What is our primary use case?
Our company, Block Mosaic, automates the creation and management of DeFi (decentralized finance) applications. This involves streamlining the development, deployment, and maintenance of these applications by automating repetitive and rule-based tasks. UiPath enables us to automate tasks such as data collection, communication with customers, integration with blockchain networks, and the execution of smart contracts.
We mostly use UiPath for the integration of bots in websites, as it provides integration features for AI chatbots, and we use it for the deployment of smart contracts on a large scale.
How has it helped my organization?
Automation not only accelerates our application development but also reduces errors and increases operational efficiency. It has accelerated our development process, and that means that our time-to-market has improved for DeFi applications, giving us a competitive edge in the fast-moving blockchain sector. It allows our team to focus on innovation and improving the user experience of DeFi applications.
UiPath is very important for our organization. It improves the workflow of our company, and it helps our company publish more DeFi applications. It helps accelerate the process of managing accounts in our company, as the DeFi applications we create are for managing many accounts on a platform.
It has helped with cost-cutting because UiPath chatbots have replaced many of the employees. The employees were not that efficient in comparison to UiPath bots. The bots are very efficient and productive and can do tasks in just minutes or hours, things that used to take a lot of hours to do.
We have also used the AI functionality by integrating AI chatbots into our website using UiPath. They help with amusing chats with our users for their entertainment. Our users do not like the simple Python or bots that are made with C++. They like modern bots like ChatGPT, so we have implemented that.
AI has played a significant role in improving our efficiency. Tasks that a person used to do in hours are completed by AI chatbots in a shorter time. Also, human error has been reduced when compared to bots. The bots are highly efficient. The AI functionalities have helped us manage all the smart contract deployments as well as the management of our user base. It has also helped with database and account management and in settling many transactions. And it has boosted the number of KYCs that are managed per unit.
Deploying most of the smart contracts and managing our user base are now done by the UiPath bots. This saves us about 30 to 40 percent of our time and gives us time to think more creatively about our solutions for making better DeFi apps and improving their functionalities.
Another benefit is that UiPath has reduced the cost of digital transformation because our projects require a lot of web services. We have saved money by using UiPath instead of cloud services.
What is most valuable?
One of the best features is the workflow automation. That is the most valuable feature for our company, as it plays a pivotal role in the efficient development of our DeFi applications. In the dynamic world of DeFi, where integrated financial processes and smart contracts are the norm, UiPath's workflow automation capabilities provide us with a valuable advantage. It enables the orchestration of complex sequences of tasks involved in DeFi application creation, from smart contracts to blockchain transaction monitoring.
By automating these workflows, we can ensure that all components work harmoniously and efficiently and reduce potential human error.
UiPath is also a very easy platform to use. It provides us with a canvas where we can draw from our imaginations, draw our settings, and then convert them to automations.
It allows us to enable end-to-end automation.
The user community of UiPath is very big and very helpful as well. When our team hits an error, the community is sometimes very helpful. And the customer support we are getting is also very full and good. I am satisfied with the community. I would rate it 10 out of 10.
What needs improvement?
The debugging capabilities need to be improved in UiPath because it is very difficult to find bugs in the chatbot. In Visual Studio Code, by contrast, we have an excellent debugger that fixes all the bugs.
Also, task management is complex and needs to be improved. They need to simplify the user interface so it can work properly.
For how long have I used the solution?
I have been using UiPath for six months.
What do I think about the stability of the solution?
It offers a great amount of stability, and the team at UiPath is adding more and more features that are increasing the stability of the platform.
What do I think about the scalability of the solution?
UiPath demonstrates excellent scalability with its consistent addition of features. It's impressive to witness that it remains current and continues to evolve and incorporate new capabilities. I rate the scalability at nine out of 10. It offers a great deal of scalability.
Which solution did I use previously and why did I switch?
I used Blue Prism, which is quite a good solution, but it's not as easy as UiPath because it requires a high level of coding. UiPath offers good drag-and-drop functionality, which results in better automation. Also, there is no orchestrator in Blue Prism.
Automation Anywhere does not have the features that UiPath has. It does not have as good a web-based orchestrator as UiPath, which manages all the accounts and services.
How was the initial setup?
Deploying the system took a couple of hours, done by a team of three to four people.
It doesn't require any maintenance.
What was our ROI?
After implementing UiPath, our organization realized a substantial return on investment. This was achieved through a combination of cost savings, increased productivity, and improved accuracy. We quantified the cost savings from reducing labor expenses and eliminating error-related costs. There is also ROI from optimizing overall operational efficiency.
Furthermore, UiPath automation capability significantly improved productivity, allowing us to process more and more transactions, take on more and more customer needs, and respond to the customers as fast as possible. We have been able to handle the increased workload. This has translated into enhanced customer satisfaction and market competitiveness.
By automating error-prone tasks, we also saw a remarkable reduction in errors and compliance-related issues, leading to further cost reductions and process efficiencies. After factoring in deployment and maintenance costs, we calculated a positive ROI, and the payback period for our initial investment was achieved in a very short timeframe.
We've seen about 30 percent ROI through the growth of our company.
What's my experience with pricing, setup cost, and licensing?
The price of the Enterprise version is high, and the licensing is very complex. For small businesses like ours, licensing is a very complex task and takes too much time. I face many issues with that.
Which other solutions did I evaluate?
All our people, about 50 to 60 staff, use UiPath because we do not have an alternative. There is Blue Prism, Automation Anywhere, and Microsoft Power Automate, but UiPath is the best solution. The only issue is that the pricing is higher, but it has all the features that make it worth it.
What other advice do I have?
UiPath has reduced a good amount of human error, but there are some errors that the chatbots make. They are resolved within seconds or minutes, although longer ones can take hours. But overall, the bots make many fewer errors and increase efficiency. It has removed about 80 percent of human errors. Since using UiPath, we have gotten good customer reviews about the websites and improvements in all our sites and management.
Using UiPath has been a great experience. It's the best alternative on the market. No alternative is better than UiPath.
Which deployment model are you using for this solution?
Public Cloud
Disclosure: PeerSpot contacted the reviewer to collect the review and to validate authenticity. The reviewer was referred by the vendor, but the review is not subject to editing or approval by the vendor.