• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer
Hartman Executive Advisors

Hartman Executive Advisors

Business & IT Strategy Consulting Firm

  • Business Strategy Consulting
  • IT Management Consulting
  • IT Strategy Consulting
  • Risk Management Consulting
  • Telehealth
  • About
    • Careers
    • Community
    • Our Team
    • Testimonials
  • Services
    • Business Strategy Consulting
      • CIO Consulting Services
      • CISO Consulting Services
      • Interim Executive Placement Services
      • M&A Advisory
      • Telehealth Consulting Services
      • IT Coaching & Mentoring
      • Organizational Development
      • Process Engineering
    • Risk Management Consulting
      • CMMC Compliance Services
      • Cyber Risk Assessment
      • Governance, Risk and Compliance
      • Incident Response Planning
      • IT Due Diligence
    • IT Management Consulting
      • Change Management
      • IT Portfolio Management
      • Vendor Selection & Management
    • IT Strategy Consulting
      • Core Banking System Selection
      • FinTech Consulting Services
      • IT Strategy Assessment
      • Software Evaluation
      • Software Selection
      • Virtual Event Technology
  • Industries
    • Construction
    • Education
    • Financial Services
    • Government Contracting
    • Healthcare
    • Human Services
    • Manufacturing, Retail & Distribution
    • Nonprofit & Association
    • Real Estate
    • State & Local Government
  • Resources
    • Blog
    • Case Studies
    • eBooks
    • Executive Technology Survey Results
    • Maryland CIO Roundtable
    • Speaking Engagements
  • Contact Us
(410) 587-0064 Request a Consultation
(410) 587-0064 Request a Consultation

Robotics Process Automation (RPA) — Enhancing Organizational Efficiency

February 15, 2021 by The Hartman Team

Hear from Wade Barnes, Financial Services Practice Lead, on how robotics process automation can enhance business productivity and efficiency.

Video Transcribed

Hi, I’m Wade Barnes, Financial Services Practice Lead with Hartman Advisors.

As one of the oldest professions in modern times, financial services companies are burdened by legacy applications that do not communicate efficiently between one another. While Fintechs have solved many technological voids in the industry, many of these platforms don’t integrate with the core.

According to industry standards, it takes approximately 13 steps to change an address. While these steps are occurring, how does this impact customer experience? If a customer leaves a branch after changing their address and goes directly across the street to get gas, and enters a zip code they just updated, is the transaction denied?

Even if there isn’t customer impact, these steps are often manual, laborious, prone to human error, and are overall, inefficient. Most organizations report that over 80 percent of their processes are not fully automated, which accounts for a significant portion of back-office staff.

To get started identifying your organization’s state of automation, have each department identify all routine processes and rate them as being either fully automated, partially automated, or manual. Next, indicate the amount of human effort required to complete the non-automated processes as high, medium, or low. Prioritize the processes that are partially automated, with high level of human effort as a starting place.

Oftentimes, processes are stuck in this category, because integrating two disparate systems is either not possible, or is cost-prohibitive — requiring human intervention. A simple solution to this problem is to leverage robotics process automation, known as RPA. RPA can learn the tasks that a human performs between multiple systems and can automate this on a repetitive basis.

The Hartman Team works with many organizations to integrate systems, or to drive process automation to enhance organizational efficiency. If this is a priority for your organization, we’d love an opportunity to discuss how we can help you navigate this journey. Reach out to us!

We look forward to customizing a right-sized approach to enhance efficiency for you and your team.

Filed Under: IT Strategy

Primary Sidebar

Types

  • Article
  • Press
  • Vlog
  • Webinar

Topics

  • Associations & Nonprofits
  • Construction
  • COVID-19
  • Cybersecurity
  • Digital Transformation
  • Education
  • Featured
  • Financial Services
  • Hartman News
  • Healthcare
  • Human Services
  • Interim Executive Placement
  • IT Due Diligence
  • IT Management
  • IT Strategy
  • Leadership
  • Manufacturing
  • Mergers & Acquisitions
  • Real Estate
  • Risk Management Consulting
  • State & Local Government
  • Strategic Services
  • Systems & Software
  • Telehealth

Related Blogs

Senior Living Technology Trends

Senior Living Technology New Year’s 2023 Resolutions: What Trends to Watch for  

January 27, 2023

The effect of globalization has catapulted the need for digitization. For senior living providers to remain competitive, they must stay on their A-[...]
Read More

Smart city

The Future Of Smart Cities & Steps Small Cities Need To Take To Get There

January 18, 2023

More than half of the world's 8 billion people live in cities, generating more than 80% of the global GDP. Today, cities are getting smarter. The [...]
Read More

Nonprofit Professional on the phone

Leveraging Data-Driven Analytics To Drive Mission Impact Throughout The Nonprofit Sector

January 11, 2023

Mission impact is an important metric for nonprofit organizations, but are nonprofits leveraging the tools they need to reach mission goals and [...]
Read More

Footer

It's Time to Reach Out
Are you ready for independent IT Leadership?
Contact Us

Hartman Executive Advisors

1954 Greenspring Drive Suite 320 Timonium, MD 21093
410-587-0064

Services

  • Business Strategy Consulting
  • Risk Management Consulting
  • IT Management Consulting
  • IT Strategy Consulting

Resources

  • Blog
  • Case Studies
  • eBooks
  • Executive Technology Survey Results
  • Maryland CIO Roundtable
  • Speaking Engagements
Sign Up for Our Newsletter
Subscribe to Hartman Executive Insights
  • This field is for validation purposes and should be left unchanged.

© 2023 Hartman Executive Advisors · Powered by 321 Web Marketing · Website Privacy Policy & Terms of Use