How RPA Is Enhancing the Efficiency of Business Operations
If a business wishes to thrive, it must have robust operations. Though the concrete tasks that fall under this broad category differ based on the industry, business operations are the processes that a business engages in to harvest value from assets and make a profit. Managing operations effectively and efficiently is key to scaling a business, but it can often be an overwhelming responsibility as the business grows, requiring a lot of time, effort, and manual labor. In today's fast-paced business world, businesses that can perfect their operations gain the upper hand and outcompete those that do not.
As a result, an increasing number of businesses are opting for RPA (Robotic Process Automation), software that can emulate human operations on PC, to enhance their operations. Here at Laiye, we offer Laiye UiBot, an RPA product that can help streamline operations and grow your business.
What makes operations so difficult?
No matter what industry-be it retail or manufacturing, service or digital-business operations across the board share similar pain points, such as:
1. Difficulty in measuring performance. Measuring a company's performance is key in determining what is effective and what isn't, and how the company can move forward. However, generating these reports monthly requires collecting and analyzing large volumes of data, which is a burdensome, inaccurate, and inefficient task;
2. Understanding current trends. Keeping up with our rapidly changing world is an overwhelming but necessary task if businesses wish to stay relevant and adapt to new demands. However, keeping track of day-to-day trends is difficult and often results in an uncomprehensive understanding.
3. Maintaining communication and transparency between departments and third parties. As businesses grow, communication becomes difficult as it becomes harder to notify the right people about the right things. Ineffective communication, however, often leads to a lack of coordination, which can seriously affect how the business operates.
4. Budgeting and tracking finances. Businesses want to be on top of their finances to ensure scalability, but doing so means having an accounting team that often has to spend too much time on manual labor such as data input and analysis. Moreover, human error can have drastic consequences.
5. Allocating too many people to unfulfilling tasks. Since operations require a lot of manual labor, many talented individuals are forced to perform repetitive tasks every day, decreasing their morale. This also incurs labor costs.
6. Inaccuracies, inefficiencies, and costs. Since humans are fallible beings affected by various external circumstances, human error is present whenever operations are handled manually. Moreover, humans can only work effectively for a limited time each day. Because of these limitations, there are high labor costs.
How can Laiye help?
Laiye UiBot is an RPA product that can greatly improve efficiency, worker satisfaction, and accuracy while lowering labor and logistical costs by helping automate operations' repetitive work. Unaffected by fatigue, stress, or emotions, Laiye UiBot robots can work 24/7, all year round. Efficient and with over 98% accuracy, Laiye UiBot can reduce tasks that traditionally take four hours to only tasks that only take ten minutes. Implementing RPA means reducing inefficiencies, inaccuracies, and costs.
Designed to effectively handle both structured and unstructured information, Laiye UiBot, with its Document Understanding capabilities, is extremely capable of processing data. Supporting many different computer applications such as email, browser, Word, Excel, and PDF reader, RPA bots can download documents, extract data, organize and compile files, and save them in the proper folder. The bots can also automatically generate reports. This process takes virtually no time and guarantees accuracy, greatly reducing the amount of time and effort needed to measure the business's performance or help in budgeting and managing finances. Even if documents are paper-based, Laiye UiBot supports OCR (Optical Character Recognition) and can scan them and proceed accordingly.
In terms of keeping the business informed about current trends, Laiye UiBot supports screen scraping and can filter out useful news and keywords from online and deliver them to the business. This process is automatic and highly efficient, and nothing important slips past unnoticed.
Laiye UiBot can also considerably boost communication because it can generate and automate emails. More cost-effective than traditional email automation services, Laiye UiBot can send automated reports to the correct departments or third parties to make sure everyone is informed.
As business operations become more streamlined with the help of Laiye UiBot, employees can be freed from performing mundane, unfulfilling tasks and pursue more meaningful work and exhibit their true strengths and talents. Doing so increases employee satisfaction as they are more driven to do work that they feel is a valuable contribution.
Begin your Laiye UiBot journey today!
Everest Group reports that RPA is likely to lead to a cost reduction of close to 65%. That cost reduction makes all the difference when it comes to effective operations and growing a business. With help from our professional team, you can learn how to create your own Laiye UiBot robots in just one or two hours today.
About Laiye
Laiye, founded in 2015 by Ivy League Ph.D. graduates, is committed to being a leading Smart Robot platform with global influence in the era of human-robot collaboration.
Our portfolio of high-quality, secure products and services covers RPA+AI Solution,
including Laiye UiBot (An RPA product), Wulai (An enterprise chatbot platform), and Xiaolai (A companion robot). Join us on LinkedIn, follow us on Facebook, or visit us at laiye.com/en.
