NICE Robotic Process Automation and Minit Partner to Expand Breadth and Depth of Opportunity Discovery
July 21 2020 - 6:30AM
Business Wire
Combining NICE's AI and analytics infused
desktop process mining capabilities with Minit's visually enriched
approach boosts process automation discovery accuracy, driving
improved return on investment
NICE (Nasdaq: NICE) today announced that it's Robotic
Automation business has partnered with Minit to help organizations
discover optimal processes to automate graphically with
unparalleled accuracy. Combining Minit’s visual and interactive
process maps and statistics with the AI-driven desktop analytics
capabilities of NICE’s Automation Finder enables graphical mapping
and prioritization of end-to-end processes with the finer sequences
and routines. This clear visual prioritization and mapping of
automation processes result in increased deployment success,
operational efficiency and return on investment (ROI).
In their December 2019 report entitled 'Predicts 2020: RPA
Renaissance Driven by Morphing Offerings and Zeal for Operational
Excellence' Gartner forecasts, "By 2023 50% of new RPA scripts will
be dynamically generated." Further, “The integration of process
mining, ingestion engines, analytics, user experience and machine
learning will facilitate the creation of AI-generated RPA scripts
that mimic the capabilities of humans.” With the combination of
NICE RPA's Automation Finder and Minit’s smart automation discovery
technologies, NICE and Minit believe organizations can enjoy the
combined benefit of these capabilities today.
Minit's visual and interactive process maps and statistics
provide a high-level view of the optimal end-to-end process
candidates for automation. These insights are then deepened and
enriched as NICE RPA's Automation Finder analyzes the finer process
sequences making up employee desktop actions. The result is a rich
graphic display of the best processes to automate along with the
optimized process sequences. The process sequences can then be
seamlessly designed and built using NICE’s automation design tool,
Automation Studio, and operationalized with NEVA (NICE Employee
Virtual Attendant). The deployed process automations are
continuously monitored and optimized, while additional
opportunities for optimization are sourced.
Barry Cooper, President of the NICE Enterprise Group,
said, "Smart process automation discovery is a critical step in
ensuring automation success. This partnership with Minit provides
the most intelligent and comprehensive approach for choosing the
processes most conducive to automation success with flawless
precision.”
Rasto Hlavac, CEO of Minit, said, "NICE RPA's innovative
technology is a perfect fit for our process mining capabilities,
providing what we know is a proven way for pinpointing processes
that make the most financial sense to automate. We're excited to
partner with NICE in delivering value to our customers."
About NICE NICE (Nasdaq: NICE) is the world’s leading
provider of both cloud and on-premises enterprise software
solutions that empower organizations to make smarter decisions
based on advanced analytics of structured and unstructured data.
NICE helps organizations of all sizes deliver better customer
service, ensure compliance, combat fraud and safeguard citizens.
Over 25,000 organizations in more than 150 countries, including
over 85 of the Fortune 100 companies, are using NICE solutions.
www.nice.com.
About Minit Minit is one of the leading providers of
process mining software, globally. Our mission is to create fully
transparent operations for large enterprises based on what is
really going on in their business. Our software reshapes the entire
business process management cycle from automatic process discovery,
through continuous monitoring and analysis of the processes in near
real-time, up to taking action to improve the process. Minit -
Seamless Processes Start Here. www.minit.io
Trademark Note: NICE and the NICE logo are trademarks or
registered trademarks of NICE Ltd. All other marks are trademarks
of their respective owners. For a full list of NICE’s marks, please
see: www.nice.com/nice-trademarks.
Forward-Looking Statements This press release contains
forward-looking statements as that term is defined in the Private
Securities Litigation Reform Act of 1995. Such forward-looking
statements, including the statements by Mr. Cooper, are based on
the current beliefs, expectations and assumptions of the management
of NICE Ltd. (the “Company”). In some cases, such forward-looking
statements can be identified by terms such as “believe,” “expect,”
“seek,” “may,” “will,” “intend,” “should,” “project,” “anticipate,”
“plan,” “estimate,” or similar words. Forward-looking statements
are subject to a number of risks and uncertainties that could cause
the actual results or performance of the Company to differ
materially from those described herein, including but not limited
to the impact of changes in economic and business conditions,
including as a result of the COVID-19 pandemic; competition;
successful execution of the Company’s growth strategy; success and
growth of the Company’s cloud Software-as-a-Service business;
changes in technology and market requirements; decline in demand
for the Company's products; inability to timely develop and
introduce new technologies, products and applications; difficulties
or delays in absorbing and integrating acquired operations,
products, technologies and personnel; loss of market share; an
inability to maintain certain marketing and distribution
arrangements; the Company’s dependency on third-party cloud
computing platform providers, hosting facilities and service
partners;, cyber security attacks or other security breaches
against the Company; the effect of newly enacted or modified laws,
regulation or standards on the Company and our products and various
other factors and uncertainties discussed in our filings with the
U.S. Securities and Exchange Commission (the “SEC”). For a more
detailed description of the risk factors and uncertainties
affecting the company, refer to the Company's reports filed from
time to time with the SEC, including the Company’s Annual Report on
Form 20-F. The forward-looking statements contained in this press
release are made as of the date of this press release, and the
Company undertakes no obligation to update or revise them, except
as required by law.
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version on businesswire.com: https://www.businesswire.com/news/home/20200721005431/en/
Corporate Media Christopher Irwin-Dudek, 201-561-4442,
chris.irwin-dudek@nice.com
Investors Marty Cohen, +1 551 256 5354, ET
ir@nice.com
Yisca Erez +972 9 775 3798, CET ir@nice.com
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