How Robotics Process Automation Can Increase Your Profits

Dec 17, 2018

Robotics process automation (RPA) helps you automate repetitive, time-consuming tasks with the help of software robots. RPA technology in recent years has grown immensely from an “emerging technology” to now a mainstream buzzword. What has driven this growth in popularity?

More and more businesses find themselves investing in RPA tools and robotic automation of repetitive, routine tasks (eg. data entry) due to its short return times and high ROI. According to a report by IDC, companies can expect anywhere between 30-60% cost savings with RPA adoption. Process automation tools also help you make the best use of your human employees for more complex and creative tasks.

If you’re a decision maker that’s still on the fence about whether RPA is worth your investment, here we look at some ways RPA can help you boost your bottom-line.

1) Hiring Better Employees

RPA can provide immediate cost-benefits by eliminating the need for human intervention in some low-skill roles entirely. You get to avoid the complexities of wages, turnover, leaves, worker disputes, training, inflation, or any of the regular ‘human issues’.

This helps you focus more on hiring better employees. Skilled employees are hard to find and expensive to hire. Hiring a skilled employee and wasting their talent on repetitive tasks doesn’t make sense either.

2) Scalability and Flexibility

Most business process automation tools are built with re-usable components. This means you can replicate processes or tasks across different departments within your business, and also build a library of components over time, as and when you need to grow.

3) Better Business Results

 RPA tools eliminate the need for ‘stepping stone’ roles, and instead helps you regain focus on core roles. For example, Chatbots can eliminate the need for human responses on the other side, and the employees and instead be re-focused on face-to-face sales.

4) Negating Human Errors

No matter how dedicated an employee is, they are prone to making mistakes. Humans are human, after all. IT process automation tools on the other hand are coded to ensure maximum accuracy and quality as well as minimizing errors. RPA processes can also be recorded, analyzed, and optimized that eases auditing and compliance.

5) Reduces Risks

IT system upgrades are often complicated, go over budget and deliver much below expectations. RPA implementations are low-risk and non-invasive projects that don’t need an overhaul of existing systems. Because you can rely on the tirelessness and accuracy of machines, RPA tools can work 365/24/7 with consistent quality.

6) Employee Satisfaction

One of the overlooked benefits of RPA is employee satisfaction. No one wants to spend their workdays doing the same thing over and over again. As businesses empower themselves with RPA, it reduces their workload of low-priority tasks, and helps them regain their job satisfaction.

Combine all the above benefits together, and robotics process automation can boost your profits. Automation allows your workforce to become more fluid and ensure better business output. The question is no longer can RPA help your company. It has been proven many times that it can. Rather, the question now is how soon do you plan to use RPA to redefine your work?

Give us a call at ProV when you’re ready to get started on your RPA implementation journey. Our global expertise, and decades of successfully pioneering innovative roll-out solutions will ensure you get the most out of your software investment. Contact us for a FREE Consultation.

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Topics: RPA, Cost of RPA Services, RPA implementation, RPA Service Provider, rpa servicenow, rpa network