ROI of Robotic Process Automation

Many companies are experiencing post-pandemic challenges and are looking for ways to ensure stability and business continuity to help keep them afloat. As organizations adjust to the new normal, the rate of robotic process automation deployment keeps increasing. RPA is being widely adopted at a rapid pace across all industries because it is speeding up ROI for many organizations – all without overhauling existing legacy systems, which is a huge plus for those seeking a cost-effective digital transformation.

Rapid ROI

Businesses want to quickly maximize the return on their investment in order to achieve productivity gains and new wins that will help get their company back on track. As companies adjust to the new challenges arising from Covid-19, it is more important than ever for them to keep up to speed with the latest technologies that can help them advance. 

Measuring ROI

Making sure to choose the right processes to automate is part of successfully obtaining a fast and significant increase in ROI. Therefore, it is important to consider which tasks are most repetitive, which are tedious and waste valuable employee time, and which tasks are more likely to be error-prone. When tasks are delegated to bots, can certainly impact ROI; A company can accurately measure ROI by comparing robot activity to human productivity, thus revealing if bot efficiency is saving the company from costly human errors and speeding up the rate at which tasks are completed. Moreover, implementing an RPA tool allows employees to focus their skills on higher-value tasks. Consequently, the ROI of RPA deployment can also maximize the possibility of achieving business goals. Because implementing RPA can also improve the quality of work, it is likely to have a ripple effect and improve customer experiences which in turn can lead to increased sales.

Things to Consider

1. While it may seem like a good idea to have an in-house team handle an RPA implementation, it may not be the most cost-effective. Instead, hiring a third-party provider helps companies actually cut costs by eliminating the need to recruit and train a team on how to use the new technology. Moreover, if RPA teams are inexperienced, they may lack the understanding it takes to manage the complexities of automations or may overlook process exceptions – both of which impact a bots productivity, and therefore impact the ROI.

2. Choosing the right platform can affect the rate of ROI for your organization. Scalability and accessibility are key factors in accelerating the ROI of your RPA deployment. You want an RPA software that can easily scale and can also be integrated into a wide array of systems to ensure compatibility.

3. Having the support structure you need will help you gain long-term success. Unbeknownst to many companies, bots need maintenance and adjustments on a regular basis. Companies can rely on a consistent ROI when bots are monitored to always run smoothly.

Financial Justifications of RPA

Sometimes companies have a false impression that when using RPA for EBS, the complexities involved in setting it up as well as maintaining it may not justify the return. However, implementing RPA is not always associated with significant costs. In actual fact, the cost may be relatively minimal compared to the rapid rate at which a positive ROI is achieved. In many instances, the development and implementation of an RPA solution can be done within a matter of just weeks, allowing businesses to see results faster than expected. For obvious reasons, RPA solutions can vary greatly for different enterprises and their specific needs. Nevertheless, understanding the business value and benefits that automation can bring to any company helps justify the financial costs of the digital transformation.

Conclusion

RPA is the key to helping businesses prosper in the post-pandemic workplace – especially as they adjust to the ‘new normal.’ Ultimately, the benefits of ROI will almost certainly exceed the costs of deploying RPA. RPA can provide great value and deliver a positive ROI. Beyond that, RPA can help companies accomplish business goals and help justify investments in automations. 

If you are ready to get started on your RPA journey today and are excited to maximize your ROI, AuraPlayer is here to help. Here are some resources you may find useful:

  1. RPA Whitepaper 
  2. Watch a video demo 
  3. Request an AuraPlayer demo
  4. Kickstart Your Free Trial

 

As always, if you have any comments or questions, we’d love to hear from you, so please feel free to get in touch.

About AuraPlayer

AuraPlayer is a unique, patented technology that automatically generates mobile applications and automations from existing back-office desktop applications, allowing customers to begin their digital transformations while leveraging existing investments. AuraPlayer eliminates the need for system integrators or rigid packaged solutions. The technology brings a new level of agility to legacy systems, with their low-risk, flexible, affordable, and automated solutions without redevelopment.

ROI of Robotic Process Automation
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ROI of Robotic Process Automation
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Many companies are experiencing post-pandemic challenges and are looking for ways to ensure stability and business continuity to help keep them afloat. As organizations adjust to the new normal, the rate of robotic process automation deployment

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David Buch
Senior Products Manager

David, our Senior Products Manager, is a highly experienced professional specializing in product definition, innovations, and development, with broad customer understanding, and skillful people management. He has over 20 years of R&D work experience, and continues to excel in his expertise. Before starting his career, David attended Bar-Ilan University where he studied computer science and economics. When he is not working, David enjoys spending his time as a professional tuba player joining symphony orchestras and chamber ensembles.

Elizabeth Pearl
Relationship Manager

A Relationship Manager, but a teacher by degree, Elizabeth is passionate about technology and always seeks to educate and improve the lives of others. During her years as a teacher, Elizabeth learned valuable skills that she applies to everyday life and her role at AuraPlayer: active listening, organization, preparation, and clear communication. Elizabeth is originally from the United States but currently resides in England. In her spare time, she loves exercising, spending time with her family and friends, and playing volleyball.

Nathalie Wasserman
CFO & Operations Manager

Natalie is proud to be AuraPlayer’s Operations and Chief Financial Officer. She takes pride in her work, and loves being a part of the AuraPlayer family. Prior to working at AuraPlayer, Nathalie worked at various companies as an accountant. She attended the University College London (UCL), where she graduated with a Bachelor’s Degree in economics and business. She then went on to pursue a Master’s degree in Political Economies in Eastern Europe. 

Gwen Edwards
VP Business Development

An expert in helping businesses seize their potential and grow, Gwen is committed to take AuraPlayer to the next level. With over 30 years of experience in the high technology sector and working with Fortune 500 companies, she works as an advisor for growing businesses to help enhance their value and reach their business objectives. She’s a dynamic member of our team, leveraging her sales and marketing, and P&L experience to our current and future product suite.

Gwen also serves on a several private company boards in Silicon Valley, and is an active member of the angel investment network, Golden Seeds.

Yossi Nakash
CTO & Co-Founder

A true developer, Yossi has been developing and coding in Java / J2EE, C++, .Net, and C# for over 15 years, focusing mainly on the RD side of things. Entering the Oracle World about 5 years ago, Yossi immersed himself in the world of Oracle SOA, Weblogic, ADF and ADF Mobile, as well as the Java side of things.

Prior to joining Mia to found AuraPlayer, Yossi held the role of RD team leader at RadView and was a Java developer at Motorola.