Repetitive manual work, pulling valuable resources from both the back and front offices, can slow down even the most efficient personnel groups. Carefully trained teams sooner or later lose interest in data entry, paperwork, and other forms of record-keeping – and move on or retire, soon to be replaced by new teams that must likewise be trained to perform work with limited appeal.
Organizations large and small struggle with this persistent issue, but there is light at the end of the tunnel. Workable solutions now exist, and one of them – Robotic Process Automation (RPA) – lets business generate real value from these obligatory tasks while accomplishing them far more accurately an efficiently, and keeping employees happy at the same time.
RPA can be combined with Optical Character Recognition (OCR) to scan real-world documents, enter them electronically in your organizational database, and integrate the insights they contain into a full analysis that encapsulates data from all across your network. These tasks (and many others) can be completed far more quickly and accurately than even the best human operator, while never causing the AI algorithm to tire, complain, lose focus, or demand a raise. The nature of the algorithm also allows for excellent transparency, and processes can be visualized and checked at any point.
Innovations such as RPA sometimes overlap with advances in Enterprise Resource Planning (ERP), although RPA is designed to adapt to the specific system that each client uses, rather than requiring the client to adapt to a new system. These advantages help explain why RPA represents such a dramatic advantage for labor-intensive, white-collar companies, such as those in the insurance and banking sectors, for instance.