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Verint Launches Robotic Process Automation Solution to Help Drive Productivity, Reduce Costs and Support Regulatory Compliance

Wed Jul 20, 2016

Automation Continues to be Top of Mind with Enterprises Looking to Optimize Customer Engagement

MELVILLE, N.Y., July 20, 2016Verint® Systems Inc. (Nasdaq: VRNT) today announced the availability of Verint Robotic Process Automation™, a set of advanced capabilities that uses software robots to automate, manage and execute high volumes of time-consuming business processes around-the-clock each day. Leveraging the software, organizations can significantly reduce the need for manual processing of routine tasks or entire multi-step processes to improve the quality and consistency of transactions. Enterprises also can benefit from increased operational efficiency, higher productivity and quality, and reduced costs, all while maintaining the security of sensitive information and helping ensure regulatory compliance.

Today’s organizations often need to execute thousands of time-intensive business processes each day. Using Verint Robotic Process Automation, they can automate functions such as customer address changes, claims processing, underwriting, policy administration, and other high-volume tasks and transactions. This helps eliminate errors often seen with human manual data entry. Automating these routine, repetitive activities also enables employees more time to focus on value-added and customer-related functions that can positively influence engagement and have a greater impact on the business.

Using Verint Robotic Process Automation, organizations can:

•    Increase productivity by automating high volumes of contact center and back-office processes during peak periods around-the-clock and complete more activities in less time
•    Take quality to a new level and eliminate human error by offloading tedious, error-prone processes that require data to be rekeyed manually into multiple systems
•    Address compliance needs to help automate processes in accordance with regulatory or other requirements to help manage risk
•    Scale to demands by responding quickly to periods of peak or unexpected volume by bringing additional robots online to increase capacity
•    Reduce operational costs by having employees spend less time on mundane, repetitive tasks and decreasing in-house and/or outsourced workforce expenses
•    Maximize time and resources leveraging robotics capabilities to handle non-value-added processes
•    Maintain a secure environment leveraging robots, rather than employees, to process sensitive tasks or handle confidential information

Using patented visual recognition technologies that do not require integration or programming to work with other applications, the Verint Robotic Process Automation solution can run business processes across multiple applications and enable step-by-step process recording using clicks of a mouse and navigation within existing user interfaces of those applications. As a result, organizations can easily record scripts for robots to execute on the front end. A centralized administrator or business user manager can also manage and monitor the productivity of robots by using the Robotic Process Automation solution’s web-based dashboard.

In addition, this same technology can be deployed to work side-by-side with employees, providing “show me” functionality that guides them through new or infrequently used processes, or to assist with training new employees during onboarding. Leveraging the new Verint Process Assistant™ solution, the same web studio and dashboard for recording tasks and monitoring usage can be leveraged using scripts created to automate portions of tasks on the desktop that an employee picks up and completes.

“To keep pace with competitive global market demands, organizations are often charged with doing more in less time. That’s where software like our Robotic Process Automation and Process Assistant can help,” explains Kristyn Emenecker, global vice president, product strategy group, Verint Enterprise Intelligence Solutions™. “These solutions are designed to help organizations simplify routine tasks and processes to boost productivity and reduce errors in order to improve quality and downstream customer impact, in addition to securing sensitive information and supporting regulatory compliance demands.”

“By automating and executing these tasks, robots free up valuable human resources to handle more value-added processes and customer-focused work. This translates into an ability to boost efficiency and the automation of tasks, as well as employee engagement by creating and shifting more interesting and less repetitive activities,” adds Emenecker.

About Verint Systems Inc.

Verint® (Nasdaq: VRNT) is a global leader in Actionable Intelligence® solutions with a focus on customer engagement optimization, security intelligence, and fraud, risk and compliance. Today, more than 10,000 organizations in 180 countries—including over 80 percent of the Fortune 100—count on intelligence from Verint solutions to make more informed, effective and timely decisions. Learn more about how we’re creating A Smarter World with Actionable Intelligence® at www.verint.com.

This press release contains “forward-looking statements,” including statements regarding expectations, predictions, views, opportunities, plans, strategies, beliefs, and statements of similar effect relating to Verint Systems Inc. These forward-looking statements are not guarantees of future performance and they are based on management's expectations that involve a number of risks, uncertainties and assumptions, any of which could cause actual results to differ materially from those expressed in or implied by the forward-looking statements. For a detailed discussion of these risk factors, see our Annual Report on Form 10-K for the fiscal year ended January 31, 2016, our Quarterly Report on Form 10-Q for the quarter ended April 30, 2016, and other filings we make with the SEC. The forward-looking statements contained in this press release are made as of the date of this press release and, except as required by law, Verint assumes no obligation to update or revise them or to provide reasons why actual results may differ.

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