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Auto Audit


Auto Audit

Automating risk management processes to accelerate audits & compliance

Bot Profile

Efficiency: high
Complexity: low
Robotic Process Automation
Technology

Outcomes

Velocity
Productivity
Cost to Close

Benefits

  • 90% reduction in processing time
  • 100% data accuracy across processes
  • Automated 100% of the process steps
  • 1200% increase in capacity for quality testing at no additional cost

Problem Statement

Auditing process can be time consuming as it requires manual reviewing of multiple documents and compiling the final report

Solution

Use automation to eliminate manual rule based tasks there by reducing manual effort and expediting the audit process

Tech Specs

Auto Audit is an unattended digital employee powered by Automation Anywhere RPA suite and can be easily integrated with any Loan Origination System(LOS).

Expertise

  • Deployment of robotic solution along with macro solution embedded in codes
  • Standardization of tester template to overcome the variation in the results
  • SQL query embedded in the automation codes to extract information from SQL database
  • An automated email triggered by the CoBot for document database team to get the needed files/documents