Fiba CP Switches To Robotic Technology In Finance!

Fiba a Commercial Properties (FIBA CP), one of the leading commercial real estate investors of Turkey, has completed its robotic automation transformation in financial processes it started two years ago. Stating that the transition to Robotic Process Automation (RPA) in finance will minimize the margin of error and increase productivity, Fiba Commercial Properties CEO and Board Member Yurdaer Kahraman emphasized that performing repetitive operations with robotic technology will also enhance the benefit of skilled human resources.

Technology to minimize risk and error

Yurdaer Kahraman mentioned that taking advantage of all the possibilities of technology at the current point of corporate life minimizes the share of error and risk, thus providing the companies with time and productivity. Kahraman said that “In the Robotic Automation Processes we transitioned in finance, every system and application in digital will be able to be operated by interconnecting. Technology will reduce our operational burden in large-volume, repetitive and predictable processes and enhance productivity of our business. Of course, it will leave the job to us and wait for our instructions in processes that require a high level of interpretation skills."

Increase in productivity

Fiba CP CFO Levent Kaya mentioned that all operations with high transaction capacity managed by Fiba CP will switch to Robotic Process Automation and said, "Currently, we have robotized 16 processes completely. All transactions, from in-house reminder e-mails to  concordatum follow-up, from reminders for letters of guarantees to settlement agreements, are carried out in a complete, timely and rapid manner through the automation process. For a company with the scale similar to Fiba CP, managing processes and skills accurately means a great increase in productivity. Our valuable human resources will focus on developing the business, our customers and the areas where they can use their skills correctly, instead of what we call paper work." Emphasizing that productivity and performance are important for Fiba CP, Kaya stated, "All our stakeholders and brands we serve and work with will notice the difference in the productivity gained by our company. We will increase the benefit we provide in all of the projects we manage with digital transformation."

It accelerated more than 21 times

Business partner of Fiba CP, leading digital transformation in the real estate sector, Bilgi Transferi Teknoloji Mühendislik Yön. Dnş. Ltd. Şti. General Manager Ufuk Peker mentioned that the company achieved a record speed with the robotic technology implemented in the financial processes of the company. According to the information provided by Ufuk Peker, while the average speed that occurs with the implementation of RPA processes is generally around 6-6.5 times, Fiba CP realized an acceleration of more than 21 times with Robotic Process Automation. In other words, the realization of the work carried out using manual methods with robotic technology has shortened the average time of the work carried out by more than 21 times. Ufuk Peker added that the corporate culture's belief in digital transformation plays a key role in the success of the RBA processes, and the innovative perspective of the Fiba CP team had a great impact on the success of the process.