LONDON and AUSTIN, Texas and WASHINGTON,
July 8, 2021 /PRNewswire/
-- Blue Prism® and Lateetud today announced that their joint
solution has been named a finalist for the Artificial Intelligence
2021 Microsoft Partner of the Year Award. The solution was honored
among a global field of top Microsoft partners for demonstrating
excellence in innovation and implementation of customer solutions
based on Microsoft technology.
The Microsoft Partner of the Year Awards recognize Microsoft
partners that have developed and delivered outstanding
Microsoft-based solutions during the past year. Awards were
classified in various categories, with honorees chosen from a set
of more than 4,400 submitted nominations from over 100 countries
worldwide. Blue Prism and Lateetud were recognized for providing
outstanding solutions and services in the area of artificial
intelligence.
"Blue Prism is excited to be recognized as a finalist for
2021 Microsoft Partner of the Year in the area of artificial
intelligence, alongside our mutual partner, Lateetud. This
intelligent automation solution made a real difference to people
during the COVID-19 crisis, ensuring that small businesses, seeking
to use the Paycheck Protection Program (PPP), were able to access
loans quickly by reducing the loan approval process from weeks to
hours. This is a clear example of the power of automation and its
ability to make a difference to people, especially in times of
need," said Linda Dotts,
chief partner strategy officer at Blue Prism.
Blue Prism and Lateetud created a turnkey, cloud-delivered
solution on Azure to automate SBA PPP loans, combining Blue Prism's
intelligent automation platform with the Microsoft Power Platform
and Azure Cognitive Services. The solution uses Azure Form
Recognizer to transform unstructured data from a loan application
into structured data for automated processing, Microsoft Power
Platform capabilities for data extraction, workflow, chatbot and
reporting and Blue Prism to automate and perform all Know Your
Customer (KYC) and underwriting functions. It also includes a loan
origination component.
- Borrowers submit PPP applications through Lateetud's borrower
portal.
- Azure Form Recognizer then works to understand and extract
data, while Power BI manages documents.
- When ready, Power Automate kicks off the digital workforce for
processing via a Blue Prism-developed connector that integrates
with every element of the Power Platform.
- Users can also engage with the bank throughout the process via
Power Virtual Agents.
I am proud to acknowledge this recognition, on behalf of the
entire Lateetud team alongside our partner Blue Prism and we thank
Microsoft for all the support provided through the
year," says Murali
Menon, CTO, Lateetud. "Through this combination of
technologies, like Azure Form Recognizer and Microsoft Power
Platform, along with Blue Prism intelligent automation, we have
built a solution that banks can deploy to save jobs and small
businesses. Processing loans faster, so individuals and businesses
can receive their funds faster."
"I am honored to announce the winners and finalists of the
2021 Microsoft Partner of the Year Awards," said
Rodney Clark, corporate vice
president, Global Partner Solutions, Channel Sales and Channel
Chief, Microsoft. "These remarkable partners have displayed
a deep commitment to building world-class solutions for customers -
from cloud-to-edge - and represent some of the best and brightest
our ecosystem has to offer."
Find out more about how Blue Prism, Lateetud and Microsoft
work together.
Notes to editors:
About Blue Prism
Blue Prism is a global leader
in enterprise robotic process automation (RPA) and intelligent
automation, transforming the way work is done. We have over 2,000
customers in over 170 countries and 70 industry verticals,
30% in the Forbes Global 2,000, creating value with new ways
of working by unlocking efficiencies and returning millions of
hours of work back into their businesses. Our enterprise
digital robots offer high-scale automation that is secure,
smart, accessible to all, enabling centrally managed
human and digital workforces of the future and freeing up humans to
re-imagine work. To learn more visit www.blueprism.com and
follow us on Twitter @blue_prism and on LinkedIn.
© 2021 Blue Prism Limited. "Blue Prism", the "Blue Prism" logo
and Prism device are either trademarks or registered trademarks of
Blue Prism Limited and its affiliates. All Rights
Reserved.
About Lateetud
Lateetud is a global award-winning
intelligent process automation company. We provide software and
implementation for Robotic Process Automation (RPA), Business
Process Management (BPM), and Advanced Data Intake - often fueled
with cognitive capabilities such as natural language processing and
machine learning. On-site implementation services include
architecture setup, training, deployment and governance best
practices, and shoulder-to-shoulder automation modeling. We also
offer off-site automation modeling to augment the Center of
Excellence for large clients, and Automation-As-A-Service. To learn
more visit www.lateetud.com and follow us on Twitter @lateetud and
on LinkedIn.
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SOURCE Blue Prism