Posts Tagged ‘process automation’

Robotic Process Automation Trading – Do Currency Business Process Automation Actually Work?

Robotic Process Automation Currency dealing robots have been the hot subject in the financial community for some time now. There seems to be a lot of different views on how great Robotic Process Automation Currency dealing is at earning money for traders. For a very extensive period, Robotic Process Automation was only available to big financial institutions and organizations, and the price for one of these automated Forex robots was astronomically high, running into the huge amount of money.

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VirtusaPolaris and WorkFusion to Deliver Robotic Automation and AI-powered Cognitive Automation to the Financial Services Sector | Business Wire

WESTBOROUGH, Mass.–(BUSINESS WIRE)–VirtusaPolaris, the market-facing brand of Virtusa Corporation and

Polaris Consulting & Services, Ltd. and a leading worldwide provider of

information technology (IT) consulting and outsourcing services, and WorkFusion,

the leading smart process automation (SPA) provider, today announced a

partnership to deliver new smart automation solutions for the banking

and financial services (BFS) market. The combination of VirtusaPolaris’

deep BFS industry and process expertise and WorkFusion’s cutting edge

platform will help clients reduce operational costs, while improving

quality, productivity and agility.

“Most financial services organizations continue to struggle with

inefficient legacy systems that have not kept pace with the change in

business and regulations, introducing gaps in process automation that

negatively impact efficiency of business operations. Many of these gaps

are low complexity high volume routine process steps and most

organizations have deployed large operational workforces, frequently

offshore, to handle these processes,” said Bob Graham, global solutions

head, Banking and Financial Services at VirtusaPolaris. “WorkFusion’s

combination of robotic and cognitive automation supported by

VirtusaPolaris’ expert consulting and implementation services allow

customers to improve quality through greater accuracy and the removal of

human error, reduce costs through rapid automation of manual tasks, and

accelerate time to market with our proven delivery approach.”

At the core of WorkFusion’s SPA software are three powerful

capabilities: workforce orchestration, robotic process automation (RPA)

and cognitive automation which, together, help organizations improve

workforce agility and elasticity and automate manual processes through

rapidly evolving AI. Robotics eliminate the manual work of operating

desktop applications and manipulating structured data, and cognitive

automation learns unstructured data tasks through human actions. As

WorkFusion automates more repetitive work, staff are elevated to

exceptions handling and higher value tasks. Clients are able to achieve

50 to 80 percent ROI within the first year.

VirtusaPolaris supports WorkFusion deployments globally through its

Automation Center of Excellence through which it provides domain

specific WorkFusion accelerators to help deliver even faster time to

market and value to clients.

“We are excited to be working with VirtusaPolaris and to bring our

combined capability to market,” Alex Lyashok, WorkFusion COO said.

“Shared services, back- and middle-office operations teams are realizing

the combined value of robotic and cognitive automation. They use our

software to improve the efficiency of processes that range from accounts

payable and invoice processing to know your customer (KYC) and claims

processing. Our partnership with VirtusaPolaris will provide clients an

even greater depth of expertise in processes coupled with the best

automation technology on the market.”

About WorkFusion
WorkFusion is the leading smart process

automation solution for enterprise operations. Global businesses in

data-intensive industries use WorkFusion to automate high-volume

business processes through a combination of workforce orchestration,

robotics, and machine learning powered cognitive automation. These

capabilities enable customers to improve customer service, increase

operational agility, and reduce costs. WorkFusion is headquartered in

New York City with offices in London and Eastern Europe. For more

information, please visit

About VirtusaPolaris
VirtusaPolaris, the market-facing brand

reflecting the combined strengths of Virtusa Corporation and Polaris

Consulting & Services, Ltd. is a global provider of information

technology (IT) consulting and outsourcing services that accelerate

business outcomes for Global 2000 companies and leading software vendors

in banking and financial services, insurance, healthcare,

telecommunications, technology, media and entertainment.

VirtusaPolaris’ solutions address the CXOs’ dual challenge of growing

revenues while improving IT cost efficiencies. VirtusaPolaris’ digital

services leverage innovative new technologies to reimagine the customer

experience, increasing retention and creating lasting value.

VirtusaPolaris’ preemptive outsourcing solutions help clients reduce

risk and improve IT operations.

VirtusaPolaris delivers services across the IT lifecycle, including

consulting, solution design, technology selection, implementation,

testing and maintenance & support, including infrastructure support.

Inheriting a strong heritage in software engineering, VirtusaPolaris is

highly qualified to both develop and maintain software, using a proven

platforming methodology and advanced Agile and Accelerated Solution

Design techniques to reliably produce results on time and within budget.

Holding a record of success across industries and unparalleled domain

expertise, VirtusaPolaris understands clients’ business challenges best

and uses that to deliver distinctive, differentiated and innovative

application of technology to solve those problems. Examples of large

business transformations completed include the world’s largest P&C

claims modernization program, one of the largest corporate customer

portals for a premier global bank, an order to cash implementation for a

multinational telecommunications provider, and digital transformations

for media and banking companies.

Virtusa Corporation is headquartered in Massachusetts, and together with

Polaris, has 50 offices across North America, Europe and Asia.

Polaris Consulting & Services is a subsidiary of Virtusa Corporation.

Copyright © 2016 Virtusa

Corporation. All Rights Reserved.

Be the first to comment - What do you think?  Posted by - June 28, 2017 at 5:18 pm

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