3 Benefits of Robotic Process Automation for Businesses

Robotic Process Automation (RPA) is a rapidly growing technology – while it started out as a tool reserved only for large business enterprises, the recent boom in self-directed learning and knowledge sharing has made RPA accessible to enterprises of all sizes and industries.

RPA is a form of business automation that you can set up to complete systematic tasks by following a set of specified rules and logical processes. For example, instead of having your employees manually check business documents to ensure data accuracy, RPA can be applied to complete these checks more quickly and with greater accuracy.

Here are the main applications of RPA:

  • Extracting/downloading files and data from emails.
  • Data extraction from documents. 
  • Automate form processing for internal use or with third parties.
  • Data transfer across various documents and IT systems.
  • Data tracking and monitoring. 

While the application of RPA involves a slight learning curve, it is useful for businesses to enhance their work efficiency without involving an excessive level of financial commitment or investment.

Here are the 3 main benefits of RPA for businesses: 

1) Reduction in manual errors and repetitive tasks. 

In Singapore’s tight labour market, it is ever critical for businesses to find ways to maximise employee productivity such as by streamlining and simplifying tasks or reducing the possibility of manual errors and time wastage.

RPA is perfect for rules-based and repetitive processes, which saves your employees’ time on performing repetitive tasks, so they can focus on more innovative and rewarding processes to enhance the quality of your products and services. 

2) Real-time data monitoring for detection of exceptional activity. 

In industries where business compliance and data security are critical, RPA can be applied to perform real-time data tracking and monitoring on your operational data. For example, if there is any exceptional activity detected, a prompt can be sent to your team leader and management team for further action to be taken at the earliest opportunity.

3) RPA tools are easy to learn and do not require extensive coding backgrounds. 

Compared with traditional coding languages, RPA has a much gentler learning curve while still bringing measurable benefits to most businesses. 

It is easy for anyone to pick up RPA reliably within one or two months and help to finetune or update your RPA according to your business’s evolving needs, instead of relying on expensive professionals to customise or hard code your system based on existing requirements.

To hear more about Robotic Process Automation, join our upcoming webinar ‘SAP Business One for SMEs and automation of tasks’ on 21st June 2023 (Wednesday), 2 – 3pm where we will introduce RPA, how it can complement your business as well as the available grants to assist your business digitisation process. 

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