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Software robotics

What is our Software Robotics? What does the market look like?
Software Robotics Our Software Robotics Solution uses smart software The rule based market for automation software is
to replicate tasks and processes that are performed by fairly mature with Artificial Intelligence (AI) and
April 2016 humans. Cognitive very much still evolving.
This has become popular for transformational At one end of the spectrum you have companies
programmes because of the following reasons: that automate processes with defined business
Non-Invasive: The software is deployed on the rules, structured inputs and outputs e.g. invoice
existing technology architecture so underlying processing, standard monthly reporting packs etc.
systems/applications remain unchanged At the far end you have AI based solutions using
Rapid deployment: time to implement is weeks complex algorithms consuming unstructured
and not months inputs and data to produce an output, evolving and
Early payback: Return on investment is typically improving their performance through learning e.g.
1 to 2 years (sometimes sooner) depending on a cancer research hospital in the US has deployed
type of process and volumes which is fast when IBMs Watson solution to provide information and
compared to automating FTEs in low cost offshore analytics, enabling doctors to make a decision on the
locations best course of cancer treatment.

Software robots reduce the cost of delivery and In-between these two points are the hybrid solutions
reduce error rates by automating rule based, high that combine elements of AI on rule based processing.
volume activities. This has been the mantra for the
past 15 years in support of outsourcing/offshoring Our Software Robotics focuses on rule based
the difference now is faster implementation, even automation a practical first step towards embarking
lower costs, without the onshore / offshore debate. on a digital journey.
All of which make it a compelling proposition.

www.pwc.nl
62%
of Finance Leaders either agree or strongly agree that
the advancement of process automation will impact their
business in the next 12 24 months*. How are you positioned to adapt
to the changing environment?

Figure 1 Title How does Software Robotics


differ from traditional ERP based
automation?
The principle difference is that ERP based automation
Cognitive

is reliant on programming skills, connectivity,


configuration and extensive testing at a system/
Process characteristics

application/ERP level vs. Solutions that replicate


e.g. IBM,
AI/Learning

Watson human interaction with the system following set


business rules.
e.g. IPSoft, arago
Bespoke algorithmics
The Software Robotics route is usually quicker
Ruled Based

and lower in cost when compared to ERP based


e.g. Blue
Prism, UiPath automation including any maintenance related
& Automation
Anywhere changes.

Structured
electronics
Unstructured Unstructured
patterned Free form
Which finance processes are typically
appropriate for automation?
Input type
The following processes are the most appropriate
Source: GenFour candidates for automation using our Software
Robotics*:
Payments/invoice processing
Order management
What are the benefits of Regulatory reporting
Software Robotics? Management reporting/Board reporting packs
Time and expenses auditing
1. Rapid deployment: 12 18 weeks,
subject to process complexity Supplier simple query management
Trade processing i.e. Asset Backed Securities
2. Non-invasive: Deployed on top of your Processing, Asset servicing/Billing
current systems and applications and Data validation checks/Data migration testing
interacts as the user would, only faster
Performance reporting
and with near 100% accuracy
Master data management
3. Deployed on your architecture: There

Cost 3:1
is no need to change the underlying
systems or technology

4. Highly scalability: An easily expandable


workforce, instantly trained and
deployed; a system that can be scaled Off-shore FTE: Robotic FTE
and worked restlessly

5. Available 24/7: Capable of processing


around the clock completing the work Figure 1 Title
that, up until now, humans have been
doing. Limited only by the availability of
your systems (typically 16 hours/day)

6. Reduced costs: Overall operating costs


35% of current jobs in the
UK are at high risk of
are a fraction of an off-shore FTE computerisation over the following
7. Increased quality: Quality of outputs is 20 years
increased, no reworking required due to
human error Source: BBC Survey Will a robot take your job?
September 2015

* Source: Raconteur Media & Blue Prism


** Before embarking on any process automation all processes will undergo a diagnostic to assess its feasibility to be
automated.

PwC software robotics ...Resistance is futile, are you ready? 2


The rule based market for automation software
is fairly mature with Artificial Intelligence (AI)
and Cognitive very much still evolving.

Case study: On-boarding process Benefits Gained


Client: A leading international Service Delivery
firm delivering back office HR services through Estimated savings of between 1015 FTEs
a combination of onshore and offshore delivery of the initial 30 onboarding team members.
centres. This allowed the service delivery centre
to focus on customer facing aspects of the
Client issue: A combination of 200 onshore recruitment process
and offshore FTEs were managing the end to Processing quality improved many times over
end recruitment process for the client for its US allowing the team to focus on exception
operations and approximately 10-30 FTEs were handling and not re-work
handling approximately 19,000 new joiners/ On-boarding costs were reduced (i.e. flights,
annum. The service delivery centre was tasked training., hotels, IT) due to improved quality
with a do more with the same challenge by the of data accuracy
governance board. Due to cost pressures there Improved reporting through the software
was no budget available to increase the size of the tool enabled the team to identify trends in
team. exceptions and bottlenecks. This enabled
further successful process improvement
Approach: projects
Assessment: We undertook an assessment of
all the key recruitment processes in terms of
volume, complexity, effort hours to identify
a short list of processes that would benefit Our approach
from our Software Robotics Solution and we PwC has a tried and tested methodology as part of our
agreed with the client to undertake a Proof of transformation toolkit to provide a comprehensive
Concept (PoC) for the on-boarding process. solution to our address our client needs. We have
Proof of Concept (PoC): A joint team of client deployed this within our Shared Service centre and
process owners and our software robotics team is now integrated into our Global Shared Services
worked through several workshops and the and outsourcing methodology the diagram below
team mapped in detail the separate activities outlines the key components:
for the on-boarding process.
Solution: The design, build and testing of the
automated solution was performed off-site
within the clients test environment. It took a
total of 10 weeks elapsed time to deploying the
solution on the client environment.

This methodology is for an end to end deployment for


our robotic software solution, however for enterprises
looking to pilot this technology, we focus on the
ASSESS phase to identify the short list of processes,
technology and business case for deployment.

PwC software robotics ...Resistance is futile, are you ready? 3


Our point of view T o get the most out of Software Robotics you have
Adopting a software robotics solution is the first to think holistically
step towards embarking on a Digital Finance Businesses have experienced a reduction in
transformation its not a question of if but when. operating costs through deployment of Software
Robotic solutions. However enterprises that adopt
Our observation in the market is as follows: best in class process characteristics in parallel
We are only at the beginning of the Software will experience enhanced gains across cost and
Robotics revolution quality metrics performance.
Software Robotics has a foothold in Industry, but Dont forget about your sourcing strategy!
we are only at the beginning of a journey to fully If you have an existing SSC infrastructure you
understand its potential. Technology is advancing should deploy Software Robotics. If you are
at a rapid rate, standing still and not investing in considering sourcing you cannot ignore the
your systems is not an option, if you dont move robotics approach. For in-scope processes, the
quickly you will lose competitive advantage. underlying economics of a robotic solution are
Software Robotics is low investment and quick to radically more compelling vs. a low cost SSC option
realise ROI
This is a business led investment and Conclusion
initiative. However unlike traditional on-site Over the past 20 years various models have evolved
implementations, it does not require the extensive which have challenged how we deliver a quality
investment or time associated with build, service to the business, customers and our employees.
deployment and testing. Business users can learn
how to run, maintain and deploy Software Robotics Robotic Process automation is the fresh challenge for
in weeks. the digital age and it is a compelling one. However,
Implement a Pilot programme and trial the benefits this is just one step into an even more exciting
in your business digital journey, where deploying Software Robotics/
The market is buoyant across all sectors and there Artificial Intelligence solutions is at the heart of
is an overwhelming desire by our clients to see, businesses beating the competition.
touch, and feel. Enterprises are embarking on a
pilot to initially comprehend this solution and its Several organisations are on this journey already.
applicability within their business. The question you have to ask is are you ready?

Contact

Anish Shah Juleke Derks Jamil Sbeih


Senior Manager SeniorManager Manager
Finance Transformation Finance Operations Finance Operations
T: +44 (0)20 7212 7901 T: +31 (0)88 7927 470 T: +31 (0)88- 7926 882
E: Anish.s.shah@uk.pwc.com E: juleke.derks@nl.pwc.com E: jamil.sbeih@nl.pwc.com
www.pwc.com/uk www.pwc.com/nl www.pwc.com/nl

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