One key component of RPA is the use of Task Bots and IQ Bots, which address both structured and unstructured manual processes and leverage machine learning. To give an indication of the rapid growth in the RPA sector, it’s estimated that the size of the global market in terms of revenues will reach around US$5 billion by 2020, which will have been achieved in just under a decade. Using software algorithms and sensors, RPA is a strong fit for any treasury department looking to strengthen their manual processes and increase operational efficiencies, enabling employees to focus on other areas within their organization where they can add real value. Robotic Process Automation (RPA) has made significant advances in Asia over the past 18 months and it’s a trend that is set to continue as more regional and local institutions invest in this very relevant technology. Morgan believes there are three specific areas that are having and will continue to have a profound impact on the future strategies of treasurers and how they run their treasury operations: robotics, virtual branches and data analytics. Rapid changes in technology have raised expectations and standards in the world of cash management both in terms of what corporate treasurers require and the solutions that banks are able to provide.ĭigitization has undoubtedly been at the forefront of this evolution, enabling the development of more innovative products to meet treasurers’ specific needs as they look to optimize performance, gain competitive advantage and ensure regulatory compliance.Īs a leader in cash management technology and the digitization of treasury solutions, J.P.
0 kommentar(er)
