The costs and benefits of an RPA implementation
Robotic Process Automation offers many new cost-saving opportunities. On average, companies that implemented RPA have met with a doubled investment return, with top performers reaching up to a quadruple return. However, many companies fear the costs that are associated with an RPA implementation. RPA does come with a set of costs, but these are easily scalable and adaptable to individual needs and wallets. Let us break down the costs of an RPA implementation, as well as discuss the benefits that RPA can offer.
Is it worth investing in RPA?
In short, yes. RPA brings a wide range of benefits to the table, cutting costs and generating savings. RPA can reduce operational costs by automating key IT processes. It can create savings by removing the need to hire specific new specialists. By taking over repetitive operational tasks that customer service workers need to perform, it allows them to focus more on the customer's needs. There are also many ways in which RPA can benefit and speed up accounting or improve an HR department's quality of work.
What are the costs of RPA?
There are some costs associated with an RPA implementation, and these can be broken down into preparation costs, development costs, and infrastructure costs. Preparation costs come with identifying processes that are aimed to be automated. A good RPA vendor will work with its client to identify the most optimal strategies. Clearly defined processes will help smooth out the implementation and bring benefits on day one.
The development costs are dependent on how large the implementation is. A lot of processes can be automated simultaneously, but you can start small and scale up as you go. The costs may vary depending on how complicated the implementation is, with some infrastructures requiring more detailed work to implement RPA. The right RPA provider can communicate these costs clearly and tackle more complicated implementations safely.
There are some costs associated with infrastructure. On-site infrastructure may be cheaper depending on the company. Cloud infrastructure comes with hosting costs but offers elasticity, scalability, and, depending on the vendor, security. Choose a vendor that provides out-of-the-box enterprise security, so you don't need to pay for additional service in securing your infrastructure.
Human costs
Introducing RPA into an organization is an extensive process of change. To be fully implemented and used, a workforce needs to be adequately acquainted with it. The costs related to training a workforce for RPA are not enormous, and the process is very beneficial, as it builds a culture of efficiency and a problem-solving mindset. A well-trained and well-informed staff tends to welcome the use of RPA and even help find ways to improve the process. On average, only around 3% of companies reported some form of employee resistance after an RPA implementation.
Robotic Process Automation offers many new cost-saving opportunities. On average, companies that implemented RPA have met with a doubled investment return, with top performers reaching up to a quadruple return.
Lukasz Chojnowski,
CEO at AnyRobot
A return of investment
Considering how beneficial an RPA implementation can be and the positive transformation it offers, the benefits of an RPA implementation surpass the initial investment costs within just one year. Additionally, the scalability of RPA is a constant promise of development.
To get a clear picture of both the costs and the potential benefits, get in touch with AnyRobot.