Over the past few decades, automation has touched most industries. From manufacturing to sales and distribution to software development, business automation helps streamline your business processes to have a simple approach toward working and attaining digital transformation.
It encompasses integrating applications, restructuring labor resources, and using software applications throughout the organization. Artificial intelligence (AI) and machine learning (ML) are game-changers within the Business Process Automation area. This process gets termed as “intelligent automation”. It changes how humans and machines interact, increases business efficiency, and drives revenue in cut-throat challenging markets.
What exactly is Business Automation?
The term Business automation is used for technology applications that perform repetitive tasks, freeing up employees for a more productive approach. It includes business process automation (BPA), robotic process automation (RPA), and AI-powered automation.
According to Wikipedia, Business Automation or Business process automation (BPA), also known as digital transformation, is a process of technology-enabled automation of complex business processes.
Today, Cloud Based business process automation platforms put functionality within reach of companies of all sizes. Automation no more means huge mainframes and a team of experts to maintain them.
Automating existing business processes with the help of game-changing technologies would free up resources. That is why companies globally are spending on digital transformation.
This year, global digital transformation (DX) spending is projected to reach 1.8 trillion USD. In the next three years, it is expected to reach 2.8 trillion USD as per Statista.
In this article we will explain the importance and need for business automation in today’s fast-changing business process landscape and how it can help your enterprise be more profitable and productive.
Why do You Need Business Process Automation?
Business process automation helps streamline various business operations. Therefore, they help in spotting and eliminating repetitive tasks. This is where BPA tools and software come in.
Akkomplish offers customized solutions for all your business automation requirements through a smooth digital transformation journey and customized app development solutions wherever needed.
We help you manage your projects, processes, knowledge/intangible assets, workflows, and dataflows. Predominantly banking, telecommunications, health care, and manufacturing industries require a business automation solution. But with the advancement of digitalization and AI in all sectors in recent years, all businesses are eligible for business automation.
As per Gartner, the global hyper automation-enabling software market will reach around 600 billion USD in 2022. This figure was at 481.6 billion USD in 2020.
What Does Business Automation Do?
A business process automation partner will help in the programmatic integration of your software applications to automate workflows /procedures across departments so that they can run automatically without human interaction. Business automation emphasizes entire processes rather than jobs such as form-filling or recordkeeping.
SMEs will look for an advanced automation solution for processing their payrolls or keeping track of inventory.
We analyze the entire business analogy from your current standard process for the bespoke solutions that we offer after a thorough fit-gap analysis.
Which Business Processes can be Automated?
Any rule-based business process with clearly defined steps can be automated. Some such examples are:
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Benefits of Business Process Automation
Business automation is a way to increase organizational efficiency by leveraging digital technologies to carry out all business processes with minimal human intervention.
Cloud Based business process automation allows employees to focus on value-based activities rather than assigning repetitive tasks to machines.
The automation toolsets may vary in sophistication, but the use of artificial intelligence technologies comprehend the natural language and unstructured data sets and deals with new problems without human-guided training.
Some benefits of implementing business process automation in your business are:
Improves Time Efficiency
Business process automation saves your precious time and facilitates efficient work. Charge machines for completing recurrent, rule-based tasks and focus on tasks that demand critical thinking and creativity.
Amplify Your Revenue
Manually performing routine processes that do not create value for customers leads to a loss in profits. With automated processes in place organizations can increase profitability by delegating mundane tasks to machines.
Organizations that rely on technology to automate processes increase their productivity. Akkomplish’s experienced consultants examine your current business processes and curate the best solution for automating them to get you the highest productivity possible.
There is scope for automation everywhere.
Customized automation solutions help companies accomplish tedious tasks with minimal allotted resources. Attain reliable results at lower administration costs, hence improving efficiency manifolds.
To err is human. By that rule, the most skilled employees are prone to make mistakes. Cloud business process automation tools and techniques leave no space for such errors that improve the quality of performing any routine task.
Standardization of Processes
Different apps or automation tools may perform the same processes in different ways. These may not be optimum for your business.
On the contrary, automation solutions will follow the same steps to clear tasks and never stray from the defined rules. Business automation helps standardize processes with consistent results, increasing transparency across departments and branches.
Automation solutions record all steps in an audit trail to track each step of the process. Audit trails promote accountability and data security and help companies demonstrate compliance in the case of official controls.
Automation solutions simplify regulatory compliance. Automation brings in encryption and role-based access control, thus helping companies meet the GDPR’s (General Data Protection Regulation) data protection requirements. Automatic data deletion enables companies to fulfill legal obligations regarding data retention.
When in growing or expanding stages, manual processes will hamper scalability. For instance, manually invoicing done for hundred clients would need more resources than invoicing for ten. These tasks can be finished in the same time frame without the constraint of numbers. Automated processes are scalable as machines can perform multiple tasks much faster. Business automation processes help to handle significant increase in workload, demand, and customer base.
Superior Customer Experience
Get the correct automation technology to find the missing pieces of the automation jigsaw for your business and give quicker access to products and services to the client. Superior client experience through faster response times, data-driven personalization, and consistency across different channels are attained through BPA. Survive competition by leveraging technical.
There are a lot of options in terms of tools and automation apps that businesses can choose depending on their short-term and long-term business objectives.
Identify the key areas to focus your attention and resources and choose the right automation partner that will understand your transformation needs and suggest the best possible automation solutions.