The expression, ‘aging like fine wine’ unfortunately does not apply to legacy systems. These systems that previously served as the foundation for business processes have become a hindrance to businesses embarking on their digital transformation journey. In order to meet the ever-evolving needs of the customers and to gain a competitive advantage, businesses should upgrade their legacy systems. However, replacing these legacy systems is a herculean task because they encompass the entire data of the company, and replacement of the system could be a process that takes a lot of time and money. This is where Robotic Process Automation comes into play. RPA enables businesses to upgrade their legacy structures without replacing them entirely. In this blog post, we will be discussing how linking RPA with legacy systems could upgrade them and solve your legacy system challenges.
RPA: The One-Stop Solution for your Legacy Needs
The RPA industry is growing exponentially, and its global market size is already expected to reach $11 billion by 2027. Thanks to its numerous benefits, adopting RPA and integrating it into your legacy system could help you streamline your business processes without much hassle. What are the benefits of implementing RPA? Let’s take a look.
A major drawback of attempting to dismantle legacy systems is that they are not cost-effective and consume a lot of time. RPA solves this problem by being a cost-effective solution. According to a study conducted by ISG, implementation of RPA would result in 37% of cost savings. This is because, unlike other technologies, RPA does not require human resources to carry out tasks. By automating repetitive and rule-based tasks, RPA helps to cut down labor costs incurred by business owners. In addition to this, it is flexible and scalable without the need for additional infrastructure.
Outsourcing or offshoring are the other options that are available apart from completely uprooting the existing legacy systems. However, they do not assure complete data and access security. The lack of security poses a great threat to business leaders, and thus RPA could be the right solution to this problem. RPA provides enhanced security by allowing enterprises to control access authorization to sensitive data.
When it comes to the implementation, RPA does not pose any problems. Being a non-intrusive technology, RPA doesn’t require any integration or complex coding strategies. The robots mimic human actions and interact only at the presentation levels. Thus, with its faster implementation, RPA aids in faster deployment while consequently increasing productivity and allowing businesses to interact with new opportunities.
Now that we have discussed the reasons why updating your outdated systems using RPA and automating them could be a sound decision to make, let us explain it better with a use case. Our client, one of the largest flower retailers in the world, was looking to update their outdated processes and legacy systems to keep up with a sudden surge in demand. By integrating RPA into their system, our team of automation experts were able to bring about $150k cost savings per year. In addition to it, updating their manual systems helped them reduce human errors and efforts. RPA thus helped transform their legacy system and effectively streamlined their business processes.
Digital Transformation with RPA
The market trends are always fluctuating to cater to the demands of the customers and this, in turn, poses a situation where upgrading your business models become inevitable. As the competition gets intense, business leaders need to be keenly aware of the latest technologies and adopt them wherever possible. RPA is such a technology that helps meet the needs of modern-day businesses without compromising on quality. The Deloitte Global RPA Survey states that 85% of respondents reported that RPA met or exceeded their expectations for benefits apart from financial ones such as accuracy, timeliness, and flexibility. In conclusion, the future of RPA does seem bright, and businesses that upgrade their legacy systems leveraging RPA will benefit from its overall dependability.