Technology and AI have revolutionized the way businesses operate in recent years. One of the most promising technologies that have emerged in the automation revolution is RPA (Robotic Process Automation). RPA is the process by which programmed software robots automate repetitive tasks that humans previously handled. The benefits of RPA in business are magnificent. As a result, RPA has become one of the most emerging trends of 2023, attracting the attention of both domestic and international markets. RPA has offered a range of advantages for diverse areas:
Finance and Banking: there is a lot of repetitive manual work including data collection, withdrawal processes, money transfers, payments, loans, credit, etc. Robotic Process Automation can analyze, make statistics, and export reports from available data, which helps us save time and avoid unnecessary errors.
Manufacturing and Retail: With an extremely large quantity of goods, the Bot helps scan and check the order code and enter the invoice into the system. Additionally, the process of handling a large quantity of goods becomes easier. This allows businesses to streamline their operations, reduce costs, and increase efficiency.
Logistics: As a chain of operations with a continuous flow of import-export business, this complicated process includes storage, transportation, inventory, and delivery tracking. Applying Robotic Process Automation to the process makes the system more consistent and secure.
Read more: RPA – A Revolution for your enterprise
Let’s look at the advantages businesses receive when they deploy RPA solutions:
Benefits of RPA Implementation
Saves costs
One of the most significant benefits of RPA implementation is the reduction of personnel costs. The enterprises can cut down from 25% to 50% of personnel costs (including recruitment, training, salary, and other benefits). This reduction in costs also means solving the problem of personnel shortage, allowing businesses to maximize profits.
Increase productivity
RPA solutions help streamline business processes, so employees can focus on more important tasks and increase work efficiency. In addition, unlike humans, Bots do not require rest and are capable of working continuously 24 hours a day, 7 days a week, ensuring uninterrupted service. According to a survey from Deloitte, work productivity increased by 86% thanks to the Robotic Automation Process solutions applied
Ensure high accuracy
Human concentration is limited over an extended period when performing repetitive tasks, and errors are inevitable. In contrast, when implementing RPA solutions, the accuracy rate can reach up to 100% because Bots are pre-programmed with operations and processes, allowing them to operate continuously without being influenced by external factors.
Improve security
It is difficult to have a working process that can guarantee 100% absolute security. However, an automated operation by Robot will have an advantage over using humans because Robotic Process Automation can record full activity logs including login history, activity, and password… This makes it easier to identify and alert security personnel of any abnormal breaches, reducing the risk of security threats.
To sum up, applying for Robotic Process Automation has become a game-changer for businesses across various industries. With further advancements in Robotic Process Automation, more benefits and opportunities are expected to emerge in the future.
Read more: Top 4 criteria for choosing the right RPA vendor
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