Bond Position Verification
Streamlining bond position analysis with RPA automation
Key Solution: Robotic Process Automation (RPA)
Challenge
Managing bond position verification was a time-intensive process, requiring multiple system logins and manual data handling:
High frequency: Marketing Department business users logged in up to 20 times daily to multiple systems to verify bond positions and analyse discrepancies.
Labour-intensive operations: Repeated manual steps, including data retrieval and cross-system comparisons, consumed significant time and effort.
Error-prone: Manual input increased the risk of errors and operational risks during reconciliation.
Solutions – Automation Workflow:
RPA Bot automatically logs in to CAMS and financial valuation management systems to obtain product information and calculate data.
Before Implementation:
- Full manual effort for up to 20 transactions daily.
- 30 minutes processing time per transaction.
- Prone to manual errors and operational risks.
After Implementation:
- Improved process speed over manual efforts.
- Frees up resources by saving over 21.75 man-days per month.
- Rule-based automation ensures 100% accuracy, reducing operational risks.
- Faster processes enable quicker decision-making and improved compliance.
Impact
100% Accuracy
6x Efficiency
0 mins Labour Time
5 mins Single Transaction Time