5 Benefits of Robotic Process Automation

Over the years, businesses have grown, and their internal processes have increased, causing employees to spend a lot of time doing repetitive tasks. Today, with Robotic Process Automation (RPA), it is possible for these tasks to be done automatically, increasing efficiency and productivity and lowering a company’s costs.

If you are not entirely familiar with the term RPA, we can explain. Robotic Process Automation is a software that mimics the human actions interacting with digital systems. This technology is growing every day, as it allows capturing responses and communicating easily with other systems.

RPA is gaining a lot of momentum as it is adopted and implemented in every industry’s business. Still, many decision-makers have doubts as to whether they should start the automation process. If you are not 100% sure that this technology will benefit you, read this article to know everything you need to make your final decision.

How does Robotic Process Automation work?

First, we would like to show you a little bit of what RPA is capable of. That it mimics humans actions you already understood, but it also can log in into applications, move files and folders, copy and paste data, fill in forms, extract structured and semi-structured data from documents, scrape browsers, and more.

Below you can see an example of how RPA works for a bank:

What are the business benefits of RPA?

Robots are here to stay. Allowing RPA to manage any process will not only transform and streamline your organization’s workflow but also enable superior scalability and flexibility within the enterprise, doubled by the rapid and customized response to specific needs.

1 Better Accuracy

Imagine how much money has been wasted in your company by human errors. This won’t happen with Robotic Process Automation because since the software is programmed to follow the rules, it will never make mistakes or get tired.

2 Improved compliance

Everything that RPA does is monitored and configured to follow the rules according to regulations and standards, so risks are minimized.

3 Cost savings

RPA can reduce processing costs by up to 80%. So one of the biggest advantages of automation is the significant reduction in expenses because, with RPA, the work is completed faster and can also be done 24 hours a day.

4 Employee Empowerment

Many people may think that RPA will replace labor, and many people will be out of a job. And that is completely the opposite of what actually happens. RPA allows the employee to use the software to his advantage, allowing him to do his tasks more efficiently, freeing up his time for other tasks that require creativity, which makes the employee stand out more in the work environment.

5 Insights and analysis

The periodic analysis is essential for any company’s success to make the best decisions in the future. RPA offers the ability.

Examples of applications in the industries

Human Resources

A service provider was processing 2,500 sick leave certificates per month with an average handling time of 4 minutes per item. The company implemented an RPA solution in 3 weeks. The result was a 100% reduction in errors, reduced processing time by 80%, and a return on investment in 6 months.

Retail

A retailer was running closing reports on its hundreds of stores around the world. Employees were performing this task manually. The retailer decided to automate the process to free up its employees to focus on more customer-centric activities, thus increasing sales.

Finance

A commercial credit insurance company with more than 50,000 customers automated its credit limit underwriting process. It allowed the company to save 2,440 hours of human labor per month and allowed employees to work directly with customers.

Healthcare

A hospital used to enter patient chart data into the computer manually. After implementing APR, the staff had more time to care for the patients.

How is RPA different from other enterprise automation tools?

Unlike other traditional solutions, RPA allows automation to be done much more quickly, cheaply, and simply. This technology is non-intrusive and leverages your company’s existing infrastructure without disrupting underlying systems.