24 October 2017
visit www.avoka.com

Automating the payments queue

14 April 2014  |  6436 views  |  1 Source: Blue Prism Digital Arrow chart

The Co-operative Bank achieved 80% savings in processing costs to automate a payment processing oversight procedure that used to be carried out by a team of nine dedicated staff.

The automation of the entire procedure using operational agility software from Blue Prism means that the bank now has a ‘virtual team of 20 people completing the workloads by 11am each day instead of a dedciated team of employees working to meet a 3pm daily processing deadline.

Employees previously engaged in manual processing have been released to work on pro-active customer account management.

Outbound customer calls can now be made every day of the week where previously they were confined to Saturday when there was no activity required on the excess queue.» Download the document now 401.8 kb (PDF File)

Comments: (1)

A Finextra member
A Finextra member | 20 August, 2015, 00:39

Good solution that solves the problem in a smooth and sensible way.

Be the first to give this comment the thumbs up 0 thumb ups! (Log in to thumb up)
Comment on this story (membership required)

Related blogs

Create a blog about this story (membership required)

Solution source

Search by company or single key word