Process Cost Calculator
The value of using low-cost virtual robots to automate mundane processes is easy to calculate with new ONQU online tool
• ONQU’s Process Cost Calculator evaluates true personnel costs of repetitive processes
• Results show the value of implementing and supporting automation using robot software
• Rapid transformation in productivity, greater efficiencies, error control, compliance adherence and cost savings
Organisations can identify a target process and then work out the baseline costs of undertaking the process manually. it is surprising how much time, effort and cost is wasted on work streams that are better serviced by automation.
Process cost calculator
The calculator is designed to help an organisation evaluate the true cost, particularly the personnel cost, of running a repeating internal process, as a precursor to assessing the value of automating that process.
The output of the calculator, as well as providing valuable insights itself, can be fed into ONQU’s Return On Investment (ROI) Calculator to estimate the savings available through automating the process using Robotic Process Automation (RPA) software. This considers the cost of implementing and supporting the process in it’s manual format. The result can be a remarkable increase in productivity as well as a reduction in overall running costs plus a significant decrease in human errors and compliance issues.
Robotic Process Automation (RPA) is different from the more established Business Process Automation (BPA). BPA optimises and often changes the way processes work, with solutions that might mix various approaches, processes and technologies. RPA, in contrast, is a single piece of software used for a specific process that is repetitive, low value and often data intensive. RPA doesn’t set out to change the process but maps exactly the actions of the human user and then, in effect, the robot processor becomes a virtual user, performing the same tasks but much faster and more accurately, 24 hours a day, with a range of metrics that can be measured and analysed for process improvements. A BPA solution could include one or several RPAs.
An example process might be one that is quite laborious, with several steps such as logging onto several different applications, pulling data from disparate data sources into one or more places and checking the integrity and compliance of data updates. It could be, say, the compliant copying of high volumes of customer contact data from system to system.