Table of Contents
What is Robotic Process Automation (RPA) Software?
Robotic Process Automation (RPA) Software is used to help businesses automate repetitive tasks and optimize other processes to improve employee and overall organizational productivity.
This type of software employs “bots” or digital workers to complete simple, routine tasks that are otherwise completed by humans.
RPA Software USes
RPA bots can be programmed to do a wide variety of tasks, including:
– Form submission
– Email responses
RPA Software Benefits
The benefits of using RPA Software include:
– Increased efficiency and productivity
– Improved accuracy and consistency
– Reduced costs
– Increased customer satisfaction
What to Consider When Choosing RPA Software
When choosing an RPA Software solution, it is important to consider the following factors:
– Ease of use and implementation
– Scalability
– Robustness and security
– Integration with existing systems
RPA Software Statistics
53% of enterprises have already invested in RPA technologies. This figure is estimated to grow to 72% within the next two years.
And Gartner estimates that 80% of finance executives have made plans to implement RPA within their organization.
This figure is complemented by Deloitte’s estimation that 78% of companies that have already implemented RPA plan to significantly increase investment in this area over the next three years.
The global Robotic Process Automation (RPA) software market is expected to reach $15 billion by 2030 from just $1.9 billion from where it was in 2019.
Best Robotic Process Automation (RPA) Software
#1 WonderBotz
WonderBotz is part of the Robotic Process Automation (RPA) technology trend.
WonderBotz is a B2B startup that uses AI to automate tasks.
For instance, their accounting solution automates tasks that a human would normally execute, like record-to-report and order-to-cash.
According to Pitchbook, WonderBotz makes an estimated $19.1M in revenue per year.
#2 UI Path
UI Path is a Robotic Process Automation (RPA) software company that enables the full potential of digital workers to be realized.
The software allows users to automate any task they can do on a computer by creating an easy-to-use, no-code drag-and-drop interface.
This makes it simple for even non-technical users to create bots that automate repetitive and time-consuming tasks.
#3 Blue Prism
Blue Prism is a Robotic Process Automation (RPA) software company that provides enterprise organizations with a platform to create and deploy digital workers, or “bots.”
The software is designed to be easily integrated into existing systems and workflows.
This makes it ideal for organizations that want to automate repetitive tasks but don’t have the resources or expertise to do so.
#4 Automation Anywhere
Automation Anywhere is a Robotic Process Automation (RPA) software company that provides businesses with a platform to automate repetitive and time-consuming tasks.
The software is designed to be easily integrated into existing systems and workflows.
This makes it ideal for organizations that want to automate repetitive tasks but don’t have the resources or expertise to do so.
#5 AntWorks
Antworks is a Robotic Process Automation (RPA) software company that uses AI to automate tasks.
For instance, their accounting solution automates tasks that a human would normally execute, like record-to-report and order-to-cash.
The software is designed to be easily integrated into existing systems and workflows.
This makes it ideal for organizations that want to automate repetitive tasks but don’t have the resources or expertise to do so.
Reasons Why Robotic Process Automation (RPA) Software Is Taking Over
As businesses strive to become more efficient and productive, they are turning to Robotic Process Automation (RPA) software to help them automate repetitive tasks and optimize other processes.
There are many reasons why RPA software is becoming increasingly popular, including the following:
– Robotic Process Automation (RPA) software is designed to be easily integrated into existing systems and workflows. This makes it ideal for businesses that want to automate repetitive tasks but don’t have the resources or expertise to do so.
– RPA software can help businesses achieve significant cost savings. For instance, a study by Forrester found that implementing RPA can result in cost savings of 30-50%.
– RPA software can improve productivity and efficiency. For instance, a study by McKinsey found that RPA can lead to productivity gains of 30-200%.
– RPA software can help businesses to improve customer satisfaction and loyalty. For instance, a study by Deloitte found that RPA can lead to customer satisfaction gains of 5-15%.
– RPA software can help businesses to improve employee satisfaction and retention. For instance, a study by PwC found that RPA can lead to employee satisfaction gains of 5-20%.
Summary – Robotic Process Automation (RPA) Software
Robotic Process Automation Software, often called “RPA” or simply “Bots”, are computer programs designed to automate high-volume, repeatable tasks normally performed by humans.
These tasks can be simple, like data entry, or more complex processes that require decision making and interaction with multiple systems.
RPA bots are usually deployed as part of a larger software system and require no human intervention or input once they are started.
While there are many different types of RPA software on the market, they all share some common features and benefits, which include increased efficiency and productivity, improved accuracy and consistency, reduced costs, and increased customer satisfaction.
When choosing an RPA software solution, it is important to consider the following factors: ease of use and implementation, scalability, robustness and security, and integration with existing systems.