Automating Business Processes for Success
Time has a value. Your key business processes can be automated.
What Process Automation Means?
Process automation is a powerful, software delivered concept for performing manual, logic-based office tasks more efficiently by reducing a processes cycle time and lowering costs. Workflows can be integrated with a companies’ DMS and existing systems to further reduce administrative overheads.
Why Implement Automated Workflows?
Prior to implementing automation, processes are controlled and managed through human interaction. Many organisations don’t understand the inefficiency inherent with managing processes this way and are often dependent on using a mixture of spreadsheets and emails. According to recent reports by McKinsey’s and PWC:
- Roughly 45% of workplace activities can be automated
- 69% of CEOs plan to drive corporate growth & profitability through cost reduction
- Among business processes, 60% of occupations can save up to 30% with automation
- The average company can potentially free up 20-30% of every single work day task
The greatest benefits of process automation are the ease of deployment, speed and agility it confers on the enterprise while bringing positive impact on ROI, a 24/7 productivity capacity, immediate cost-saving, and near-perfect compliance rates.
Expected Results of Workflow Automation
i2M’s clients have experienced significant return on investment deploying automated workflow solutions, with an average ROI of 466%. Advancements in workflow software technology has meant clientele experience a 78% reduction in overall development time, meaning faster implementation, adaptation and adoption.
Near-perfect process compliance rates are able to be observed with technology that allows for deeper analysis of process data. Having captured and presentable metrics on any given process provides further foundations for task improvement and strategic flexibility for key decision-makers. Accountability and audibility are also added residual effects of having workflows digitally presentable.
Ultimately, productivity is increased through major reductions in process life-cycles, with clients observing process completion times cut down from 3 days to under 4 minutes.
The Benefits of Digital Workflows
Reduce Administrative Effort & Focus Communication
Automating processes greatly reduces the administrative burden companies currently undertake. Having communication embedded in the workflows enables faster completion times, task prioritisation and focused outcomes.
Enforce Organizational Compliance
Structures of companies are sometimes complicated to identify and follow. With the workflow structure automated, standardised processes are implemented to ensure processes are followed to their entirety.
Increase Process Efficiency & Delivery Times
Substantial time is saved having workflows digitized. The removal of both physical paper and email management alone is enough to drastically improve process completion times.
Reduce Human Error
Having work processes digital means there is inherently less chance for things to go wrong. Dates, milestones and even communications are controlled and monitored by the system behind your workflows.
Analyse Captured Process Data
Performance of processes can be tracked and analysed enabling further improvements, present live information on processes, and highlight bottle-necks to key decision makers.
Minimize the Mundane
Repetitive and time cumbersome tasks exist in every business. The good news is that the majority of these tasks can be controlled digitally, freeing up professional resources to concentrate on delivering polished outcomes.
