Save Money and Cut Down on Excess Staff With Automation
For most organizations, tedious manual processes are a normal part of everyday business operations, when they should be a thing of the past.
Why? Behind these processes are a team of human staff spending an excessive amount of hours on tasks that leave them feeling overwhelmed and unproductive instead of feeling fulfilled by what they are doing. When these tasks are their main focus, other more important priorities slip through the cracks.
Many businesses looking to scale often end up hiring more staff, which only costs more time and money. A more effective solution is to implement Robotic Process Automation, also known as RPA.
What is RPA?
RPA is a software tool that uses bots to automate business processes traditionally performed manually by humans.
How RPA Can Help Your Company Redirect Resources and Save Money
One of the most significant advantages of implementing an RPA solution is that it eliminates the need for employees to spend excess amounts of time on monotonous, repetitive tasks that leave them feeling undervalued and bogged down. This is a common issue that many organizations face.
In fact, a survey from EY found that 59% of finance departments’ resources are strained because so much time is spent manually handling transactions.
With an RPA solution implemented, the following manual tasks can be automated:
Processing payments
Managing inventory
Inputting purchase orders
And more
With RPA bots taking care of these tasks on behalf of your human staff, your team can be re-distributed to other more valuable areas of the business where they can focus on more important tasks, such as:
Investigating outliers in financial reports
Analyzing trends & providing analysis
Advising and consulting for other departments
This often improves employee satisfaction and engagement, and staff becomes more productive and efficient. For example, with RPA bots managing most manual procedures, staff can better optimize their workflow and provide better service to customers, and better manage their new set of priorities.
To sum things up, instead of hiring too many staff to handle an increased workload as you scale and ending up having to conduct layoffs, RPA helps you make your existing team more efficient by focusing their efforts on more valuable areas of the business. Staff also won’t be required to work overtime, except in exceptional cases, as RPA bots are able to work 24/7.
Meanwhile, RPA bots work tirelessly behind the scenes ensuring manual tasks are being completed quickly and with 100% accuracy. This helps your organization save 40-70% in labour per business process, over time, while still maintaining a robust team of human staff that helps keep your business afloat.
Why RPA Is Not a Replacement For Human Staff
While it’s true that RPA can fill the shoes of your employees when it comes to certain tasks, it’s important to note that RPA is not an outright replacement for all human staff.
The goal of RPA is to augment certain roles and improve productivity while providing your staff with the time and energy to focus on other areas of the business.
It can, however, fully replace excess staff that focus solely on repetitive tasks. For example, if you have three employees focusing on Accounts Payable, RPA could potentially be used to replace two of the employees while keeping the third onboard for exceptions, improving processes, etc.
Additional Benefits of RPA
Tasks Are Completed Faster
Because RPA bots are not human, they are able to perform tasks in a fraction of the time that it would normally take a human. Plus, they don’t take breaks, go to sleep, or leave the office at the end of the day. They are capable of working at maximum capacity 24/7, even on holidays and weekends. This means bots are constantly working behind the scenes, ensuring that tasks are being completed at a rapid rate.
Fewer Errors
Through no fault of their own, humans often make mistakes when handling the same manual repetitive tasks day after day. It’s simply a part of human nature that cannot be prevented.
RPA bots, on the other hand, are not human and do not make the same mistakes. The amazing thing about RPA is that it does exactly what it’s programmed to do, and will perform manual processes with 100% accuracy.
As you can see, RPA is an incredible tool that can empower human capital and save your organization money while improving existing operations and processes.
Interested in learning more? Get in touch with our team of automation experts at Thrive Automation today to start your journey towards a more efficient working environment.
