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Automation is not just for large enterprises anymore (Read our article – RPA for SMBs). From freelancers and SMBs to early and growth stage startups, everyone is exploring multiple avenues of business process automation wherever they can. In the recent past there has been mushroom growth for automation tools, most of which claimed to be No or Low code, Drag & Drop workflow creation, resulting in faster adoption. Organizations of all sizes need to instill …
One key question post RPA implementation is how to Measure automation performance, what are key metrics and a gauge to ensure RPA implementation is successful for your organization. Below are four key measurement indicators Financial Impact Average annual cost savings Five-year cost savings Payback period Long term (Five-years) return on investment (download ROI calculator) Business Operational Value Process efficiencies: processing time Process effectiveness: daily throughput Improvement in data analytical capabilities Improvement to regulatory compliance/accuracy Workforce …
Robotic Process Automation is a high profile strategy which delivers tremendous efficiency gains, costs savings, improved compliance, audit trails, etc. There are countless stories of low hanging fruits being picked at large enterprise organizations returning multiples of 5 and 10 times FTE cost savings through the use of RPA applications. For SMB client the question remains as can they realize equivalent impacts? RPA does still have impactful potential for SMB companies but the …
Intelligent / Cognitive Automation Cognitive automation, also sometimes referred as intelligent or smart automation is the fasted growing field within automation. As automation is mainstream business now, any discussion on RPA would surely get into conversation about Intelligent/Cognitive automation. What is Intelligent Automation While automation is old as the industrial revolution, digitization greatly increased activities that could be automated. Initial tools for automation, which includes scripts, macros (also read: http://luceats.com/macros-powershell-scripts-and-rpa/) and robotic process automation (RPA) …
