Robotic Process Automation (RPA) is one of the fastest-growing software segments globally, and you can hardly call a digital transformation without hearing about RPA. Because the typical ROI of an RPA robot is between 3 to 6 months, it makes it interesting for many companies to invest in this Digital Workforce.
The significant advantage of RPA is that this technology saves a lot of time that nowadays is spent on repetitive, boring, and often manual administrative tasks. This time saving translates into a significant cost reduction. Simultaneously, the process quality, speed, efficiency, and morale of the employee increases. They can now spend more time on activities with higher business value.
RPA is seen as a core component of Hyperautomation. Hyperautomation is one of the most significant technology trends for 2021 and focuses on combining techniques such as Artificial Intelligence (AI), Machine Learning (ML), and Robotic Process Automation (RPA) to create as many and as quickly as possible complex and already partly automated business processes. In other words, hyper-automation is an extension of automation; it adds a layer of advanced technologies to automation, making it possible to get the most out of the technology.
Gartner predicts that Hyper-automation is THE trend to reduce businesses’ operating costs by 30% by 2024.
From RPA to Hyperautomation
Companies that have already invested in RPA technologies (such as solutions from UiPath, Automation Anywhere, Kofax or Blue Prism) and have achieved the first series of successes are now scaling up their operations. This is done over the axes People (team and talent development), Process (portfolio, operating model, methodology), and technology (architecture, security, integration).
But how can you, as an organization, take the next step towards Hyperautomation, and how do you lay the foundation for an efficient implementation of intelligent automation? With the Kofax TotalAgility (KTA) platform, Dynatos builds a concrete bridge to Hyperautomation and makes existing RPA solutions even more profitable.
Kofax TotalAgility for every RPA tool
KTA is a so-called Intelligent Automation Platform with a standard mix of different automation technologies and Artificial Intelligence (AI) to make information-driven business processes more efficient, faster, and more accurate.
With KTA’s out-of-the-box connectors, RPA tools from UiPath, Automation Anywhere, and Blue Prism can now directly use KTA’s Cognitive Capture and Process Orchestration.
Successful reading and interpretation of semi- to unstructured documents are processes that you do not want to be carried out by a robot but by a “Point Solution” that has been developed to read and interpret documents successfully. Through cognitive document automation, which combines multi-channel document capture (including mobile) and intelligent OCR, users can process any document quickly and accurately.
KTA orchestrates the digital workforce and thereby directs end-to-end automation. It extends task-based RPA automation to the mobile platform, AI-driven cognitive capture, e-signature, etc. When needed, it adds human-in-the-loop assessment to RPA’s digital workflow. Also, you can manage, plan and monitor your entire digital workforce via one platform.
Kofax Analytics for KTA provides the insight and control in data needed to analyze the effectiveness of business processes. It enables organizations to easily and quickly generate new reports based on a library of best practices.
With the ability to drill down into the details of work in progress and completed work, you have a clear picture of what it takes to improve internal productivity, reduce costs, and most importantly, improve the way your organization interacts with its customers.
Main advantages of RPA in combination with the Kofax TotalAgility platform:
- Improved overall experience; a more seamless, end-to-end automation experience;
- Big scale; ability to scale digital programs more easily and deploy them organization-wide;
- More applicabilities; pick up cases where RPA only fell short;
- Convenience and speed; implementations are faster due to the use of out-of-the-box connectors; less risk and overhead;
- No-code: TotalAgility is a no-code environment that enables customers to implement process innovations themselves faster and more often.