the strategy involves identifying what tasks to automate and choosing the most appropriate automation tools for each task.an important goal of hyperautomation is to optimize ways that robotic process automation… view full term a memorandum of understanding (mou) is a document that describes a formal agreement between two parties. it is not a legal agreement, but it does indicate the establishment of a business relationship that will continue and likely result in a legal agreement such as a contract. additionally, an mou may be issued by smaller local businesses and municipalities (counties or townships, for example.) when the parties have reached an understanding that is acceptable by each of them, the mou can be used to document all of the most important stances for each party. although not legally binding, the mou is a formal document that puts in writing the willingness of all parties to expedite the deal and move the contract forward. an mou can also be put in place before the formalities of a contract when an agreement between parties has been reached but still requires written documentation.