How RPA Can Revolutionize Your Business
In this digital age, it’s no secret that many small businesses are struggling to keep up with the competition. But there is one technology solution that can help them remain competitive and even spur growth: Robotic Process Automation (RPA). According to a recent survey, 81% of business decision-makers agree that RPA is essential for their businesses to remain competitive. With the right implementation, RPA has the potential to revolutionize businesses and spur growth, while also improving employee morale. RPA is now available on a subscription model, making it accessible at SMB budgets for the first time. Let’s look at the top 8 reasons to get started with RPA.
1. Automate repetitive tasks:
One of the most obvious benefits of RPA is its ability to automate repetitive tasks such as data entry, rules-based accounting, auditing and more. This saves time and frees up employees from mundane tasks so they can focus on using special skills for more important projects. This can lead to both increased productivity and improved morale as employees have more time to tackle challenging problems or take on new roles within the company.
2. Increase accuracy:
By automating tedious tasks, RPA eliminates human error and ensures accuracy – bots can be 100% accurate. No one likes to make costly mistakes – accurate bots will save your company money while improving employee experience.
3. Reduce costs:
Automation means fewer manual labor hours needed, fewer mistakes, round-the-clock productivity, increased employee and customer retention – saving companies money in overhead costs associated with human error, human stamina, employee turnover, customer attrition and more.
4. Streamline operations :
By making processes faster and more efficient, RPA helps companies operate at peak performance levels without sacrificing quality or customer service. This leads to a smoother workflow across departments, resulting in improved collaboration, increased productivity, higher profit margins, and better customer service.
5. Enhance security :
By automating certain processes, companies can reduce risk through tighter security protocols. For example, by using automated software rather than manual inputting of data, companies can reduce vulnerability risks associated with human error. Additionally, automated software can detect suspicious activity much faster than humans can, resulting in greater protection against security threats like fraud or cyber-attacks. RPA is also a tool to achieve compliance.
6. Enhance customer experience:
By streamlining processes, RPA helps provide customers with faster service and better experiences overall. Customer service reps can resolve issues faster when RPA is behind the scenes fetching information. Customers appreciate quick resolutions to their inquiries, which leads to improved loyalty over time.
7. Improve employee engagement:
Automation allows employees to focus on more important projects instead of mundane tasks. Humans thrive when they are appreciated for their creativity, relationship building and problem-solving—this increases job satisfaction as employees feel more engaged with their work. Providing opportunities for new roles within the company and the ability to upskill will make for loyal employees.
8. Automation as a Subscription:
Enterprise organizations with million dollar budgets have been making use of RPA for almost 2 decades. For the first time, it is available for small and medium sized business budgets – on a monthly subscription model. Without enormous project fees and licensing fees, the average small business can make use of digital assistants to achieve all of these benefits!