Robotic Process Automation: Today’s Digital Workforce

Robotic Process Automation: Today’s Digital Workforce

One of the biggest technologies to transform how business process activities are performed is Robotic Process Automation (RPA).The introduction of the digital workforce into an organization’s day-to-day operations adds tremendous value when it comes to reducing cost, driving employee productivity, and increasing operational efficiency to a wide-range of industries including banking, insurance, transportation and logistics, manufacturing, finance, and accounting.

Agile software robots (‘bots’) mimic human actions by performing manual, repetitive, and high-volume tasks such as collecting, reviewing and inputting vital information from any application or data source with unmatched speed and accuracy. Unlike humans who account for 88 percent of process errors, robotic process automation delivers 100 percent data accuracy. Having robotic process automation software robots deployed within your organization frees employees from manual tasks so they can do more customer-driven work to improve the customer experience.

Accelerate Productivity, Lower Costs

Implementing a digital workforce can greatly impact costs across your organization.
According to the Institute for Robotic Process Automation and Artificial Intelligence, a software robot costs about one-third the price of a full-time offshore employee and one one-fifth the price of an onshore worker. Software robots can be operational seven days a week, 24 hours a day for unlimited periods of time. A digital workforce can be as large or as small as you need it to be, offering the precise amount of flexibility and scalability your organization requires.

Customer Engagement: The Human Touch, The Digital Advantage

The ultimate success of an organization is dependent on many factors. Of course productivity, cost and operational efficiency are critical ingredients in achieving success; however, it is customer satisfaction that can be a strong predictor of the longevity of your organization. Forbes noted that a study conducted by researchers in 2016 found that 75% of companies said their top objective was to improve customer experience. Investing in customer service is a prime example where employees and robotic process automation can effectively work as a team. Shifting “back office” low-valued tasks away from your employees allows them to focus on more customer-facing activities that require more of a human touch such as the customer’s experience. Having employees perform higher-value tasks allows them to better engage with customers, helping to create a greater, more seamless customer experience while building brand loyalty.
In a study on actual customer transactions published in the Harvard Business Review, researchers found that thousands of customers who had the best past experiences spend 140% more compared to those who had the poorest past experience.
It is important to view robotic process automation software as augmenting employees while working hand-in-hand with them. Employees can enjoy greater job satisfaction when they are working on less mundane tasks while feeling they add true value to the organization.

The Control is in Your Hands

Your organization can quickly and easily build, deploy and manage smart software robots without the need for costly coding or complex development in a matter of days and weeks—not months. The software platform is built directly on your business’s centralized server that interacts across internal enterprise systems, websites and portals, desktop applications and other data sources.
Having a non-disruptive, non-invasive robotic process automation platform that is complementary to your primary business systems, without the need to tear out core business platforms is essential. As your business needs change, you will be able to control the deployment of software robots to new business processes whenever you want them such as peak business times throughout the year. Ultimately, robotic process automation is ready to perform on your command.

Interested in learning how robotic process automation software can optimize your core business applications? Contact us today, and we’ll show you how.

Sources:
https://www.kofax.com/Products/Robotic-Process-Automation
https://www.kofax.com/Products/Robotic-Process-Automation/Kapow/Overview
*https://www.forbes.com/sites/blakemorgan/2017/12/05/five-trends-shaping-the-future-of-customer-experience-in-2018/#43bf22232d9c
https://hbr.org/2014/08/the-value-of-customer-experience-quantified

ACCELERATING Business Processes