We live in a world of automation. It seems that there is always a new app, invention, or process being developed to make businesses run more efficiently and enable employees to maximize their time and focus on more innovative aspects of their job. Utilizing business process automation (BPA) tools empowers companies to operate more efficiently and helps them stay competitive.
Techopedia defines business process automation as a way of managing data and processes, while reducing resources, cost, and IT investment. Why automate? In order to stay competitive and improve margins, companies need to evaluate their current business processes and establish what can be done more efficiently. Often times, organizations unproductively use employees to execute time-consuming tasks that can easily be automated. Not only does BPA save time, cut costs, and improve an enterprise’s ROI, but it also allows employees to handle more advanced workloads.
BPA is based on three principles: collaboration, integration, and automated execution. The three principles combined; result in centralized management of merged business functions to reduce tasks with minimal human intervention (techopedia.com). Most commonly, finance, accounting, and human resources departments can benefit from BPA due to the amount of forms, data input/processing, and the frequency of desired output and reports. Think about all the time your company would save by simply automating these time-consuming tasks!
But it’s not just about time – it’s also about error remediation. Believe it or not, human processed workflow is typically rife with mistakes. It’s no one’s fault, it’s just the nature of our being; interruptions, distractions and loss of focus are inherent. Computers, on the other hand, are so objective in their duties that these errors, and their hefty financial costs, are mitigated.
By reducing and, often times, eliminating, the need for employees to handle such mundane duties, you will cut costs, save time, and improve workflow. Consequently, your firm can gain a more competitive stake in this ever-changing and advancing economy.