Key benefits of Intelligent Process Automation

10/24/2019

This is the era where artificial intelligence has created a lot of buzz and its significant outcome is Robotic Process Automation (RPA). RPA is a software bot that can automate daily repeated and routine tasks and mimic human executable actions. The automated tasks run very quickly, precisely and consistently within no time and without errors. Before implementing any tool in business, every organisation needs to estimate the potential benefit and Return On Investment (ROI). RPA has become a highly versatile tool and it can perform tasks from data entry to automatic payments.

RPA implementation partners have transformed the entire business ecosystem by integrating ML and AI with RPA. Firstly, RPA consulting services help recognise and understand the process which needs automation. Then they prepare a road map for automation rollout. RPA consultants then choose the perfect RPA tool for the entire system and finally implement it in the ecosystem with automation PoCs. The operations which can be automated by RPA are retrieving data from one system and entering to the other system, opening email and attachments, data processing etc. As a result, companies experience high productivity, decrease operational costs and enhance scalability.

RPA Consulting companies analyse the workflow model that perfectly suits the organisation ecosystem. Detailed instructions are given to the robots in the robot controller by developers regarding the tasks and activities they need to perform. Assigning jobs to the bots and monitoring them is the main role for the controllers. Bots perform the assigned task with high speed and interact with business applications as well. There is a facility for business users to review the completed tasks for any escalations.

Below is the workflow model of RPA design that Consulting companies follow

This IPA is next-generation software which is providing impeccable results to the organisation:

Automates 60-70% tasks without any errors

Escalates nearly 30% of the annual run-rate efficiencies

Reduces 50% of the processing time and costs

Increases ROI in triple-digit percentages

RPA service providers play a crucial role in the evolution of RPA market. This IPA tool reduces the employee's headcount. If this tool performs 75% of the task, human cost per task also reduces, results in the growth of annual ROI. IPA helps organizations to get the most ROI in a very easy way and make many complicated decisions very precisely. Performing assigned tasks without any errors greatly enhances the output accuracy. Managers need not assign employees to check for errors.

The cost of getting started with RPA:

Infrastructure cost

Integration cost with existing systems

Employees training cost

Cost for creating frameworks and procedures

The area where organizations can save:

Cuts human resource costs

Saves time in correcting errors

Lessen scripting time

Many of Robotic Process Automation companies believe that the consistency and importance of reach could be the boost for every organization, which RPA has already included. IPA enables direct access to customers and provides a solution to the crucial problems with high accuracy. The perfect creative RPA integration at the perfect time can drive for better ROI, which is a fundamental success of every organization. IPA with RPA has become the low hanging fruit for many of the businesses. RPA companies are integrating this software with very low costs in a short time and experience benefits.