Skan raises $14 million to automate repetitive business processes with computer vision

Skan.ai, an AI-enabled process discovery and operational intelligence platform, today closed $14 million in funding. The company says the proceeds will be put toward accelerating Skan’s go-to-market and product R&D efforts.

Process discovery and automation is understandably big business in the enterprise. Forrester estimates that robotic process automation (RPA) and related subfields created jobs for 40% of companies in 2019. According to a McKinsey survey, at least a third of activities could be automated in about 60% of occupations, which might be why Market and Markets anticipates the RPA market alone will be worth $493 billion by 2022.

Skan, the brainchild of entrepreneurs Avinash Misra and Manish Garg, combines data engineering with computer vision to synthesize traces of human and screen interactions, uncovering how workloads (e.g., underwriting, sales, customer onboarding, servicing, claims, invoicing, and fulfillment) are performed in an organization. The platform maps processes by observation on digital systems and

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Streamlining the Business Processes to Optimize Spending

DUBLIN, Oct. 23, 2020 /PRNewswire/ — The “Business Spend Management (BSM) Software Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts, 2020 To 2028” report has been added to ResearchAndMarkets.com’s offering.

Streamlining the business processes to optimize the spending is improving adoption of BSM software worldwide

Using BSM software solution, enterprises can reduce their cost of goods & services, increased procurement leverages, process efficiency, and also mitigate the risk which may cause by supplier non-performance or supplier non-compliance. Additionally, the increased transparency in the procurement process and increased visibility into spending and contract provides enhanced financial control, organizational agility, and increased productivity.

With the growth of enterprises, it is difficult to manage the spending of a large number of vendors and transactions. Also, with rising cost-effective software solutions, high growth start-ups and companies are data-driven and diligent in the way to manage

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Reliable Contractors Transform Its HR And Finance Processes Using FlowForma Process Automation

DUBLIN, Oct. 20, 2020 /PRNewswire/ — FlowForma®, the leading provider of process automation tools for Microsoft Office® 365, have today announced that construction firm Reliable Contractors are bringing their internal business processes online using the award-winning FlowForma Process Automation tool for Microsoft Office 365®.

Paul Stone, Solution Architect & Product Strategist at FlowForma
Paul Stone, Solution Architect & Product Strategist at FlowForma

Reliable Contractors are a leading provider of highly skilled labour resources for civil engineering projects across the UK, boasting a large number of successful projects in its ever-growing portfolio. However, like most firms in the construction industry, paper forms continue to be a bugbear for staff to complete daily. To begin, the firm looked at improving its HR and finance processes before implementing further across the business. Emma Brown, QA & Compliance Administrator at Reliable Contractors set about finding a solution to coincide with the business’ continuous improvement journey.

After

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