As the new fiscal year begins, organizations are gearing up to undertake the next stage of their company's growth. For many, this will include Robotic Process Automation (RPA).
Automation is not a new concept and it has been clear for some time that automating existing manual processes delivers strong tactical and strategic value. With RPA, organizations can take this one step further to apply end-to-end business process automation that will accelerate business process improvement – driving efficiencies and reducing operational costs.
To gain a closer look at the use cases for RPA, Gartner interviewed automation leaders at various organizations. Key benefits cited in their report included: lower costs over time, no costly integration, improvements in speed and accuracy, inexpensive and quicker alternative to re-engineering, and reduced headcount from batch data tasks or data rekeying.
As the impact of RPA is coming to light, the question "What is Robotic Process Automation?" has been replaced by "When is the right time to make the move to RPA?" Here are 4 clues that your company is ready for RPA:1. You have identified key business processes for automation, but your IT development team can't deliver in a timely manner.
In today's cutthroat business environment, a company's survival often depends on its agility and responsiveness to unpredictable market forces – such as M&As, regulatory requirements, globalization - and to the demands of your customers, partners and the competition. Unfortunately your IT development team may not always have the time or resources to deliver change on short notice. RPA makes it fast and simple to develop flexible business processes by using dynamic, easy to deploy drag-and-drop tasks – all without writing a single line of code.2. You maintain high staffing levels to manage cyclical peaks in workload.
Hiring for seasonal shifts or having a workforce on stand-by waiting for a big project is costly and disruptive to the normal line of business. With RPA, you can eliminate seasonal hiring and reduce operation costs associated with cyclical peaks. Software robots can shift seamlessly between tasks depending on where the demand is coming from. For example, a single Leo robot can execute unlimited processes and can be scheduled to handle processes that occur on a weekly/monthly/quarterly basis so you can maintain a leaner operation and workforce.3. Your employees waste valuable time and effort on rekeying and reentering data.
According to a study by Vanson Bourne Research, 99 percent of organizations spend considerable time doing repetitive, manual tasks and 64 percent of respondents reported spending over a quarter of their time doing so. RPA offers the opportunity to offload mundane, repetitive, data-driven processes to software robots. Once deployed, software robots work 24/7 with remarkable accuracy at a fraction of current operational costs. This frees up employees to handle mission-critical responsibilities that directly impact the bottom-line of the business.4. Your legacy systems won't talk to your newer applications.
Legacy systems continue to play a strategic role in the IT logic of many organizations, acting as efficient data stores and reliable workhorses for complex processing, but modern business climate changes call for the integration of mainframes with newer applications and architectures. One of the biggest benefits of RPA is that it offers a simple way to integrate all your business-critical operations, without modifying the mainframe. Software robots act as liaisons between the old and new platforms and applications, as well as over the Cloud – allowing you to leverage existing legacy systems and applications to quickly integrate with new systems and Cloud-based services.