Wouldn’t it be ideal if you could invest most of your time on the core competencies of your business? RPA or Robotic Process Automation is precisely the intelligent way to aid you in making use of your resources.
In the recent past, RPA has gained rapid popularity and traction. It is that one process that offers you a complete bouquet of benefits.
What is Robotic Process Automation?
A software robot automating everyday tasks that were done manually earlier, RPA offers a host of competitive benefits. It interfaces with all major business apps, accomplishes routine tasks quickly and efficiently, and is not prone to human errors.
RPA is an interoperable emerging technology. It operates closely with advancing technologies like Artificial Intelligence (AI), ML and intelligent automation. As these technologies develop, so will RPA. Estimations predict that the RPA market will grow from an estimated 1 billion dollars in the year 2020 to about 5 billion dollars by the year 2024.
RPA Benefits for Enabling Business Transformation
Here are 10 ways by which implementation of RPA effectively validated by automated testing services, bring about a successful business transformation.
1. Resource Optimisation
With RPA, most of the everyday routine tasks are taken care of. Hence, employees can be reassigned to work on other areas based on their competencies.
This will help enhance productivity and result in better revenue generation. Additionally, these bots are programmed to perform almost unlimited tasks and are hence time effective. With time on their hands, they can take over further tasks leaving the employees free to think and implement ways to better the company turnover.
2. Increased Flexibility and Adaptability
RPA systems are better capable of implementing changes in their daily routines. This makes them more amenable and flexible to scalable processes likely to face expansion or increase in demands.
Automation testing services are generally cost-effective. RPA systems can be made to work along with workflow tools to complete the circuit and ensure all-round cost-effectiveness.
Herein, the workflow sends a signal to the RPA system. It then performs the required task and reverts to the workflow tool.
Thus instead of competing with each other, they complement each other making the whole system more effective. However, RPS solutions have certain upfront costs. Buying, installing and maintaining the system incurs a certain expense.
However, by making the business process cost-effective, it facilitates higher gains, thereby negating the costs incurred on its procurement and maintenance.
4. Improved Workflow Management Analytics
With an RPA system, the chances of workflow errors are greatly reduced and a precise grid of timelines and activities can be tracked right to the smallest of work done in the shortest span of time.
Analytics derived from this tracking will enable you to plan its utility and ensure its proper governance, thereby making it more efficient in the process.
The RPA system governance has two distinct levels:
- It completely complies with the governance system implemented and
- It can also govern larger systems found in businesses.
5. Improved Communication
You can even use RPA systems to replace document creation tools. It carries out critical communication processes much better because of its intelligence. These automated testing services can effect changes in a single document and ensure that all related documents reflect it.
There is, thus, no need for manual update of different documents. This saves time and effort and facilitates better communication with on-field workers, representatives, end-users etc., all getting updated information at the earliest.
6. Hassle-Free Implementation
No API is required for its implementation. RPA systems come with in-built GUIs. They can be implemented and used without much technical expertise. These systems can also perform the same functions that humans perform like keystrokes, clicks, button pressing etc., using the same UI.
Additionally, its implementation makes the business IT infrastructure, like the data centre, the servers, the networking deployments etc., more agile, responsive and cost-effective.
7. Changes Company Work Culture
When your employees start working as per their calibre, they feel a certain sense of worth and start enjoying their work. Tedious tasks make employees less productive. However, engaging them in meaningful tasks increases their productivity.
They come forward and undertake tasks with greater responsibility and significance, actively drive their efforts, strive to achieve appreciation and work better together as a team. Satisfied employees rarely ever want to switch jobs. This is an added advantage for your company.
8. Increased Accuracy
This benefit is obvious. All automated testing services like RPA systems are accurate and precise. Scope of costly mistakes is reduced and chances of false analytics leading to a faulty decision get eliminated. With the introduction of precise operations, the monotonous process becomes free from all errors. Another advantage of increased system accuracy is greater customer satisfaction. Customers are very fickle.
With competitors, trying their best to lure them away you cannot afford to offend them in any way. The introduction of RPA systems and their error-free output with enhanced memory capabilities ensure that no details regarding a customer are ever misplaced. Thus, customers remain loyal.
9. Analytical Insights
Data and analytics, when handled by RPA systems, reduce the possibility of incorrect analytics, obsolete information and data leakages. The analytical insights obtained are error-free and precise with RPA systems collecting data even from places inaccessible to humans.
The wider scope of data collection leads to better, comprehensive and sophisticated data insights that enable you to make better business decisions.
10. Enhanced Security
Hackers keep looking for system vulnerabilities. The introduction of the RPA system reduces chances of these vulnerabilities occurring since it never fails to make log entries, log out after every log-in, never keeps written notes of passwords etc.
It can also be integrated with different applications simultaneously thereby enhancing enterprise data security. Unauthorised access is also completely prohibited and there is remote possibility of modifications being made to your business systems.
With RPA systems bringing such 360-degree improvements to the system, you will see your business grow rapidly. This will lead to enhanced revenue generation and better ROI, thereby justifying your decision to implement RPA.
And for RPA to work effectively and give you the benefits as outlined above, automated testing services are very important, to ensure the RPA implementation is robust and reliable.