CLPS Incorporation (the “Company” or “CLPS”) (Nasdaq: CLPS), a leading information technology (“IT”) consulting and solutions service provider focusing on the banking, insurance and financial sectors in China and globally, announced the success of an internal pilot test run of its Robotic Process Automation (RPA) technology.
Robotic Process Automation (RPA) has been one of the important research areas of CLPS Research Institute. In December 2018, CLPS ran a successful internal pilot test of RPA, aiming to automate the in-house human resources department’s business processes, which cover more than 2,000 employees. Instead of manual work, the RPA mimics human activity that streamlines the internal management system and improve efficiency.
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Through its in-depth RPA research effort, CLPS has been able to transform its routine human resources business processes from manual work to automated processes. This development optimizes the Company’s operations and, as a result, will reduce operational costs and human error without compromising the legacy HR system. Most importantly, employees will be able to devote more time to higher-value tasks like data analysis, decision-making, and innovation.
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The RPA pilot not only benefits the Company’s ongoing various business processes and operating efficiency, it also lays a solid foundation for offering RPA technology solutions to clients in the banking, insurance, and financial industries. Going forward, CLPS plans to explore solutions that combine RPA with artificial intelligence and big data to facilitate digital transformation and to create greater business value to its clients.
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