What is RPA?Robotic Process Automation streamlines business processes and automates mundane tasks.
Benefits of RPA
Cost savings of approximately 80-90% can be achieved when a business process performed by an FTE is replaced by a software robot. It allows the companies cutting cost while innovating.
Accuracy and Quality
By eliminating human errors due to tiredness, deviating from the standards or lack of knowledge, RPA reduces the error rates thereby providing a lower level of operational risk.
By working 7/24 and 365 days a year, the bots perform repetitive day-to-day mundane tasks that employees find boring and fulfil inefficiently after a while at a constant productivity pace.
Higher speed and throughput
While a new employee can take weeks to adapt to a new task, the installation of a new bot can be completed in just a few days. A team of bots can be fully at your service in a few weeks.
A robot workforce is highly flexible and scalable. Once RPA is trained to perform a process, it can be started to use by as many robots as instantly.
Differences Between RPA and Traditional Automation
What distinguishes Robotic Process Automation from a traditional IT automation is that an RPA software can be aware of and can be adapted to changing conditions, exceptions and new situations. After being trained to capture and interpret the actions of certain processes in existing software and applications, Robotic Process Automation software can manipulate the data, trigger responses, initiate new actions, and communicate independently with other systems. RPA software is particularly useful for organizations owing highly diverse and complex systems that need constant interaction.
For example, in the case of a missing ZIP code in an electronic form sent by HR, a traditional automation software can mark the form as an exception. Then an employee can handle this exception by looking up correct ZIP code and filling in the form. After the form is completed, the employee can send it to the payroll. Only then the employee’s information can be entered into the organization's payroll system. But with RPA’s adaptation technology, self-learning and self-correcting software can learn the exception and interact with the payroll system without human assistance in the future incidents.