Automation has become a defining force in our modern age, as 70% of organizations are already venturing into the realm of automation technologies. However, there are important factors to consider when deciding if automation is right for your business.
The convergence of cutting-edge technologies like artificial intelligence (AI), machine learning (ML) and robotics has given birth to a new era of efficiency and productivity. The uptake of automation has become a driving force across sectors, reshaping business landscapes and propelling organizations towards the future.
70% of organizations say they are at least piloting automation technologies in one or more of their business units.
However, before rushing into adoption, it's important to evaluate whether intelligent automation is a good fit for your business.
Here are 5 factors to consider:
1. Complexity of Business Processes:
The first factor to assess is the complexity of your business processes. Intelligent automation excels in automating repetitive, rule-based tasks. If your organization relies heavily on manual processes that are time-consuming and error-prone, automation can provide significant benefits.
Kofax TotalAgility and Kofax RPA leverage AI and ML to automate workflows and streamline operations, including document capture and data extraction, making them ideal for organizations with complex processes.
2. Scalability and Growth Potential:
Consider your business's scalability and growth potential. Are you anticipating expansion in the future? Intelligent automation can help manage increased workloads and enable seamless scalability.
Our Cloud solutions, including Kofax TotalAgility Cloud and Kofax Cloud RPA, are scalable solutions that can adapt to changing business needs. Whether you need to automate a single department or enterprise-wide processes, Kofax offers robust automation tools that can grow with your business.
3. Cost and Return on Investment (ROI):
Intelligent automation solutions can involve upfront costs, including software licenses, implementation and training. It's essential to evaluate the potential return on investment to ensure it aligns with your business goals.
We understand that businesses are often trying to make big things happen on a shoestring. Our products are designed to be cost-effective for businesses of all sizes and deliver tangible ROI. By automating manual tasks, organizations can reduce errors, improve compliance and accelerate processes, ultimately leading to cost savings and increased efficiency.
Société Générale reduced customer onboarding time from weeks to minutes, saving 1,600 person-days per year and gaining more than 4x faster security patching for a core system.
4. Integration with Existing Systems:
It’s important to assess the compatibility of intelligent automation with your existing systems and infrastructure. Seamless integration is crucial to avoid disruptions and maximize the benefits of automation.
Our automation solutions are designed to integrate with a wide range of systems, including enterprise resource planning (ERP) systems, customer relationship management (CRM) platforms and content management systems (CMS). This ensures a smooth transition to an automated environment without major disruptions to your business operations.
5. Change Management and Workforce Impact:
Intelligent automation brings about a significant shift in the way work is done. Consider the impact on your workforce and invest in change management strategies to ensure a smooth transition.
Kofax offers products like Kofax Analytics and Kofax Insight that provide real-time analytics and actionable insights, empowering businesses to make informed decisions during the automation journey. By involving employees in the automation process and highlighting the benefits it brings, organizations can minimize resistance and foster a culture of innovation.
Harnessing intelligent automation, University Hospitals was able to increase productivity and alleviate the manual work being done by nurses – so they could focus on clinical issues.
Unleashing the Power of Intelligent Automation
Intelligent automation has the potential to transform business processes and drive organizational efficiency. However, before adopting automation, it's essential to consider factors such as process complexity, scalability, cost, integration and change management.
By carefully evaluating these factors and leveraging the right tools, businesses can harness the power of intelligent automation and unlock new levels of productivity and innovation.
As a leading provider of intelligent automation solutions, Kofax offers a range of products that address these factors and provide tailored automation solutions for businesses of all sizes.
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