V1 rockets into Robotic Process Automation

Finance automation outfit V1 has announced it will be a Gold Partner at the Sage Summit in Dubai on 2-4 April. The event’s overarching theme is ‘drive to thrive’, and V1 will demonstrate how the benefits of Robotic Process Automation (RPA) has boosted sales for the thriving business, especially around its partnership with Sage. Sage is one of the oldest UK tech companies but gets relatively little coverage because it specialises in accountancy software.

The company achieved ‘Rockstar’ status within the Sage partner community in 2017 and has seen 28 per cent growth in channel bookings, year on year.

V1 Director Dean McGloneat said that businesses were “finally waking up” to the operational efficiencies that can be achieved with RPA and are wanting more than basic enterprise document management.

“As a result, we’re seeing unprecedented demand for our RPA solutions from the Sage reseller community. Feedback from Sage customers using it, when integrated with Sage Business Cloud Enterprise Management, demonstrates the value of invoice automation in accelerating the transformation of finance operations.

“Businesses cannot afford to waste time and money on mundane finance tasks, which can be automated by a cloud-enabled RPA solution. Until now, RPA has been overshadowed by Artificial Intelligence (AI) but, thanks to partnerships between industry-leading organisations like V1 and Sage, awareness is changing. The success of this partnership has been instrumental in us becoming a Gold Sponsor at the Sage Summit.”

Forrester predicted that the RPA market will reach $1.7 billion in 2019. However, V1 believes many customers are still confused by the story around new technology trends. For example, new research by Advanced found that,although 65 percent of people would be happy to work alongside robotic technology if it meant less manual processes – therefore increasing productivity and efficiency levels – RPA was not a spending priority.

“Despite the success that our partnership with Sage is achieving, we believe there is still a knowledge gap when it comes to RPA. We are yet to achieve tipping point, which is an indication of the opportunity for even greater growth next year. V1 is an excellent example of how partnering with Sage can help businesses thrive”, said McGloneat .

“We believe that Sage Business Cloud Enterprise Management resellers can tap into this opportunity and gain advantage by ensuring V1 is part of the overall financial management proposition. It’s an easy win – the time and cost savings from RPA technology such as V1 are quickly visible, as customers can immediately do the maths based on the number of core yet daily financial processes that are ripe for automation – such an invoice processing. This makes it easier for the end customer to see the return on investment of the integrated solution, which in turn delivers growth for the partner community.”