Plex Systems Helps Manufacturers Become More Efficient and Effective through Robotic Process Automation Partnership
Plex Systems announced Robotic Process Automation (RPA) can now be added on to the Plex Smart Manufacturing Platform through a new partnership with business technology solution provider Thirdware. RPA, a hyperautomation technology, helps manufacturing leaders automate repetitive business processes to reduce costs, enhance productivity, optimize cycle times, improve accuracy, and ensure compliance.
Gartner predicts "by 2024, organizations will lower operational costs by 30% by combining hyperautomation technologies with redesigned operational processes."
RPA allows companies to rapidly implement software bots on Plex to manage day-to-day operations. Thirdware has designed and implemented software bots for Plex across multiple business functions and applications using Automation Anywhere's industry leading RPA platform.
"A mention of automation in the manufacturing industry typically evokes images of shop-floor robots, but coordinating various aspects of a major manufacturing enterprise requires a lot more than just mechanical devices," said Dharm Sadasivan, vice president, marketing, at Thirdware. "RPA adds context-aware software bots to Plex to automate the organization and processing of all manner of data like invoicing, parts ordering, sequencing and supplier payments."
Plex customer Stant Corporation, a tier-1 automotive supplier of thermal and vapor management parts, implemented RPA to manage its invoice delivery. Prior to RPA, the process of invoice matching was a labor-intensive and error-prone process, spread across multiple technology solutions. With the help of a bot on the Plex Smart Manufacturing Platform, Stant has been able to reduce its invoice backlog from three weeks to four days, with 100% data entry accuracy. Now, 80% of invoices are able to move to processing without intervention, enabling the Stant team to focus on more valuable problem-solving activities. Given the success of the initial application, Stant now uses multiple bots for accounts payable, accounts receivable, customer service, and supply chain processes.
"For leading manufacturers, continuous improvement is a holistic effort that includes shop-floor-to-top- floor initiatives," said Jerry Foster, chief technology officer of Plex Systems. "RPA is important because it applies automation meaningfully, empowering business decision makers to focus on high-value activities for the organization, which is especially critical during turbulent times. This partnership represents another example of our commitment to empowering businesses to configure the Plex Smart Manufacturing Platform to their unique needs."
The RPA partnership announcement debuted at PowerPlex 2020 during the innovation keynote.
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