Client Asset Management System Daily Report Automation
Transforming daily reporting processes with RPA automation
Key Solution: Robotic Process Automation (RPA)
Challenge
The Risk Monitoring and Compliance Department faced significant hurdles in managing daily report downloads:
1.Manual Processes: Requiring daily logins to multiple systems to retrieve fixed and position statements.
2.Time-Intensive Tasks: Repeated manual steps consumed valuable working hours.
3.Error-Prone Operations: High likelihood of omissions and errors, risking compliance.
4.High Timeliness Demand: Reports needed to be generated and sent within tight timeframes.
Before Implementation:
- Full-day manual effort required.
- Limited by human speed and prone to delays.
- Manual processes led to errors and increased operational risk.
After Implementation:
- Improved process speed over manual efforts.
- Saved an average of 13 man-days per month, freeing personnel for higher-value tasks.
- Rule-based automation ensures 100% accuracy in report generation.
Impact
100% Accuracy
15x Efficiency
0 mins Labour Time
2 mins Position Report Processing
15 mins Daily Fixed Report Processing