Cost to Benefit is of utmost importance in any RPA program for any organization to figure out benefits gained.
The 3 main levers that need to be considered are:
1. Increase in the Cash flow - Once an investment is done, the organizations will focus more on the immediate ROI. Factors that should be considered are:
1a. Reduce spending - Focus on reduction in spending, eg. Leverage existing team members to perform additional roles, RPA License utilization 1b. Create Additional Revenue streams - Build a strong process pipeline basis current bottlenecks in manual processing and how RPA can value-add 1c. Encourage Your Customers - Pass on some discount benefits, eg. provide free support, maintenance, monitoring for x months post stabilization phase 1d. Offer some prepayment awards - Pass on some License reselling margins to the customer
2. Cost to Benefit Ratio - Sometimes termed as 'Cost Takeout', perform
2a. Cost-Benefit Analysis - To derive the Cost/Benefit ratio 2b. Control Finances - Involve Finance team in proposal creation 2c. Job Evaluation - Evaluate your team
3. Revenue Growth - Target more customers, train the Sales team, manage growth on a QoQ basis.
Regional Manager/ Service Delivery Manager at a tech services company with 201-500 employees
Real User
ModeratorTop 5
Dec 15, 2021
Hi @Amar Yelane, Thanks for the article and for giving insights on the cost-benefit analysis of the RPA program, can you help us understand how can we do the Estimation of robots needed & what would be the Refinement of Benefits in such a scenario?
Build Automation is vital for streamlining software development processes and improving productivity. Key aspects to consider include:
Efficiency Enhancement
Error Reduction
Time Savings
Consistency Assurance
Scalability Support
The importance of Build Automation lies in its ability to enhance efficiency and reduce human error. Automated processes replace repetitive manual tasks with machine-dr...
Build Automation is vital for streamlining software development processes and improving productivity. Key aspects to consider include:
Efficiency Enhancement
Error Reduction
Time Savings
Consistency Assurance
Scalability Support
The importance of Build Automation lies in its ability to enhance efficiency and reduce human error. Automated processes replace repetitive manual tasks with machine-driven operations, minimizing the chances of mistakes while increasing speed and accuracy. This efficiency promotes a more seamless development workflow, allowing team members to focus on critical tasks that require their expertise rather than routine, time-consuming activities. Consistency across different environments is guaranteed, ensuring that software builds function as intended in any setting.Build Automation also plays a crucial role in time savings, a factor of significant importance for companies striving for faster time-to-market. Automated builds significantly shorten development cycles by enabling concurrent processes, which support larger, more scalable projects without dragging down productivity. By facilitating continuous integration and continuous deployment (CI/CD) practices, Build Automation allows for immediate feedback and faster iterations, supporting agile development methodologies. This is essential for maintaining competitiveness in rapidly evolving tech landscapes, ensuring that organizations can adapt quickly and efficiently to changes in market demands or project requirements.
Hi @Murat Gultekin, @reviewer1701468, @reviewer1295343, @Javier Orellana and @reviewer1465254,
Can you please chime in here and share your expertise?
Director of Community at PeerSpot (formerly IT Central Station)
Jul 25, 2022
Hi @Murat Gultekin, @reviewer1701468, @reviewer1295343, @Javier Orellana and @reviewer1465254,
Can you please chime in here and share your expertise?
Hi @Amar Yelane, Thanks for the article and for giving insights on the cost-benefit analysis of the RPA program, can you help us understand how can we do the Estimation of robots needed & what would be the Refinement of Benefits in such a scenario?