01 Jun, 2021 | Blogs
The Covid-19 pandemic may have wreaked havoc among companies, yet the robotic process automation (RPA) market is likely to grow at double-digit rates through 2024 (Gartner). The writing is on the wall: RPA is the undisputed technology for businesses, regardless of their size or industry. Yet, many small businesses still haven’t started their digital transformation journey, driven by RPA,, due to budgetary constraints or lack of understanding of the technology.
Small businesses are usually susceptible to a global crisis such as a pandemic or a financial downturn. Therefore, they must adopt a novel strategy that helps them catch up with the evolving trends and market landscape. It is all the more critical for small companies with limited employees and operational set up to embrace RPA to respond to the changes and gain a competitive advantage.
But is automation even an option for these startups or small companies with bootstrap funds? The answer is a resounding yes! In fact, RPA and automation, at large, can be deployed quickly and efficiently in a smaller organization as they have fewer employees who are familiar with business processes. In contrast, large firms face massive employee resistance to RPA and find it difficult to swiftly adopt automation.
Also Read: 5 Common RPA Myths Debunked
Here are our top five reasons why RPA for small organizations can be a gamechanger amid evolving business landscape:
Better Business Operations
One of the most obvious benefits of RPA for small businesses is its ability to report and manage data accurately. Reports and data management can involve various mundane and repetitive tasks, which require hundreds of man-hours every month. With simplified data management, automation improves the overall workflow and results in heightened efficiency. Streamlined workflows also lead to higher productivity, giving maximum returns down the road.
Business Scalability
RPA for small businesses gives unmatched flexibility based on the real-time requirement. It allows firms to quickly deliver multiple tasks without much human intervention. Since RPA is highly scalable, its implementation can be scaled up or down based on the market needs and the overall industry unpredictability.
Reduces Operational Costs
Small firms have a limited budget and number of employees, which is also the most compelling reason to implement RPA. While automation implementation is a one-time cost, it ensures that the bots meet specific business needs and streamline work for employees. Since one employee usually manages a process from start to finish, it is easy to implement workflow automation, which significantly reduces operating costs and frees staff from working on mundane, repetitive work.
Starts Digital Transformation
RPA for small organizations creates a base for other digital transformation projects. It connects disparate systems without any expensive API integration as the bot mimics human interactions with legacy systems. Software bots can track all legacy systems that require maintenance and is almost equivalent to a global enterprise’s IT staff.
Allows Business Expansion
As RPA takes over all the repetitive and mundane tasks, it allows the human workforce to focus on developing high-level business strategies. This is particularly important for smaller businesses that need to agile and accurate while making decisions. RPA bots provide critical data that is intrinsic to the expansion and success of small companies.
Also read: Strategies To Advance Your Automation Journey
Final Thoughts
RPA for small companies is a life jacket that helps them stay afloat during a turbulent business landscape. It allows smaller firms to mitigate risks by streamlining processes and create agile and automated workflows. RPA bots are known to eliminate errors, increase compliance, ensure business continuity, and drive scalability. In other words, in the age of digital transformation, RPA is not a matter of choice for smaller companies but a necessity. It is a tool that allows them to focus on expansion within a competitive working environment.
Let us Talk
To start your digital transformation journey, talk to one of our automation experts. Nuummite Consulting not only automates your processes but provides strategic consultation for maximum return on investment. We are a leading RPA implementation partner in the Middle East and have worked across industries, including retail, pharma, healthcare, banking, insurance, etc.