Yarra Lane, VBP unveil robotic consulting service | Australian Markets

Financial advisory companies firm Yarra Lane is leveraging automation technology to help accounting and advice companies tackle a longstanding industry abilities scarcity, asserting the launch of new robotic course of automation (RPA) consulting service.

Co-developed with outsourcing specialist Vital Business Partners (VBP), the RPA resolution, which additionally makes use of artificial intelligence (AI), is designed to be readily applied by advice and accounting corporations of all sizes to automate repeatable, guide duties.

The resolution is delivered and managed by VBP’s native and offshore stuff, which deploys the technology for consumer companies.

Through the consulting service, Yarra Lane chief govt Nick Perrett mentioned consumer corporations may conceivably design and develop RPA options in simply a few months and begin seeing tangible, measurable outcomes quickly after.

“Software robots can do a lot of the heavy lifting for advisers,” he mentioned.

“In a sense, advisers can work through the day and their bots can go to work at night so the next morning, advisers can focus on higher value activities like spending time with clients,” he added.

VBP chief govt Nathan Jacobsen notes the present use of RPA within advice corporations for such duties as diarising conferences, sending calendar invites, gathering info and studies, and utilizing templates to draft consumer emails.

Recognising the complexity of RPA deployments, significantly because the technology advances at exponential place, Jacobsen mentioned outsourced companions are ideally suited to assist their implementation within advice and accounting corporations.

“There are hundreds of accountants and advisers grappling with how to use technology and AI in their business but it’s not as simple as running an RFP [Request for Proposal] process and selecting a solution anymore because technology is advancing so quickly, which is why partnering with an outsourcing specialist is an optimal solution.”

VBP mentioned it prepares consumer companies for its RPA deployments by first mapping out and breaking down their processes into elements. From there, the outsourcing specialist identifies duties that may be automated, and deploys its tailor-made RPA resolution.