Energy & Utility is one of the most consumer-dependent industries which makes this segment even more special. Our society depends on energy, water, and gas, we can’t imagine our daily lives without these services. Considering the high number of human-generated transactions - for instance, to pay the bill for the listed needs - the probability of human-made errors significantly increases. This is when RPA comes into the picture, to manage repetitive workflows and tasks.
E&U companies manage thousands of metering, installation, maintenance, billing consumption-, and customer management tasks – these are just a few examples from vital processes – to provide the highest customer satisfaction. These repetitive processes can be automated of course. According to Capgemini's report, the Utility & Energy sector could realize cost savings from $237 billion to $813 billion if intelligent automation were implemented. Robots are available 24 hours a day, 7 days a week, 365 days a year while significantly decreasing human-made damages. It is no question in 2021, why using robots in the EU&R sector is a must.
As in our previous blog post, Robotic Process Automation (RPA) focuses on automating repetitive processes based on rules to imitate human interactions with different applications at the same time. E&U industry has a wide variety of processes that robots can automate. In Capgemini’s report 47% of executive participants said that the cost-efficiency of RPA were under-estimated in Energy and Utility sector as they perceived the following:
E&U companies read the consumption meter before they send the bills to their customers and it is made by humans. Workers sometimes generate bills based on incorrect numbers that lead to under-, or overcharging the consumer. Errors deriving from not validated data can result in destroying company reputation and the loss of trust from consumers’ side. Automating meter reading validation reduces human-made errors to zero, reduces time and cost. RPA robots detect the data failure in the system in seconds, helping customer –facing departments to provide the highest quality of services.
Another critical task for utility companies is processes in connection with billing and statements. Automating payments with RPA technology helps to manage receivables, process payments, and to correct not validated bills created for consumers. As you can see, RPA is the biggest help for E&U companies for two main reasons: making general, vital processes fast and cost-efficient, thus increasing the level of customer satisfaction. In the case of payment, RPA robots can be taught to provide deep analytics and better data management forecasts.
Every E&U organization follows strict processes when setting up a new account in the system, it is quite time-consuming to save the right, real customer information. RPA can speed up account opening processes and reducing errors of saving unreal information provided by the customer. RPA double-checks the validity of information based on automation rules and fills all the fields if the information matches the pre-set rules.
These are just a few examples of RPA solutions in the Energy and Utility sector, if you’re interested in more custom automation, contact us here. Grape Solutions is an official silver partner of UiPath, helping clients with basic & complex RPA projects globally.