Robotic Process Automation
What is RPA?
Robotic Process Automation (RPA) is an exciting and disruptive technology, revolutionising the way information is processed. It can vastly increase speed and reduce costs versus human resources (between 40% and up to 90% reduction). RPA is essentially a software “robot” that performs the same steps a human would across a defined business process… but can also interact with all of your systems in new and meaningful ways!
Where can RPA be used?
Imagine a working world where the mundane, transactional and high volume work is performed by your digital workforce … freeing your human workforce to focus on the more value-adding work that only humans can do. Your team can spend more time on strategic work and most importantly, focusing on your customers and building relationships.
RPA can be applied almost anywhere in the value chain, including financial processes, (e.g. AR, AP), HR, legal, supply chain / procurement and all the way into customer engagement.
By combining RPA with other technologies like artificial intelligence, machine learning, or specialised solutions like Intelligent Optical Character Recognition (OCR), documents can be interpreted in new ways to intelligently automate many business processes.
What are the benefits of RPA?
Imagine your team achieving 4 times the current level of output using digital workers – on the job, and continuously improving 24x7x365. Think of the cash flow benefits to your organisation by performing certain processes constantly - day or night. If you are experiencing peaks in demand, easy, no need to recruit or spend effort bringing someone new up to speed. Just deploy more bots!
One of the greatest benefits is how quickly RPA solutions can be deployed with your existing systems and processes, and can scale up - to grow to meet your needs over time.
What does a typical project look like and how long does it take?
The benefits can be delivered and realised rapidly compared to traditional IT or integration projects. Development times are in weeks, not months or years. RPA implementations generally comprises of 7 distinct project phases. Depending on the size and complexity of your business process, allow 3 to 6 months per process from start to finish.
Can RPA be used in my organisation?
RPA can be used with any application or system your organisation currently uses, and can interact with applications in the same way humans do. No need for major changes in your approach to data security.
Sounds great! How do I get started?
ProjectAI offers full lifecycle robotic process selection and implementation services. We are technology-agnostic and work with you to define your business rules and processes. Contact us to schedule an introductory discussion so we can help you get started, today.