By Carole de Chateaub. Robotic Automation. Published at Tuesday, January 01st, 2019 - 07:31:50 AM.
Robots can act as assistants for staff, as stand-alone workstation workers or as a complete virtual workforce, working from virtual desktops within a data center. Choosing the best fit configuration for your business is a critical component of a successful strategy and optimum long term results.
Actions performed by the automated forex robots. Signal for the trade entry, this includes using the various forex signals that are received from the various banks and financial institutions for the forex trade. Calculates the optimal size of the lot required for buying and selling the currency pair. The forex software also adjusts the price targets for the profit taking, adjust the trailing stops. These automated robots also execute the trade orders too. The software also executes the trades after the order has been placed regardless of whether the software is running on your machine 24/7.
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.
Robotic process automation refers to the use of software programs to perform tasks that have been previously performed exclusively by humans or at least, thought to be only possible to have been done by humans. These programs, referred to by the moniker ‘bots’, can be programmed to perform a variety of tasks. The so called ‘dumb’ bots can perform simple tasks like controlling and maintaining systems, monitoring levels and other mundane tasks that do not require any decision making and fall within well-defined rules.
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