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Leveraging Advanced Automation Technologies: Beyond RPA with AI & BPA

Metasource

While robotic process automation (RPA) has made significant strides by streamlining repetitive tasks, it’s safe to say it’s not perfect and often falls short when dealing with more complex and dynamic processes. This improves efficiency and reduces administrative costs. That’s a hefty amount.

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What Is GRC and How to Maximize It

Automation Anywhere

GRC stands for governance, risk, and compliance. It’s a strategy for integrating an organization’s management of its governance, risk, and compliance initiatives with regulations. It can monitor user access and privileges to alert administrators when such access or actions violate compliance regulations and requirements.

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Market Recommendations for Global Payroll in 2023

Immedus

The report notes that, ultimately, application leaders must “balance hyper-automation, integration, emerging technology trends, and risk management” in their selection process. At the same time, payroll administration software vendors are increasingly taking the inverse approach by expanding their managed service options.

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Transformation Imperatives for Wholesalers and MGAs in Insurance: Exploring Opportunities to Unlock the Next Growth Phase | Blog

Everest Group

The major revenue streams for MGAs are commission paid by insurers, risk performance-based commission, and offering additional services like claim administration and inspection. This requires a commitment to investing in new ideas and technologies, as well as encouraging employees to think creatively and embrace change.

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Business process management (BPM) examples

IBM Services

A purchasing agreement between a client and vendor, for example, needs to evolve and go through different rounds of approval and be organized, accessible and compliant with regulations. Business process management examples BPM can help improve overall business operations by optimizing various business processes.