The Robots provide more accurate and faster service than humans at a fraction of the cost. Report consolidation, procure to pay and order to cash are some of the work streams within finance and accounting ideally suited to Robots. Auditing robotic automation is another key area.
Better accuracy. Robots themselves are 100% accurate. Auditing robotic automation can also be applied to work performed by other staff to ensure accuracy, consistency and compliance to regulations. The Robots themselves also provide a complete audit train of all of their activities and provide reporting capability for audit and process analysis purposes. This improved accuracy also eliminates the need for quality checking and rework, further reducing costs and improving service levels.
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Forex trading market is undeniably making the way to automation. Because of the surfacing of the automated foreign exchange robots, the patterns in foreign exchange suddenly changed. With these automated robots, many wonder if it will replace the work of the currency training advisors. It seems they can because of their abilities and capabilities to trade even without the human intervention and involvement of emotions in trading.
Companies are increasingly deploying industrial logistics robots to enhance their automated processes and achieve a competitive edge. Furthermore, these robots facilitate flexible systems and end-to-end process improvement, which has added to the demand from the global industrial logistics robots market. However, the fact that every logistics robotic system needs customization prior to deployment will restrain the global industrial logistics robots market.
Now then, on the official ”White House Blog” there was a posting back on June 24, 2011 by Erin Lindsay titled; ”President Obama Launches Advanced Manufacturing Partnership.” This appeared just after President Obama gave a speech at Carnegie Mellon University. Manufacturing and production are key to any advanced civilization, and we here in the US like to think we are the most advanced civilization of all.