Automation Trends: Strike Graph raises $3.9m to automate security audits & more.. #Tech

Konstantinos Anastasiadis @ SCALEUP | Jan 28, 2021

The topic of compliance automation is not actually one of the most interesting topics, but the truth is that big business and security audits go together and companies that aim for the SOC 2, ISO 207001 or FedRamp certification can often spend six figures to get through the process with the help of an auditing service.

#1. The Pitch & Auditing RPA without the Auditing

Strike Graph, the Seattle-based startup which managed to accumulate a $3.9 million seed funding round, wants to automate as much of this process as possible.Their code idea? Remove all the inefficiencies behind the needed actions for complying with the ISO standards, basically pre-auditing the firm for the needed auditing that will come from their hired auditor.

Strike Graph is another example of the growth that automation and RPA has had over the past 5 years, from tedious tasks to bulk simple operations it is a tech that has more to anticipate for the future.

According to Gartner A.I Insights, by the end of 2024, 75% of enterprises will shift from piloting to operationalizing AI, driving a 5X increase in streaming data and analytics infrastructures.

#2. Key RPA best practices for today’s business

One of the core clarifications of automation as with every Project is having a clear, detailed vision of the roadmap, on average most RPA deployments take an average of 2 months with that including the configuration, test and launch into production.

This is a comprehensive road map with the key steps to consider when launching an RPA project:

  1. Identify processes that will yield the greatest benefits
  2. Select processes that can be easily automated with RPA
  3. Get management and team buy-in
  4. Convince other business units
  5. Understand the process
  6. Improve the process
  7. Choose your partners
  8. Develop your solution
  9. Test your solution
  10. Run a pilot
  11. Go live
  12. Maintain the RPA installation
Blueprism: RPA Deployment Average Timeline
Source: Blueprism, 2020

#3. Identify the Process that will yield the highest benefits

In order to maximize the impact that the RPA solution will have to your organization, identify the most impactful ones and SCALEUP!

Impacting both Cost & Revenues

Speed and effectiveness of quote-to-cash process can definitely make or break a sale.

Quote-to-cash can be expensive if pricing rules are not clear.

High Volume

Reflect: What are the processes that require the less thought but repetitive human effort?

Error prone

The greater the amount of potential manual errors a process can have the greater the possibility that the RPA will be similar

These mistakes can lead to low customer experience or regulatory problems thus should be considered

Speed Sensitive

Processes that can delay delivery of services to customers are good candidates for automation as automation can make processes instantaneous.

In line with changes in the market and regulation, you will need to change your processes. Putting in a place a capable team in charge of the installation is critical for the future success of your RPA installation. Process mining tools can help teams monitor changes in processes and as a result identify when RPA bots need to be maintained/modified.

Want to gain the head start in Remote Process Automation (RPA)?

We have worked with over 50 clients in the past 5 years. Our projects are usually between 3-12 months and help to scale-up key business areas and functions. Get in touch with us today and set up your team to success!