COVID-19 accelerates automation adoption for Digital Process Operations (DPO): EXACTO™ gains significant traction

Covid-19 is accelerating the adoption of automation technologies in a range of end user industries. EY recent research with business leaders consistently points to businesses looking to ramp-up investment in automation as they prepare for a post-crisis world. It’s becoming increasingly likely that one of the biggest beneficiaries from changes to the workplace post-covid will be automation technologies.

The initial phase of Covid has been focused on “keeping the lights on” and a phase of activity concerned with business “resilience” or survival. This has played well to EXACTO’s ability to deliver automation solutions that are robust, tried and tested, and all delivered very quickly. As the focus shifts from operational necessity into “the future of work” and the “new normal” eventually the approach to automation technologies will have to become more strategic.

Key Highlights on EXACTO™ deployment by TechMarketView (TMV):

  • Automating financial statements for accounts preparation across balance sheets and profit and loss accounts for up to around 190 different fields
  • Invoice and Purchase Order (PO) capture and processing has been automated by EXACTO to help improve the Accounts Payable cycle with 70-80% accuracy
  • EXACTO™ automated Know Your Customer (KYC) process helps the onboarding of new customers and speeds up account opening process
  • EXACTO™ signature matching from customer cheques against those held in a Bank’s database, offers confidence levels well above the human eye