Robotic process automation is a powerful tool if used correctly. It allows you to accomplish tasks faster than any human could, ultimately increasing your company’s efficiency by saving you both time and money.
Cut down on man-hours
Tasks like data entry, database merging, and moving data from one database to another can eat up your employees’ time.
Johnson Bank, a premier financial services institution out of Wisconsin and Arizona, faced this challenge, and leveraged RPA to solve it. Facing significant growth in the data coming into their systems, they implemented Nintex Foxtrot® RPA to automate manual data entry and achieved big results.
Nintex Foxtrot RPA helped Johnson Bank reduce the annual man-hours necessary to manage and process loans from 16,640 to only 832. That’s a 95% savings in man-hours.
And not only does RPA software produce dramatic time savings, but it also completes tasks with complete accuracy.
Reduce spending on manual data entry
Faster time-to-value also means money saved. As enterprise-wide processes can take considerable resources to complete, costs can accumulate quickly.
The time savings Johnson Bank achieved using Nintex Foxtrot RPA equated to a financial savings of about $304,000 a year. Companies can take savings like these and reallocate the funds to things that spur growth and increase profits.
Focus on what’s important
With their resources freed, Johnson Bank shifted their focus to improving customer relations and service.
“The extra time Nintex Foxtrot RPA has gained for us allows us to focus on providing greater assistance to our clients,” said Rita Kerkman, AVP Management Reporting Specialist at Johnson Financial Group. “As a result, we are more creative in delivering the kind of innovative thinking that strengthens our relationship with our clients and ultimately makes them more successful.”