Make This Your Last Crazy Tax Season

Few industries are as ripe for Robotic Process Automation (RPA) as tax accounting and compliance. As organizations work to recover from the devastating financial impact of the ongoing Covid-19 pandemic, the need for efficient, effective, accurate, and scalable business solutions is paramount. In the past, it may have been more cost-efficient for organizations to have employees manually perform repetitive tasks than to implement automation, but with advances like process discovery technology, flexible pricing plans, and software-as-a-service (SaaS), the barriers to RPA are lower than ever before.

Kryon is proud to be ranked as a Leader in RPA in the recent report - The Forrester Wave™: Robotic Process Automation, Q1 2021 - The 14 Providers That Matter Most and How They Stack Up - released on March 15th. Forrester analysts conducted extensive research into the industry’s top players and current trends affecting both vendors and customers. The Forrester Wave report provides a snapshot of the 14 vendors who are the most significant in the RPA industry.

While organizations around the globe have been affected by the wide-ranging ramifications of the Coronavirus, just months after the start of the largest lockdown in history, enterprises are figuring out how to survive – and thrive – within the confines of the new reality.

While enterprises worldwide are embracing robotic process automation (RPA) and process discovery in their digital transformations, many organizations are challenged to quantify the value of their investments. To determine the potential ROI of Kryon’s Full-Cycle Automation Suite—the only enterprise solution encompassing both proprietary AI-driven Process Discovery and RPA— Kryon commissioned a Total Economic Impact™ (TEI) study from Forrester Consulting. The results speak for themselves.

So, this year's MQ is out. And guess what? Kryon is not on it. Why the hell not? The answer is simple. Kryon didn’t meet ONE of Gartner’s arcane and outdated selection criteria, which has nothing to do with the attributes that are most important to the enterprise community, like product innovation, service and customer value, and references, and everything to do with narrow-minded and obsolescent benchmarks. Gartner – get with the times! Not only have you done a severe injustice to vendors who have demonstrated a high impact on the market, but you have also misrepresented the RPA market and disserved Gartner clients.

Banks and financial institutions, like so many sectors of the economy, are still in the throes of managing the wave that seemed to crash overnight – COVID-19. At the same time, conversations are pivoting to emphasize restarting the economy. Banks, financial institutions, and insurance (BFSI) companies are managing a crush of customers who must delay mortgages and other payments, secure loans, and bank completely remotely. At the same, financial enterprises must handle internal changes and adjust business operations accordingly, from instituting new financial models to managing IT strains brought on by remote workers.

Robotic Process Automation (RPA) is the ideal way to create dynamic virtual workforces that cut costs, boost operational efficiency, increase employee satisfaction, and deliver a superior customer experience.