RCI Financial Services has just completed an intelligent automation implementation during the COVID-19 lockdown which took eight weeks, from identifying the best opportunities for automation and selecting the right automation platform to use; through implementation and testing; to the establishment of a centre of excellence to further extend the use of the automation platform across the organisation.
IAFN have asked RCI Financial Services and their implementation advisors Teamwill to answer IAFN members about their experiences during the selection and implementation process. This is a unique opportunity to benefit from the experiences of other finance practitioners.
How to ask a question: if you have a question you would like to put to RCI Financial Services or Teamwill please send it by email to This email address is being protected from spambots. You need JavaScript enabled to view it.
You will learn:
- The benefits of using RPA as an automation tool over more fundamental system changes
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Best use cases for RPA automation in auto finance including how it can help to manage and empower a remote workforce
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How AI is used to make RPA intelligent
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How to empower and manage the roll out of UIPath across the enterprise
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Top 5 lessons learned during the implementation
About IA, RPA, UI Path (the platform); and Teamwill (the implementation team)
Intelligent Automation is a combination of Robotic Process Automation and artificial intelligence technologies which together empower rapid end-to-end business process automation and accelerate digital transformation.
Robotic process automation typically use a combination of user interface (UI) interactions and APIs to integrate and perform data transcription work between existing enterprise systems. RPA automates repetitive human tasks by emulating the same human transaction steps, mainly via orchestrated UI interactions. An RPA tool operates by deploying software script that emulates a human process/task within a workflow. This runtime executable of the RPA script is commonly referred to as “robot” or “bot.”
RCI Financial Services used UIPath as their IA platform provider. UIPath was identified as by Gartner as leading IA platform provider, with key strengths including its extensive partner ecosystem; its focus on helping customers build and scale up RPA programs; and its ability to handle complex, long-running processes, which are typically beyond the scope of RPA.
Teamwill, a consulting and system integrator company, provides the best-of-breed knowledge, innovation, and expertise in the field of Credit & Asset Finance, to help global businesses to transform successfully. The company being the flagship of the French scale-ups, is one of the European leaders for tailored solutions dedicated to credit and specialized financing services. With 450+ leading consultants and experts Teamwill supports the customers in the reengineering of their Front to Back Office processes and integrating the major vendor software solutions in distribution, granting, credit management, recovery, risk management, regulatory compliances and accounting domains.