EZOPS Launches Automation for End User Defined Technology (EUDT) Workarounds
SAN FRANCISCO & NEW YORK & DUBLIN – (COMMERCIAL THREAD) – EZOPS, the leading provider of AI-powered data control, workflow automation and regulatory reporting, has announced a unique new solution that helps financial institutions eliminate hidden risks and the inefficiencies of end user defined technologies (EUDTs). EZOPS offers a frictionless transition from manual workarounds and offers data control and automation and obsolete data management and spreadsheet-based workflows.
End User Defined Technologies (EUDTs) hide risk at enormous cost and are not viable in the digital battlefield. For decades, users have relied on stand-alone tools based on Excel, Access, or SQL queries to manually manage business processes at the risk of serious business risk. Not only do these workarounds require manual resources to power them, but they are subject to high levels of operational and process risk. By their very nature, they are not scalable and lead to reputational risk and monetary impact on an organization.
EZOPS provides a controlled and secure alternative to EUDTs which are used to manually integrate, aggregate, transform, enrich, or reconcile data and manage business processes. EZOPS solution eliminates dependency on key people and offers automation that improves the efficiency of repeatable activities such as retrieval, validation, transformation, data computation and information and workflow instruction .
“Without quality or version control and without the risk of human error, these end-user solutions can lead to errors that affect business critical tasks,” said Bikram Singh, CEO and co-founder of EZOPS . “Data quality issues leading to manual workarounds hamper the growth of financial institutions. The way forward to generate operational alpha and profit lies in intelligent automation and reducing reliance on EUDT. ”
By implementing the EZOPS ARO platform, financial institutions are able to move from manual and spreadsheet-based tasks to automated business processes that operate in a controlled and transparent manner. User-centric data control and automation provides a standardized solution with a single version of the truth, resulting in accurate reports that empower key executives to make sound business decisions.
EZOPS ‘robust solution provides a single version of the truth, which is vital for generating accurate reports and making critical business decisions. The solution enables replication of math functions based on spreadsheets, has audit history, version control, built-in automatic data transformation, and built-in workflow and reporting capabilities.
EZOPS ‘solution is as easy to use as that used by many EUDT institutions, while providing the security and control expected by C suite and regulators. Prior to migrating to the EZOPS system, the current state of an institution’s manual tasks can be assessed to determine a prioritization schedule for implementation to avoid regulatory risk. Once established, users can configure any type of reconciliation on an unlimited number of sources. The data is automatically ingested and transformed and all changes are captured by the version control and audit modules and are available for reporting. Machine learning algorithms can be applied to identify the root cause of exceptions, saving users time finding and investigating pauses, and resolutions can be automated through the Intelligent Process Automation framework. from EZOPS.
EUDT and manual workarounds involve complex processes and interdependencies across an enterprise. EZOPS AI-powered, user-configurable automation eliminates risk and inefficiencies, driving valuable and impactful results for financial institutions.
User-defined technologies hide risks at enormous cost and are unsustainable in the digital battlefield. Get your free copy of the EZOPS White Paper on End User Defined Technology (EUDT) Automation, Spreadsheets and other proprietary manual workarounds and the business benefits that automation can bring to your business of financial services by clicking here: https://www.ezops.com / solutions / automating-human-process-technologies
About EZOPS, Inc.
EZOPS harnesses the power of machine learning and intelligent process automation to revolutionize data control and drive transformative efficiencies in some of the world’s largest financial services institutions. EZOPS offers comprehensive functionality that large and complex enterprises need to manage the four pillars of operational data control – reconciliation, search, remediation and reporting – all powered by machine learning and intelligent management of data flows. job. EZOPS operates worldwide with offices in the United States, Europe and Asia. For more information or support on EZOPS or EZOPS ARO, please visit www.ezops.com.