Every industry has its own challenges, but the need for more efficient processes is universal. Automation has emerged as the leading means of achieving this efficiency, and it’s easy to see why. Think of efficiency as a ratio between productivity and resource costs. Those resources include staff time, financial investment, materials, or any combination of these factors. Automating a process—using machines to perform and/or manage tasks throughout the workflow—can boost productivity while reducing resource costs. It operates on both sides of the ratio at once.
History has proven the value of automation. Here’s a brief timeline that shows how:
The promise of digital automation explains why, as of 2020, 66% of businesses across verticals have taken steps to automate workflows. In fact, every industry can benefit from automating core processes, and it’s easier to begin than you might think. Here’s how to automate your business, regardless of your industry.
It is a low-cost, low-risk way to introduce digital automation.
Whether your company is in finance, manufacturing, or even life sciences, you get work done through processes. Processes are made up of tasks, which you organize into workflows. A new wave of digital technologies makes it possible to automate these tasks—and that workflow management—to achieve full, end-to-end process automation for anything involving software (which, today, is virtually everything).
Before we describe how to automate your business processes, however, let’s review the technologies that make this comprehensive digital transformation possible. Here are some of the most important:
You don’t have to completely change your organization overnight. Intelligent automation may be the goal, but to get there, it often pays to start small.
Before you can take the first step toward digital transformation, you probably have to convince your colleagues of automation’s value. The best way to do that is to make a clear, data-backed business case for automation. Follow these steps to get started.
Automation provides value for an extremely wide range of business processes, but to achieve stakeholder buy-in, your first project should show a strong Return on Investment (RoI). To make the best choice, evaluate processes according to two characteristics: value and complexity.
Measure value by considering the process’ average time to completion, staff-hour demands, and human error rates. Measure complexity by figuring out the variability, size, and scope of the process, as well as the number of connected systems involved. Then, pick the process that has the best combination of high value and low complexity. In other words, locate your processes along the Nividous Complexity Vs. Value Matrix (pictured below). Choose one from the top right quadrant.
When you’re starting an automation, business goals should remain central to your plan. Hard numbers can help you determine whether the cost of automation is likely to provide a strong return. Follow these steps to calculate an RoI for an RPA automation project. Better yet, use the free Nividous RoI Calculator for quick, accurate results.
Earlier digital automation projects were long and costly. Companies had to hire developers to create custom-coded software integrations. These projects could take months or even years, with a corresponding price tag. Once they were complete, these automations were frozen in place; new software required new coding.
With RPA, digital automation becomes much more flexible, with a far faster roll-out. A single RPA bot makes a tremendous first automation; once you choose a process to automate, contact Nividous to enroll in the Quick Start Program. We guarantee deployment of a trained, customized RPA bot within just three to four weeks. And if you haven’t yet settled on the right process to automate, don’t worry: Quick Start with Nividous begins by selecting strong RPA candidates in a collaborative workshop.
The Nividous platform integrates data collection and reporting, so you can demonstrate the value of your first automation in hard numbers. This detailed reporting also helps you identify future automations—and this project is ongoing. The Nividous team will help you set up a Center of Excellence within your organization, which can help you establish best practices and continue to reap the rewards of increasing automation for sustained, future-proof growth. Once you see the value of automation on a small scale, it’s time to expand on your success.
You may start by automating a single task, but you’ll get the most value from end-to-end process automation. The Nividous platform provides everything you need to achieve this goal within a single-pane-of-glass interface. Native RPA, AI, and BPMS capabilities automate complex business processes—and our team of experts helps to optimize those processes before we begin to scale the automation. Intelligent automation through Nividous has led to powerful benefits for companies across verticals. Here are just a few examples.