“We don’t need another expensive AI-based automation software! It will only cost us a lot of money every month and replace our workers“. Have you ever thought that? Well, this is actually not true: By using automation tools, you can reduce costs and increase productivity.
Pay little to save a lot
Most AI-powered software does cost money. The range of costs can vary widely, depending on complexity and a few other factors. However, this is not yet the full reality. You need to consider that while you may spend money to automate certain processes, you may also save a lot of resources, time and therefore money.
Firstly, the initial cost of automating repetitive tasks compared to the amount of time you can save clearly balances everything out. Secondly, using AI-powered tools to analyze data is much more efficient than using human resources to do so.
AI has been shown to be able to scan millions of data points in seconds, whereas humans would take hours or days to do so. In general, these examples show how AI tools can allow your SME to pay little to save a lot.
Before implementing an automation tool, you should compare costs and savings. In most cases, the savings will outweigh the costs, meaning your business will benefit from using the tool. You can redirect your efforts towards other tasks and come up with new ideas to create value for the company. Therefore, automating repetitive work even allows you to increase profit and gain competitive advantage.
Automated invoice processing
One of these AI-based tools where the savings clearly outweigh the costs is Nobel RPA. With this tool, your enterprise can easily automate the invoice processing workflow without high initial costs. As the price is based on the number of invoices your company processes per month, you only pay for what you need. It reduces operational costs and assists accountants with repetitive tasks, allowing them to focus on more important tasks.
