Benefits of RPA

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Robotic Process Automation (RPA) uses software bots to complete repetitive digital tasks, and businesses across verticals are taking notice. The global RPA sector is expected to expand at a compound annual growth rate of more than 40% through 2027. Clearly, enterprises are increasingly willing to invest in advanced automation—and the reasons are clear.

The benefits of RPA include better accuracy (bots don’t make typos), much quicker processing (bots are fast), and lower costs (bots are cheaper than manual data management). But—as industry professionals looking to maximize productivity—why we need RPA the most is that it removes necessary but mindless labor from the workforce, allowing humans to do what they do best: innovate.

Leading Benefits Of Robotic Process Automation​


1. Increased productivity for mission-critical business tasks.​

Compared to manual data handling, RPA bots are incredibly fast. They also operate 24 hours a day, seven days a week, driving essential processes forward while the workforce is asleep. That makes RPA ideal for high-volume, day-to-day business processes like customer onboarding. In fact, one leading insurance company automated their onboarding process with Nividous smart bots to achieve a 60% reduction in Full-Time Equivalent (FTE), a measure of the time it would have taken human employees to complete this work.


2. Stress-free compliance with legal and regulatory requirements.​

Robotic process automation is particularly helpful for companies that operate in highly regulated environments like health care, insurance, and financial services. RPA in healthcare helps in improving patient care by automating both front and back-end processes. When bots perform compliance tasks like reconciliations and routine controls, error rates plummet. Health care provider Kane Wound Care uses Nividous AI-enhanced RPA bots to translate patient documentation into billing codes and invoices. With RPA, Kane Wound Care’s coding accuracy improved by 90%.

Read more specific benefits of RPA, along with examples of how Nividous has helped clients realize these advantages.
 
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