ROBOTIC PROCESS AUTOMATION

Improve Efficiency, Eliminate Errors, Create Significant Impact on Your Bottom Line

What is Robotic

Process Automation?

Robotic Process Automation is a software robot that mimics and integrates human actions within digital systems to run a business process. It is a type of business process automation that uses a set of instructions to execute error-free tasks at high speed and volume. The biggest competitive advantage of RPA is that it can be implemented without making changes to existing systems. It is faster, scalable, more reliable, and works without the need for any complicated IT integrations.

Why Robotic

Process Automation?

Business Process Optimization usually involves four main steps:

The global robotic process automation market size is expected to reach $11 billion by 2027, expanding at a CAGR of 34% from 2020 to 2027 (Grand View Research).
50% of companies spend between $5- $25 for manual invoice processing (Automation Anywhere)
McKinsey and Co. suggest that around 45% of the tasks in a business can be automated.
Organizations that implement RPA can reduce costs from 35-65% for onshore process operations and 10-30% for offshore delivery (NASSCOM).

Robotic Process

Automation Vs. Traditional IT

Unlike other traditional IT solutions, RPA doesn’t require modifying existing IT infrastructure and can automate repetitive, rule-based tasks. Since it doesn’t require knowledge of programming skills to execute tasks, it is quick to implement and can be integrated with several applications for a seamless flow of information.

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4 How to Evaluate Process For RPA?

Here are four basic checkoffs when identifying a process for RPA:

The process must be rule-based.
The process must be repetitive or have a pre-defined trigger.
The process needs to have defined inputs and outputs.
The process should have a high volume of tasks.

Process discovery can be a challenging task, and when done incorrectly, can lead to RPA implementation failure. Let us help you get started with your digital transformation journey. Schedule a consulting session to know more

How does Robotic Process

Automation work?

Robotic Process Automation bots are capable of mimicking human actions, such as logging into the system, copy-pasting data, moving files and folders, etc.

Watch the video to see the RPA bot in action

Application of Robotic Process Automation

RPA can be deployed in nearly every sector for notable, positive effects on the return on investment. Here are some of the applications of this game-changing technology in various industries:

Streamline accounting
Automate reconciliations
Reduce data entry costs by up to 70%
Ensure higher compliance

Patient appointment and scheduling
Revenue cycle management
Internal audit procedures
Patient engagement and satisfaction initiatives

Invoice and purchase order processing
Network management
Customer onboarding and offboarding
Expense control

Patient appointment and scheduling
Revenue cycle management
Internal audit procedures
Patient engagement and satisfaction initiatives

Claims processing and complaints handling
Room booking
Competitor pricing analysis
Enhanced analytics and reporting

Store planning and inventory management
Marketing planning
ERP and work order management
Customer support and returns processing

New Business & Underwriting
Claims Processing
Form registration and other manual data entry
Regulatory Compliance

Document handling and validation
Reconciliation and reporting
Form processing
Financial management and audit trail