Deep Analysis shares economic study on Hyland's RPA software suite
Organizations can realize a 227% return on investment by implementing Hyland’s RPA platform, according to advisory firm Deep Analysis’ findings.
Learn how combining both RPA and BPM technologies puts your plans for digital transformation into effect.
Robotic process automation (RPA) and business process management (BPM) have emerged as two of today's most important technologies for increasing operational efficiency.
The global BPM market is growing at a compound annual growth rate (CAGR) of 19.9%, on track to increase in value to $61 billion by 2030, according to projections by research firm Research and Markets. RPA represents the fastest-growing segment of this dynamic market because of the efficiency, speed and savings it delivers to organizations.
Both RPA and BPM technology take different approaches to automation — but combining them together gives organizations competitive advantages over productivity and profitability.
BPM optimizes business processes from end-to-end by streamlining step-by-step procedures. RPA optimizes specific repetitive tasks using software bot automation.
These distinctions give BPM and RPA different functions, focuses, roles and applications, reflecting the differing historical contexts that generated these complementary approaches.
Here is a breakdown of how RPA and BPM differ from each other:
RPA | BPM | |
Definition | RPA optimizes specific procedures by automating repetitive tasks via software bots. | BPM takes a comprehensive approach to optimizing business proocesses by modelling, analyzing and improving step-by-step procedures from end to end. |
Function | RPA replicates repetitive human actions such as data copying and system interfacing. | BPM improves performance by analyzing and refining processes. |
Focus | RPA zeroes in on specific rules-based tasks to increase efficiency. | BPM uses a big-picture perspective to align processes with strategic goals. |
Role | RPA provides operations with fast, accurate virtual workers. | BPM integrates operations with other business functions such as strategic planning, IT and innovation. |
Application | RPA supports use cases such as data extraction, IT integration and invoice processing. | BPM serves applications such as continuous process improvement, bottleneck identification, strategic alignment and collaboration. |
Historical context | RPA has emerged more recently alongside innovations such as artificial intelligence (AI) and machine learning, forming a powerful new tool to support BPM strategies. | BPM is older than RPA, rooted in decades of management philosophy and incorporating methodologies such as Six Sigma. |
BPM's comprehensive, end-to-end approach offers many unique benefits to businesses. These stand distinct from the benefits of RPA, but can complement the strengths of RPA.
Understanding the benefits of BPM provides a context for appreciating why these technologies form such a potent combination.
BPM gives you a top-down, macro perspective on your entire business. This helps your organization’s leadership see where diverse processes interconnect and how invisible bottlenecks can impede a specific workflow. Having this insight helps you identify where you can make improvements to increase efficiency.
BPM's broad perspective provides a comprehensive framework for incorporating a full range of tools to achieve more efficient operations. You can see exactly what processes need to be streamlined to deploy clearer, comprehensive workflow automation. Within this context, RPA can serve as a tool for automating specific processes.
BPM nurtures a company culture of continuous improvement, rooted in methodologies such as PDCA (or plan-do-check-act), Kaizen and Six Sigma. By leveraging quantification, statistical analysis, empirical testing and iterative feedback, BPM empowers you to continually refine your processes.
With the big picture in mind, BPM keeps your organization’s processes aligned with your business goals. Strategic focus ensures that each procedure contributes to an overall workflow that achieves your objectives. This bridges the gap between strategy and execution for greater productivity and profitability.
BPM's comprehensive perspective promotes interdepartmental collaboration across your organization. Clearly mapping your processes helps department leaders comprehend their roles, dependencies and functions within your larger company structure. Understanding how each department fits within your organizational puzzle helps your teams work together toward common solutions that achieve company-wide benefits.
By providing a big-picture vantage point, BPM helps you spot and intercept risks. When you can see the steps in your processes, you can identify and analyze where workflows will likely break down. This makes it easier to correct systemic bottlenecks and pre-empt problems before they escalate, improving efficiency and promoting compliance.
BPM provides the perspective you need to adapt your processes to keep up with today's ever-evolving business landscape. You can pivot quickly to respond to changes in customer demand, market trends, internal shifts or technological innovations. This gives you the flexibility and agility to scale your operations in accordance with your needs.
Organizations can realize a 227% return on investment by implementing Hyland’s RPA platform, according to advisory firm Deep Analysis’ findings.
RPA provides a different set of benefits than BPM by promoting task-specific automated efficiency. This delivers more granular gains that complement the global advantages provided by BPM. While BPM improves the contours of your big picture, RPA fills in the details you need to realize bottom-line benefits.
RPA paves the way for an accurate and consistent output, eliminating errors caused by manual intervention. RPA enables organizations to automate routine, rule-based tasks, thereby reducing the workload for human employees and significantly speeding up the process. The bots can work 24/7, further increasing the speed and ensuring uninterrupted service.
Here are examples of what RPA can automate:
Time is money, and RPA automation can yield significant cost savings. Automation stands to save organizations 60–80% of the average time and associated costs to execute transactional processes, according to Deloitte. By working faster and without manual errors, RPA bots avoid wasted labor and time to generate higher productivity per dollar spent.
RPA software lets you scale your usage up or down based on actual demand. If you're seeing an increase in volume, you can dial up RPA output without substantially increasing your overhead. Likewise, you can cut back as needed when you require less usage.
By automating repetitive tasks, RPA bots empower you to make better use of human workers' time. When employees don't have to spend time on tedious routines, they can shift focus to high-impact strategic tasks. RPA is the kind of technology that makes the best use of employee time, adding value and fostering innovation while improving job satisfaction and workplace morale.
RPA lends itself to integration with older legacy systems that might not have modern APIs. This can be facilitated by RPA tools that use a low-code approach that combines a visual user interface with the ability to modify code manually. RPA can bridge the gap between old and new tech infrastructures without forcing you to make a time-consuming, costly legacy overhaul.
RPA bots interact with the user interface of a software application in the same way a human would. They perform tasks such as data entry, copying and pasting data, or moving files and folders, ensuring maximum accuracy. It can validate the data, cross-verify it with existing databases and flag discrepancies too, which all contribute to greater data accuracy. By executing tasks with the same precision every time, RPA ensures data consistency and integrity, which are critical for decision-making and analytics.
BPM and RPA each confer compelling benefits in their own right. When combined, these benefits reinforce each other for multiplied advantage. BPM and RPA bring out the best in each other’s respective strengths, while shoring up potential weaknesses.
By leveraging both BPM and RPA, businesses can ensure not only that they're automating the right tasks, but also that they're doing so as efficiently as possible. For instance, the combination of RPA and BPM can enhance invoice processing by designing and managing the overall process flow (BPM) and automating repetitive tasks (RPA) like extracting invoice data, validating it against purchase orders and entering data into the accounting software.
BPM can prevent RPA from falling into the common trap of automating inefficient processes. Starting with a BPM framework ensures that processes selected for RPA strategically align with your business objectives. This avoids the pitfall of running inefficient processes faster, saving you losses from scaling up wasteful procedures.
Leveraging BPM with RPA gives you greater insight into how automation fits into your business processes, improving operational visibility and control. When you combine BPM and RPA into a single viewpoint, you gain a unified dashboard connecting process performance with robotic operations. This lets you see where bots are generating value and where they're falling short, as well as where your processes could benefit from human intervention.
The clarity of BPM gives you greater agility when implementing RPA. You can see where to rapidly deploy bots to meet immediate needs without losing sight of your larger process framework. This lets you scale up RPA adoption in a way that maintains a trajectory aligned with your business goals and growth.
The efficiency you gain from combining BPM and RPA increases your return on investment. You can see where to target your automation efforts to achieve the most value. This allows you to realize a faster and higher return on your RPA investment.
Leveraging BPM with RPA makes your company better prepared to adapt to changes in the digital landscape and shifts in market dynamics. BPM helps you identify areas for strategic improvement. RPA gives you automated solutions to implement target improvements rapidly.
Combining BPM and RPA provides a framework that supports incorporating other AI-powered tools. For example, RPA can work in concert with intelligent document processing software to support intelligent automation programs. The overall perspective BPM provides helps you see how to use RPA in connection with other AI tools to achieve efficient hyperautomation.
> Learn more: How RPA and AI drive end-to-end intelligent process automation
Integrating BPM and RPA provides a roadmap for holistic digital transformation. Instead of randomly implementing isolated automation patches, you can see exactly where and how to adopt automation systematically to achieve your goals. Every automation decision you make is backed by a strategic understanding of its role and impact on your broader business ecosystem.
BPM and RPA take different approaches to automation, with BPM providing a holistic blueprint for efficient operations and RPA providing tools to achieve efficiency in executing repetitive tasks. Together, both approaches pave the way for increased efficiency, cost-saving measures and the ability to maximize employee productivity.
With Hyland RPA's low-code, drag-and-drop tools, you can effortlessly design and construct new automations. Hyland’s platform integrates seamlessly with your core systems and provides a unified view for management and customization, so you have full oversight and control over end-to-end automation processes.