I’m excited to welcome FortressIQ — creator of a platform that delivers real-time end-to-end processes for the modern enterprise — to the M12 portfolio.
In the face of explosive data growth, automation is increasingly critical to an organization’s ability to scale and compete. By automating routine tasks and business processes, companies can reduce costs, improve data quality, and grow profit margins while freeing up employee time for more complex tasks. Robotic Process Automation (RPA) is the fastest-growing software subsegment with year-over-year growth of more than 63% in 2018.
But determining which processes to automate remains a persistent pain point for enterprises. Organizations looking to deploy bots have been forced down the expensive and often error-prone path of working with consultants and analysts to manually capture and document processes. FortressIQ is disrupting this paradigm by using software to more efficiently and effectively identify which processes to automate. In addition to M12’s investment, Microsoft has selected FortressIQ as the first integrated process discovery partner to streamline bot creation for customers, as part of its Power Automate offering in the RPA space.