RPA in Retail
Retail’s next big revolution is here.
Robotic process automation (RPA) improves workflow and creates efficiencies for business users in various industries around the world. How can retailers take advantage of RPA’s far reaching benefits?
What does Robotic Process Automation (RPA) mean for retail?
RPA is technology that uses computer programs to execute predefined tasks in a workflow. For retailers, these tasks can range from back office and corporate operations to manufacturing floors and production facilities to inventory and accounting. Unfortunately, while many of these retail tasks are critical, they are also highly time-consuming and labor intensive. RPA and intelligent process automation deliver unparalleled efficiencies by automating these tasks, providing cost reduction, improved productivity, and a better environment for auditability.
RPA and Intelligent Automation for Retail with EZFlow
EZFlow’s integrative tools help today’s retailers improve workplace productivity with one easy-to-use platform. Free employees from mundane, time-intensive tasks using a platform that allows for custom workflows and process automation.
What does EZFlow offer retailers?
- Simplified invoice processing
- Automated accounts receivable and accounts payable
- Streamlined procure to pay
- Improved inventory management
- Simplified purchasing and improved stock management
- Digitize on-hand inventory
- Simplify new product introductions
- Improve accuracy of demand planning
- Automated document and data transfer
- Happier employees
- Better customer service
RPA In Retail: Use Cases
By incorporating RPA in retail operations, tasks like invoice processing take less time and have fewer errors. Instead of delegating mountains of paperwork to people to manually parse and distribute data into appropriate programs for processing, this task can be performed by RPA bots, which can use optical character recognition (OCR) and other machine learning algorithms to scan documents 24/7 and automatically route data where they need to go.
RPA for Different Kinds of Retail Operations
RPA for Brick-and-Mortar Retailers
Administrative tasks are primed for RPA, offering brick-and-mortar retailers added support of new digital workers, without having to hire more staff. Tasks like invoice processing, accounts receivable, accounts payable, procure to pay and so much more can all be handled by Robotic Process Automation.
RPA for Retail Supply Chain
With improved cycle times, RPA can significantly improve supply chain dynamics. Improve inventory management in real-time with RPA programs that can work 24/7, boost planning accuracy with bots that can analyze sales trends and forecasts, and so much more.
Getting Started with Process Automation in Retail
Want to learn more about RPA for retail? Schedule a free demo to see what
intelligent process automation can do for your retail business.