Robotic Process Automation (RPA)
At its core, RPA solves problems associated with data-centric manual tasks and remains ideal as a tool that interacts with websites, business and desktop applications, databases and people to execute repetitive work. Simply put, RPA is the “hand work” of processing electronic data. It empowers human employees to shift from being data gatherers to data users; they can focus on more cognitive and strategic business initiatives that better serve customers—and increase their job satisfaction.
According to a recent AIIM Emerging Technologies report, the buzz around robotic process automation (RPA) shows no signs of slowing. With the many benefits a digital workforce can provide to almost any organization – improved compliance, faster turnaround times for customers, better data quality and ROI within a year on average – it’s not difficult to see why.
The Robotic Process Automation (RPA) hype is drawing a lot of attention. One of the first questions I’m asked by those investigating RPA is, “what can I do to improve my chances of success?” While success looks different for each customer, thematically, customers seek improved productivity, strengthened compliance, increased workforce morale, enhanced data quality and reduced transaction costs.
For the past several years our RPA product has been known as Kapow. Though a fun name to say, it doesn’t harken to the what this product can provide to the customer. Additionally, Kofax is making the industry aware that we are an automation company. A strong brand campaign that kicked off this week is driving awareness that Kofax and its technologies Robotic Process Automation (RPA), Cognitive Capture, Process Orchestration, Advanced Analytics, Mobility and Engagement) empowers organizations to embrace automation to work like tomorrow.
Did you know 50-90% of financial processes can be automated by capture and workflow automation software? If you are still searching, transferring, copying, pasting, sorting and filing information, chances are you are mired in paper and manual processes.
As the market for RPA solutions continues to grow and evolve at a hyperbolic rate, several themes emerge. We’ve included 5 simple ones here, of relevance to all customers whether initially embarking upon the enterprise automation journey, or scaling an existing RPA solution.