How Sphinx Is Ensuring Better ROI By Offering Right RPA Solutions

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How Sphinx Is Ensuring Better ROI By Offering
Right RPA Solutions?
visit www.sphinx-solution.com
Call 91-020-26434646
Every major industry is looking to increase their
ROI has selected AI and Machine Learning to
successfully implement the process automation and
fetch best results for their business.
According to a report by PwC, RPA has the
potential to save 2 trillion in global workforce
costs through automating 45 of work activities.
Also, it takes only 25 of the time to complete a
business process workflow and just 16 of the
time to offer an enterprise application
integration solution. All, these amazing facts
are further pushing the enterprises to invest in
RPA. Talking about ROI, it is not only about the
monetary savings or gain. The RPA experts
mentioned the return on investment in the first
year of RPA implementation will somewhere between
30- 300.

• Here are some of the points to remember when we
  are discussing ROI
• It would reduce operating costs and increase
  throughput.

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• Great process improvement with more task
  completion and changes in processes in less
  time.
• It allows employees to offload tasks to robots so
  that people can concentrate on the
• customers and on higher value task at hand.
• It is capable of minimizing manual, error-prone
  processes and instead widen the workforce
  quickly and easily.
• Improved compliance and auditability, all RPA
  steps are recorded for future reference.
• Improved customer service.
• We are helping companies to improve the speed of
  their core business processes. The key to
  receiving a competitive edge through automation
  is getting software that meets the current needs
  of the enterprise and scale to the future vision
  with a nominal additional cost beyond the
  initial investment.
• The ideal approach to get the most out of RPA is
  by concentrating on the areas that need the most
  assistance when seeking to boost the ROI.

• Here is how Sphinx successfully implemented RPA
  solutions for different industries to achieve an
  improved return on investment and minimize the
  load of tedious work.
• An Aggregator E-commerce Application
• A USA based client wanted to develop an
  application which can compare leading
  international brewing brands, and shows results
  on price, deals, and offers.
• With the help of RPA tool, we developed a price
  and offers aggregator application that integrates
  deals from the various third-party system and
  web services. We provided the e-commerce solution
  to accomplish a goal which allows the end user
  to get offers and best price of product every
  time they visit the application. Every element
  of the application is tested and optimized to
  enhance the user experience.

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• Challenges faced
• As it is a price aggregator e-commerce
  application, we dont have the control over the
  third-party web services. But we have to take
  care of the operation and maintain uniformity on
  our developed application even if there are some
  changes happening on the third-party site. For
  this, we optimized the software robot in such a
  way that it can work and automate accordingly
  with the changing pattern/layout and fetch the
  necessary data.
• An Application for Property Tax Payment
• A USA based company wanted to develop an
  application that optimizes the property tax
  payment process. We developed an application
  that automates the overall process of tax
  calculation and payment of different properties
  on the go with the help of RPA tools.
• For instance, if an individual is having homes in
  different states, this application will help the
  app user to get the information of properties
  from different sources. View it under one place
  that comes with the detailed calculation
  (multiple data extraction methods) and helps in
  paying the necessary pending taxes.
• RPA for house taxation is delivered through
  software which is configured to complete
  rules-based tasks such as copy and paste,
  connecting to system APIs, extracting structured
  data from documents, making calculations read
  write and more. RPA application for house tax can
• be easily deployed and managed from a central
  controller. This solution improved the accuracy
  and efficiency of completing the processes.
• A Software for Payment Reconciliation
• Majority of the organizations, irrespective of
  their size devote a significant amount of time
  manually checking and matching transactions,
  preparing and posting journals to complete their

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payment reconciliation. Depending on the needs of
the business and related transactions capacity,
these activities are managed on monthly or weekly
or even on daily basis. One of our UK based
clients wanted an automating solution to assist
them with the transaction matching element of
payment reconciliation for their business. With
the help of RPA solution, we offered the company
an automated end-to-end payment reconciliation
process. The best part of the process is that the
company can review reports which the company can
determine whether the payment history corresponds
to the banks record. Using the tool, we were
able to configure a flexible set of rules which
automatically reconciled 90 of payments that
were an exact match. Using Sphinxs recommended
solution, the clients have successfully reduced
the cost of operation. They have achieved about
30 of return on investment. Well, it is seen
implementing a solution internally on the
application or using an enterprise software has
more long-term and sustainable advantages. These
optimized solutions continue to be cost-effective
and error-free. Conclusion We have talked about
just a few examples where we have implemented RPA
solutions for three of our big clients. By now,
you might have realized that any business process
which works on the rule of thumb, for example,
rules-based, manual and tedious can be automated
with the help of RPA software. Gartners
research claimed that 96 of customers worldwide
are getting real value from RPA. However, there
are many RPA projects and early-phase
implementations that have been paused because
companies couldnt figure out the ROI and how to
implement the things. RPA solution isnt simply
a case of buying software and deploying it to
remove manual efforts, it requires real buy-in
from IT and operations firm. It is better you
talk to a consultant to understand the exact
business scenario and based on that an
appropriate solution can be suggested. Let us
know your idea and how you are planning to use
RPA solutions. Feel free to comment below.
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