For Immediate Release
[LOS ANGELES, CA]: Mystic River Consulting (MRC), a consultancy that modernizes operational capability with an unmatched service portfolio in automation, artificial intelligence, data and analytics, is pleased to announce its recent partnership with UI Path, the leading Robotic Process Automation (RPA) software company.
It has been estimated that the average person spends anywhere from 30-50% of their time on manual processes. Robotic process automation uses robots, or software, to automatically executive repetitive tasks, generally across multiple systems and applications. This results in unprecedented accuracy and greatly accelerated downstream processing. Organizations that employ RPA often refer to this as "digital labor."
This partnership enables Mystic River to help is customers improve the accuracy of manual tasks to over 90% and dramatically accelerate processing time. More importantly, MRC can help enterprises advance the potential of every enterprise employee, allowing them to shift their efforts to business results-oriented or high value customer facing activities. "Our partnership with UiPath is enabling us to reduce manually intensive efforts in IT, HR, Finance and Accounting operations. We are seeing great traction particularly in Banking, Hospitality and Insurance, where the automation of billing, customer service and financial reconciliation have an undeniable ROI," stated Ruchna Bhagat, CEO. She added, "The partnership with UI Path also uniquely diversifies the solutions offered by our IT Service & Operations Management Center of Excellence, which continues to broaden its IT Transformation portfolio."
According to the World Economic Forum, the share of task hours between humans and robots was 71/29 in 2018. Robots are expected to absorb another 13% of tasks by the end of 2020.
About Mystic River Consulting: MRC is a firm that helps companies transform with automation and master data management technologies that better structure processes and data, reducing process overhead, and business intelligence solutions that provide insight at the speed of digital business. Their proven, repeatable service delivery methodologies and proprietary platform deliver transformational results at game-changing speed.
About UIPath: UI Path is a technology company that uses the transformative power of automation to liberate the boundless potential of people.