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Nividous Hyperautomation Ebook PDF
Nividous Hyperautomation Ebook PDF
Advancements in automation technologies such as robotic process automation, artificial intelligence, and business process automation tools are
gaining increased attention from business leaders to overcome these challenges.
These technologies are causing a fundamental shift in the way organizations operate. But the transition is challenging. Businesses are not able to
figure out the right set of digital technologies to affordably meet their organization’s automation needs and successfully achieve their
transformation goals.
01
Different Approaches for Business Automation
Businesses need a well-thought-out approach to embrace digital transformation and succeed as they navigate competing priorities. Let us take a
look at the available automation approaches.
02
Why Businesses Need to Adopt a Holistic Automation Approach
Before embarking on any automation initiative, companies must understand which technologies solve what type of problem, and the strengths and
limitations of each.
RPA-enabled software robots automate rules-based, tactical tasks but are not capable of learning and improving on their own. Artificial intelligence
applications, on the other hand, are great at learning from large volumes of labeled data, and when used with RPA, can automate more processes
with better accuracy and speed. However, both technologies cannot deliver complete visibility into end-to-end processes. BPM can seamlessly
connect the dots enabling an effective orchestration of processes and work between humans and Bots.
One technology can’t solve all of the challenges. Automation needs a holistic approach.
Businesses should adopt a holistic approach with the following combination of automation technologies to overcome
mentioned business challenges and successfully optimize any given process for digital transformation.
03
Why Businesses Need to Adopt a Holistic Automation Approach (Continued)
Let us understand this better with an example of the loan origination process.
04
Why Businesses Need to Adopt a Holistic Automation Approach (Continued)
RPA and AI/Cognitive Capabilities Can Add Significant Value
05
Why Businesses Need to Adopt a Holistic Automation Approach (Continued)
End-to-End Process Automation Combining RPA, AI, and BPM Leads to Human-Bot Collaboration
and Visibility
Enhanced visibility leads to
agile improvement. An ability to
add Auto Underwriting Rules is
an example of that.
Data Entry Retrieve
Retrieve
Application in Legacy Data from
System Appralsal
Auto
No Underwriting
Predictive
Account
Fraud Disbursement
Creation
Analysis
Yes Manual
Underwriting
06
Why Businesses Need to Adopt a Holistic Automation Approach (Continued)
The Possibilities are Limitless....
Purchase and
Finance and Vendor Vendor portal Vendor pricing Secure fund Intelligent Periodic Customer
sales order Journal posting Incentive claims
Accounting onboarding management comparison transfer reporting collections onboarding
purchasing
Human Employment Employee Payroll Employees Employee exit Attendance Training Employee benefits Compliance
Resources history data Tax management administration reporting
onboarding management management management schedules
verification management
Sales and Sales quote Invoice creation CRM update Intelligent Market research Social media Monitoring of
automation ERP automation Data aggregation List building competitive
Marketing and distribution automation reporting with intelligence monitoring
pricing
Inventory Demand and Contract Invoice, quote, Order Shipment Work order
Supply Supplier system/ Refunds and Freight
management supply estimation/ monitoring and and contract processing scheduling management
Chain portal integration returns management
planning enforcing management and tracking
07
What is Hyperautomation
Hyperautomation has been named as the #1 trend in Gartner’s list of Top 10 Strategic Technology Trends for 2020*.
Hyperautomation is defined as harnessing multiple advanced
technologies to achieve end-to-end automation. It starts with
robotic process automation (RPA) at its core and adds a range of
complementary and advanced technologies, including:
Artificial Intelligence (NLP, Computer Vision, Intelligent Optical
Recognition)
Machine Learning (ML)
Business Process Management System (BPMS)
Advance Analytics
Other Business Automation Tools
“Enterprise architecture and technology innovation leaders lack a defined strategy to scale automation with tactical and strategic goals. They
must deliver end-to-end automation beyond RPA by combining complementary technologies to augment business processes.”
Gartner calls this Hyperautomation**
(**Source: Gartner, Move Beyond RPA to Deliver Hyperautomation, Saikat Ray, Cathy Tornbohm, Marc Kerremans, Derek Miers, December 16, 2019.)
*Smarter With Gartner, “Gartner Top 10 Strategic Technology Trends for 2020,” October 21, 2019.
https://www.gartner.com/smarterwithgartner/gartner-top-10-strategic-technology-trends-for-2020/
08
Business Benefits of Hyperautomation
Hyperautomation involves a combination of tools and technologies to help an enterprise achieve real progress on its digital transformation journey.
The combination allows for end-to-end automation of more complicated business processes that can also include human tasks when needed. This
delivers productivity gains to more employees, improves their job satisfaction, and thereby their motivation and performance. It can also improve
customer experience, help with new customer acquisition and retention of both customers and employees. The goal is to improve the productivity
and efficiency of business processes across the enterprise.
Flexible and easy to Better team collaboration Improved visibility Ability to move beyond
integrate tools tactical automation
09
What Should be Considered While Utilizing Hyperautomation
There are very few automation vendors that are solely capable of helping businesses in their Hyperautomation journey. Generally, it requires
multiple vendors, having niche technology expertise, partnering in order to deliver solutions using Hyperautomation. Organizations’ investments in
such engagements result in a very high total cost of ownership (TCO) that can include unreasonably high implementation and licensing costs, with
a low return on investment (RoI). Furthermore, many automation projects fail due to short-term planning and gaps between a customer’s
expectations and the vendor’s ability to deliver.
Following are some of the key considerations that businesses should look for while evaluating vendors that claim to deliver Hyperautomation
capabilities.
Mature robotic process automation and AI Low dependency on third party vendors/tools to
capabilities for automating complex processes deliver intelligent automation
Ability to build a ‘Centers of Excellence’ for enabling Transparent licensing models that allow
end-to-end automation businesses to realize rapid RoI
10
Nividous Platform – Out of The Box Hyperautomation Functionality
Nividous’ Hyperautomation platform includes very powerful traditional robotic process automation (RPA) and artificial intelligence (AI) capabilities. In
addition, the Nividous platform offers business process management system (BPMS) capabilities. All of these components of Hyperautomation have
been developed natively and are well-integrated within the platform. This combination of technologies allows for very sophisticated processes to be
automated end-to-end, and provides an easy to use analytics and dashboarding module for real-time monitoring and reporting of business data.
11
Nividous Platform – Out of The Box Hyperautomation Functionality (Continued)
Key Differentiators of Nividous’ Hyperautomation Platform
In-built capabilities with robust Mature and proven native On-device data extraction
human-Bot governance to AI/Cognitive capabilities for involving field workforce
automate end-to-end processes intelligent document processing
Guaranteed, outcome- based Transparent licensing models Enterprise grade scalability and
Quick Start program (perpetual / subscription) with no security
hidden costs
12
Nividous Quick Start Guarantee
Production Roll-out of a Trained RPA Bot in 3-4 Weeks
Nividous Quick Start Guarantee is designed to expedite the adoption of robotic process automation. Our professional services consultants work
closely with clients to deliver a trained Nividous RPA Bot and roll it out into production within 3-4 weeks. Nividous also creates a case for
enterprise-wide adoption of Nividous RPA by developing a strategic roadmap.
Includes Benefits
Guaranteed production roll-out No/Low risk way to assess the benefits of RPA
Fixed price Great way to start or re-start a program
Upfront workshop and professional services Highlight the technical and capabilities requirements
Nividous RPA Software: Get key stakeholder buy-in by proving RoI
1 year subscription of Nividous RPA Bot *Conditions apply Allow creation of strategic roadmap
13
Nividous Quick Start Guarantee
Production Roll-out of a Trained Nividous RPA Bot in 3-4 Weeks (Continued)
3-4 Weeks Engagement Process
Workshop Scoping
1-2 days 1-2 days
The team ideates and identifies RPA eligible processes, The team documents processes at key-strokes level
demonstrates Nividous RPA capabilities for them along with including activities, exceptions, business rules, input/output
sharing industry case studies and builds a business case. fields, trigger value; establishes a project plan and gets the
sign off within one-two days.
Implementation Roll-out
2-3 weeks 2-3 days
We design the workflow for process automation, set up Exceptions are captured with end-user acceptance using test
environments for development, testing and production and cases and are handled within the process. The team provides
initiate the process automation using agile methodology. hyper support while migrating to production & knowledge
transfer.
14
About Nividous RPA
https://nividous.com/product/robotic-process-automation-platform/
https://nividous.com/product/robotic-process-automation-platform/
https://nividous.com/product/robotic-process-automation-platform/
Nividous' flagship product - Nividous RPA is built on a strong foundation of user experience and with security and scalability in mind. This allows
rapid unattended, attended and AI-enabled automation that accelerates business growth allowing organizations to work at their peak efficiency
with rapid RoI and lowest TCO.
Nividous RPA is one of the very few platforms that offer key Hyperautomation capabilities out of the box. RPA, Business Process Management and
Artificial Intelligence, the key components of Hyperautomation have been developed natively within the platform. This combination of technologies
allows for very sophisticated processes to be automated to free human workers from repetitive, mundane tasks.
About Nividous
https://nividous.com/about-us https://nividous.com/about-us
https://nividous.com/about-us
https://nividous.com/about-us
https://nividous.com/about-us
https://nividous.com/about-us
https://nividous.com/about-us
https://nividous.com/about-us
Nividous helps you to unleash the true potential of your workforce by humanizing work with its Hyperautomation platform.
The Nividous leadership team has decades of experience delivering hundreds of digital process automation solutions in companies and
organizations of various sizes around the world.
Leveraging its tremendous domain expertise, the Nividous team offers vertical solutions that are RPA and AI-enabled and built on configurable
process automation capabilities to empower businesses to operate with flexibility and agility. Nividous also offers end-to-end professional services
that include process discovery, implementation, support, and building Centers of Excellence (CoE).
Get in touch
www.nividous.com contactus@nividous.com +1 (442) 444 2767
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