We love robotic process automation (RPA), and our customers have seen some serious success and ROI after implementing RPA technology. However, we also recognize that there are many RPA implementation projects that fail, or that don’t generate the expected ROI or efficiency gains. This does not mean that the technology is bad or that the vendor did not implement correctly. In fact, a failed RPA project can occur for a variety of reasons.
It may feel like we’re already at the pinnacle of technological development, what with artificial intelligence (AI) and robotics, but we’re really only at the beginning when it comes to robotic process automation (RPA)!
Today’s workforce is more nomadic than ever. Employees are working from home offices, coffee shops, airplanes and hotels, and it’s because modern technology is allowing them to access information and communicate with their teams from anywhere, anytime.
There’s no getting around it, your company’s AP department is vitally important to the success of the organization. Without quick (and accurate) payment processing to vendors and service providers, your organization loses credibility, money and a competitive edge. There is little that organizations dislike more than late or missing payments!
You’ve been entering data manually into your company’s AP system for years. Never mind that it is clunky, paper-based, inefficient and wrought with data entry errors, it’s your system and you’ll use it if you want to!
Look around you right now. If you're in a public place, count how many people are on some sort of electronic device. If you're reading this from your cell phone, tablet or laptop, well, you prove my point. We are in an era dominated by mobile devices, cloud computing, smart analytics and the Internet of Things and, because of this, digitizing processes and procedures is becoming increasingly important in the workplace. Yes, beyond just streaming Netflix from your phone. Society has gone digital, and the rise of digital technology has caused a dramatic shift in how businesses need to understand the benefits of new and emerging technologies in order to meet the changing needs of today’s consumers.
If you're one of the enterprises that has taken the plunge into integrating a document management solution, we want to say kudos! Once you've experienced the benefits of a paperless automation solution, it's hard to look back at your previously paper-based processes and say, "Gosh, I sure do miss that manual data entry!"
Today is Friday, which means that you've survived another week of work and are likely gearing up for a (hopefully) relaxing weekend. When your week is wrapping up, you may find yourself looking back at your productivity and analyzing your to-do list wondering where you lost time, how many hours you spent on tedious tasks and how you could have gotten even more done. Or you're just thinking about that movie that's been sitting in your Netflix queue since Monday.
Either way, since it's not the weekend quite yet, let's examine the week and consider all the things you could have done instead of manual data entry.