Benefits of RPA

The benefits of RPA are as follows:

• Improved productivity: More than 60% to 90% of the repetitive effort can be removed, with RPA increasing the output for each of your employees.
• Rapid results and in-year benefits: Rapid implementation and results are a key promise of RPA as you can conceive, design, develop, and deploy in weeks, not months or years. 
• Low startup costs: Each of the bot licenses is less costly compared to other software tools and the bot can perform the work of about two to three Full Time Equivalent (FTE), ensuring the startup costs are low.
• Reduced processing costs: The costs of processing are reduced drastically as the bot costs around one third to one fifth the cost of an employee, depending on location.
• Improved quality and accuracy: Your bots perform assigned work with 100% accuracy, thereby reducing any rework that may have been required.
• Improved compliance: RPA activities are logged and can be reviewed at any time. This gives you a greater degree of oversight and control over your operations. 

You can gain these benefits using two types of RPA that have emerged so far – one runs on your desktop and the other type runs on a server. 

We will complete projects with both types of RPA in this book. Now, let's take a look at what these types of automation are.