rpa bots

Why are Bots an investment for companies?

One of the keys to digital transformation is the arrival of RPA (robotic process automation) software or platforms designed to automate different processes of our company. Based on Bots, these types of platforms are in charge of working for us, like a robotic employee!

Designed for the automation of digital processes that are easy to learn and implement, there are currently many reasons for the implementation of an RPA Software. If you still have doubts about why implement these types of strategies, it is undoubtedly better that you continue reading.

 

 

Ways in which RPA software can be implemented in your company

As we already told you, an RPA is designed mainly for digital tasks that are easy for the Bot to learn. That is why, currently, RPAs have been mainly used for quality process management, finance and accounting, marketing, production, and customer service.

One of the most common RPA examples are bots focused on generating invoices or collecting data. Dedicated support chat bots as well as email marketing bots are other simple but popular examples.

 

Reasons why your company should invest in robotic process automation

 

Increase the productivity of your company

When you assign a bot to perform a task, you are freeing up another employee’s work time. This allows your most valuable resource, the human, to be dedicated to what it really should.

According to estimates, the implementation of RPA bots allows freeing up resources that help companies grow by up to 15% over their initial expectations. This is motivated by the optimization in resource management, greater employee productivity and a reduction in operating costs.

 

Better quality, less losses

Another reason why process automation is gaining so much relevance is that it allows improving the quality of actions. And it is that a well programmed robot does not make mistakes, it acts with precision and efficiency.

Reducing the human factor is one of the reasons why the quality of the processes improves and with it, the rate of loss or shrinkage. Increasing the quality is one of the ways in which the return on investment is improved, better quality, better benefits.

 

Attractive and very well justified ROI

According to a related study by the London School of Economics, the ROI (return on investment) or return on investment related to RPA ranges from 30 to 200% per year. This taking into account only the short-term economic benefits left by the same robotic process automation software.

Saving labor, time and effort, as well as resources is the main advantage of this type of software. In addition, according to the firm Gartner it is possible to automate more than 20% of the tasks of a company weighted between 15 to 80% complexity.

 

Options for all budgets

Another of the great reasons why RPA has gained so much strength is the possibility of finding options for all budgets. Today, from a small to a large company can implement this type of software.

According to a Deloitte report, between 2016 and 2017 the majority of process automation is related to activities such as accounts payable, travel expenses, fixed assets and administration, grouping between 90 and 30% of the activities automated by RPA.

 

Reduction of operating costs

The data collected by Seliom in its LinkedIn report shows that companies can reduce operating costs by up to 73%. In addition to increasing operating costs, companies can maximize their income by attracting more and better Leads, as shown by Email Monday. This thanks to 67% of the companies that have automated their processes have increased their Leads by more than 10%.

The combination of lower operating costs with increased sales translates into higher financial profitability and also higher ROI.

 

ROI is the clear winner

Of all the benefits that implementing automation can give you, the real winner in this area is the return on investment. According to estimates, the ROI is extremely fast, since the cost of an RPA can be recovered in 3 to 9 months if you recurrently automate your processes.

In a matter of days you can implement this RPA and start seeing results in a matter of weeks. Weeks! So with an ROI of between 30% to 200% in a period of 3 to 9 months, the recovery will be brutal and the subsequent profits even greater.

 

RPA implementation process

There are currently two paths to follow for the implementation of RPA software. The first is the direct acquisition of the software. Here the company obtains the operating licenses and is in charge of implementing the RPA itself, mapping and automating its own processes.

The second option is to implement the software at the hands of a specialized company which will be in charge of taking you by the hand through this entire process. The learning curve will be much shorter, the processes will be automated more efficiently, and a better return on investment and productivity will be achieved.

If you want to discover how to implement RPA in your business with our services or receive a Proof of Concept (PoC), contact us.

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