Robotic Process Automation (RPA) is a technology that allows people to deploy ‘digital workforce’ or programmed robots that emulate a human’s actions within computer systems in order to execute business processes more efficiently. RPA helps companies to streamline operations and to increase productivity and profitability in the long-termTalk to RPA expert
Generally, RPA implementation is associated with repetitive, rule-based tasks that consume too much time. This problem is familiar to every entrepreneur who has to juggle strategic decision-making processes with operational procedures that are time-sensitive and essential for business success. Specialists in almost every department also benefit from robotic automation by being able to refocus from managing loads of incoming data to more analytical assignments
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RPA implementation enables businesses to optimize time spent on repeatable, high-volume processes associated with jobs, and instead allocate it to higher-value analytical or creative assignments.
The benefits of RPA include:
RPA bots transfer data between numerous applications and documents, create folders, and overall systemize databases, which allows people to find and update the needed pieces of information faster, saving valuable time for analytical tasks.
The productivity of employees is correlated with the tasks they are given. RPA bots can work 24/7/365 and complete lots of different activities with straightforward instructions and algorithms. With this 'digital workforce,' employees will have more time to devote to value-added and creative tasks instead of routine ones.
RPA bots encourage people to try more challenging and ROI driven tasks, rather than worrying about robots taking away their jobs. Due to the dependence on people, RPA bots work on programmed assignments, but the probability of errors is much lower than with humans who get tired, sick, bored, or daydream about vacations during work hours.
Automating processes in data flow leads to the opportunity to make data-informed decisions without spending hours on report building. RPA also eliminates the risk of losing or missing bits of data.
The elimination of the scope of manual errors reduces the number of complaints. RPA bots can provide answers and attach relatable sources to the users faster and with greater accuracy.
RPA can reduce operational costs by up to 80%. In less than 12 months, most businesses already have a positive return on investment. Here’s the guide on how to calculate ROI in RPA projects.
A single automated process with ElectroNeek can generate $100k-$250k in business impact due to the significant time savings on the execution of repetitive tasks (bots work 10-100x faster than employees) and due to taking the human out of the loop.
RPA enables you to reduce the employee time needed to perform stable, rule-based business processes, such as manually entering the client’s data into an Excel Spreadsheet for a couple of hours. With RPA, it can be done in minutes and without mistakes.
We cannot ignore the ‘human factor’ that is inevitably necessary to consider in daily work life. However, some assignments have to be done fast and without any mistakes. RPA is a quick and flexible way to replicate employee-driven processes with a script. With RPA in your hands, you can delegate critical processes to automation and stop stressing out about its accuracy.
While everyone is trying to get used to new realities of 2020, the work performance might be slightly different than it used to be. You will notice a drop in your team’s productivity. Programmed robots are here to navigate you through these times. RPA can support the speed of your typical workflow by managing routine, repetitive tasks while allowing people to have extra time to adapt.
Every day is a new opportunity to grow. Your business can expand its online presence, get new clients, and process more requests even without the need to hire new people. By digitizing information recognition, filling out online forms, and performing data extraction from scanned documents using Optical Character Recognition (OCR), RPA allows your team to focus on creative, analytical, and other tasks involving the necessity of human presence.
Robotic Process Automation is a great tool to implement for cost reduction because by automating time-consuming front- and back-office business processes, you can afford to place the bright minds from your team directly to the cases where they can be the most useful right now. Let your team do more for your business by doing less of the tedious, yet necessary tasks.
Explore capabilities of ElectroNeek in action during a Free Demo or ask all your questions to our RPA expert on 1-1 personalized consultation to achieve your business goals and get higher ROI from automation