Automated KYC Processing Solution
With the advent of Robotic Process Automation, organizations seek to reduce costs, improve efficiency and re-duce process turn-around-time. Processes with high manual intervention, such as KYC Processing are highly suitable candidates for automation. KYC processing is largely labor-intensive. The delay in KYC processing not only delays the process of on-boarding new customers but also results in delayed revenue realization from the new customers.
Key Challenges: KYC Processing
With KYC processing being highly labor-intensive, it results in innumerable delays in on-boarding new customers and revenue realization.
With multiple compliance regulations, it’s difficult to be compliant with regulations while processing KYC documents within the desired timeline
With a stringent timeline and a high degree of manual processing, maintaining the accuracy of KYC processing is a great challenge. With volumes increasing each day, maintain the levels of accuracy is becoming more challenging each day
RPATech brings automation to Invoice ProcessingKYC
Audit Trail and Governance
With minimal human intervention, accuracy is increased by 95%
Multi –times faster customer on-boarding
Complete audit trail of invoicing steps for tracking and governance
Quick ROI Realization
Compliant with KYC, AML and such other Regulations
With employees focused on value-driven tasks and less spend on expensive multiple CRM licenses, typical ROI realization is less than 6 months