How to revolutionize risk management with RPA

“During the late 19th Century, the Pony Express revolutionized the delivery of business communications by transporting mail between Missouri and California in as little as ten days, a full two weeks faster than any alternative method.

“Contracts, commissions and correspondence could be in the hands of business partners across the country and returned, complete, before a month had passed. While telegraphs and—soon—telephones could exchange messages almost instantly, it would be decades before there was a faster way to get paperwork from one office to another across the country.

“It seems quaint now, in the age of digital signatures and email attachments. Technology has accelerated and business has kept pace, shifting to embrace new ways of working that reduce timeframes and shrink distances.

“We wouldn’t dream of giving a contract to a colleague on horseback in the hope of seeing it back, signed, in a few weeks. Yet the ongoing development of exciting technologies easily slips past and we risk missing opportunities to make similarly groundbreaking changes to the ways we work.”

“According to Deloitte’s Global Risk Management Survey in 2020, less than a third of those surveyed used robotic process automation (RPA) in their risk management, even though almost three-quarters wanted to. With the explosion of machine learning, adaptive artificial intelligence, and large language models in the last year, now is the time to look at how intelligent process management tools like RPA can revolutionize your organization’s risk management.”

3 reasons why you should use robotic process automation (RPA)
to fortify risk management processes,
according to Thomas Kohlenbach in this PEX Network article.