Companies Looking to Save Money Should Consider RPA
By Eric Middleton

Robotic Processing Automation (RPA) is becoming an increasingly popular solution for many businesses. When business owners hear about the enhanced data quality, rapid task completion and 24/7 availability of RPA, their interest is often piqued. When they discover the rapid return on investment and monetary savings involved with RPA, making the jump becomes a no brainer. How can RPA save your business money?

Reduced Man Hours

Certain employee tasks can be repetitive, monotonous and high volume. Take our video demo of UIPath as an example. In this demo, UIPath completes a monthly reconciliation of a group of individual PDF statements against a single consolidated statement from UPS. This involves a host of subtasks, all of which are now completed autonomously. Employees simply are not able to complete tasks with the same precision and speed as the RPA functions allow. With RPA taking care of these manual tasks in the background, businesses are able to save money in three ways:

1.
Fast task completion leads to reduced time-to-value. Remember also that RPA is relevant to several business departments such as customer service, finance, HR and many more. The possibility of expediting several business processes within each of these departments (while increasing accuracy) creates several opportunities for savings.
2.
Employees are free to add value in more cost-effective ways rather than being tied up with repetitive manual tasks.
3.
Maintaining productivity levels amidst shrinkage periods. If your business has fewer employees, that doesn’t mean it has to be less productive. In fact, it’s possible that an optimized RPA solution would allow your business to do more with fewer people.
Shifting Focus Toward Customer Relations

Businesses have a choice to make with the extra time that RPA solutions like UIPath create. Many use the extra time as an opportunity to strengthen customer relations. Emphasizing customer assistance allows businesses to deliver the kind of innovative solutions that bolster client relationships. The end result? A more committed and satisfied customer base simply due to the employee flexibility that RPA provides. While this reallocation of existing employees effectively saves your business money, it also keeps those employees active and engaged in more rewarding tasks.

Choose 1Rivet for Your Business Robotic Processing Automation Needs

1Rivet is a UIPath partner and we want to explore RPA with you! We are at our best partnering with both business and technology, collaborating as one unified team. Your success is our top priority! For more information on our focused RPA solutions, please email us at rpa@1rivet.com .

Eric Middleton
About the Author:
Eric Middleton
1Managing Partner & CEO

Embodying the 1Rivet culture, Eric asks himself and others daily: "What have you done for the client today?" He’s a passionate leader who brings an innovative approach and a burst of energy to every client organization.

An expert in program management, data analytics, business analysis and custom development, Eric’s known for his pragmatic approach and his ability to leverage proven methodologies to get things done faster, without compromising quality.

During his nearly two decades of successfully integrating complex IT systems during mergers, acquisitions and divestitures, he’s served dozens of companies in the banking, utility and auto industries.

Prior to founding 1Rivet, Eric was director of enterprise program management at Fannie Mae, director of enterprise program management for SapientNitro and spent as decade as a senior manager at Accenture

He earned a bachelor’s degree in marketing from Pennsylvania State University, State College, PA, where he enjoyed attending Nittany Lions football games.

When Eric’s not working, you can nd him jogging, skiing, woodworking and collecting vintage arcade games from the 1920s-1950s. A Maryland native, Eric lives in Washington, D.C. with his wife, two children, and black lab, Basil.

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