The asset and wealth management industries are undergoing major changes that only have been accelerating over the past 12 months. The pandemic exposed the industry to a number of issues, including dated and old operational models, regulatory risks, a lack of data-driven decision making, consolidation and an imperative to reduce costs.Leaders, in turn, must adapt, or risk being left behind. Roughly 50% of middle and back-office costs are still linked to personnel. Companieslooking to get ahead of the coming changes will utilize technology and process to reduce costs while creating efficiencies and increasing customer satisfaction. “Hyperautomation has shifted from an option to a condition of survival,” said Fabrizio Biscotti, research vice president at Gartner. “Organizations will require more business process automation as they are forced to accelerate digital transformation plans in a post-COVID-19, digital-first world."
Blue Prism's low-code/no-code business process management (BPM), case management and intelligent document processing (IDP) solution allows you to automate business processes completely. Chorus BPM is an intelligent automation platform designed to increase straight-through processing, reduce operational risk, and enhance digital customer journeys. Purpose-built for complex and regulated environments, Blue Prism Chorus BPM brings machine learning, low-code process automation, system integration, case management, omni-channel intake, and intelligent document processing to transform, manage, and automate critical business processes.Please note that AWD is now referred to as Chorus BPM, and Vidado is now called Chorus Document Automation