COVID-19 Accelerates Cloud and SaaS Demand for Blue Prism's
Digital Workforce
LONDON and AUSTIN, Texas, June 23,
2020 /PRNewswire/ -- Over the first half of fiscal 2020,
Blue Prism® (AIM: PRSM) reported a 70% increase in revenues to
£68.5 million and saw numerous enterprise customers including the
UK's National Health Service (NHS) and Utilita, all moving to
a cloud or Software-as-a-Service (SaaS) intelligent automation
delivery model. COVID-19 has intensified this strategic focus on
transitioning to more dynamic and scalable operating models
enabling organizations to respond at speed to unpredictable market
shifts. These numbers also validate Blue Prism's position as one of
fastest revenue growth companies in the large UK public software
sector while being one of the most successful technology exports
from the UK.
Blue Prism's Digital Workforce, software that aims to mimic
human workers and can automate any business process, is helping
more than 1,864 enterprise customers compete and reinvent
themselves. Over the first six months of its financial year
Blue Prism has seen its cloud and SaaS revenue grow at a rate of
57% faster than median US public SaaS companies helping drive
£11.6 million in monthly recurring revenues while maintaining a 98%
gross revenue retention rate from existing customers.
The company's investments in building out a first-class cloud
eco-system and capabilities have placed it first in line to meet
the global surge in market demand for cloud solutions. Out of the
box access to AI capabilities make Blue Prism a natural first
choice for enabling customers to extend their use of intelligent
automation across more complex business processes.
"We've seen a shift towards cloud and SaaS delivery models over
the past few months," says Jason
Kingdon, Chairman and CEO of Blue Prism. "Blue Prism was
early in predicting this trend, investing in cloud reference
architectures to optimize performance as well as adding SaaS
capabilities to our portfolio for those clients who want to access
a turnkey platform delivered as a service. This momentum will only
increase as we continue our quest to simplify access to
leading-edge AI and cognitive capabilities, democratize the use of
digital workforces and underpin a digital transformation for all
enterprises."
Responding to COVID-19
Business continuity and
working remotely has become a top IT priority in recent months.
Blue Prism's COVID-19 Response Program is at the forefront of the
pandemic crisis helping organizations maintain business continuity
and assisting those on the front lines of the health emergency.
Launched in mid-March, the program already encompasses over 70
projects across multiple industries and has donated hundreds of
Digital Workers (software licenses) and thousands of service hours,
helping alleviate the disruption caused by COVID-19. Here's what a
few customers had to say:
"Over the past three years T. Rowe
Price has leveraged Robotic Process Automation (RPA) as a
key pillar in our operational strategy to digitize high volume,
manual processes utilizing Blue Prism products. These digital
workers process tens of thousands of transactions monthly," says
Dominick Cipolla, Head of Retirement
Plan Services Operations at T. Rowe
Price. "As we prepared for CARES Act withdrawals, we
knew RPA capacity would need to increase in a matter of days to
support the expected transaction volumes. We leveraged the Blue
Prism COVID-19 license loan program to add the needed capacity,
enabling our existing RPA processes to run smoothly as well as
support the high COVID withdrawal volumes. The Blue Prism COVID-19
license loan program helped T. Rowe
Price to meet the needs of our 401k participants in this unprecedented
time."
"The ability to respond and automate at this hyper-level is a
game changer and made a real difference in people's lives," says
Thomas Zernick, President, SBA
Lending Division of at First Home Bank. "We are closing in on
saving around 85,000 jobs and $770
million (US) in loans secured, with 99 percent of loans
being processed on the day of application. We are also using the
technology to automate upstream and downstream activities like
application validation and loan closures, respectively. As a next
step we are working on automating the loan forgiveness
process."
Three Clicks to Your Digital Workforce
Blue Prism
continues to tap into the R&D efforts of the world's most
innovative companies. The company's Digital Exchange (DX) is
an intelligent automation "app store" that brings together some of
the most disruptive and groundbreaking intelligent automation
capabilities on the planet. This online community now includes more
than 80 Technology Alliance Program (TAP) partners, who
collaborate, develop, and share intelligent automation capabilities
by uploading them to the DX. These new capabilities can be added
with just three mouse clicks into Blue Prism's Digital Workforce—no
coding required. It opens up a vibrant ecosystem of partners
providing access to automation processes and functions, connectors,
and AI skills while still maintaining the highest levels of
security.
Intelligent Automation Delivered Your Way
Blue Prism
customers and prospects are moving to the cloud, and they want an
automation platform that is cloud-ready and that offers
flexibility, interoperability, and choices to accomplish everything
they want to do in the cloud. Over the past six months the company
has delivered on:
- Launching new capabilities from the acquisition of Thoughtonomy
(now branded as Blue Prism Cloud) allowing all Blue Prism users to
orchestrate and manage all automation operations more efficiently.
The innovative suite of SaaS delivered products called Blue Prism
Cloud Hub, Interact and IADA™ helps customers maximize productivity
and increase return on investment.
- Bring Your Own License (BYOL) offering on Oracle Cloud
Infrastructure – Blue Prism is pre-installed on an image for easy
deployment on an Oracle Cloud Infrastructure Compute instance.
- Microsoft Form Recognizer API Skill on Blue Prism DX – Gives
users the power to quickly add deep-learning algorithms, advanced
machine learning, and key value pair extraction to any Blue Prism
process to get more insights from unstructured data.
- Microsoft Power Platform Connector on Blue Prism DX – Joint
users are now able to include Blue Prism processes into new or
existing PowerApps and Microsoft Flow Business Processes.
- Integration with IBM Cloud Pak for Automation: Capabilities
include business automation workflow (BPM and ACM), business
decision automation, AI, machine learning and intelligent document
processing in a single solution. Can be deployed on IBM public
cloud, or on a cloud native reference architecture to run on any
public cloud (Kubernetes capability).
- Blue Prism continues to expand its technical partnership with
Amazon Web Services (AWS) with new native integrations for both
Amazon Connect and Amazon Textract, joining existing native
integrations with Amazon Rekognition, Amazon Translate, and Amazon
Comprehend.
The combination of cloud partnerships, disparate native
integrations, and flexible deployment options make Blue Prism a
more intuitive and effective intelligent automation platform to
help organizations accomplish digital transformation goals, migrate
data, consume AI, and better manage cloud resources.
About Blue Prism
Blue Prism's vision is to provide a
Digital Workforce for Every Enterprise. The company's purpose is to
unleash the collaborative potential of humans, operating in harmony
with a Digital Workforce, so every enterprise can exceed their
business goals and drive meaningful growth, with unmatched speed
and agility.
Fortune 500 and public-sector organizations, among
customers across 70 commercial sectors, trust Blue Prism's
enterprise-grade connected-RPA platform, which has users in more
than 170 countries. By strategically applying intelligent
automation, these organizations are creating new opportunities and
services, while unlocking massive efficiencies that return millions
of hours of work back into their business.
Available on-premises, in the cloud, hybrid, or as an integrated
SaaS solution, Blue Prism's Digital Workforce automates ever more
complex, end-to-end processes that drive a true digital
transformation, collaboratively, at scale and across the entire
enterprise.
Visit www.blueprism.com to learn more or follow Blue Prism
on Twitter @blue_prism and on LinkedIn.
© 2020 Blue Prism Limited. "Blue Prism", "Thoughtonomy", the
"Blue Prism" logo and Prism device are either trademarks or
registered trademarks of Blue Prism Limited and its affiliates. All
Rights Reserved.
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