Fiba Commercial Properties (Fiba CP), one of the leading commercial real estate investors in Turkey, has completed the robotic automation transformation it started two years ago in financial processes. Yurdaer Kahraman, CEO of Fiba CP, said the move to robotic process automation (RPA) in the financial sector will minimize the margin of error and increase efficiency.

Technology minimizes risks and errors

Yurdaer Kahraman stated that taking advantage of all the possibilities of technology at the point where business has come, minimizing the share of errors and risk, gives companies time and efficiency. Kahraman said: “In the robotic automation processes we have gone through in finance, any system and application will be able to work in digital by connecting to each other. Technology will reduce our operational burden in large-scale, repetitive and predictable processes and add efficiencies to us. In processes that require a high level of interpretation skills, he will naturally leave the work to us and wait for us to lead him.”

Productivity increase

Fiba CP CFO Levent Kaya stated that all high transaction capacity operations managed by Fiba CP will transition to robotic process automation and said: “Currently, we have fully robotized 16 processes. All transactions, from internal reminder emails to concordat follow-ups, from warranty letter reminders to settlement settlements are fully, timely and quickly executed through the automation process.For a Fiba CP scale company, properly managing processes and talent means a major increase in productivity.Our valuable human resources will focus on developing the company, our customers and the area where they can use their talents correctly, rather than what we call paperwork.” Highlighting the importance of efficiency and performance to Fiba CP, Kaya said, “All of our stakeholders and brands we serve and work with will feel the difference in the efficiency achieved by our business. We will increase the benefit we provide in all the projects we manage with digital transformation.”

Accelerated more than 21 times

Leading the digital transformation in the real estate sector, Fiba CP’s business partnership in this process, Information Transfer Technology Engineering Direction. Conc. Ltd. Sti. General Manager Ufuk Peker stated that with the robotic technology implemented in the company’s financial processes, the company has reached a record speed. According to the information of Ufuk Peker, while the average speed that occurs in the implementation of RPA processes is generally about 6 to 6.5 times, Fiba CP won more than 21 times faster with robotic process automation. In other words, the realization of the work performed using manual methods with robotic technology has reduced the average time of work performed 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 has a major impact on the success in the process.