Future-Proof Your Business with Hyper Automation
Driving Value and Results for Banks with Process Automation and AI
RPA+, an enterprise-grade AI platform built using open-source technologies, provides a tailored solution to business challenges. By leveraging Element’s Intelligent Document Processing (IDP) module and automation, RPA+ empowers businesses to drive operational excellence, improve customer satisfaction, and maintain a competitive edge.
Key Business Benefits You’ll Realize
Partnering with Elements Technologies for Talent Scaling delivers measurable ROI and strategic value
Cost Savings
Lowers operational costs by 35% by automating repetitive tasks.
Increased Efficiency
Reduces manual processes by up to 100%.
Enhanced Accuracy
Improves data extraction and validation accuracy up to 100%.
Regulatory Compliance
Ensures 100% compliance and significantly reduces review of changing requirements.
Improved Customer Experience
Shortens customer support response times by 50% and enables 100% satisfaction scores.
Modern Business Challenges Demand a Smarter Approach
Operational Inefficiencies
Manual, repetitive, and time-intensive processes hinder productivity and increase costs.
Regulatory Compliance
Constantly evolving regulations demand significant resources and expertise for efficient reporting and compliance.
Customer Expectations
Rising expectations for timely, personalized, and seamless banking experiences difficult to meet with current processes.
Competitive Pressure
Large banks with resources and technologies challenge other institutions to rapidly innovate and automate processes.
Use Cases - Hyper Automation (RPA+)
Automated Data Management
RPA+ bots update and utilize excel files as databases, automating querying and data filtering.
ERP Integration
RPA+ bots log in to ERP system, extract relevant data, and download invoices, reducing processing times.
Report Generation
Automates generation of XML reports and Excel summaries, ensuring reporting timeliness and accuracy.
Error Handling
Intelligent exception handling to manage errors effectively, ensuring quick and accurate error resolution.
Email Automation
Automate the distribution of emails to relevant stakeholders, reducing manual intervention in routine communications and freeing up employee time.
Invoice Digitization
Automates extraction and processing of invoice data using Element’s Intelligent Document Processing (IDP), leading to faster vendor payments and reduced errors.
Customer Support
Uses Element’s multilingual AI powered chatbots to deliver faster response times, increased customer satisfaction, and agent productivity.
Loan Processing Cycle
Automates data extraction and validation for origination, appraisal, and approval to shorten cycle time, enhance borrower satisfaction, and strengthen risk management.
Compliance Monitoring
Automates regulatory analysis for faster compliance checks and improved audit readiness.
Customer Onboarding
Automates document validation and compliance checks for faster onboarding, compliance adherence, and improved data accuracy.
Ready to Optimize Your IT Operations?
Let’s discuss how hyper automation can transform your business operations.
Frequently Asked Questions
What is Element’s RPA+ solution?
RPA+ is Element’s enhanced automation offering that combines traditional robotic process automation with AI, machine learning, and intelligent decision-making. It not only automates repetitive tasks but also adapts to complex scenarios, making processes smarter and more scalable across banking operations.
How is RPA+ different from standard RPA?
Traditional RPA focuses on rule-based automation, often limited to structured inputs. RPA+ goes further by integrating AI to handle unstructured data, learn from patterns, and make context-aware decisions-unlocking higher value from automation and enabling broader use cases across departments.
What types of banking processes can be automated with RPA+?
RPA+ is ideal for processes such as loan processing, customer onboarding, KYC/AML checks, compliance reporting, accounts reconciliation, and document verification. It’s especially useful where workflows involve high volume, repetitive tasks, and data validation from multiple systems.
How long does it take to implement RPA+ in our organization?
Implementation timelines vary by use case, but most RPA+ solutions can be deployed within 4-8 weeks. Element offers process discovery, automation design, deployment, and performance monitoring to ensure smooth adoption and sustained ROI.
Is RPA+ secure and compliant with financial regulations?
Yes. RPA+ is built with enterprise-grade security protocols and compliance in mind. All automations follow access controls, audit trails, and data privacy standards that align with regulations such as FFIEC, SOX, and GDPR.
Formal Request for Service
Kindly submit your detailed request to initiate the required service. Our team will review the information provided and respond promptly with the necessary support. We are committed to delivering professional and timely assistance to meet your needs.