There are many reasons why startups fail. Some of them doesn’t even make it until their first sales. If you google ‘startup challenges,’ you will find thousands of articles telling you why most of the startups are not able to survive through the violent waves of market trends and fierce competitions out there.

So, here are three reasons how robotic process automation (RPA) ignited bot can help a startup overcome the everyday challenges.

$$$, The finances!

Having good management of finances is essential to the survival of startups. Having a bit of extra cash flow on hand doesn’t hurt if you don’t yet have a stable income source. With that being said, founders/entrepreneurs must keep an eye on their expenditures, especially on the back-end costs (to handle admin, everyday operation flow, etc.) and hiring staffs. It’s important to trim these costs and focus its energies elsewhere when you are at the initial phase of building your company.

How does an RPA bot help to play a role in this case?

So, before you lose your patience with the people you hired and then ran out of cash, an RPA bot may be the solution you need. We all know that bots are reliable and productive. An RPA bot does not require a break, medical leaves or vacations to Hawaii; it just doesn’t need to. Also, the best part of having a bot in the company is that it works as you command, 24/7! So, instead of spending your funds on hiring people just because you don’t have time to do the work; use an RPA bot, so you have the extra capacity/position for more meaningful purposes.

Scaling up (in a digitized way)

Selling more than you expected? Great! You are on your way to building a better company.

This is a digitized age where people prefer shopping on the internet than pulling up their cars in the mall’s parking lot. So it is common for startups to have multiple sales channel online. As your startup grows, you subscribe to more software services, become a seller on more than one websites, and provide more delivery options for your customers. Eventually, you will have multiple channels to manage and had to hire an additional headcount to handle the operations.

How does an RPA bot help to play a role in this case?

Let’s say you decided to get an RPA bot for your company, and you configured it to get customer data from Excel to your cloud-based CRM system. Since your company has grown significantly for the past few months, you decided to automate the invoicing process, so you have more time for marketing. So does that mean the RPA bot is stuck between Excel and your CRM system? The answer is no!

RPA bots are flexible enough that you can tinker them to overlay on different existing systems. So, if you decided to subscribe to a new service and needed your RPA bot to do more stuff, all you need is some configuration. And the bot is on its way to do magic work!

Using a bot to improve the quality of your product/service

Having an excellent product/service is not enough; you ought to have a great end-to-end process to make sure your customers are happy. Building a great product that is not delivered on time is not going to help you win their trust. As you know, a startup can only scale up with the presence of a happy and loyal customer base. To win over customers’ loyalty to the company, the necessary quality you need to have in your product/service is to provide the right product to the customers at the right place and right time.

How does an RPA bot help to play a role in this case?

RPA bots can always almost provide the right result you need from them. If you have been copying prices from different websites for comparison, or you have been getting rates from various sources into Excel for the sake of calculation, then you might want to consider getting an RPA bot to do these tasks for you. An RPA bot, after all, can mimic your actions and delivery the necessary output. It will provide consistent and accurate results, thus eliminating any potential errors that might impact your customers.

In sum, bots are where the future lies…

I believe that bots are the future of business, and they will be helping us do the dull work that had to be done but is taking too much of our precious time. The benefits that bots can bring to us, including accuracy, consistency, and productivity are even more critical to startups which often have only scare resources to utilize.