In the real world, not all business processes run smoothly and accurately. We want to help you change that with robotic process automation (RPA).
RPA is all about smart allocation of resources. The “robot” in the term RPA is not a physical robot, but rather software tools that automate repetitive manual computing or business process tasks. With RPA, the underlying software (robot) mimics and then seamlessly automates the ways a human interacts with web applications, websites, portals, emails, Excel worksheets, and more.
Here is a closer look at five tangible business benefits driven by robotic process automation:
1. Increased productivity
Increased productivity is the number-one benefit of implementing RPA software for your business. RPA gives employees more time to focus on work that requires emotional intelligence, reasoning, judgment and interactions with customers.
2. Better process accuracy
RPA vastly improves processes that are error-prone, thereby increasing accuracy. Additionally, RPA software can work around the clock without fatigue, and reduces the instances of re-works. Output quality improves dramatically with RPA.
3. Cost savings
Even with initial setup and ongoing maintenance costs, the use of RPA software can cut operational costs by as much as 25-50%. In addition, robots can operate round the clock which adds to output as well as the bottom line.
4. Flexibility and scalability
RPA can be applied across industries and used to perform a wide range of tasks. Human teams cannot reach the scale or scope of an army of automated bots. Automated robotic processes can be duplicated and reprogrammed again and again, producing a legion of active systems. In addition, artificial intelligence and machine learning are increasingly becoming part of RPA solutions. This provides additional scalability that cannot match human output.
5. Improved regulatory compliance
RPA can be an important tool to build more robust and effective compliance programs. Applications of RPA in this context can provide improved oversight over operations and higher levels of compliance. Once a process has been automated through RPA, it is performed the same way each time without errors. This provides a high level of accuracy that helps maintain high levels of compliance. RPA also lends itself to increased auditability by creating an audit trail that maintains a near flawless recording of how processes were executed and whether there were any exceptions or interventions.
Interested in learning how RPA can automate your processes and benefit your business? Contact us today.