Intelligent Process Automation
Top tools for optimizing your business processes with Intelligent Process Automation
Top tools for optimizing your business processes with Intelligent Process Automation
In today’s fast-paced business world, efficiency is paramount. Companies are constantly looking for ways to optimize their processes and increase productivity. One powerful solution that is causing a stir is Intelligent Process Automation (IPA). In this article, we’ll take a closer look at some of the best tools that can help you realize the full potential of IPA.
Why Intelligent Process Automation (IPA)?
Before we dive into the tools, let’s quickly understand why IPA is changing the game. IPA combines artificial intelligence (AI) and automation to handle repetitive tasks, make data-driven decisions and optimize processes. It can save your company time and money and minimize errors.
Difference between Robotic and Intelligent Process Automation - RPA vs. IPA
It is important to understand the technologies and their process type in order to choose your automation tool accordingly. In Figure 1. you can find a comparison between RPA and IPA.
Figure 1 Comparison between RPA and IPA (Lunatec 2023)
The best tools for automating your business processes
At Lunatec, we understand the importance of automation in today’s competitive landscape. Our mission is to empower organizations across all industries to leverage the benefits of IPA. With a wide range of solutions and expertise, we are here to guide you on your automation journey.
Here you will find the best tools that can help you optimize your business processes:
1. UiPath
UiPath is the leading provider in the field of IPA. With its user-friendly interface, you can automate routine tasks without any programming knowledge. This impressive technology is easily accessible thanks to its user-friendly interface and opens up completely new possibilities to increase your efficiency.
With a continuous release cycle, UiPath is committed to its AI development and will offer more Natural Language Processing and Machine Learning services in the cloud and on-premise in the upcoming releases.
The results speak for themselves – employees of a recruitment company have reported a reduction in processing time of up to 85%.
2. Microsoft
Microsoft Power Automate provides a selection of predefined AI models and tools that allow you to develop customized AI solutions to automate different operational processes. The development and management of these AI models is made easier for all users with step-by-step instructions and a user-friendly interface.
By using the Microsoft AI Builder, you can create, train and deploy AI models without writing a single line of code. Instead, you use pre-built templates and components that integrate seamlessly into your workflows. This allowed employees of a leading ICT distributor to spend more time with their customers.
3. Automation Anywhere
Automation Anywhere is another heavyweight in the IPA sector. It offers a comprehensive platform that can automate tasks in various departments, from finance to human resources. As of 2019, the company had expanded its services to include text analysis, including handwriting recognition. Companies using Automation Anywhere have achieved a five-fold increase in data processing.
Benefits of IPA
First and foremost, IPA can increase the efficiency of the human workforce. By automating repetitive tasks, employees have the opportunity to focus more on activities that require a higher level of creativity and problem-solving skills.
Intelligent automation offers the opportunity to reduce a company’s operating costs, whether by reducing the need for paid labor or by allocating resources more efficiently, leading to a reduction in unnecessary expenses. According to a report by Deloitte and Blue Prism, IPA has been shown to reduce business process costs by 25 to 40 percent on average.
Automation is able to complete tasks faster and more efficiently than a human ever could. It can analyze large amounts of data, derive trends from these analyses and gain usable insights within a very short time. It is also flexibly scalable so that it can be easily adapted to changing requirements without the need for large investments in resources.
When tasks are completed efficiently, quickly and accurately, it ultimately pleases everyone involved. Customers experience a more positive interaction as they either have access to a higher quality product or receive quick answers to their questions. At the same time, employees have more time to focus on the more engaging aspects of their work, rather than tedious tasks that no one likes to do.
Although the word “automation” is often associated with the fear that computers will replace human jobs, job losses are not necessarily the result of intelligent automation. Instead, it is about increasing effectiveness by introducing “helping bots” with whom they can cooperate and collaborate.
Conclusion
IPA is no longer a luxury option; it’s a necessity for companies that want to succeed in the digital era. The top tools mentioned here can be your ticket to increased efficiency, lower costs and increased employee satisfaction.
Ready to start your automation journey? Contact us and let’s transform your business processes together with Intelligent Process Automation.
