Robot Process Automation
in Banking and Financial service
S2AI uses RPA platforms in the banking industry to organize and automate time-consuming operations. Many back-office tasks that previously slowed employee efficiency have been significantly reduced by these RPA platforms.
As a result, our customers have reduced their reliance on human resources by delegating the majority of these repetitive, manual tasks to machines. This has had a direct impact on everything from performance and efficiency to staffing concerns and expenses.
The RPA platforms we deploy help to automate, but not only , the following operational processes:
EXPERT DATA ANALYTICS AND AI
Onboarding Customers
Customer onboarding is one of the most challenging operations in the financial sector. Manually verifying each customer's identity documents takes an inordinate amount of time and effort. Furthermore, the Know Your Customer (KYC) process prolongs the process. If this is the case, RPA is the solution. Robotic process automation (RPA) bots can automate the customer onboarding process, saving time and increasing work efficiency.
Analyzing Performance
Analytics are an essential component of effectively managing business performance. From that perspective, the analytical solutions we deploy can assist with planning, budgeting, forecasting, and accounting, enabling organizations to easily identify trends and important relationships, allowing them to respond to these trends more efficiently and accurately. It also enables organizations to improve the precision of forecasts and budgets while ensuring that all budgets and plans align with the company's overall goals.
Financal Close and Reporting
The financial close process is an integrated process that includes ledger finalization, data collection, calculations and adjustments, and reporting. Among the most significant challenges that corporations face during the Close process (month-end or year-end close) are: Managing large datasets and their complexity. Responding to regulatory changes Accommodating shifts in business strategy, – e.g., M&As or leadership changes. etc... Our mission is to assist our customers in identifying sub-processes that can be partially or fully automated in order to reduce their reliance on spreadsheets and manual processes as much as possible.
Loan Applications Processing
It's worth noting that the Above industry issues stem primarily from insurance's over-reliance on manual processes. Customers are left with seriously unsatisfying experiences as a result of these problems