Robotic process automation, which is driving digital transformation of businesses around the globe, has applications in multiple industries.
BENEFITS
Cost Savings
One of the biggest advantages of robotic process automation is the immediate and significant reduction in expenditure it can deliver. When work is automated, not only is it completed faster, but it also can be performed round-the-clock at a much lower rate. So, you get greater output for less, which results in a better bottom line.
Quality, Accurate Work
Let’s face it. Even the most careful human can and will make a mistake. Multiply those errors by the number of people you have performing routine tasks for your company, and you could be looking at a pretty costly problem. With RPA, the work is performed error-free. Better quality means higher satisfaction rates, which – again – is good for your company’s profitability.
Enhanced Cycle Time
How long does it take a human worker to perform a given task such as completing a web form? Even if it’s mere minutes, a robot could shave that time down to just a few seconds. Over time and multiplied by dozens of tasks and several staff members, this savings really begins to add up.
Employee Empowerment
Robotic process automation does not require any special technical skills. That’s why it’s an ideal application for the end-user. The ability to deploy robots to perform certain tasks without having to enlist the help of someone from IT empowers the end-user to get their jobs done more efficiently and effectively. Meanwhile, it frees up IT to focus on more important tasks and projects.
Simplicity and Flexibility
Automating tasks and workflows through RPA does not require coding or script writing. That means even complex processes can be transferred from human to machine with little effort. The faster these tasks and workflows can be automated, the sooner your organization will begin reaping the benefits. In other words, RPA delivers quick returns.
Better Control
Many companies choose to outsource so-called busy work to external parties. This, of course, comes with inherent risk. Robotic process automation can provide a better solution and since the work remains in-house, the business maintains maximum possession, control and visibility.
Insights and Analytics
Learning from the past can help your business leaders make better decisions for the future. RPA offers the ability to gather, organize, track, analyze, report on and store valuable data. That information can then be utilized to improve on current operations, address and correct issues in a timelier manner, accurately forecast and develop best practices.