To ensure employees don’t repeat tasks unnecessarily or abandon tasks before completion, overlook details, or don’t skip steps in workflows, businesses establish standardized processes. These business processes ensure compliance and conformity in how a company operates. Therefore, business processes need to stay consistent over repetitive executions. This is where business process automation (BPA) comes into play.
BPA focuses on automating day-to-day IT processes and business functions to maximize efficiency, reduce costs, and ensure smooth operations. As per a report by Markets and Markets, the global business process automation market size is expected to reach USD 19.6 billion by 2026 from USD 9.8 billion in 2020, growing at a CAGR of 12.2%.
BPA vs RPA – What’s the difference?
Business process automation is often confused with robotic process automation, but both are distinct in their own ways. However, they do complement each other and can help you implement company-wide digital transformation seamlessly.
With robotic process automation, software users create software robots or bots that can learn, mimic, and then execute rules-based business processes. RPA automation enables users to create bots by observing human digital actions. Each bot is designed for a single specific task.
For example, a bot could be created to log into a system, copy data, and then paste that data into a spreadsheet.
BPA, on the other hand, is a holistic approach to optimize and automate business processes from start to finish. BPA is an end-to-end solution for automating entire business processes and RPA is a complement to a solid BPA approach. Additionally, BPA offers a range of capabilities not found in RPA. These include features that enhance collaboration and provide data and insights into process performance.
Now that we have looked into the key differences between RPA and BPA, let’s further understand how BPA is benefiting businesses and why it is an ideal approach when looking to automate manual processes.
Benefits of business process automation
In this section, we will be discussing the key advantages of automation in business and how it can improve the overall efficiency of your organization.
Reduced costs
Enhanced customer experience
Improved operational efficiency
Visibility and transparency
Improved employee morale
Key applications of business process automation
Business process automation use cases can cover a wide range of operational areas, from hiring to budget approvals and sales and marketing. Let’s take a look at a few of these more closely.
According to a survey, 75% of organizations believe that BPM and technologies have helped their organization accomplish their goals. Additionally, 73% report that their organization’s level of interest in BPM has grown modestly or rapidly in the last few years.
These stats demonstrate how organizations around the world are shifting to automation to improve their productivity and improve their business processes.
Automating the business process can help a business go from linear to faster growth. From inventory management to staff onboarding and digitalizing core processes, you’ll find that streamlined automated systems cut out manual processing in favor of slick, error-free operations.
If you are looking to cut back costs of clunky manual processes and streamline your business processes, you can contact a reputed AI software development company like Appinventiv. Appinventiv is fully adept at handling all complex technologies required to automate your business processes efficiently.
