Intelligent Automation (RPA + AI/ML) is certainly bringing a paradigm shift to the way we conduct our businesses with the most recent developments in perceptual automation technologies. Today's Intelligent Automation is fueled by a variety of useful, experience-based business insights. C-suite executives are anticipated to continue leading organizational-wide activities for the implementation of Intelligent Automation.
Manual portfolio valuation is no longer pertinent for any asset management firm. Investors and regulators now demand crystal-clear information on the performance of their portfolios frequently. Therefore, creating reports using a manual, antiquated procedure is a laborious, time-consuming task. Due to the constant movement of portfolio firms and the growing volume of data, it can be challenging and time-consuming to acquire data from the finance departments at each organization with high accuracy.
Automation starts when the emails received trigger the bot.
STEP - 1
The Bot segregates emails based on subject, sender, and once containing pdfs/links.
STEP - 2
The Bot then downloads the month-end statements received from different portfolios through mail or by accessing the website through hyperlinks and login credentials.
STEP - 3
These statements are sent to the OCR/ML engine, which captures the required information from the documents.
STEP - 4
The information is in turn picked up by the Bot and is keyed into the Fund Management Application into the appropriate fields.
STEP - 5
Make an API call to upload the downloaded statements into the CRM system for document management.
STEP - 6
Emails are moved to the processed/incomplete folder based on the status.
STEP - 7
Exceptions are retried and logged in execution logs respectively, and the same is updated in the execution report.
STEP - 8
Final execution reports are prepared and notified to the client via email.
Processing 4x more funds in portfolio valuation using Intelligent Automation
85% time savings in portfolio valuation through Intelligent Automation
Time taken to process
Before Automation 2+ hours
After Automation 15 minutes
Time saved is repurposed more
on core operational areas
The Bot works in a 24/7 manner so that investment value is reflected without any delay.