Infosys unit EdgeVerve, Minit pair up for new business process solution

Infosys on Monday said that its cloud software services unit EdgeVerve Systems recently signed a partnership with Bratislava, Slovakia based Minit, a process mining software provider.

The two software service providers will work to create a solution that can deliver actionable intelligence to support business process analyses, as per a stock exchange filing.

"Process mining solutions help businesses thoroughly and objectively analyze and improve their processes. Through insights, organizations can boost their continuous improvement initiatives and increase operational efficiency,” Minit founder and CEO Rasto Hlavac said.

Founded in 2017, Minit has raised €10.3 million from venture capital funds such as Target Global, Salesforce Ventures, Earlybird Venture Capital and OTB Ventures. Apart from its base in Bratislava, it has offices in Eindhoven, London and New York.

The latest partnership will combine the capabilities of AssistEdge Discover’s process discovery and Minit’s process mining to create a new end-to-end solution, the statement said.

The new solution will provide for automation of processes at enterprises, address concerns of unexpected outcomes such as resource underutilization, process inefficiency and failed automation deployments resulting from biased interpretation of processes, the statement added.

AssistEdge Discover, an EdgeVerve product, provides organizations with insights across four areas -- process transformation, automation strategy, operational productivity, and audits and compliance.

“A transformative solution, AssistEdge Discover leverages empirical data to capture process gaps and scope of optimization, laying the foundation for operational performance improvement. Combining the power of process discovery with process mining reveals end-to-end process insights,” Atul Soneja, senior vice president and global head of Edge and Infosys Nia, said.

Six-year-old Infosys EdgeVerve Systems works across areas of artificial intelligence and automation, with a product portfolio that includes Infosys Nia, AssistEdge, TradeEdge, FinXEdge and ProcureEdge.

EdgeVerve, as a business unit, also looks after Infosys’ digita core banking software product Finacle.

About two weeks ago, Kathmandu-based bank Prabhu Bank of Nepal implemented Finacle into its operations in a bid to drive deeper customer engagement, growth and operational ease.