Auto Audit

CoBot

Automating risk management processes to accelerate audits & compliance

Bot Profile

Efficiency

Complexity

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

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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

Resource Type