Robotic Process Automation - [New Learning]

I personally think aside from spending all the time on making money from the market, we should also spend some time to learn new stuff. So today I'm going to share some of my takeaways from my recent learning on this new technology.  

Enjoy learning and spending time for your own hobbies too. Feel free to share your story on comments below!  

The sharing today will be on what I gain from exploration and learning of this software tools named Robotic Process Automation (RPA).  

 

What is Robotic Process Automation (RPA)?  

RPA is a software technology that makes it easy to build, deploy, and manage software robots that emulate human actions interacting with digital systems and software, through defining a set of instructions.  

 

3 Types of Robots:  

1. Basic Process Automation.  
2. Enhanced Process Automation.  
3. Cognitive Automation.  

 

How RPA approach fit with Enterprise Architecture?  

1. RPA sits outside the enterprise architecture.  
2. It can be applied anywhere.  
3. Used as a fast-prototyping of automation requirements.  
4. Full requirements and templates for traditional IT change program.  

 

5 Major Function Areas For RPA Adoption:  

1. Human Resources  
2. Finance and Accounting  
3. Supply Chain  
4. IT Services 
5. Quality and Assurance Testing  

 

3 Key RPA Business Processes:  

1. Business Process Reengineering.  
2. Business Process Management.  
3. Business Process Automation.  

To achieve a successful implementation of RPA in an organization, the below are the key considerations to take note of:  

1. Governance.  
2. Performance Transparency.  
3. Activation from the organisation.  
4. Leadership and coaching support. 

 

5 Guiding Principles For Successful RPA Implementation In A Organisation:  

1. Strategically Applied.  
2. Led by Business Process Owner. 
3. Quantified and Reported.  
4. Speed with Maturity.  
5. Appropriately Integrated.  

 

7 elements to determine Processes to be RPA-ed:  

1. Data Intensive.  
2. Repetitive in nature.  
3. Rules-driven.  
4. Manual.  
5. Time consuming.  
6. Prone to errors.  
7. Limited human judgement and intervention required.  

 

Recommended Process Assessment for ROA Pilot:  

1. Is the current process is a short and simple process?   Indicate the number of steps for current process completion. 
    
2. Is it having low variation?   Indicate the number of scenarios involved.  
   
   
3. Is it involving low number of systems?  
   Determine how many systems involved for completing current process.    

 

Top 4 Key Players of RPA In The Market:  

1. KRYON  
2. UiPath 
3. Automation Anywhere 
4. Blue Prism  

Feel free to leave your comments on below if you have any feedback or sharing. 

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Image Source: Gojek

Syfe Singapore Review - How Can You Get Started?

What is Syfe?

Syfe is a digital wealth manager licensed by the Monetary Authority of Singapore under a Capital Markets Services License (License No: CMS100837) for conducting retail fund management activities. We offer fully-managed investment portfolios for everyone, making it easier for all to reach their financial goals. 

I have been searching for a Robo advisor that allows me to invest in REIT funds and Syfe seems like the only Robo which cater for this fund. 

Their REIT+ fund allows you to select a risk management option, which seems to be a good option for those with low risk appetite.

Its past performance indicates a return of 4.6% – 5.1% per annum and it makes me feel that the management fee of 0.4% - 0.65% is absolutely worth it.

I think it is a very good opportunity if you would like to try out Syfe investment tool. As a new sign up with my referral code, you will receive a 6 months fee waiver on their first S$30,000 investment. This is really a generous offer by Syfe for you to hands-on with your investment using Robo advisor platform. 

Sign Up Experience

The sign up experience was pretty convenience and straight forward process. You can sign up either using web browser, or download the Syfe apps on your mobile. It is so simple using MyInfo sign up approach, where your application could even get instantly approved. 

Top Up and Withdrawal Experience

Their top up feature was quite straightforward using PayNow option. My top-up was reflected in just half an hour within the business day. Syfe also offers other options for top-up such as FAST transfer and Wire Transfer. 

Update as of 26 June: There is a new Referral Programme from 15 March 2021 onwards. Promotion is still ongoing.

• Referral Code: SRPRZYMJN
• Syfe Referral Program - Connect

I am willing to give 55% of my part of referral reward (which is up to $55) to you, in cashback! This is on top of the Syfe's welcome gift.

For example (with reference to the pictures below):

·       You open a Syfe account and is later approved. You make the first deposit of 10,000 SGD into REIT+/Equity100/Global ARI or Core

• From Syfe, you will get 6 months managed free, up to the first $30,000
• From me, you will receive $27.50 cashback (55% of what I receive)

Please send me your Syfe Username and mobile number for paynow/paylah once your registration is completed and deposited with funds.

• Telegram: @wnuff

Feel free to drop me a text/comment for any queries. Thank you in advance for using my referral code!

Precautions when opening a Syfe account:

• Please take caution to not use Syfe's own promo code of e.g. "Syfewaiver" because only one referral/promo code is allowed and in this case, Syfe will choose the apply its own code instead. I will not be able to offer you cashback since I do not get any referral reward.
• Do note the difference in referral reward when you deposit fund into Syfe Core/ Equity100/ REIT+ or Global ARI portfolio vs Syfe Cash+ portfolio.

Syfe holds a CMS license issued by the Monetary Authority of Singapore. The CMS is essentially more of a fund management license versus an advisory one. The primary advantage is that it allows them to chop and change the composition of their product without the constant authorization of the clients.

Disclosure: This is NOT a sponsored post. All opinions are of my own.

Mapletree Industrial Trust (SGX: ME8U)

1. The price of the stocks was at $2.79 on 09 Jun 2021. 
2. The target price based on Analyst is to be at $2.86.
3. Based on the chart the stock is currently moving side ways. 
4. Based on current market conditions, my targeted entry price for ME8U would be at $2.65. 
5. Overall, I feel that ME8U is a good REIT to buy due to its consistent financial results and long term growth prospect. As the economy continues to digitalise, there would be heightened demand for data and more advanced industrial activities. Furthermore, the management is in their direction focusing on data centres and high-tech buildings.

Chart extracted as of 09 Jun 2021

Name         : Mapletree Industrial Trust 

Ticker        : ME8U 

Exchange  : SGX

Founded    : 2008 

Industry    : Industrial REITs 

Sector        : Real Estate 

Website     : Mapletree Industrial Trust -  Home 

Dividend Payout and Yield

If you find any of the dividend record is wrong or duplicated, please feel free to drop us an email at wnuff.ads@gmail.com 

Let me know in the comments below if you have any other opinion to share. 

Disclaimer: This article is written based on personal opinions and it is meant as a guide for readers only, not financial advice. Please practise your own discretion when making investment decisions.

What is Return on Equity (ROE)?

ROE is an indicator of how effective management is at using equity financing to fund operations and grow the company.

ROE can also be used in analyzing the performance of the company as compared to its peers and the overall market. This financial metric is especially beneficial when comparing firms within the same industry as it tends to give accurate indications of companies which are operating with greater financial efficiency. 

A steady or increasing ROE signifies a company which knows how to reinvest its earnings while a declining ROE is symbolic of management that delivers poor shareholder returns from their earnings.  

ROE can be computed with a simple formula as below: 

For example, a company with an ROE of 20% indicates that the company earns 20 cents on every 1 dollar of equity.