The Impact of RPA in top 3 UAE Industry Sectors

Almost all industrial verticals across UAE have shifted or are in the process of shifting towards adopting digital transformations. Among the various technologies available, Robotic Process Automation (RPA) helps industries to automate mundane repetitive tasks. RPA helps mimic people interactions and aids in automating operational processes, thereby minimizing errors, and improving efficiency. The automation also helps in significant reduction of operational costs, better utilization of your resources and an enhanced customer engagement and satisfaction.

Today, we look at three such industry sectors in the UAE where we feel RPA can bring a lot of differences in a company’s day-to-day operations. These industries can be termed as the backbone of UAE’s economy and let’s see how RPA can help increase productivity in many areas of these verticals.

Banking & Insurance

Banking and insurance companies have numerous end-to-end processes that needs to be streamlined. Particularly in banking, there are lot of areas such as invoice management, new customer on-boarding, General ledger management, KYC processes, etc., which has tasks that are repetitive and time-consuming. Also, since it involves lot of monetary transactions, the chances of errors creeping in during a manual interaction is way more. With the introduction of RPA, banking firms can eliminate human errors and significantly cut short the overall transaction time by many folds. It can also aid banking firms in adhering with international and local laws and regulations. The documents can be easily handled using RPA bots, making auditing process much easier, labor-saving, cost-effective and 100% accurate. Numerous banks have successfully implemented RPA to optimize their complex back-end operations and to quickly check loan eligibility of a customer.

Similarly, in the insurance sector, be it automobile, health, property or travel, there are lot of processes which can be automated. Starting from claims processing, underwriting, providing policy quotes to get timely reports, Insurance companies can automate high volumes of repetitive business practices. RPA vendors can easily help insurance companies automate their entire workflows including processing data from their legacy applications and disparate systems.

Manufacturing

We all know how physical robots and robotic arms have helped manufacturing companies reduce cost and manpower in the overall manufacturing process. But recent studies show software-based Robotic Process Automation is helping manufacturing companies in with their general invoicing, accounting, operations, supply chain & transportation procedures etc. The RPA bots can automate their day-to-day activities and plan workforce allocations accordingly. Also, the units can automate lot of their approval procedures across departments. The taxation work can also be automated which saves a lot of time ensuring an error-free output. Apart from optimizing time-centric and repetitive routine processes, manufacturers can increase their go-to-market time by running their productivity in maximum capacity.

Healthcare

Within the next 5 years, healthcare is expected to be one of the fastest-growing sectors in UAE. Every hospital chain or clinics are striving to give maximum quality service to their patients. With the help of RPA, they can achieve the same by saving a lot of their patient processing time. We all know how much regulations and standards are there in the healthcare sector. It is also one of the sectors where patient data privacy and accuracy is of extreme importance. There should not be any chance of data leakages or data errors creeping in. Not only the patient side, RPA can also be used in the hospital administration processes as well, such as scheduling, revenue cycle management, data entry, billing etc. Patients are subjected to more value-based care as their appointment scheduling to reminders to final billing are taken care off in a streamlined manner.  Audits and network management along with data management to third parties are managed efficiently.

RPA is making great inroads into lot of business verticals, and more early adopters are preferring intelligent automation to run their business efficiently. For companies that wish to start off their long-term digital strategy, we believe RPA is a great tool to begin with. Start with small rule-based processes and slowly expand it across your enterprise workflows.  

Get Free Consultation

Would you like to rate us on Google?      Yes    No

HLB HAMT - Audit, Tax, Accounting and Business Advisory

4.8

Based on 176 reviews

review us on

Varun R Chandra

07:38 25 Apr 21

HLB Hamt is highly recommended! They have the quality of services that would satisfy your needs. I'm glad I found them.

Giuseppe Assi

06:20 31 Jan 21

I HAD A GOOD EXPERIENCE WITH HLB HAMT DUBAI. THEY HAVE A VERY PROFESSIONAL TEAM, GOOD QUALITY OF SERVICES, GOOD VALUE... FOR PRICE.I RECOMMEND THIS COMPANY.read more

Mohamed Sheriff

16:16 28 Jun 20

Experience with HLB Hamt in audit experience is great pleasure. They deploy well qualified accounts team for audits.... And the amount of checking they perform give the management of the company confidence that internal controls are well in place. We are glad to see they have high standard of audit practices.read more

218141 JOSEPH THOMAS

16:20 23 Jun 20

Professionally managed firm with commitment to the engagements taken. My company and its group are assigning our... requirements for last 12 years to HLB and we don’t have any negative remarks on any assignments.read more

PMI

07:14 23 Jun 20

In my opinion, HLB Hamt is one of the best professional firms in UAE after big4. Excellent client service, professional... and competent staff and timely delivery are their strength. Over the years they have developed the infrastructure and skill set to handle multiple verticals ie, audit, tax services, consulting, IT support etc.Wishing HLB Hamt team all the very best.read more

RAVI CHOKSI

08:28 21 Jun 20

Thank you Team HLB hamt...Your internal auditing team put the good amount of time and inputs in helping the... organisation making considerable improvements throughout the organisational working structure and helps in building the better business.Thanks.read more

Maharajan Subramaniam

18:17 06 Jun 20

High-Performing IT Teams, I'm impressed with the knowledge level of their deputed staff, audit procedures, and... checklist adopted. Mr. Vimal especially understand the requirement and provide solution not only technical feasibility and also considered budgeting. We’re confident in their abilities.read more

Mohammed L

08:07 05 Jun 20

We have been working closely with them on payroll services for quite sometime.They provide very professional... services,experts in domain and excellent support. Would recommend them.Cheers.read more

ROY ROSHAN VIVIAN

06:32 04 Jun 20

Very professional team. Vimal has always given us good solution advice for various Software and IT Infra projects. We... are very Extremely satisfied working with him and his team. Wishing them success.read more

Basil Daniells

05:55 03 Jun 20

I have worked with HLB as a partner of Sage for about 2 years, they were dedicated to the success of the partnership... and kept aligned with the business plan that was agreed between our two companies. They are always ready to go the extra mile for a customer and don’t shy away from challenging circumstances. Keep up the good work and wish you all the success in the future.read more

Amar Kashyap

19:28 02 Jun 20

Team of well qualified and organised professionals. Their reports are not based on numbers first they will understand... their client and their business. They are highly recommended and trust worthy.read more

Radz de Jesus

16:03 02 Jun 20

We're glad to have found HLB Hamt to conduct the IT audit and risk assessment for our organization. We have learned a... lot from their team during that first project. And since then, we've continued to be in touch with them. Mr. Vimal especially is very good at presenting technical concepts in simple yet interesting ways that non-IT and business people alike would easily catch. We are very happy with the professionalism and quality of service they provide. They leave their clients nothing short of satisfied. Highly recommended.read more

Next Reviews