Robotic Process Automation for Mutual Fund Organizations

By adopting RPA, organizations can overcome many of the barriers like 4 eye authentication process, error-prone transactional processes, rule-based time-consuming back-office operations, and can achieve operational efficiency with enhanced performance at an enterprise level.

 

RPA for Mutual Fund Organization – Case Study

Business Case:

1. Team members browse a high volume of corporate rating websites on daily basis (like CRISIL, FITCH, ICRA etc) simultaneously.
2. Each member searches the websites one-by-one extensively for the name of the company (which has been taken from the source Excel File).
3. After finding the “company name” user manually clicks the link to open the page and copies the ratings of the company for that month.
4. If ratings are found then user inserts the company ratings into the source excel sheet with flag indicator as “successfully updated”.
5. If there is no rating for the company, the user updates the excel sheet with “no ratings found” for that company.

Problem Statement:

1. Based on the number of manual steps within a high volume of processes there was a high incidence of errors.
2. No updated rating status for decision makers which in turn affects the Portfolio’s interest rate.

 

RPA Implementation:

1. Robots were triggered that could go to multiple corporate rating websites simultaneously.
2. Each robot searches the websites one-by-one extensively for the name of the company (which has been taken from the “source excel sheet”).
3. After finding the “company name” robot clicks on the link to open the page and read the ratings of the company for the particular month.
4. If ratings are found then robot inserts the company ratings into the final excel sheet with flag indicator as “successfully updated”.
5. If there is no rating for the company then robot automatically updates the final excel sheet with “no ratings found” for the particular company.
6. Decision makers (Fund Managers) use this “updated excel file” to make crucial decisions about investments.

Results:

1. Excel-sheet updated regularly.
2. Helps decision-makers by giving them more completed ratings, faster.
3. Zero errors and reduced Turnaround time.

 

 

Learn more about RPA:

• RPA in Action – Downloading Files & Data Massaging
• Robotic Process Automation in Action – PDF Extraction & OCR Capabilities
• Robotic Process Automation for Banking & Financial Institutions
• RPA for Asset Management Institutions – Case Study
• Robotic Process Automation for Retail Organizations – Business Case
• RPA for Media Organizations – Case Study

Get in touch:

• INDIA: info@greysoft.co
• US: marlon.gallimore@greysoft.co

 

About Greysoft: Greysoft is an emerging global software technology company. We help Fortune 500 companies to reach their potential through ‘tailor-made technology solutions. We have been working hand-in-hand with the Global Banking & Financial Institutions for 16 years, to solve their tech challenges and help them conquer the larger quest of “Digital Transformation”.