London School of Economics Releases Second in Series of RPA Case Studies
Working paper sponsored by Blue Prism highlights eight key findings from the use of RPA within Xchanging
At present Xchanging’s Insurance business has 14 core processes automated, using 27 robots (as of
The Outsourcing Unit (OU) of the LSE undertook the research into Xchanging’s RPA technology over the month of
- The first ‘myth’ being that RPA is only used to replace humans with technology. However the paper found RPA at Xchanging was used to do more work with the same number of people.
- Secondly the perception that operations staff feel threatened by RPA was also displaced as Xchanging welcomed the robots as valued ‘new hires.’
- Thirdly RPA has not brought back many jobs from offshore as Xchanging has automated many offshore processes and kept them offshore.
- The fourth ‘myth’ was around cost savings and the fact that cost was not the primary reason for bringing RPA to Xchanging as the company already had an understanding of multiple operational benefits and strategic payoffs.
The OU paper details the multiple benefits Xchanging has gained from its deployment of Blue Prism’s enterprise-strength RPA platform to date. The business is looking to extend its RPA capability across the Group, bringing long term ‘strategic and competitive edge payoffs.’
“The paper outlined eight ‘lessons’ for organizations looking to implement an RPA strategy from Xchanging’s experience,” said LSE Professor of Technology Work and Globalization Leslie Willcocks. “These included: the need for an internal RPA sponsor or champion; a culture of business innovation and technology which accelerates adoption; and the ability for RPA to comply with the technology function’s governance and architecture policies.”
The paper also highlighted the other benefits to Xchanging, including: improved service quality, high accuracy, low error rates, faster turnaround times, increased compliance and strategic positioning. “I think RPA helps us hugely around error rates, consistency, volumes, speed and price point,” said
More information about Blue Prism and the LSE case study series can be found here http://www.blueprism.com/knowledge/knowledge.php?cat=3.
About Blue Prism
Formed by process automation experts, with offices in
View source version on businesswire.com: http://www.businesswire.com/news/home/20150612005069/en/
Media Contact
Version 2.0
[email protected]
Source: Blue Prism



Lackawanna County appeals pavilion collapse verdict
Parker Ibrahim & Berg LLC Taps Intellectual Property Partner Julie Nichols Matthews for Chicago Office
Advisor News
- Geopolitical instability and risk raise fears of Black Swan scenarios
- Structured Note Investors Recover $1.28M FINRA Award Against Fidelity
- Market reports turn economic trends into a strategic edge for advisors
- SEC in ‘active and detailed’ settlement talks with accused scammer Tai Lopez
- Sketching out the golden years: new book tries to make retirement planning fun
More Advisor NewsAnnuity News
- Annexus and Americo Announce Strategic Partnership with Launch of Americo Benchmark Flex Fixed Indexed Annuity Suite
- Rethinking whether annuities are too late for older retirees
- Advising clients wanting to retire early: how annuities can bridge the gap
- F&G joins Voya’s annuity platform
- Regulators ponder how to tamp down annuity illustrations as high as 27%
More Annuity NewsHealth/Employee Benefits News
- AM Best Affirms Credit Ratings of The Cigna Group and Its Subsidiaries
- Iowa insurance firms warn bill would make health costs rise
- Farmers among many facing higher insurance premiums
- Mark Farrah Associates Analyzed the 2024 Medical Loss Ratio and Rebates Results
- PID finds violations by Aetna Insurance
More Health/Employee Benefits NewsLife Insurance News
- AM Best Affirms Credit Ratings of The Cigna Group and Its Subsidiaries
- U-Haul Holding Company Announces Quarterly Cash Dividend
- Jackson Earns Award for Highest Customer Service in Financial Industry for 14th Consecutive Year
- Annexus and Americo Announce Strategic Partnership with Launch of Americo Benchmark Flex Fixed Indexed Annuity Suite
- LIMRA: Individual life insurance new premium sets 2025 sales record
More Life Insurance News