Intelligent Process Automation Umbrella: Most Advanced, Most Intelligent and Hyperconnected Systems

Introduction

The COVID19 Pandemic situation has given birth to the new normal where businesses and personal communities have learned how to: flawlessly stay contactless when still in contact; work from home and still get all the work done in time; keep distance but still work together virtually; and maintain the emotional quotient in the team. As the second wave of this pandemic hits us across the world, it has become even more important to run the business engine, meet the revenue targets and sustain this competitive market despite the working conditions or available resources. While businesses continue to struggle with these unknown parameters set by natural calamities, the major struggle is to meet the constantly evolving customer expectations that can make or break a company’s performance. 

Therefore, to ride this high wave, enterprises must be well equipped to deliver services with quick turn-around, simplified delivery, simplified payment, simplified tracking, and excellent customer support services. Global businesses have started leveraging the Most Advanced, Most Intelligent and Hyperconnected Systems to achieve such precision in seamless customer experience. 

Realizing the Full Potential of Automation Leveraging BPM + RPA

The lifespan of so-called ERP (Enterprise Resource Planning) systems has continuously been evolving and taking different dimensions. In the late 90s and early 2000s, there were close to a dozen ERP products ruling the business world. It catered many industries with their specific modules, such as Human Resource Management (HRM), Financial and Accounting Management, Supply Chain Management (SCM), Sales and Distribution Management (SDM), Manufacturing & Warehouse Management, Customer Relationship Management (CRM), and many more.

ERP and BPM Streamlining the Business Processes

The period 2000-2010, witnessed large acquisitions and mergers of ERP vendors and at the end of 2010, only a few ERP product companies existed in the market. JD Edwards, known for its strong Manufacturing modules (Plan-To-Build), was acquired by PeopleSoft, known for its HRMS (Hire-To-Retire) and Campus management solutions. Right after this acquisition, Oracle, which was known for its Oracle Financials and Budgets (Record-To-Receipt), acquired PeopleSoft and Siebel, known for its CRM (Acquire-To-Retain) capabilities. It finally became a strong ERP product, with a combination of Financials, Human Resources, Manufacturing, and Customer Relationship Management (CRM) besides its strong Database capabilities. The other big player has been SAP, still.