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RPA Vendor Selection
Many companies around the world have started implementing Robotic Process Automation (RPA) with a desire to automate, streamline and optimize their growing operations. RPA can accelerate processes, reduce errors, boost compliance, reduce audit time and costs, and free up staff to perform higher-value work. According to Gartner, RPA is the fastest-growing segment in the worldwide enterprise software market with an approximate value of $5.98 billion by the end of 2020.
The market has produced an array of RPA tools with each having its own specialties and unique offerings. So how can your company evaluate RPA vendors? How do you make the right choice? The truth is, the cheapest or fastest tool may not be cheap or fast in the long run, and a tool that fixes a specific piece of a process may not lend itself to a strategic rollout that drives automation across the end-to-end process. Choosing the wrong tool to start may result in a “locked-in” scenario with a limited solution, which could mean starting over again at a later stage.
To assist in the RPA tool decision process, we have put together this article (and the infographic) to help you define the most suitable vendor that fits your organization’s automation journey.