Why More Companies Are Adopting Automation

Posted by Gus Callan on Nov 20, 2019 9:00:00 AM

In ICS insights, IT, Accounting and Finance, client

To remain competitive in today's corporate world, which is best known for its fast-pace, constant changes, businesses must keep up with the continuous advancements, especially in the technological front. Many business leaders, however, may find it frightening to adopt emerging technologies out of fear of the unknown. They may not fully understand the value of newer technology, or they may even believe it's too complex for them to ever understand. As a result, many companies unknowingly shy away from technological innovation—something that can help set their business apart from the rest.

While it may sound intimidating, learning and making use of new technological advancements can be extremely beneficial for your company. Automation, or utilizing technology to perform a process with robots or minimal human assistance, has become widely used among business leaders everywhere for its efficiency and effectiveness.

Continue reading to learn more about robotic process automation or RPA adoption trends and why companies are partaking in it.

Use RPA to overcome challenges in your field.

In finance and accounting, robotic automation process has become widely used for its artificial intelligence and machine learning capabilities. Specifically, companies in these fields have adopted automation to create and develop processes and products that their customers can easily integrate into their existing systems. RPA is also becoming especially important in various fields for its ability to help teams overcome challenges while becoming more efficient on a day-to-day basis.

Smoothly integrate RPA into your company's existing systems.

Before adopting a new technology altogether, many companies may choose to test it out and dip their toes in the water before going all in. New technology like automation will take some time for people to get used to, but the good news is you can smoothly integrate it into your company's existing systems. But luckily, exploring and employing automation can change the way your business operates.

Doing so actually helps leaders increase collaboration across the business. For automation to be strong and effective, for instance, business leaders must partner closely with the IT department in rolling out automation projects in other departments. This will allow non-IT staff to gain a better understanding of automation and will also allow them to explain the new tool to new employees better. With strong support from your IT department, automation training will be a breeze for you and your team as you know very well how RPA is integrated into your existing systems and processes.

Automation adoption can help your company save time and money.

In business, time is quite literally money. By automating manual processes—such as journal entries and document processing—with RPA, you can save your company a significant amount of time and money.

For example, automation adoption can help employees complete assignments better and take on bigger roles. Delegating menial tasks to employees isn't exactly inspiring, especially since they may be hoping to accomplish more in their careers. Nonetheless, this work still needs to be completed, which is where automation can really come in handy. By using automation, employers can give their employees more impactful assignments while getting their busy work done more efficiently.

Follow RPA adoption trends to help you avoid errors and interact with customers.

Without the proper tools in place, any task is subject to human error. Making mistakes is part of being human, and the workplace is no exception. Fortunately, automation adoption can streamline processes and help you avoid mistakes. As a result, the possibility of errors in your work will be minimal or removed altogether.

In addition to completing tedious work (such as document processing with accuracy), robotic process automation can also help you interact with customers anytime by letting you send automated communications on proof of delivery and concession claims, for example. Such communication initiatives can keep your customers satisfied and engaged.

Use basic coding to implement RPA in your business. 

To fully take advantage of RPA's wide range of capabilities, your team will need to have some knowledge of coding. Basic coding skills will not only come in convenient when getting the process up and running, but also for professionals to run the business to its full potential. It is expected that in the future, coding will become an extremely valuable skill set, not only in tech but in all fields. Although RPA is a low-code process and only requires basic coding skills, this skill will become increasingly important as RPA capabilities grow, and the technology itself further develops. To prepare for RPA integration in your company, you may want to sharpen your team's coding skills as needed.  

Take advantage of robotic process automation at a low cost.

While it may yield many benefits for all businesses large and small, leaders are sometimes hesitant about implementing new processes and programs due to cost. Automation adoption, however, is generally low-cost and won't break your bank. While you will need to invest a little to get the tool running, doing so will allow you to reap the many rewards of automation, saving your company time and money.

Today, more and more companies are adopting the use of automation for its financial and operational benefits, such as increased efficiency and productivity. With the help of automation, your team will be able to complete tasks on time while placing more focus on other aspects of your business. RPA will also allow you to overcome the obstacles you encounter on a day-to-day basis easily.

On the lookout for someone who knows much about RPA? Let Infinity Consulting Solutions help guide your search for a perfect candidate who can use their exceptional automation skills to move your company forward. Click below to begin your search for talent with the right automation skills.

Find Talent in Accounting and Finance