Software Robots Can Reduce Operating Costs by 90%
Kinetic Consulting Services has released its latest report on the business case for Robotic Process Automation (RPA)
NEW YORK, Feb. 9, 2016 /PRNewswire/ -- Kinetic Consulting Services, the leading management consulting company for business transformation, has released its latest findings on Robotic Process Automation (RPA). The 20 page report outlines the business case for the introduction of RPA into an organisation. Cost savings of approximately 90% can be achieved when a business process performed by a full-time equivalent human is replaced by a software robot.
RPA is the automation of back and front office processes that are largely rules based, structured and repetitive. The automation replaces or augments humans normally performing the task with "robotic" equivalents. These are software robots and not physical ones.
Process automation has recently achieved a level of maturity and is building momentum in the business world. This has been driven by the release of multiple sophisticated software solutions not previously available and also by the growing demand for organisations to optimise operating costs and to increase quality of services.
Unlike their human counterpart software robots make less mistakes, don't complain and work 24x7 if required. "Our research, explored the range of solutions available and real-world examples of how organisations were using them and also the benefits they were getting from the implementation. There are a number of commercial and strategic considerations that need to be made when considering an RPA implementation. Not every organisation will be ready to introduce a digital workforce just yet. However, our report clearly concludes that RPA has to be on the corporate agenda for 2016 and should be given serious consideration. RPA has been cited as an example of what economists are calling, the 'Fourth Industrial Revolution'. The need to take action is further reinforced because of the increasing economic pressures inflicted on organisations from digital disruption," added Joe Tawfik, CEO and author of the report.
The traditional model of outsourcing low-value processes to reduce operating costs is no longer the only option available. RPA offers organisations an alternative to outsourcing to a low-cost base country to gain a labour arbitrage advantage. There is also the advantage of keeping a process onshore, maintaining greater control, and at the same time saving more than if the process is sent to a low cost base country such as India or the Philippines.
The report provides examples of companies currently using RPA and the cost and service benefits they have been able to achieve. The report is available for free from the Kinetic Consulting Services website www.kineticcs.com .
About Kinetic Consulting Services:
Kinetic Consulting Services is a management consulting company providing services in a broad range of disciplines to commercial and government organisations. Our focus is to help our clients accelerate, optimise and transform their organisations better and faster. Robotic Process Automation is an area of our consulting expertise.
For more information, please contact:
U.A.E.: +971 4455 8410
Australia: 1300 780 556
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/software-robots-can-reduce-operating-costs-by-90-300217347.html
SOURCE Kinetic Consulting Services