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How to Select the Best Robotic Process Automation Software for Your Business

By: Rashad Miller

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What is Robotic Process Automation?

Robotic process automation (or RPA) is the application of business process automation and technology where Robots work as a virtual assistant to complete tedious tasks such as manipulating data, triggering responses, processing transactions or communication with other digital systems.

RPA Automation and Your Business in Sync

As a business owner, a common question that arises is how much time are your employees wasting on repetitive, mind numbing tasks to collect and input data? Also, you must ask yourself are the people delivering my processes today adding value or injecting risk.

We are reaching a new period in history where many companies are offloading manual repetitive tasks to Robots. These Robots are pre-programmed software code inside your machines that are capable of carrying out those mind numbing tasks automatically, with or without human intervention. These machines can be controlled in 2 ways; by an external controller or a control embedded inside the machine.

Every company will soon be in a race to integrate Robotic Process Automation (RPA) into their business processes. The faster you setup the Robots the faster you will have a competitive edge for your business. Along with the software robots you will also have various parts of your processes that use Artificial Intelligence (AI) integrated.

Here's where we're going if you want to jump ahead:

What Does RPA Automation Software Do?

These Robots are programmed to suit your specific business needs to deliver direct profitability, take over repetitive tasks and communicate with other systems in the enterprise just as your human employees would do. Some of the common processes you might implement include Complex Calculations, Capturing data, Transaction Processing, Data Manipulation, Record Maintenance and many more.

Companies who have a large workforce that perform basic and complex functions will need to harness this technology ASAP to help minimize their future business costs. Implementing Robotic Process Automation will help boost performance and help increase employee morale by optimizing transactional process functions.

Automating your business processes with RPA allows for higher flexibility within the enterprise combined with fast, tailored solutions to any short or long-term problem you are facing. This RPA Automation will greatly improve your company’s workflow within 1-2 years. This computer software will require finding the right custom software professionals to setup your RPA Implementation into your business workflows. Once you have a company to assist you then it will be an easy task to train your employees. RPA Automation software once installed in your business will continuously evolve and adapt to any changing circumstances and new updates, unlike past automation systems that were stagnate.

What Are the Features of Robotic Process Automation?

Why is Robotic Process Automation systems so important? Many CEO’s are starting to ask themselves this question so they can understand how to improve their business. Below is a list of key features of Robotic Process Automation software that help with user friendliness, being non-disruptive, no need for programming knowledge, prioritized work queues and elastic scalability.

3 Types of Robotic Process Automation

What are the Key Performance Indicators (KPI's) of Robotic Process Automation?

There are several metrics in which we can measure the performance of RPA systems. A few indicators are listed below in detail:

What are the Benefits of Robotic Process Automation?

Here are top 5 benefits of implementing RPA software for your company:

  1. Reduced Costs: When your company setups up RPA automation you can see a cost savings of nearly 30% on the output of productivity. RPA Software robots also cost less than a full time employee would.

  2. Better Customer Experience: RPA deployment can free up your high value resources so your employees and customers can benefit from higher customer satisfaction.

  3. Lower Operational Risk: When you eliminate human errors with RPA deployment you are eliminating human errors such as tiredness or lack of knowledge. RPA reduces operational risk when it reduces the rate of human errors.

  4. Improved Internal Processes: If companies want to leverage AI and RPA they also need to define clear governance procedures. This allows for expedited on-boarding, faster reporting, and other activities.

  5. Does Not Replace Existing IT Systems: A big benefit of utilizing a virtual workforce (RPA Bot) is that you aren't required to replace any existing systems. The advantage here is that RPA can leverage your existing systems the same way your human staff can.

What are the Latest Trends in Robotic Process Automation?

RPA has gained rapid popularity in the past few years. If your company hasn't created a plan for automation throughout your business then you may already be behind the curve.

  1. RPA deployment will be more common in mainstream

  2. Increased in job opportunities across all industries

  3. RPA adoption will increase in more enterprises for long term growth

  4. More tools and technologies will be able to integrate RPA successfully

  5. Machine Learning & Artificial Intelligence will have significant advances as a digital workforce

  6. Customer experience will improve and employee engagement will rise

  7. Attended Robots and Human teams will work side by side continuously moving forward

  8. Business process outsourcing will be replaced with Robots

  9. Growth will be seen in IoT, Big Data, and Artificial Intelligence

  10. Large enterprises will become more scalable without needed more human resources

How to choose the right Robotic Process Automation?

When searching for the best RPA tool, you will need to create a list that defines a clear set of objectives you want your company to aim for. RPA will bring more value to your employees and business process by eliminating receptive jobs to higher value ones.

Most Popular Robotic Process Automation RPA Tools

Disclaimer:

Chetu, Inc. does not affect the opinion of this article. Any mention of specific names for software, companies or individuals does not constitute an endorsement from either party unless otherwise specified. All case studies and blogs are written with the full cooperation, knowledge and participation of the individuals mentioned. This blog should not be construed as legal advice.

Chetu was incorporated in 2000 and is headquartered in Florida. We deliver World-Class Software Development Solutions serving entrepreneurs to Fortune 500 clients. Our services include process and systems design, package implementation, custom development, business intelligence and reporting, systems integration, as well as testing, maintenance and support. Chetu's expertise spans across the entire IT spectrum.

- See more at: www.chetu.com/blogs

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