Estimated read time: 4-5 minutes
With the production and supply chain issues of the last year still plaguing various industries worldwide, costs are carrying a greater burden on businesses than ever before and, as a result, margins are extremely tight, leaving little room for human error.
Unfortunately, human error amounts to a staggering amount of costs for businesses. Dr. Tony Kern and David McKay of Risk Management Magazine estimate that more than $37 billion are lost each year due to human error. While these lapses in proficiency are usually from simple mistakes, they can become very expensive and cut into revenue and the business's overall health and success.
Fortunately, there are modern, robotic hyper-automation solutions to these problems that AppsTango says will enable you to run your business with less human dependency, increase productivity, and will save you $100,000 or more on the backend. Some Utah-based businesses are saving at least half a million dollars every year by automating hiring, finance, and other processes through AppsTango.
If you haven't implemented hyper-automation solutions for your business, not only are you dealing with more human errors than you should, but you're leaving a significant amount of money on the table.
What is hyper-automation?
Essentially a fancy word for a simple service, AppsTango describes hyper-automation as "the use of advanced technologies to automate any tasks and processes that can be automated in an organization," which are probably more common than you might assume.
Automating various processes in your organization can save you a lot of time, money, and frustration in reducing human error.
Ways that hyper-automation can reduce human errors in your business
Each day, an employee spends approximately 30% of their time on repetitive tasks. Because of the mundane nature of such tasks, the repetition opens the gates to human errors being made.
As Anthony Macciola of Forbes writes, "...attention loss or fatigue can result in employees forgetting to complete tasks, sending documents to the wrong colleague or customer or typing mistakes that impact terms in a contract," among other errors.
The good news is that robotic process automation (RPA), artificial intelligence (AI), machine learning, and other process automation technologies increase productivity and margin. AppsTango's bots can do the same tasks that humans can but with greater speed and accuracy.
Some of these tasks include:
- Bots reading, understanding, classifying, and forwarding emails to the right owners.
- Automating hiring processes, including resumé parsing, shortlisting candidates, calling, and scheduling interviews.
- Processing vendor's invoices automatically, including reading, capturing data, and tallying with PO and GRN (Goods Receipt Note) and sending them for payment.
- Parsing any other documents and capturing data from unstructured documents.
- Automating all Excel work.
- Automating conversations with Natural Language Processing.
Automating any one of these processes will save your company and its employees time and money, and businesses are catching on. Just think of it: no more tedious number-crunching, sifting through piles of job applications, or sending out endless paperwork, emails, and forms, all the while saving money.
No wonder more businesses than ever are turning to RPA for their tedious tasks.
More businesses are turning to RPA for their rules-based processes
Forbes states that more businesses than ever are learning that leaving rules-based repetitive tasks to machines is significantly more cost-effective than having employees go through their tasks the old-fashioned way.
Growing at a rapid rate, Gartner expects the RPA market is set to reach nearly $2 billion in 2021 and continue to grow in double-digit figures through 2024.
So, how can you take advantage of RPA for your business?
Get Process Bot for your business for free
If getting an RPA service for your company sounds interesting, look no further than AppsTango.
AppsTango is offering free licensing for the first year of their RPA platform "Process Bot," as well as free consultation and quotations for those who fill out a quiz on their website.
If you're not skilled at coding there's no need to worry. Process Bot is designed for business users with no coding experience or those who do not have web developers on staff. Offering in-house analytics that provides insights for return on investment and other important data, Process Bot is your one-stop-shop for your Robot Process Automation solutions.
Hyperautomation through RPA is the best way to avoid costly employee errors and costs and AppsTango will help guide you every step of the way.
To learn more, visit AppsTango.com.