With the spike in the capabilities of RPA, robotic process automation companies are now offering to automate business processes in better manner and for more versatiles use cases in multiple industries like IT, banking & insurance, finance, and even healthcare and retail.
Workflow automation, which rose to popularity in the 1990s is certainly the forerunner of RPA in the sense that it was highly adopted by industrial setups to capture and translate certain fields like invoices, sales, emails, etc, to add to their databases and notifying the concerned departments/resources for further action.
Deloitte suggests that RPA is an amalgam of automation and AI: “Robotic Process Automation (RPA), a synonym to AI, is the application of technology allowing employees in a company to configure computer software or a ‘robot’ to reason, collect and extract knowledge, recognize patterns, learn and adapt to new situations or environments.”
The present wave of RPA solutions reflects a mature phase on both, the technology side, as well as in the business process aspect.
The market is on an rapid advance causing massive cost reduction, improved accuracy and efficiency, more regulated compliance, and ease of management.
In fact, the business process outsourcing sector is becoming highly dependent on RPA tools, so much so that customers would not have it otherwise.
Yes, the education sector as well is ready to witness a revolution with this new-age technology.
The major focus of RPA may be elimination of inefficiencies and the effort of human resources that gets wasted while executing mundane tasks.
With robotic process automation tools, this long process of registration can be simplified with simple logics and subsequent actions.
Activities like checking the forms for complete information, eligibility criteria, sorting and arranging into complete and ineligible applications, making longlists and shortlist becomes a matter of a few clicks.
While hiring the services of robotic process automation vendors seems like a costly investment to those institutions that are new to it, the truth is that RPA saves huge on time as well as the additional money spent on keeping a big staff.
Apart from that, the results are more accurate.
What is robotic process automation?The RPA systems Charter Global creates enables a business to automate a repeatable process that typically requires a human component.
We often recommend RPAs to businesses that are in need of a solution that doesn’t make mistakes, is able to run 24/7, and there is no downtime for the task at hand.How RPA software worksRPA robots are capable of mimicking many–if not all–human user actions.
They log into applications, move files and folders, copy and paste data, fill in forms, extract structured and semi-structured data from documents, scrape browsers, and more.What are the business benefits of RPA?Robots are here to stay.
The faster you harvest their potential, the faster you create a competitive edge for your business.
It will allow for superior scalability and flexibility within the enterprise, doubled by the fast, tailored response to specific needs.
Software robots are easy to train and they integrate seamlessly into any system.
Robotic Process Automation or RPA is one of the digital transformation technologies that help businesses automate repetitive routine tasks.
Know all about RPA and its benefits here!
