Robotic Process Automation (RPA) is the use of innovative software technology to automate any structured business process, in order to cut operation costs and increase productivity. Automation involves the use of software robots to do repetitive manual tasks.
One of RPA’s greatest strengths is that you can implement it on existing IT systems, without modifying them. The RPA Software is installed on end-user devices such as PCs and mobile phones, which creates a smooth transition from the use of a human workforce to RPA robots. Read on to learn all about RPA.
The first thought that comes to mind when you hear of RPA is what it means. The RPA definition is a technology that uses software robots, to automate a systematic and repetitive business process. RPA is therefore different from the use of physical robots to automate manufacturing processes.
RPA software emulates the specific actions of a human executing a business task or process. It, therefore, has to run from the same device, which a human uses to perform the actions it is emulating.
Some of the actions the RPA software can execute through the use of its robots include clicking, typing, opening applications, copying and pasting, using keyboard shortcuts, sorting lists among other repetitive tasks.
Most organizations with legacy infrastructure lead in the use of RPA software to lower operation costs, and increase productivity. They include:
Process automation is a generic term used to refer to the action of automating any structured business activity. All structured business activities that can make software less time to execute without human intervention, qualify for process automation.
RPA technology is the methodology and skills used to develop and implement RPA software. Like other technologies, RPA technology may vary slightly from one RPA supplier to another. However, the goal of any RPA Technology is emulating humans when executing certain business processes.
One of the most common tasks in any finance department is opening an email to check for new invoices, and if there are any, you print them. The same applies to use information from an LPO to retrieve invoices from the inbox, then printing them. Such processes are systematic and repetitive, and can, therefore, be automated using RPA Technology.
According to Gartner, RPA is one of the fastest-growing software industries, with a 63.1% growth reported in 2018. While the current RPA market value is less than $1.3 billion, a modest figure by software industry standards, we expect that figure to soar by 2022.
With all the benefits of implementing RPA, it is a sure way to take your business operations to the next level.