The word “hyper” means beyond or above normal automation capabilities – which means hyperautomation goes well beyond simple automated tasks like filling out expense reports by automatically capturing data with your smartphone or scanning receipts with your webcam. It’s really more of a system that does most of the work for you.
Hyperautomation can be one of the most powerful tools that an organization has for streamlining and automating processes. However, organizations are able to automate tasks that may have been difficult or time-consuming with traditional automation methods.
What Gartner Says About Hyperautomation
Gartner, the IT analyst firm says that “With hyperautomation and cognitive technologies, a business can automate its most complicated processes.”
Hyperautomation can be applied to every process in an organization for quicker processing with fewer errors. In expense management, this would mean hyperautomating more complex transactions such as reporting out-of-pocket payments or submitting reimbursement requests.
Gartner also points out how companies are using the benefits of hyperautomation to meet customer service standards by adding AI capabilities like chatbots automatically answering queries from customers on social media channels and even automated phone interactions during major events when resources may not always be available for live support.
This is just one example of how organizations use hyperautomation to make their employees’ jobs easier and more efficient.
Hyperautomation for expense management is most often used to automate a process that requires repetitive data entry or validation such as updating an employee’s home address on the system after they move or adding receipts from business travel expenses.
Hyperautomation can help with these processes by being able to automatically scan for errors in uploaded files before running them through checksums algorithms for verification against known malicious code found online.
It also allows users to make changes faster without having to navigate long menus of options and because it does not require a person to be present during working hours (a time when organizations may have trouble finding someone available), it helps improve efficiency dramatically – making organization workflows less complicated.”
This technology is the use of software programs or robots to execute tasks that would normally be performed by humans, and it does replace human jobs through automation, but also allows them to do more work at a faster pace and with fewer errors than if they were doing it manually.
What’s the difference between hyperautomation and automation?
Automation is when a computer performs an action for a human. Hyperautomation, on the other hand, involves computers performing tasks that humans used to do. It’s like handing off some of your work responsibility to machines.
The biggest difference between these two concepts is hyperautomation will continue to be needed because automation can’t replace all jobs in companies just yet according to Gartner Inc., an American research and advisory firm providing analysis of information technology trends worldwide
When you automate something, it means programming a machine or device so that repeats certain sequences of actions automatically. When you hyper-automate something, this means using software agents (programs) which are capable of automating complex operations without much input from people.
What are the Benefits of Hyperautomation?
Hyperautomation is a form of automation that leverages the use of robotics process automation (RPA) to control and monitor tasks. RPA can be deployed on-premises or in the cloud, but hyperautomations do not depend on a location because it has access to enterprise-level data from any source.
So what are some features of this type of digital process automation that make it beneficial to expense management?
The first one we’ll mention is its scalability; there’s no limit as far as how much work you want your automated system to do. It will also produce real-time reports without disrupting human resources. And since people aren’t needed anymore, you won’t have to worry about the expense of hiring, training, or managing them.
The next feature we’ll mention is its flexibility; hyperautomation can be applied in any process and you won’t need someone with a technical background to do so.
And finally, it’s efficiency– that means it will save time by eliminating tasks such as repetitive data entry and manual reconciliation processes.
It also reduces error rates because there are no human errors from mistakes made when inputting information into an Excel spreadsheet for example.
Hyperautomations’ real-time reports make everything easier too since organizations know what they’re spending without having to wait two weeks for the bank statement to come out. In summary: hyperautomation has many useful features which help with expense management.
How does hyperautomation works in expense management?
As the technology of hyperautomation is becoming more advanced, it has become a common tool in expense management. This technique can be used for both physical and electronic items across different industries such as retail, banking, or travel.
Hyperautomation can improve efficiency by reducing the manual effort that would have been previously necessary to complete these tasks manually. It also alleviates the human error factor which may result from repetitive mistakes since this automation does not require any input after set-up and configuration are completed on an RPA platform.
The following are some benefits associated with hyperautomation:
Automating routine processes within organizations allows employees to focus their time and energy on higher-value work activities instead of low-level processing like repetitive data entry or processing and analysis.
Hyperautomation reduces the time it takes to complete routine tasks which can improve efficiency across different departments within an organization, such as finance or human resources for example since manual effort is reduced. RPA also alleviates many of the errors that might have been made by employees over long periods of time in repetitive processes thereby improving efficiency even further.
Lessens Burden on Employees
Automating a process allows employees who use this tool more freedom from lower-level work activities like inputting information into spreadsheets manually. This frees up their mental energy and creativity so they can focus on higher-value work instead of constantly repeating low-level actions day after day with little reward.
Robotic Process Automation is a very accurate process that can not only automate tasks but also provide reports and metrics to verify compliance. This includes rules about expense management like the number of receipts an employee should submit per trip for example which might be difficult or time-consuming to enforce manually.
Grows Market Share
Automating one task within an organization will often lead other departments in the same company who are using different processes dependent on this first department’s success with RPA automation. For example, if finance manages their expenses through RPA then human resources may want to consider automating theirs as well since they share data with each other regularly.
The benefits go both ways too: when HR starts implementing it more efficiently (less manual work, time saved, etc.), finance will see increased productivity and more accurate data.
With a human, tasks are executed exactly as they’re written but with RPA this is not always the case because of the flexibility it provides for nonlinear processes or long repetitive process chains that need to be broken up into multiple steps.
As an example: if there is a series of approvals required on expense reports before submission then each step in approval could have its own Robotic Process Automation script so no manual work has to happen at all after initial verification (saves money).
Help Employees Prioritize Tasks
Automating their workflow means employees can spend less time performing tedious tasks like submitting expenses and more time working on other parts of the business.
By automating tasks like giving approvals or entering expenses, employees will be able to produce more and work faster because there is less tedious manual labor involved in their job every day.
Lower Maintenance Costs
One of the benefits of RPA is that it reduces IT support costs by reducing hardware needs, as well as reducing the need for a complex database management system.
Improve Team Communication
Robotic Process Automation also allows employees to collaborate more easily with one another due to less human involvement in reviewing work and approving it, meaning that there is less back and forth between team members which can be very time-consuming.
Create Better Security Protocols
Since RPA is a highly secure technology, it can be used to enforce security protocols.
Auto-Detect Issues and Errors
One of the greatest benefits of hyperautomation is that it will detect errors automatically, meaning you won’t have to do as much manual labor in order to find these issues on your own.