Robotic Automation’s Budgetary Benefits
Under-performance issues can happen in any sector of a company’s operations, resulting in preventable and unnecessary costs. These issues in question often involve the quality of products and meeting performance goals as a company seeks to scale. In such cases where performance may need a boost of TLC from robotic automation, RPA not only helps quality and production but also lightens the costs associated with it.
Manual repetitive tasks with clearly defined processes are good candidates for reducing costs by robotic automation. Human-related costs involving training and turnaround, management motivation through job satisfaction, and trade-offs from underutilized expertise aren’t readily visible on the accounting ledger. Some other costs indirectly related to quality and performance issues can even open up a company to legal penalties and fines.
For those looking to scale through performance improvement, the first and most obvious solution might be to obtain external funding. Instead, you may want to take a second look at how your operations can consolidate through the use of robotic automation.
Users across the board report a significant to complete eradication of error with an exceptional reduction in man hours to complete tasks. Your company must ask some hard questions. Analyze whether robotic automation can benefit your business–and your budget.
Below is a list of eight qualitative questions to get started on the process:
1) First, take an honest look, what areas are seeing significant under-performance? This is where Robotic Automation steps in
Taking a performance audit shouldn’t be relegated to only one department. Multiple departments can see effects from poor performance, from primary users collecting data inevitably causing human error to upper management using tainted data as the basis for strategic decisions. Data entry automation and a datarobot could go a long way in solving this problem.
2) Next, is the bottleneck a result of manual and repetitive tasks? Is it the result of applications lacking necessary APIs or inaccessible data?
Automation software is specialized in dealing with such tasks.
3) Additionally, are frequent errors the result of manual entry keying? And even worse, is the time lag to complete the task compounding the effect of errors?
RPA uses an OCR engine that is incredibly accurate, and robots are tireless in their operations. As a result, compounding errors are significantly reduced, and time spent is lowered.
4) Generally, does increasing productivity directly relate to hiring more staff without a high monetary return?
Robotic automation obviously requires less staff, and consequently lower labor costs across the board.
5) In particular, is your top talent wasting its skill capital potential on mundane tasks? Then unlock them with Robotic Automation
Studies indicate job satisfaction increases when employees can use personal skills in more challenging situations compared to unchallenging administrative tasks.
6) Does outsourcing administrative tasks that would be best kept in-house look financially appealing?
Outsourcing results in lower quality service and customer experiences, whereas RPA’s quality is directly under your control and is tailor made for your systems.
7) Is administrative process education taking up much of training time, making turnaround costlier than necessary?
Robotic automation merely requires initial setup and monitoring, meaning turnaround is far more affordable.
8) Is your customer service satisfaction struggling because of high wait times? Additionally, is bottle-necking from accessing or collecting routine customer information problematic? Robotic Automation can speed you back up
A chat robot is immediately responsive and simulates human interaction. Live agents step in when appropriate. Additionally, automation software aids a live agent in gathering and acting upon the robot’s collected data.
Evaluate your company’s processes with these questions and see which areas can benefit from robotic automation. Via process automation, your company can cut areas that add dead weight to performance and create a financial black hole. By providing an alternative to a costly system upgrade that helps scale, RPA technology offers a way to encourage growth while building a lean system. And further, keeping outsourceable processes in-house preserves cash flows for other projects with high rates of return. This reason alone makes RPA solutions attractive for operations and finances.
As the adage goes, time truly is money. How can robotic automation help your company manage it better?