How can SMBs Implement RPA with Existing Workflow

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How can SMBs Implement RPA with Existing Workflow?
Small and medium-sized businesses play a profound
role in the economic development of many
countries. While an array of critical problems
can slow down the growth of these companies,
technology like Robotic Process Automation can
lift overall productivity. 46 of medium-sized
businesses in the US said they have implemented
RPA or utilized it at scale across multiple
departments of their organization. Others are
considering and researching more about RPA. By
now, businesses are interested in RPA and they
are talking about their growth. RPA is not just
for large conglomerates it comes with the
opportunity to automate different parts of the
work process. Automation is workable for small
and medium companies. RPA can be implemented even
more efficiently in small mid-sized businesses
than a large organization. In SMBs employees
familiarity with the process are higher compared
to large enterprise. Hence, the results of RPA
implementation are usually better.
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• Day-to-day problems possible solutions
• Here is the list of top 4 day-to-day problems and
  possible solutions that RPA can provide to small
  and mid-size businesses.
• Your legacy work system is not cooperating with
  the new applications.
• We understand you spend a lot on experimenting
  with new technologies to boost the existing
  workflow, yet you see no desired results. But
  with Robotic Process Automation, you can combine
  it with your existing processes across your
  enterprise for one or all solutions. Businesses
  today have a complex environment with a wide
  range of applications. As a business grows, the
  complexity increases. Companies adopt new
  technologies, mergers happen, the acquisition
  occurs and other changes continue. Therefore, to
  make this process run equally, RPA can help.
• Transferring even a small file takes a longer
  time.
• Small or mid-size businesses (SMBs) move hundreds
  of files daily. Manual completion of tasks can
  take a lot of time and also, it does not always
  error free. RPA software supports all the small
  mid-sized businesses advance requirements such
  as big data manipulation, complex file names,
  error handling and secure transfers.
• Giving minimal importance to data protection and
  security regulations.
• Most often at the start, businesses are reluctant
  about database protection or the security
  regulations they need to ensure while working.
  You can streamline the process using RPA. It
  allows the automation of database queries and
  encryption at every level of the workflow. This
  makes business compatible with data protection
  and security norms.
• Manual compilation and report distribution.
• Every day it takes a lot of time to compile
  spreadsheets or manually create the reports in
  your ERP system distribute it. Its tedious
  and also leaves space for human error. RPA can
  automatically write reports in a variety of
  formats. You can integrate reporting with other
  related actions, for example, scraping the data
  from email attachments, writing the data into an
  Excel sheet or email the documents to clients or
  employees.

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Market Prediction

• Source
• The global market for RPA Software and Services
  reached 271 million in 2016 and is expected to
  grow to
• 1.2 billion by 2021 at a compound annual growth
  rate of 36.
• Positive takeaways
• Both RPA and BPM are vital weapons for small and
  medium businesses. Check the positive takeaways
  that small and medium business leverage from
  Robotic Process Automation.
• Flexibility The market demands changes
  continuously. RPA provides flexibility to enhance
  the adaptability of SMBs and helps the business
  perform better according to market trends.
• For example
• There is a small company with 10 full-time
  employees processing up to 400 invoices every
  day. The company needs to spend 150,000 per
  month on these employees to process up to 17600
  amount of invoices per month. For a small
  company, this is costly. Here, the company can
  take RPA as a service to save over 35 of costs
  and increase processing time by 50.
• Data Management RPA can offer improved data
  management and intelligent insights. It stores
  every minute data that can be useful for gaining
  valuable insights while planning business
  strategy. RPA helps small and mid-size businesses
  to scale up and be on the competition.
• Recurring Task RPA takes care of repetitive
  tasks and process it automatically. Here, it
  enhances the efficiency of the output, increasing
  customer satisfaction.
• Accuracy The chances of error during rigorous
  calculations are negligible when the company
  adopts RPA.

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• Cost As RPA automates tasks, it saves manpower
  costs. Also, SMBs can repurpose the RPA tools
  once a process is no longer active. This
  turnaround time saves developer integration
  costs and effort.

Considering RPA adoption? While RPA adoption and
implementation seem like a daunting task,
automation technology is a stepping stone for
your business. RPA is a boom for SMBs.
Externally, it will increase efficiency and
productivity, ensuring improved service levels
and internally boosting employee engagement,
efficiency and reducing TAT. Where to seek help
for RPA implementation? RPA for small business
and mid-size enterprises provides a functional
equivalent of the great number of IT staff that
large organizations have. All this, with much
lower costs. You can talk to the RPA service
provider and discuss your business goals, problem
area, and costs required for an end-to-end
solution. If required, you can ask the team to
combine RPA with other automation tools to gain
the most out of them. Let us know your view on
RPA for SMBs! Follow our blog for more insights.
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