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Shares of Blue Prism Group PLC (LON: PRSM) surged 17.5% today after launching its Automation Lifecycle Suite, with added capabilities designed to help businesses make the most out of their digital workforce.

The suite, which includes Automation Lifecycle Management (ALM), Process Assessment Tool (PAT), and Capture: Process Modeller, makes it easier to identify, deploy and scale automation and reduce the typical planning and design time by 70%.

The suite features interfaces with guided wizards alongside pre-designed workflows, such as the Process Definition design, allowing business people to document the steps required to complete a business process.

Critical requirements for corporate governance, such as identifying those who can be assigned certain tasks and who has the authority to sign them off, are also pre-built into the system.

According to Blue Prism, research shows that 66% of IT decision-makers globally have identified investment in automation as a priority post-COVID-19 and the shift to remote working has enterprises looking to streamline processes and increase productivity.

David Moore, Blue Prism’s SVP of product strategy and management,  said: “Customers have told us that they often struggle to identify which processes they should automate, how to prioritise their automation journey, how to design and then how to manage their automation projects.”

Adding:

“These offerings are all about improving operational agility. These tools will help new and existing Blue Prism customers determine the best step forward in their intelligent automation journey and ensure sustainable and efficient management of their automation process.”

Blue Prism share price

Tradingview chart of Blue Prism share price 17112020

Blue Prism shares today surged 17.5% to trade at 1880p having rallied from Monday’s closing price of 1600p.

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