industry. Billions of processes and hundreds of millions of hours of work are executed on Blue Prism software robots and these can be delivered as an in-house installation solution or as a full cloud and SaaS-based service.
Business Process Management & Outsourcing, Digital Platforms & Tools, Market & Business Infrastructure
As the pioneer, innovator and market leader in Robotic Process Automation (RPA) and Intelligent Process Automation, Blue Prism delivers the world’s most successful digital workforce for end-to-end digitalisation and automation of manual, repetitive and time-consuming tasks that are often carried out by a company's human workforce. By automating these firms are able to average to achieve increased efficiency of c.70% whilst being able to offer a faster, more scalable operating model and increased compliance from front office activities (onboarding, AML / KYC etc) to back office (auditing, trade processing, fees, billing etc).
Common questions asked:
What does Intelligent Process Automation encompass?
Intelligent Process Automation enables firms to digitalise and automate their business from front to back regardless of system or process. It gives firms the ability to extract any data from any format through any channel and is able to automate any process such as MIFiD reporting, valuations, client account opening, account closing, tax reporting, AML / KYC, client communications, financial process automation such as invoice processing and auditing,
Firms that use this technology typically see that the time it takes to run processes across their business reduce by approximately 70% and profits increase by between 5-10%. All without a major IT project and without needing to change any internal systems or processes that they have in place.
How widely used is intelligent process automation today?
Banks and other major financial institutions have been using it for over 20 years to automate a wide variety of processes as have thousands of firms across other industries such as retail, manufacturing, hospitality, public sector and telecoms. Most recently Blue Prism is the technology that sits behind the Covid 19 Jab vaccination program and runs all of the SMS & email communication for patients including data entry and recording to book people's appointments, monitor attendance and update as appropriate. A task that has meant that Blue Prism processes millions of activities every day that would otherwise have needed a colossal human workforce.
What are firms that use IPA seeking to achieve?
Firms are not only seeking multi-currency savings, new levels of operational agility and efficiencies, but also improving business performance, delivering more strategic value-generating roles and saving and re-utilizing billions of hours to fulfil ever greater customer demand. We are seeing transformed service delivery and quality, the faster launch and expansion of new services, effortless coping with COVID-19 lock-down via remote working, and most of all speed and scalability. IPA has been proven time and time again to save companies from all business sectors £ms per year with a typical Return of Investment within 12 months. Some of the extensive case studies and customer success stories can be found on the Blue Prism website.
Why do digital workers perform better for a number of tasks?
A digital workforce is at the heart of any intelligent automation project. A digital workforce is an AI-enabled, ever-evolving, super resource that’s business-ready, IT approved and that can be trained to deliver all process work much faster, smarter, more securely, successfully and in a more scalable way than any other. They perform ever more complex work, not just across the front, middle and back-office of a bank, but across the entire enterprise. They operate with total integrity and up to 650 times faster than people, with zero errors, 24x7.
Best practice for intelligent automation: A blend of human talent and digital workers
To gain optimal results with digital workers, having the best methodologies and human talent is key to success. Once an operating model is defined upfront, including a vision of desired outcomes backed by senior stakeholders, you can start delivering and widely communicating achievements. This allows the digital workforce to really thrive as it scales across the business, drives down operating costs and drastically lowers the cost to serve your investors.
More than 2,500 customers from a wide range of industries and around the globe trust Blue Prism to transform their business. We have 500+ clients across all areas of financial services, including institutional and retail banking, broking, private equity, insurance, asset management, wealth management and financial advice. Within financial services some of our clients include:
Blue Prism has over 350 technology and service providers and our customers can benefit from our large and growing ecosystem of solutions through the Blue Prism Digital Exchange where they can access ready-made interfaces to third party solutions to drag and drop into their internal process for rapid automation.
What’s more, you can fuel their decision-making skills by integrating AI, machine learning and OCR capabilities from the Blue Prism Digital Exchange. This doesn’t exclude your valued employees, however. In fact, they’ll work side-by-side, giving your people more time to focus on strategic, meaningful work. ...