STP
STP is an automated process that involves end-to-end processing of a transaction with no manual intervention. The concept of STP has been around for a long time, but it has gained more attention in recent years due to advancements in technology and increasing demand for faster and more efficient processing of transactions. STP is used in various industries, including finance, healthcare, and insurance, to streamline processes and reduce operational costs. In this chapter, we will discuss how STP is used in RPA, its pros and cons, and how to set up STP KPIs.
RPA is the use of software robots to automate repetitive tasks and processes. STP is an essential component of RPA and automation because it allows faster and more efficient processing of transactions. RPA software robots can be programmed to perform a range of tasks, from data entry to customer service, and STP ensures that these tasks are performed accurately and without manual intervention.
STP is used in RPA and automation...