Technology is the new currency of the 21st century. Organizations large and small are seeking to leverage technology in order to improve their business processes and make smarter decisions. Visions of digital transformation have launched a technological "arms race" between companies searching for key differentiators to give them a leg up on their competitors.
What Is Robotic Process Automation?
What Are the Benefits of Robotic Process Automation?
- Improved accuracy: Human error is always a possibility when using manual processes. For example, one study by the University of Hawaii found that 88 percent of non-trivial spreadsheets contain errors. By taking humans out of the equation, RPA has a dramatic impact on the accuracy of your processes' output.
- Faster speed: Unlike humans, software programs can perform millions of calculations per second. RPA agents can work more quickly than any human employee, letting you see results faster.
- Lower expenses: Of course, increases with speed also bring with them decreases in cost and higher profits because you're able to get more done in the same amount of time.
- Better compliance: By standardizing your processes and logging each step, RPA makes it easier to prove your organization's compliance with all applicable laws and regulations.