April 18, 2024

Business Bib

Business & Finance Blog

What Processes Can Your Business Automate?

3 min read

Business processes continue to get more and more complex every day. Competition for businesses is increasing due to advances in technology. In the wake of all this, technology—specifically automation—is giving companies an edge over their competitors.

Here are some of the most commonly automated business functions:

  • Marketing such as email and push notifications
  • Data processes such as collection, aggregation, and analytics
  • Call center and help desk
  • Payroll processing
  • Invoicing and collections
  • Sales orders
  • Decision-making such as leave approval
  • Time and productivity tracking
  • Accounts payables

Why automate?

The very essence of automation is to standardize services. However, there is more to it than just a standardized business process. Businesses can save a lot of time through automation of routine tasks such as order verification and confirmation. Many companies hire clerks to do such work because they don’t know there are other options.

You can automate to reduce waste of company resources. Imagine using printable documents in your business. It will cost your company printing services and filing. To convert the files in digital print, it will cost your company further.

Automation software for business processes can streamline operations for any company. Processes feed into each other reducing the burden of human engagement. The company can minimize staff fatigue, thereby providing much-needed motivation. Automation can eliminate human errors. Machine learning and AI provide machines with an unparalleled intellect that can ensure that everything is perfect.

Ways to Use Automated Decision-Making

Automate Repetitive Decision Process

Some decisions are repetitive such as ticketing, receipt printing, and such things. These business processes can benefit from automation software for business processes.

Reduce decision-making complexity

Not every business decision is straightforward. Some require complete information. Using automated data aggregation and analytics, you can add algorithms that automate a decision. For example, an algorithm can decline a card payment based on a set criterion.

Set up compliance and governance structures

Businesses operate in a complex regulatory framework that requires actions and measures. A business can automate all of them into one database where it is easy for the company staff to use it. You can check for more ways to automate online.

How to Use Automation Software

Automation is not a simple process. If you are not smart about it, you may end up with a burden and not a solution to your problems. Experts recommend a process of automation that is standard.

Identify the business process that you want to automate

Today, you can dream of automating almost every business process. You can even automate staff meetings by setting up automated updates for teams.

Create a plan that has all your expectations for the product

Procuring a service is different from acquiring a good. Define the current situation vis-à-vis what you want to have.

Shop around between bespoke and over-the-shelf software

At this stage, you want to be thorough about the quality of the business. You want a solution to your problem. Look for a product that will help the company to step up. Check for company reviews to ensure you are buying from a reputable institution.

Check compatibility and scalability

Since your company is growing, you need a product that can grow together with your company. It should be compatible with other company assets such as operating systems, databases, and so on.

Procure

Once you are satisfied, you can put a pen on paper on your deal.