RPA ROI | What is Return On Investment & How to calculate ROI | RPA Tutorial | ROI | TechieOnWheels

RPA ROI | What is Return On Investment & How to calculate ROI | RPA Tutorial | ROI | TechieOnWheels
Hello Viewers,
In this video we will discuss in detail about the RPA Return On Investment ( ROI ) in detail along with detailed example for the required pointers.
We will discuss about below:
1. What is RPA ROI (Return On Investment)?
2. Why do we need to calculate or estimate RPA ROI (Return On Investment)?
3. How to calculate RPA ROI (Return On Investment)?
4. In Detail about RPA return on investment ( ROI ) and how does the RPA ROI (Return On Investment) matrix look like?
5. What information ROI matrix captures?
6. RPA ROI (Return On Investment) calculation parameters or content
Highlights:
The Robotic Process Automation ROI Calculator helps to determine the cost that the organization can save by implementing RPA.
The ROI can be determined on several factors like
- Savings from Manual Hours Saved
- Savings from Error Reduction
- Savings from Productivity Gain
- Savings from Business Agility
- Savings from Customer Sat & Brand Improvement
- Savings from Improved Compliance & Data Gov
It is generally calculated in terms of 3 to 5 yrs. forecast Year on Year basis, considering 1st year ROI might not be evident as it includes several cost involved in Automation. This includes, Infrastructure cost, Automation cost, Licensing Cost, Maintenance Cost, etc.
The expected ROI and Actual ROI can be used further to compare the lags or shortfall and analyze ways to improve the further returns basis observations.
What Next?
We will discuss in detail about the RPA Solution Design Document [ SDD ]
Read RPA Blogs : techieonwheels.wordpress.com/
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[@krishnakantujjawal346]

Thank you for sharing this.

[@ankita1883]

Thank you for sharing this. Very informative and useful video.

[@SolveUnsolved]

Thank you Ankita.

[@SolveUnsolved]

Feel free to ask any RPA realted doubts.. and team will try to clear/answer each one of them.
Helping RPA Community grow.

[@Paperboat786]

Give your email id or LinkedIn connect pls

[@SolveUnsolved]

@@Paperboat786 You can follow me on www.linkedin.com/in/ritika-raj-8486088a

[@vkaliyuga7212]

Hi where can I find this excel

[@prateekvermaa]

What is pre start

[@suec7986]

You spent so much time explaining the type of inflow and outflow cash, but you literally ran thru the real calculations on the ROI summary tab. Couldn’t see your formula or anything.

[@SolveUnsolved]

Please refer the Excel template for reference.. these are basic formulas and hope you will not find it difficult to understand..

[@vssrpaacademy6800]

@techieonwheels - tried to get the template from AA forum but it’s not available . Request you to share the path so that it would be easily to access the file .
The session was brilliant