Posted in Workflow Automation

How to Automate Manual Processes Across Every Industry

These days, a third of the tasks in two-thirds of jobs could be automated.

In this sense, if you’re still locked into manual processes, you’re significantly hampering your productivity levels.

After all, automation improves both the efficiency and effectiveness of your workflows by cutting out errors, lowering costs, and preventing delays.

Not sure whether automation is right for your industry? 

Read on to discover how you can automate manual processes across every sector.

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Posted in Workflow Automation

Digital Workflow Automation: The Complete Introductory Guide

Paperwork.

It’s the bane of our modern existence. From legal and finance to administration and HR, every aspect of our workplace involves some sort of form-filling, printing, copying, and scanning. We’ve even invented shredders purely to take care of these piles of paper.

And even as new digital solutions enter the market every day, paper usage in the U.S. is expected to increase through 2023.

The problem is that while companies can see the benefit of going digital, they’re often faced with the daunting task of making that transition. 

So it’s easy to stick to what you know. Even if it can save millions of dollars for larger organizations.

But it doesn’t have to be that way. Converting business processes to automated digital workflows can be a simple step that produces incremental changes rather than an exhaustive effort requiring you to go through bureaucratic hoops and headaches.   

We’ll give you a step-by-step guide on how.

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Posted in Digital Transformation

6 Keys to Digital Transformation Strategy for Small Businesses

Digital transformation is essential for businesses of any size to stay relevant and competitive in today’s market. Yet for a small business with a limited budget, it could sound like an intimidating undertaking.

However, you simply can’t ignore the benefits of using the right technologies in your business. It’ll help you improve efficiency, lower costs, increase productivity, improve customer experience, and ultimately, boost profits.

In fact, 42% of SMBs now consider digital transformation a core component of their organizational strategy. Digital leaders are doubling the performance of digital laggards.

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Posted in Digital Transformation

Digital Transformation For Small Business: Key Areas To Leverage Technology For Growth

There’s a lot of buzz around the term digital transformation (DX). As a small business, you may wonder if it’s something you need to pay attention to.

It sounds like a fancy gimmick for large corporations with big IT budgets.

However, no small business can afford to ignore digital transformation. Don’t sweep it under the rug. You’ll likely miss out on opportunities that will set your business up for success for years to come.

Digital Transformation leaders outperform laggards.

Research conducted by Bain & Company revealed that digital leaders more than double the performance of digital laggards in their industries. Profitability follows the same pattern – 83% of the leaders increased their margins over the same period while less than half of the laggards did so.

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Posted in Workflow Automation

How to Create Custom Reports With Form Data Using Banana

Data Visualization is incredibly powerful.

Think about a corporate performance report. Connecticut, South Carolina, Minnesota were the Top 3 performs. Wyoming, New Hampshire and New York were the Bottom 3. There were X, Y and Z trends. Revenue and profit grew A% and B% respectively. You could go on and on for pages.

Or, you could show charts like this.

Some chart options available with Banana.

It wouldn’t surprise me if this is the first sentence you read in this article. That’s because the visualization immediately captures our attention. If you’ve automated workflows with frevvo, your data is already digital. Data visualization is the best way to present your data.

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Posted in HR Automation

25+ HR Automation Stats You Should Know

In the 21st century, companies must fight to stay competitive. Yet, too many companies are overlooking the most effective way to do so — automation. Many of HR’s most important processes are time consuming, paper-based, inefficient, and costly.

In fact, According to an IDC survey, The Document Disconnect, over 80 percent of business leaders surveyed agreed that problems “arise because they have different internal systems/applications that don’t ‘talk’ to each other.” Clearly, this is an issue that needs to be solved fast.

Modernizing these HR functions will give your company a huge advantage. Since HR automation software is becoming necessary and more common, here are some important statistics to keep in mind as you make the switch.

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Posted in Procurement Automation

4 Top Procurement Technologies for the 21st Century

In part 1 of this series, we discussed the latest trends in procurement for the 21st century. Building upon that, we’ll now highlight some modern digital procurement technologies and help you choose the right ones for your organization.

As more organizations are leveraging procurement technologies to increase operational efficiencies, reduce costs, and respond to market demand, it’s no longer an option to ignore the various digital transformation tools if you want to stay competitive and improve profit margins.

However, with the many solutions on the market, choosing the right technologies can be quite a daunting task.

To get the most of your IT budget, you should first devise a clear digital transformation strategy to guide the selection of technologies for your organization.

Here are some tools to consider based on the latest trends in procurement technologies:

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Posted in HR Automation

How to Automate the Employee Timesheet Approval Process

Timesheet approval has been around for years. Punch cards, clocking in and out, ID forms, paper forms, Excel — we’ve seen every variant.

But, these processes are tedious, and HR departments struggle to manage them. They must organize, deal with, and approve timesheets for dozens or even hundreds of employees at the same time.

In today’s business world, these old-fashioned methods are too time-consuming and waste company time. Optimize your company for the 21st century by automating long, manual processes. 

The timesheet approval process is simple, relatively frequent, and time-consuming. It’s a perfect candidate for automation.

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Posted in Procurement Automation

8 Top Procurement Technology Trends For the 21st Century

Recent advances in technology have created profound impacts on many businesses activities. In particular, digital transformation is rapidly changing back-office operations such as supply chain management and procurement. Digitally transformed organizations increase efficiency, lower cost, and adapt to fast-evolving customer expectations.

To stay relevant, competitive, and profitable, businesses need to keep pace with new technologies. Procurement is no exception. New technologies facilitate e-procurement, contract repository, supplier performance management, spend analysis, supplier information management, AP automation, business networks, contract authoring, and more.

Today, the kinds of software, hardware, and peripherals available has exploded. It’s not always easy to identify the right technologies in which to invest so you can maximize the ROI for your IT budget.

To get the most out of the latest technologies, you must first understand the top trends that are impacting the procurement process. That will help you select the right tools that meet the needs of your organization.

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Posted in Workflow Automation

How to Streamline Your Business’ Document Workflows

Manual document processing is on its way out. 

Nowadays, 72% of organizations use at least some digital document management processes to streamline workflows and increase efficiency.

Unlike your manual documentation workflow, a well-organized automated workflow built with robust software is fast, accurate, and reliable. Not only that, but you can guarantee compliance and streamline remote working.

If you’re unsure how to optimize your business’ documentation workflow, you can follow this step-by-step guide and enjoy quicker, more streamlined document processing.

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