Contract renewals are often a complex process. Many steps are involved and typically, there isn’t much synchronization between systems and departments. So then, information might get lost in the mix, and errors are entered.
However, RPA can take over some tasks by standardizing communication with the client. RPA can also process updates, draft documents, and update internal systems. Therefore, the process is streamlined, human error is mitigated, and turnaround time is improved.