The Top 7 Benefits of Intelligent Automation for Your Company
Intelligent Process Automation or also referred to as Robotic Process Automation (RPA), is becoming an essential aspect of how we work, putting an end to the days of manually processing data and filling out forms.
But what exactly is RPA?
RPA, or robotic process automation, is a kind of technology that can automate all of those tedious, repetitive, but critical business tasks.
RPA applications include invoice processing, accounts payable, accounts receivable, onboarding a new employee, issuing invoices, and processing client data. Many time-consuming administrative tasks may now be handled in seconds, thanks to RPA.
While you may be debating whether or not to modify your current business process operations, here are some facts to understand why you should invest in RPA and business automation.
Here are seven significant advantages of RPA that demonstrate how it will undoubtedly improve your organization.
1. Reduce your company’s expenses.
According to KPMG research, RPA can reduce expenses in the financial services industry by 75%. According to Roland Berger, businesses may save 40% to 70% more money each year by reducing the time spent on procedures. You’ll save money by minimizing the amount of time your staff spends on these activities if you automate parts of them. With your extra time, you may be able to reduce the size of your team or take on additional customers. Having RPA in place gives you long-term cost reductions as your firm grows.
2. Make more time for more critical tasks.
RPA, as previously said, will minimize the amount of time your team members must spend on specific processes, possibly saving up to 90% of your workforce’s time. While you may opt to decrease the size of your team, most companies will redeploy their employees’ time to higher-value tasks such as monitoring customer contacts and significant organizational initiatives.
RPA the need for your people to spend countless hours on trivial tasks. Instead, they may dedicate their time to more vital tasks that only humans can do, such as customer service and account management.
3. Reduce the possibility of human mistakes.
When your staff executes the same tedious activities again, there is always the possibility of human error. People, after all, make errors.
These mistakes, although inevitable, may be very damaging to enterprises. They are responsible for around 82 per cent of manufacturing mistakes and 50–70 per cent of electronic equipment failures.
Human mistakes, regardless of business, may be expensive and time-consuming to fix. If you automate company procedures, you will never have to deal with these errors again. This saves time and money and eliminates the need for rework.
4. Ensure analytics and audits are traceable.
When you use RPA at your company, you will always have a comprehensive and utterly traceable path. You’ll be able to track every procedure from beginning to end, which will enhance your analytics and aid in financial audits.
RPA assisted ANZ bank in Australia to avoid 34 regulatory violations over a few years. When problems develop, the continual, verifiable help that RPA offers might be a lifeline.
5. Reconcile data from different systems.
You’ll be able to interface with data from any software system if you have a solid RPA strategy in place. In other words, you’ll be able to link operations across numerous apps with ease.
6. Shorten customer service times
Speed is crucial to stay competitive in an ever-changing industry. When it comes to supplying data or reports to clients, the sooner you can manage their data, the better.
RPA enables customers to get practically immediate assistance. This, in turn, may aid in client retention and overall customer happiness.
RPA has the potential to be beneficial for all sorts of companies. RPA changed the claims procedure at one financial institution. RPA digital workers handled 1.5 million requests each year. That means 85 digital workers could manage the tasks of 200 human employees. Customers were served more quickly, and the firm saved time and money.
7. Boost employee satisfaction
RPA’s speed and efficiency will not only result in higher levels of customer happiness, but it will also result in higher levels of staff satisfaction.
RPA enables your staff to be more innovative and successful. Nobody wants to be shackled to their desk, blindly processing data. Your employees will take on more complex and exciting tasks thanks to RPA.
As a result of the improved employee satisfaction rate, you may save up to 33 per cent of your employee’s yearly compensation for each employee. It will also provide you with a better understanding of the workplace culture.
RPA may also enhance your workers’ working experience by sending automated reminders about staff training and other possibilities.
With thoughtful robotic automation, you may begin to reap the advantages of RPA.
If done correctly, deciding to use RPA in your business model might be one of the finest choices you’ll ever make for your organization. RPA will help you save time and money while also improving the experience of both employees and consumers.
Many small and medium-sized firms resist using RPA solutions because of concerns about the high initial cost, complexity, total cost of ownership, and insufficient internal resources or expertise. We eliminate these barriers with our full-service, bots-as-a-service strategy. Here are a few examples:
- Budget-friendly, month-to-month billing (no yearly contract required)
- $0 implementation charge – we develop your digital employees at no cost to you.
- Monthly bot maintenance is free of charge. As part of our service model
- Continuous cost-cutting metrics reporting.
- There is no need for internal knowledge since we take care of everything…really, everything.
Intelligent process automation can build bespoke, robust and innovative automation systems for businesses of all sizes. Our sophisticated innovations can automate your dull, repetitive operations, allowing you to concentrate on what counts.
Request a demo session to learn more about how we can help you.
