Banking Frontiers

RPA links digital channels to traditiona­l systems

Gyanendra Singh, Chief Technology Officer at Aviva India, shows how the company excels at RPA through governance based implementa­tion and pragmatic vendor selection:

- Ravi@glocalinfo­mart.com

Ravi Lalwani: In which products and processes is RPA making the biggest impact in your organizati­on?

Gyanendra Singh: Robotic Process Automation (RPA) is my favorite topic and it is close to my heart as I developed a successful in-house RPA platform in my last organizati­on in 2016-17.

RPA has been i nstrumenta­l i n transformi­ng several critical processes across various products and services. One of the areas where RPA has made a substantia­l impact is in policy issuance. We use RPA to connect digital channels with the legacy core insurance system. By automating routine tasks such as data entry, validation, and document

processing, RPA has significan­tly expedited the policy issuance process, ensuring faster and more accurate resolution­s for our customers.

Connecting modern technology stack with legacy core systems is a classic RPA use case. It buys us time until we can do traditiona­l system integratio­n, which is costly and time-consuming.

Which ones were easiest to implement, and which ones were toughest?

All our i mplementat­ions were remarkably straightfo­rward, u nder s c o r i ng the i mportance o f identifyin­g the right use cases. Our success lies in a meticulous use case evaluation governance system, which rigorously assesses processes against key criteria aligning with the principles of RPA. This governance framework ensures that a process is adequately suited for automation by examining factors such as its manual nature, rulebased characteri­stics, and repeatabil­ity.

The inherent ease in implementi­ng these solutions stems from the clarity brought about by this structured evaluation process. When a process aligns with the RPA philosophy, characteri­zed by its manual, rule-based, and repeatable nature, the implementa­tion becomes inherently streamline­d. Identifyin­g these key attributes in potential use cases has proven to be a linchpin in our success, allowing for the seamless integratio­n of automation solutions.

Are you partnering with a single IT vendor or with multiple IT vendors?

In our strategic approach to RPA automation, we have consciousl­y chosen to forge a partnershi­p with a single IT vendor. This decision aligns with our organizati­onal philosophy, emphasizin­g the principles of lean and agile teams. By opting for a singular collaborat­ion, we aim to streamline our processes, foster effective communicat­ion, and enhance overall operationa­l efficiency.

The rationale behind this choice lies in the belief that a focused alliance with a single IT vendor allows for a more cohesive and integrated approach to RPA implementa­tion. This approach facilitate­s a deep understand­ing of our unique requiremen­ts, enabling the vendor to tailor solutions specifical­ly to our organizati­onal needs. Such targeted collaborat­ion fosters a sense of synergy, ensuring that the automation solutions deployed align seamlessly with our business objectives.

Furthermor­e, by minimizing the number of vendors involved, we anticipate a reduction in complexiti­es associated with coordinati­on and management. This leaner vendor ecosystem contribute­s to smoother decision-making processes, faster implementa­tion timelines, and a more agile response to evolving challenges.

 ?? ?? Gyanendra Singh believes that a single vendor tie-up for the RPA process results in smoother decision-making processes
Gyanendra Singh believes that a single vendor tie-up for the RPA process results in smoother decision-making processes

Newspapers in English

Newspapers from India