Robotic Process Automation (RPA) refers to sophisticated computer software that automates business processes without the need for constant human supervision. Major benefits of RPA are
Rapid ROI
Software robot can perform the designated work immediately. In less than 12 months, most enterprises already have a positive return on investment. Moreover, potential further accumulative cost reductions can reach 20% in time.
Cost Reductions
Automation reduces process costs in many ways as RPA's digital robots are less expensive.
Short Latency Times
Robots work faster, are able to work 24/7 and don’t make mistakes. Moreover, they are easily scalable during peak times.
Standardization
Standardization results in better comparability, effectivity and compliance, which makes it very important for Shared Services.
Process Monitoring
Process monitoring is important but often difficult in practice. Robotic Process Automation facilitates this task by strict compliance with all company standards and through the documentation of all actions the robots take.