The tangible benefits for automated process have long been in the spot light for savvy Directors, however automated process are now viewed as a critical business enabler (1). With recent advances in business management tools, coupled with reduced costs to implement new technology solutions, now is the time for businesses looking to increase growth and profits to reap the real benefits of automated processes.
Implementing automated processes has been touted as a “critical cross discipline, control and process enabler, responsible for ensuring consistency in planning and performance management, while reducing costs across an enterprise (2).”
Here are 7 ways Directors are benefiting from automated processes today:
Improved Efficiency and Productivity
Automating processes allows a business to do more with less. Costly manual labour and the resulting potential for resulting errors and mistakes can be eliminated, or significantly reduced. Automated processes enable a business to work smarter not harder. With automated notifications and reporting, efficiency and productivity can be dramatically enhanced.
Consistent Processes
Automating process ensures quicker results and significant financial benefits. New technology solutions allow businesses to create workflows that reflect their processes and operations and allocate responsibilities to manage and monitor the effectiveness of their processes.
Improved Governance and Reliability
Process reliance, regulatory compliance and corporate governance are key issues for any growing enterprise. Maintain and enhance competitive advantage with reliable workflow automation to ensure essential processes for corporate governance are always executed in accordance with legislation. Avoiding non-compliance issues or inadequate controls will ensure your business does not suffer costly financial and brand implications.
Improved Compliance
Ensuring your workers or plant are compliant is not something you want to risk being overlooked or effected by manual errors. Establishing automated processes based on your compliance rules, coupled with instant visibility across your key compliance indicators, enables businesses to easily ensure compliance, without the potential complications of a manual compliance system.
Business Insights Perhaps one of the most recent leaps forward in the benefits of automated processes following new technology solutions, is the range and depth of analytics capabilities that allows managers to analyse business trends, identify repeat bottlenecks, and track response times.
Continuous Improvements
Today’s Directors are tracking and managing continuous improvement projects, recording their learnings and sharing them with their stakeholders, all powered by the continuous improvement and business insight functions of automated process technology systems.
Reduced Costs and Improved Profits
Establishing automated processes will result in direct bottom-line results of reduced costs, ability to take on more work and improved profitability.
Resources:
- Why software automation has become an important tool in the CEO’s bag, June 17th, 2014 Ben Rossi – Information Age
- Real Benefits of Automated Processes, May 17th, 2012 Gray. Author: James A.Moudry