Robotic Process Automation (RPA) is one of the hottest technologies in the market today and becoming essential for all companies to gain efficiencies and the competitive advantages it provides. It uses a specialized software platform to mimic the actions a person would perform on a PC to complete tasks like logging into an application, moving files, connecting to system APIs, extracting and processing structured and unstructured content from numerous sources, scraping data from the web, opening emails, making calculations, or reading/writing to database. The list is endless. Let’s take a look at why RPA is essential for SMBs.
Why RPA?
RPA boosts productivity, improves cash flow, enhances customer and employee satisfaction, reduces errors, increases process speed, supports audit and compliance requirements, and smooths out impacts of seasonality. Importantly for smaller businesses, it also protects against tribal knowledge and reduces vulnerability to labor market fluctuations and does not require substantial investment in infrastructure. RPA is scalable and is a springboard for leveraging AI and ML to make better, faster business decisions. RPA delivers real value to companies of all sizes, in all industries, and across all disciplines. However, many small and medium sized businesses (SMBs) wonder if they are “too small” to consider RPA or that RPA will not work within their environment. The answer is no! As this technology continues to evolve, its applicability across industries, functions and systems continues to expand. The cost and time to implement has dropped, making it a wise investment for SMB companies looking to stay competitive and agile.
How to Start Your RPA Journey
Here at CoSourcing Partners we like to start clients off with a Proof-of-Concept (POC) that will demonstrate the power and value of automation with quick results to begin the RPA journey. Back-office functions such as Finance & Accounting, Procure-to-Pay, HR, Legal, and IT have numerous automation opportunities. We recommend selecting a process that is low to medium complexity. Complexity of automation is based on several factors including # of applications, # of variations, and # of input forms. With over 70 years of business process improvement expertise, we will first collaborate with companies to identify the best candidates for automation and develop business cases on the top 3 – 5 automation opportunities. In addition, we also identify areas of process optimization prior to automation to ensure the success of the automation and enhance the value that is captured. Once the POC is deployed, an automation roadmap is developed that aligns with the strategic goals of our clients and balances complexity with expected impact.
Fast Track Your RPA Journey
Our RPA solution suite was created to meet the needs of our SMB customer, by working within their budget to deliver superior ROI focused results. We offer Quick Start Packages that are designed to quickly produce value and allow our clients to succeed in their automation journey. These include a Bot Library, 5-for-5 RPA Assessment Training, 15-Day POC, Bot-a-Month and 24/7/365 Managed Services. In addition, our RPA solutions are flexible and can be built within a company’s enterprise or in our cloud that is housed in our SSAE 16 Type II compliant data center. We tailor the delivery to meet our clients’ unique needs.
Competition and markets are moving fast, while labor costs and supply are becoming a bigger challenge. SMB companies want to be prepared to quickly meet the new challenges and leverage data and technology to dominate and grow without major staff and infrastructure investments. RPA begins to deliver game-changing results immediately, with our clients often achieving ROIs in under 4 months. Truly, RPA is essential for SMBs.
The Future is Here, The Time is Now for RPA! Contact Us here, we’ll get you up and running in a matter of weeks.
