Day-to-day operations can always be optimized. When you are creating a business plan for the company or a new product, reducing administrative friction is “best practice”. Back in the day, logistics companies didn’t leverage GPS devices and track software that optimized their routes throughout the day. They used to fill out waybills on paper instead, using a finite set of receipt numbers. This was carried over into accounting and days were spent merging them before the end of the month.
Accounting used to be handled on paper by hand. Due to the lack of video conferencing and presentations, sales presentations were led over the phone or on-site. Eventually, new technical solutions emerged that solved day-to-day processes reduced the error rate of manual mistakes, simplified calculations and designed predictions.
Why is it important to Automate Business Processes Workflows?
Improves Existing Manual Processes
An iterative approach can be cheaper and quicker to go live than building end-to-end solutions that automate whole parts of your business, such as finding a manual process in which simple tools are inserted to make that process quicker. As these tools become increasingly sophisticated, you may organically evolve to a fully automated process over time. — David Murray, Doctor.com
Reduces Operational Costs
Automation helps small and medium-sized enterprises (SMEs) more than giant companies because SMEs do not have a lot of human power to delegate tasks to, as a small team handles most of the jobs. Reduced human errors also mean that the cost of production significantly decreases. The greater the rate of error rate, the higher the cost of rectification. A small misconfiguration can expose a company’s vulnerabilities to attackers or disrupt business processes.