The banking industry along with the healthcare industry are two of the biggest voices of IPA’s cost-effective solutions.
To be fair, there are still a number of organizations out there that claim IPA only has some efficiency benefits. However, many surveys say otherwise. By incorporating an IPA solution into banking processes, an institution could save around 25-50% of its total costs.
An IPA solution is also incredibly adaptable. It can merge with existing IT infrastructure and learn how to mesh with new software when future changes come about. Changes to a business can be stressful for the executive board and for the employees, but having an IPA solution in place can make it a much easier change.
Additionally, an IPA solution can be implemented into existing infrastructure with minimal effort. If a bank is wary about the implementation, the IPA software bots can be tested in segments and analyzed for further review and consideration.
The key to any IPA solution is to make sure your business is ready for it. Whether your organization is a bank, hospital, hotel chain, or clothing brand, it’s important to know you have areas to automate before you try any form of implementation.
Review the kind of processes your business uses, and compare the time it takes to complete them manually with how long it takes for an IPA software bot to complete them. Once areas for automation have been identified, then you can start to look for further implementation.
If you or your business is interested in an IPA solution, or you’re wanting to learn more about IPA as a whole, contact a Digital Workforce Solutions representative today!