Digitalization of M&A: robots are boosting M&A process performance
While we are used to physical robots vacuuming our homes, software robots are not in widespread use yet. The term used for software robots is robotic process automation. (RPA)
What is RPA?
RPA is defined as tools to build automation for everyday tasks and processes on a computer screen using Software Robots. This can start with a simple sequence of clicks on the screen that you can replay automatically. But RPA can also cover more complex workflows with decision points. RPA tools usually contain a recorder that tracks certain work sequences on your computer screen and can replay it this sequence later.
What is RPA combined with machine learning?
Recording workflows with current RPA tools is a manual process. If combined with machine learning, a digital assistant will track your online work and will propose automation of routine processes you do every day. This will lead to a step by step increase of the level of automation in processes.
How does RPA help in M&A processes?
It frees up time to focus on the really important topics instead of routine tasks and sequences of clicks on a computer screen.