Top 7 Benefits of Custom Business Process Automation Software
It’s common to view revenue growth through the context of increased sales or contracts. But for enterprise companies and large corporations, the key to unlocking substantial financial growth opportunities can be buried in internal processes.
As a company evolves or grows, its processes and workflows should also. But that’s not always the case. Far too often, a company’s internal backbone fails to scale alongside outward growth, creating costly inefficiencies.
Investing in business process automation software can help businesses break out of that cycle and realize their full potential.
What is Business Process Automation Software?
Business process automation (BPA) software is technology that manages and carries out recurring processes and tasks. In doing so, BPA purpose-built custom software and tools replace manual work that can be as costly as it is inefficient.
One of the most common examples of how business processing automation software can improve functionality is accounts payable. Without a BPA tool, the accounts payable process becomes unnecessarily complicated and prone to delays and errors.
Throughout the process, designated employees or departments are responsible for receiving and reviewing the invoice, approving it, and paying it.
When the process is not automated, payments can face delays at any point in the process. Those delays can slow business, create gaps in material or inventory deliveries, and otherwise damage valuable relationships with suppliers and vendors.
Any one of those consequences negatively affects other departments and workflows, leading to a significant loss in time and money.
Custom business process automations streamline those tasks, ensuring that the accounts payable process continues without interruption. As such, BPA tools have become an invaluable part of business process management strategies.
7 Ways Business Process Automation Software Can Transform Your Company
If you’re considering business process automation as a way to improve your organization, here are seven common outcomes that you can expect.
1. Increased Efficiency
Operational efficiency is vital to any successful business process management strategy. BPA software can improve accuracy, timeliness, and quality. In doing so, they make it more likely that tasks and workflows require less oversight. That frees up your employees and members of your management team, allowing them to focus on other areas of business.
2. Reduced spending
Not all tasks can or should be automated, but recurring multi-step tasks that rely on manual processes lead to significant financial waste. When your resources are tied up or delayed due to poor processes and workflows, your company will inevitably spend money completing the task and making up for the lost time. Automating these processes can move the proverbial dollars off the table.
3. Customized software to support enterprise strategies
There are a lot of platform based BPA tools available, but many address the general needs of drastically different businesses. Off-the-shelf solutions may work for some businesses, but enterprise organizations frequently find that they fall flat. Custom BPAs can be integrated with your existing platforms and designed to fit seamlessly into your desired or existing workflows to target efficiency needs.
4. Improved Customer and Client Relationships
Segmented workflows and unreliable processes do more than cause problems internally; those issues can also manifest in the customer or client experience. Consistently poor customer experiences will impact your bottom line. Unfortunately, it can also negatively affect your brand, potentially for a significant period. Purpose-built BPA software will unite workflows and create more reliable processes. In turn, they lead to improved customer interactions, ensuring your brand reputation isn’t tarnished by internal inefficiencies.
5. Improved Employee Morale
When processes don’t work, or customers are frustrated, your employees are often the first to suffer. Employees who are spread too thin and forced to deal with inefficient workflows, unnecessary delays, and communication and organizational breakdowns will never be able to live up to their full potential. Instead, they’re more likely to be unhappy on the job, lose focus, and look for a new job. For businesses, poor morale can be expensive. Not only can productivity lag, but employee turnover can lead to further financial and productivity issues, both directly and indirectly. Therefore, investing in tools that improve productivity and the employee experience benefits everyone.
6. Enhanced data and documentation management
What do creating new customer files, onboarding new employees, and managing accounts payable all have in common? They each require a serious amount of paperwork and data collection. The same is true for so many other recurring processes in the workplace. Without BPA software, the data and paperwork required to complete those processes can be unwieldy. And, when handled manually, the likelihood of errors — whether significant or minute, increases.
7. Stronger Regulatory Compliance
Every industry has its own set of regulations, mandates, and requirements that govern everything from data management to product quality. Relying on manual workflows to carry out complex processes leaves your organization vulnerable to errors that can throw your organization, products, services, or employees out of compliance. The right automation solution can improve compliance and mitigate the legal and financial risks that may follow if your organization is out of compliance.
A custom BPA solution will create unparalleled efficiency, reliability, and integrity at the process, product, and organizational levels.
Find out how the DADEN Software team can kickstart your digital transformation and help your business improve workflows, revitalize processes, and ultimately improve your bottom line for years to come.
Contact the DADEN team today for a complimentary consultation so we can work together to design solution that helps your business grow and evolve.