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RPA ROI calculator
Implementing Robotic Process Automation is a large investment, and it is crucial for businesses to justify the return carefully. The Sphinx RPA ROI calculator helps you estimate that return by considering cost savings, productivity improvements and the hours automation gives back.
Estimating the ROI for RPA helps companies thoroughly evaluate the impact of the technology. Still struggling to work out what automation would do for your organisation? Answer the seven questions above and see what your own figures add up to.
When it comes to RPA estimation, the Sphinx ROI calculator gives you a figure built from your own numbers rather than an industry average.
How to use it
Estimating RPA ROI depends on implementation costs, ownership costs and total benefits. These are the four steps behind the figure.
Influencing factors
The figure above is what automation returns. These are the things that decide what it costs to get there.
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The subscription-based nature of RPA vendors often includes licensing fees, and the choice of deployment (cloud-based or on-premises) affects overall costs. Cloud-based options offer cost benefits when bundled, while on-premises solutions can be more cost-effective with long-term commitments.
02
Ongoing support, maintenance and scaling of RPA efforts add to the overall expenses. Proactive planning is important to avoid disruptions and additional costs associated with RPA scaling and maintenance.
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The diverse capabilities of RPA bots significantly contribute to the overall development cost variations. Factors like cognitive abilities and complex task management are the key cost drivers, whereas simple bots with limited functionality may incur lower development costs.
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A thorough process analysis is required for implementing RPA successfully. While high infrastructure upgrades are not essential for RPA tools, they need meticulous upfront design and an understanding of the process to be automated. The hourly rates for RPA analysis and consultancy vary from vendor to vendor.
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RPA tools depend on IT system integration through APIs, and this third-party integration adds extra costs. If integrations with Google Cloud, Azure or AWS are required, the total costs rise significantly. The expenses also increase with data volume and the server calls managed by the bots.
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Implementing advanced security protocols and regulatory compliance helps to safeguard RPA systems and sensitive data such as customer information and bot credentials. Ensuring compliance with the latest industry regulations requires additional resources, which increases overall RPA development costs.
Connect with us
What RPA costs, and what it gives back. Can’t find your answer? Get in touch.
The average cost of implementing RPA ranges from $10,000 to $250,000. Technically, this cost varies depending on a number of factors like project complexity levels, the total number of RPA bots required, the choice of RPA vendor, maintenance and support, etc. Here is an example of a cost breakdown:
Getting a free assessment mostly involves reaching out to reliable consulting firms or RPA vendors that provide comprehensive services. The steps to obtaining a free RPA process assessment are:
The Sphinx RPA ROI calculator helps you estimate the financial benefits of RPA implementation. Trusted by startups and SMBs, it lets businesses estimate returns by considering potential cost savings, productivity improvements and the hours automation gives back.
Sphinx Solutions is one of the top RPA service providers, offering a range of RPA solutions for startups and SMBs. We have a specialised team of RPA developers who build bots to automate work processes and streamline business workflows, across UiPath, Automation Anywhere, Kofax and Blue Prism.
RPA automation refers to a technology that helps businesses automate rule-based and repetitive tasks and streamline operations. RPA bots can mimic human actions and execute tasks across several systems and applications. Common use cases include: