A project has been initiated to streamline the Procure-to-Pay process. There are several touchpoints to several systems as well as many manual data processing steps that keep this function operational, but the architecture supporting these systems is rapidly getting outdated and needs to be upgraded. The company has very limited budget to dedicate to this project. Which statement is TRUE?

1. This is an ideal project for a Business Process Management (BPM) initiative, so that the infrastructure can be re-assessed and built up again from the ground up.

2.The solution required is a hybrid approach of both RPA and Business Process Management (BPM)

3.This project requires an in-depth streamlining of the processes.

4. This is an ideal project for RPA only as the manual data processing steps can easily be automated.