Productivity Now

Insight at the intersection of automation, productivity, and technology.

Robotic Process Automation Software: Removing Closed Accounts to Save Banks Money

As the saying goes, “you get what you pay for,” but in the banking industry that can mean paying for closed accounts in mobile banking or other platforms. Typically, third-party vendors charge on a per-account basis, which means that closed accounts that aren’t purged can cost a bank money.

Whether attrition or transition, banks may have closed accounts […]

January 31st, 2017|Robotic Process Automation|

Hire the Employee of the Year Every Year With Robotic Process Automation

Robotic process automation- employee

The Employee of the Year Award goes to [drum roll, please]…

Robotic Process Automation (RPA) software!

There were many worthy candidates — LeBron James or perhaps the entire Chicago Cubs roster; or Scott Kelly, the astronaut who spent 340 days in space— but none can do what RPA software can.

• Achieve 100% accuracy every […]

January 17th, 2017|Robotic Process Automation|

On Board & On Task: RPA Software Streamlines Bank Systems for Better Loan Onboarding

 

 

RPA software

Total loan production costs, including commissions, compensation, occupancy, equipment and other expenses and allocations, rose to $7,000 per loan, according to HousingWire Magazine. Time is money in every line of business, but the very intensive processes, details and regulatory scrutiny of the mortgage industry can make it all too easy for a bank’s […]

January 10th, 2017|Robotic Process Automation|

4 Takeaways from the IRPA Automation Innovation Conference 2016

Automation Innovation Conference

Whether experts on or students of Robotic Process Automation (RPA) software, the 200 or so attendees of the IRPA Automation Innovation Conference impressed us with their focus and enthusiasm. The number of participating vendors doubled this year with the majority of companies in attendance being Fortune 200 – 500 companies. As […]

December 29th, 2016|Robotic Process Automation|

Could “Chatbots” Be the Next Big Thing in Banking?

Chatbots-banking

Financial institutions have come a long way in the past decade through the development of technology to help navigate through the perilous sea of business and regulatory demands. However, despite the progress, banks continue their efforts to increase connections with customers. That’s why many financial institutions believe that automated tools called “chatbots” will surpass phone […]

December 20th, 2016|Robotic Process Automation|

Hire the Right Product for You: RPA Software Increases Bank Efficiency, Removes Mundane Tasks

Business team sitting at the table and discussing a new project. Business concept.  Flat style illustration. EPS10. Contains transparent objects

In studying customer choice, Clayton Christensen, professor at Harvard Business School, asserts that when customers buy a product, they are essentially ‘hiring’ it to get a job done. This leads to the critical question all banks […]

December 13th, 2016|Robotic Process Automation|

Using RPA Software to Expand Your Bank’s Operational Horizons: Increasing Use Means Speed & Savings

Using RPA Software to Expand

Robotic Process Automation software (RPA) is like the good “Terminator,” except this is business, not a post-apocalyptic movie plot. Our automaton not only helps you survive, but also thrive in the demanding world of finance. In fact, KPMG concluded in its white paper, “Rise of the Robots,” that RPA can […]

November 29th, 2016|Robotic Process Automation|

RPA Software: Knowing Is Half the Data Operations Battle

Finance system concept with bank and investment flat icons vector illustration

The banking industry has gone through huge business revolutions in the last five to six years — sees the Dodd-Frank Act — which have added even more weight to banks’ data and the urgency with which they manage that critical information. This brings up […]

November 15th, 2016|Robotic Process Automation|

Healthcare Revenue Cycle Management: RPA Helps Keep the Processes Flowing

 

 

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One of the most important topics in the healthcare industry today is ensuring all healthcare practitioners and staff are paid for their efforts. In order for everyone to be reimbursed correctly, there are many steps to go through. Each provider needs to be able to bill, adjudicate claims efficiently, verify payees, etc.  All […]

November 8th, 2016|Robotic Process Automation|

RPA Raises Performance of Overdraft Protection Tool to Boost Bank Benefits

Businessman on lightbulb balloon with arrow bar chart. Business concept

Dynamic Tool Uses RPA
Louisville, Kentucky-based BSG Financial Group provides banks and credit unions with a cloud-based overdraft protection service called CourtesyConnect/CourtesyLimit. The risk management component of the software, CourtesyLimit, creates a discretionary overdraft limit based on about 20 different algorithms associated with each checking account.

Unlike […]

November 2nd, 2016|Robotic Process Automation|