Introduction
Robotic process automation (RPA) is a new-found software technology that makes it predominantly easy to build, deploy, and manage software robots. These robots can come close to the actions of humans by interacting with digital systems and software.
Just like people, most the software robots can do things such as: understand what’s on a screen, replete the right keystrokes, navigate systems, and perform a wide range of defined actions. The added advantage here is that, the software robots can do it faster and more consistently than people. There is also no need for the robots to get up and stretch or take a coffee break.
As a matter of fact, RPA does not require any changes to your current enterprise systems and applications. It interacts with them just as one of your employees would, reproducing the manual interventions with excellent levels of accuracy and efficiency. Rannsolve typically uses a low-code approach and RPA is applied over to dwindle the start-up costs and time to market, fetching real business value in a matter of just weeks.
As this ultimately reduces the cost, increases productivity and improves the quality of work, are very much into RPA implementation. Once implemented, the RPA powered digital workforce runs 24 hours a day. This will transform the labour-intensive elements of your business, which is astounding.
“Next Gen Technologies & Next Level Enterprise Performance”
With the progress of our automation journey, Rannsolve augments RPA with other automation technologies such as Intelligent Document Processing (IDP), Business Process Management(BPM), Artificial Intelligence (AI), and Machine Learning (ML).
RPA & its Benefits
RPA streamlines workflows to a large extent and this makes organizations more profitable, flexible, and also highly responsive. RPA also jacks up employee satisfaction, engagement, and productivity by discarding mundane tasks from their workdays.
RPA can be rapidly implemented for the acceleration of digital transformation.
- Accelerated transformation
- Cost-efficiency
- Greater resilience
- Higher accuracy
- Improved compliance
- Boosted productivity
- More value from personnel
Why is RPA Transformative?
RPA technology is eminently changing how the world gets work done.
Software robots—instead of people—do mundane and repetitive and lower-value work. It includes logging into applications and systems, moving files and folders, extracting, copying, and inserting data, etc. On the other hand, ‘Advanced Robots’ can even perform cognitive processes. It comprises of text interpretation, engaging in chats and conversations, a complete understanding of the unstructured data, and also applying advanced ML models to make complex decisions.
When robots are there to do these types of repetitive, high-volume tasks, humans are freed to focus on the things they do best and enjoy more. Apart from that, Business Enterprises get a boost too in terms of higher productivity, efficiency, and resilience. It’s no wonder that RPA is rewriting the story of work in a faster pace at Rannsolve.
Start Your RPA Journey with US…
We are a one-stop shop for all of your needs. Rannsolve helps you in terms of automation development, software licensing, and also to stand up your enterprise-scale infrastructure.
Rannsolve offers Process Automation and Intelligent Document Automation at zero tool license cost and it forms the CRUX of our business.
RPA is a powerful and extensive tool that can be utilized to streamline workflow automation. It can be used in multifarious areas of the business, including HR, finance, accounting, customer service, and marketing. RPA proffers organizations of different scales varied benefits, such as increased efficiency and accuracy, as well as enhanced customer relationships.
In addition, Robotic Process Automation can help to provide a breathing space to their employees so that they can focus on more value-added tasks. Further, as businesses continue in the path of digitization, Robotic Process Automation will become the most sought after tool to support digital transformation in the long run subsequently.
To wrap up, we can say that Rannsolve can be your extended team, undeniably. If you are eager and ready to dive deeper into learning how our experience and knowledge can grow your business, book some time with our team so that you can learn more about the challenges you face in terms of your business enhancement.
Streamlined Capturing
In a stereotypical manually-driven accounts payable environment, the process of capturing and matching data from supplier invoices is completely managed by the data entry staff. This is a strenuous process and can pose delays to invoice processing.
It is 100% true in the case of decentralized accounts payable teams. Eventually, there is no mechanism involved to ensure that the invoices have even been received at the right location. With accounts payable invoice automation these shortcomings will be taken care of.
Better Compliance
Manual AP processing often brings down huge pressure on the staff/employee in terms of the PO. As a result, they end up holding up the overall process by forgetting to go with the confirmation of services.
Error Disposition
The manual data capturing in AP workflow is a labor-intensive task. It can predominantly lead to flaws in the data entered into an AP system.
Robotic Process Automation can enhance the process with the help of automated invoice data capturing. Ultimately, it can reduce multiple error costs.
Faster Account Harmonization
With the Implementation of RPA in accounts payable, a vast change can be witnessed. RPA can make this process much smoother than software bots. They can be used to automate data transfer, manage minor decision-making, and also troubleshoot inaccuracies.
Scalability
One of the prominent advantages of Robotic Process Automation workflows is that they are completely scalable.
Bolstered-up Supplier Relations
For instance, with manual processes, whenever there occurs a payment delay, the invoice will be sent again. This can ultimately cause confusion, and organizations may end up remitting payment twice for the same invoice.
Cost Savings
Organizations can make significant savings with the implementation of the RPA system. It will pave the way to take on multiple invoice data entry and similar responsibilities that were outsourced earlier.
Heightened Customer Experience
RPA implementation in AP paves companies to deliver enhanced customer service and get a relentless advantage in the industry.
Gentle Financial Closing & Reporting
Implementing RPA technology can facilitate AP departments to automatically process tax entries into various smart financial tools.
5-Step Guide to Implementing RPA in Accounts Payable
For successful RPA implementation in AP, organizations should ensure standardization of the processes and follow the following steps-
Accounting project’s Scope
Validation of the Identified Opportunities
Work out on the baseline Operations Cost
Workflow Standardization
Project Implementation
Conclusion
RPA offers some mind-blowing benefits and many organizations are just beginning to realize it. With the mushrooming benefits of RPA technology in accounts payable, there is a clear trend of growing interest in further floundering.
