As the 2020s progress, you’re going to hear more and more about how all types of industries are leveraging Robotic Process Automation (RPA).
RPA uses software robots or “bots” to automate repetitive digital processes in your organization. The bots can be used for anything from workflow automation to performing tasks that eat up hours of manual labor repeating the same keystrokes and processes. Once a bot is installed and refined, it will work tirelessly and error-free indefinitely.
That’s just the beginning of the benefits of RPA, though. Take a look at the stats below, both from industry research and our own client experiences, to see the kinds of impacts RPA can have on your organization.
An Insurance company processed their claims in one week, as opposed to the industry average of 50 days1
A leading national bank reduced 60 days of manual effort on validations to just one day3
An automotive manufacturer automated access to all their systems, also delivering an additional $2M in revenue5
According to Gartner, within the finance function alone, human error produces 25,000 hours of avoidable rework annually7
1, 2 Altoros, Zurich Insurance Group Incorporates RPA to Achieve $1B of Savings, September 17, 2018
3, 4 Celerity Case Study, Using RPA for Validation Taking Process Execution to a Whole New Level, December 03, 2019
5, 6 BluePrism World Recap, Digitial Visionaries, 2018
7, 8 Gartner, Realize the Value of RPA in Financial Reporting, November 15, 2019