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Page 1: Lessons on Process Automation in the Enterprise€¦ · 1q 2016 3q 2016 1q 2017 Process Name Jan 2017 Feb 2017 Mar 2017 Apr 2017 May 2017 Jun 2017 Jul 2017 Aug 2017 Sep 2017 Oct 2017
Page 2: Lessons on Process Automation in the Enterprise€¦ · 1q 2016 3q 2016 1q 2017 Process Name Jan 2017 Feb 2017 Mar 2017 Apr 2017 May 2017 Jun 2017 Jul 2017 Aug 2017 Sep 2017 Oct 2017

Lessons on Process Automation

in the Enterprise

Michael CarrThe Vanguard Group

Principal, Retail Systems Integrations

Page 3: Lessons on Process Automation in the Enterprise€¦ · 1q 2016 3q 2016 1q 2017 Process Name Jan 2017 Feb 2017 Mar 2017 Apr 2017 May 2017 Jun 2017 Jul 2017 Aug 2017 Sep 2017 Oct 2017
Page 4: Lessons on Process Automation in the Enterprise€¦ · 1q 2016 3q 2016 1q 2017 Process Name Jan 2017 Feb 2017 Mar 2017 Apr 2017 May 2017 Jun 2017 Jul 2017 Aug 2017 Sep 2017 Oct 2017

4Data as of January 31, 2018.

Page 5: Lessons on Process Automation in the Enterprise€¦ · 1q 2016 3q 2016 1q 2017 Process Name Jan 2017 Feb 2017 Mar 2017 Apr 2017 May 2017 Jun 2017 Jul 2017 Aug 2017 Sep 2017 Oct 2017

4Data as of January 31, 2018.

Page 6: Lessons on Process Automation in the Enterprise€¦ · 1q 2016 3q 2016 1q 2017 Process Name Jan 2017 Feb 2017 Mar 2017 Apr 2017 May 2017 Jun 2017 Jul 2017 Aug 2017 Sep 2017 Oct 2017

A good problem to have…Growth

Improve clientservice levels

Reducelabor costs

Improve workenvironment

Page 7: Lessons on Process Automation in the Enterprise€¦ · 1q 2016 3q 2016 1q 2017 Process Name Jan 2017 Feb 2017 Mar 2017 Apr 2017 May 2017 Jun 2017 Jul 2017 Aug 2017 Sep 2017 Oct 2017

Broad uses for RPA

Page 8: Lessons on Process Automation in the Enterprise€¦ · 1q 2016 3q 2016 1q 2017 Process Name Jan 2017 Feb 2017 Mar 2017 Apr 2017 May 2017 Jun 2017 Jul 2017 Aug 2017 Sep 2017 Oct 2017

OutsourceAutomateAdoptDigitize

RPA is part of a larger automation effort…

Currentdigital

self-serve

Processmanually

Clienttouches

Page 9: Lessons on Process Automation in the Enterprise€¦ · 1q 2016 3q 2016 1q 2017 Process Name Jan 2017 Feb 2017 Mar 2017 Apr 2017 May 2017 Jun 2017 Jul 2017 Aug 2017 Sep 2017 Oct 2017

#GoDigital RPA journey

Digitaltechnology

scan

RPApilot

Built anddeployed 1st

RPA use case

More robots,growingbenefit

Fall 2015 2Q 2016 4Q 2016 Present

Get smarton RPA

Business caseand purchase

Started seeingreal benefits

1Q 2016 3Q 2016 1Q 2017

Page 10: Lessons on Process Automation in the Enterprise€¦ · 1q 2016 3q 2016 1q 2017 Process Name Jan 2017 Feb 2017 Mar 2017 Apr 2017 May 2017 Jun 2017 Jul 2017 Aug 2017 Sep 2017 Oct 2017

Process Name Jan 2017 Feb 2017 Mar 2017 Apr 2017 May 2017 Jun 2017 Jul 2017 Aug 2017 Sep 2017 Oct 2017 Nov 2017 Dec 2017 Jan 2018 Feb 2018

ACH Clerical Rejects - Completed 81.7 57.5 157.8 185.7 98.4 91.6 81.7 49.5 52.7 13.4 32.7 89.5 141.1 120.3

ACH Clerical Rejects - Suspended - - - - - - - - - - - - - -

RRC Freeze - Completed 4.0 57.2 84.9 94.4 70.2 59.4 72.0 29.1 20.0 43.3 233.7 326.3 385.0

RRC Freeze - Suspended - - - - - - - - - - - - -

Non-ACAT Research - Completed 85.6 129.2 155.2 126.0 107.5 124.2 38.2 229.6 352.0 466.3

Non-ACAT Research - Suspended 22.3 24.7 28.3 25.6 22.4 19.8 5.5 36.8 60.4 69.0

Non-ACAT Research - Sorted (partial credit) 9.7 17.9 15.2 15.2 13.3 13.8 5.2 12.2 19.5 14.6

Non-ACAT Research - Close Track Your Transfer - - - - - - - - - 45.2

Successor Custodian - - - - 0.7 - 1.4 2.0

VBA Checkwriting 4.1 8.3 22.8 32.1 15.0 54.4 54.0 42.4

TA Checkwriting 2.9 3.3 8.1 13.0 10.8 17.6 16.0

Hard Rejects 6.9 56.9 29.3 36.3 34.1 45.8 41.7

Residuals 11.0 6.7 6.9 11.9 16.1 7.5

ACAT Out Wires 32.4 30.6 43.1 56.3 40.5

Soft Rejects 11.0 15.6 16.8 25.6 19.7

Fail Reversals 0.8 1.6 2.2 2.1

Reclaims 0.8 2.1 1.3

AREX 16.0 34.3

Total Time Saved by Robotics 81.7 61.5 215.0 270.6 310.3 333.6 343.8 306.3 318.9 310.7 243.8 775.3 1,136.3 1,307.7

Cumulative Time Saved by Robotics 81.7 143.2 358.2 628.8 939.1 1,272.7 1,616.6 1,922.8 2,241.7 2,552.4 2,796.1 3,571.4 4,707.8 6,015.5

#GoDigital & RPA results to date

Page 11: Lessons on Process Automation in the Enterprise€¦ · 1q 2016 3q 2016 1q 2017 Process Name Jan 2017 Feb 2017 Mar 2017 Apr 2017 May 2017 Jun 2017 Jul 2017 Aug 2017 Sep 2017 Oct 2017

I’m sorry, Dave

What if we become dependent on the robots and…

Fear of prime time

Legal and Compliance folks prefer treating robots like humans

Robots really do need constant supervision

Ops folks sometimes have a hard time letting go of HITL

People stealing work from robots!

Page 12: Lessons on Process Automation in the Enterprise€¦ · 1q 2016 3q 2016 1q 2017 Process Name Jan 2017 Feb 2017 Mar 2017 Apr 2017 May 2017 Jun 2017 Jul 2017 Aug 2017 Sep 2017 Oct 2017

Robots aren’t like humans

Robots like different inputs from humans

Calling REST API’s instead of navigating screens

Good at finding bugs… and telling you about them

Sensitive to changes that humans can’t see great testers

Page 13: Lessons on Process Automation in the Enterprise€¦ · 1q 2016 3q 2016 1q 2017 Process Name Jan 2017 Feb 2017 Mar 2017 Apr 2017 May 2017 Jun 2017 Jul 2017 Aug 2017 Sep 2017 Oct 2017

If all you have is a hammer…

Just because you can doesn’t mean you should

Team gravitated to easier use cases “Fingers and toes”

Avoid the non-happy path

Page 14: Lessons on Process Automation in the Enterprise€¦ · 1q 2016 3q 2016 1q 2017 Process Name Jan 2017 Feb 2017 Mar 2017 Apr 2017 May 2017 Jun 2017 Jul 2017 Aug 2017 Sep 2017 Oct 2017

If we only knew then…

Maybe break up process steps for robots

Humans can help the robots

Avoid cost myopia

Don’t do an RPA program, do an Automation program

Can’t outsource to a BTG Resist!

Business needs to commit to “consequences of success”

Page 15: Lessons on Process Automation in the Enterprise€¦ · 1q 2016 3q 2016 1q 2017 Process Name Jan 2017 Feb 2017 Mar 2017 Apr 2017 May 2017 Jun 2017 Jul 2017 Aug 2017 Sep 2017 Oct 2017

Where we’re headed with #GoDigital

AI/ML/NLU

Automation Lab

BPM

Automation LabAutomation LabAutomation Lab