According to a recent Gartner survey, by 2022 90% of companies will have started implementing RPA. So why is an increasing number of businesses relying on the technology and should this be your next step towards accelerating your business growth? There are many benefits to consider and we’ve selected the top ones for you.
More time for businesses to focus on expansion
Can you imagine saving your finance department 25,000 hours of avoidable work? Gartner reports that it is possible to save this amount of time with RPA, while also saving $878,000 a year. Of course, you will need to select the right processes to automate in the first place. As a start, you need to get a buy-in from your internal stakeholders. To that end, work with them and identify the main pain points each department has and create an initial RPA action plan of no more than 7-10 steps to address them.
Fast and long-term results on ROI
Depending on the scale, complexity and exceptions of the process, your business should see a return on investment in 6 to 9 months after the RPA implementation. On the one hand, the time you free from manual processes is expected to have a direct positive impact on revenue. On the other hand, it will allow employees to adopt a more logical and strategic mindset. This is a valuable long-term benefit since managers can focus on building the skillset of their teams instead of hiring new people to get repetitive, mundane tasks done.
Easy, seamless integrations
One of the best things about RPA are its limitless customizations and the ability to be implemented for various solutions and technologies, such as document automation and invoice capture. Business Process Management (BPM) is another great example. While BPM is used for optimizing processes, paired with RPA it can fully automate them. It also allows for connecting legacy and new systems.
Building internal trust
Once employees realize that RPA does not pose a threat to their jobs but instead is likely to make them more enjoyable, they can reach their full professional potential by focusing on exciting new projects and developing new skills. RPA also boosts cross-team collaboration by stimulating teams to share ideas and best practices about optimizing processes. At the end of the day, RPA sparks discussions about the best ways to prioritize the unique demands from each department and this is a real game changer.
If you want to learn more practical tips and insights on how RPA can accelerate your business, register to watch our webinar, Achieve More with RPA: The Path to Digital Transformation.
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