What is Business Process Automation?
Business process automation is the process where businesses use Information Technology to contain costs on their business operations. It consists of integrating applications, restructuring labor resources, and using software applications throughout the organization. This is why the Importance of Business Process Automation to SME Business Today.
Example, of a typical business process is, preparing cheque for settling expenses. In the past we often use type writer to prepare cheques and separately prepares vouchers to record it for bookkeeping.
Today, this part of business process has been automated often by software solutions. Such software solutions can automatically print the voucher along with the cheques with it.
At the same time, the voucher entries is also posted in to your ledger system automatically for the business’ financial report. In which such automation, decreases the cost of man hours in preparing of cheques, vouchers, recording and doing the booking keeping process.
3 Importance of Business Process Automation
1. Fast and Better Decision Making and Strategy Support
As an effect to improve the supply chain management comes an improved ability to react to changes in the market. A good Business Automation Strategy enable an enterprise to react more quickly to their environments and demands, enabling them to push out ahead of the competition and produce a better service and cover a larger piece of the market. This will help the business owners focus on managing your business and concentrate on dominating the market places.
2. Lessen the Cost of Business Operations
- Business Automation helps decrease the manpower cost like what I have discussed above.
- It also eliminates process redundancy.
- This can help lessen operational cost by improving response time of the business.
3. Automated Business Process Turns Excess Inventory Into Cash
Business Process Automation in an inventory management knowing your fast moving items between your slow moving items will definitely help you manage your inventory cost. Investing on a high earning or faster moving items will not only increase your sales, but will also help maximize your cash flow. Can you give your ideas why Business Process Automation is important today?
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