Several attributes make trade capture a particularly good fit for robotic process automation (RPA). These include:
RPA can perform trade capture tasks more quickly than is humanly possible, making results available for reporting and decision-making on the fly. In addition, robots never make calculation or data-entry errors.
Without employing RPA the trade capture process requires traders to perform several manual activities and encompasses many moving parts. Any of these can cause breakdowns and bottlenecks, robbing commodities trading organizations of productivity:
RPA streamlines the capture of both purchases and sales of physical liquid commodities by triggering their import from the spreadsheet into the corresponding fields in the CTRM platform.
The bot not only enters the provided data but also validates any data missing from the spreadsheet.