FixNix Blog

Robotic Process Automation for Compliance

Feb 17, 2018 10:58:01 PM / by Shanmugavel Sankaran

According to KPMG, three classes based on the level of automation:

 Class 1: Basic process automation  Class 2: Enhanced process automation  Class 3: Cognitive automation
addresses transactional work activities that are rules-based and primarily repetitive in nature. This includes screen-scraping, macros, incorporating workflows and basic design capabilities. enables the recognition of unstructured data and aids in adapting to the business environment. enables decision support with the help of advanced decision algorithms, the evolution of these tools are generally interlinked with artificial intelligence e, natural language processing, big data analytics
and evidenced-based learning.

Areas where more RPA is happening at this point of time.

  • Accounts payables
  • Accounts receivables
  • Reconciliations
  • Fixed assets accounting
  • Supplier setup and amends
  • Purchase order management
 Payroll Management
  • Payroll accounting and processing
  • ComplianceSettlements
  • Travel desk
  • Attendance tracking
  • Reporting
  • Data processing
 Information Technology
  • IT helpdesk
  • Data center management
  • Infrastructure management

RPA for Compliance

Personally I feel Robotic Process Automation is going to disrupt the way the compliance business is taken care inside the large banking, fortune corporations.

Internal Audit
  • The Audit is a deep domain which has lots of scope to automate in different aspects of audit meant for corporation, branch, computer, IT security, manufacturing, site inspection.
 Risk Management
  • Complex risk scoring for Enterprise, IT, Security Risk and process for automating the workflows following the same
  • Changing regulation's compliance
  • Listening to the inputs from Antivirus, SIEM and many other security investments, cognitively automate the assignment
  • Automation of controls lifecycle management with cognitive listening to the regulator's changing regulations

If you want to stay put with the ever-evolving IT and BPM landscape, driven by the rapid advancement of technology, organizations are considering automation as part of their transformation equation, write to .

The challenges of ensuring execution, compliance with current trends, competitiveness, market share and relevance are paramount. FixNix with it's predictive analytics capability from ZenAnalytics is looking to help you transform with the cognitive RPA.

Topics: fixnix, Robotic, robotic process automation, RPA, automation, cognitive automation, compliance, process

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