Oracle Robotic Process Automation Systems
Robotic process Automation software can be integrated into Oracle environments to help strengthen business operations by augmenting workers with software robots.
RPA software acts as a digital assistant to workers, complete with the ability to handle most of the same functions and transactions that people do.
As a result, it contributes to a company’s growth without increasing headcount, he noted. Adding workers is an expensive process, and a company that experiences or anticipates an upswing in sales can use RPA to accommodate that growth.
Software Robots in the Workforce
- In Oracle environments, RPA tools are best suited to be incorporated with Oracle Integration (OI), a cloud service that supports automation of business processes and provides prebuilt integration workflows between different Oracle applications.
- While the robotic technology can function on its own, Oracle RPA users get the most bang for their buck when it’s combined with OI.
- That’s because the cloud service also includes orchestration capabilities to coordinate the interactions of software robotswith applications and human workers as part of processing workflows.
- Pairing the two also helps OI users with task automation. Via more than 100 adapters built into OI, RPA products are able to work with Oracle ERP Cloudand other Oracle applications, plus non-Oracle ones like Salesforce and Workday — both in the cloud and on premises.
RPA Use Cases and Applications in Businesses
One business use for RPA is speeding the monthly financial close in companies. The record-to-report time as “mission-critical to finance and accounting.” The average business takes three to eight
business days to close their monthly books. By comparison, an Oracle RPA system that eAlliance helped a client deploy can perform this task in 12 hours.
Another RPA installation can do bank statement reconciliations in an hour, he added. Software bots can also run reports on business operations during the night, allowing executives and other end users to access the reports at the start of the business day and preventing potential reporting bottlenecks during normal working hours.
Use RPA to create a digitized version of the end-to-end workflow for processing transactions. When that’s done, business managers are able to more easily monitor transactions. This can help them determine where workflow bottlenecks may occur and how they can be dealt with quickly and efficiently.