Three Intelligent Process Automation (IPA) Benefits Propelling the Enterprise
Updated: Apr 30, 2019
In terms of disruptive emerging technology, intelligent process automation (IPA) is certainly one to watch. Don’t just take our word for it though. The folks at McKinsey are heralding that “IPA is the engine at the core of the next-generation operating model!” and Statista, measured that more than half of business leaders today expect to implement automation in the next couple of years. The studies don’t lie. The IPA market is estimated to grow at a significant rate from $0.8 Billion in 2017 to over $8.3 Billion by end of 2023.
And why not? Consider that outdated manual processes impede scale, waste people resources and create inefficiencies and errors that derail performance and profitability. IPA enables businesses to perform much more diverse and complex activities without the need for mundane and unnecessary human intervention, while delivering some amazing benefits.
Here are our three favorites:
Speed & Efficiency
As error-prone business process operations shift from humans to machines or software automation, the operation will run far more smoothly and efficiently. Work is performed faster, consistently and with more accuracy, resulting in greater productivity and higher service levels.
With ThinkTank’s Intelligent Process Automation for Cloud ERP deployment, you can speed time-to-value and create standardized, repeatable templates that reduce the cost of the deployment life-cycle, while facilitating broad stakeholder inclusion that increases the rate of adoption and organizational acceptance.
Differentiation & Competitive Advantage
Staying on top of new and emerging trends keeps successful companies from falling behind and helps prepare for the future. It’s the key to success – especially in today’s global marketplace. The use of intelligent Process Automation can facilitate this transformation by streamlining processes and enabling your team to apply their skills, time and effort towards other business innovation and high value-added endeavors.
With ThinkTank’s Intelligent Process Automation for Cloud ERP deployment management, at least 50% of the activities you manage across the ERP selection and deployment life-cycle can be digitized for standard delivery. So, when customers and prospects see the level of control and ability to mitigate risk that comes with delivery automation, they won’t give your competition a second glance.
Productivity & Profitability
IPA is more than eliminating repeatable tasks with minimum human monitoring, but actual problem-solving on every level imaginable. IPA tools can store and use prior decisions, requirements and actions, learn over time and enable your engagement with stakeholders to become preemptive, smarter and more intelligent.
With ThinkTank’s Intelligent Process Automation for Cloud ERP deployment management, we accelerate and de-risk enterprise software deployments, reduce costs and drive new business as a differentiated system of engagement for cloud software success. Practically speaking, this means that you can guide your clients through requirements gathering, with the option of using sanitized benchmark data from hundreds of your prior implementations.