By: PACManager Admin

Business Process Automation

Business process automation has been advancing with digital technologies for years now, leading many traditional industries and businesses to adopting digitization and business process automation for their day to day operations. This has led many companies towards focusing on their core business operations and automating things wherever they can for efficiency and scale. The market for business process automation is growing quite rapidly. In fact, statistics show that the global market for business process automation is expected to reach 11.2 billion US dollars globally by 2020.

Now let’s explore some of the latest emerging trends in business process automation software:

1. AI for Business Recommendations:

Dealing with data from multiple sources can be difficult, especially if you’re not equipped with the real-time data. Business Process Automation systems are designed to provide an integrated data source with all the real-time data collected and analyzed for key business objectives. The data patterns are automatically discovered by machine learning and AI systems. These systems are able to make recommendations for the management to optimize their operations. For example, these systems are able to predict requirements for procurement, resource utilization, project outcomes, and product/service recommendations for ecommerce portals. When it’s time to make difficult decisions that require complex analysis, these systems are highly recommended. The advanced business process automation is geared to provide key insights to the various teams that can lead to improved performance and learning.

2. Automated Workflows:

There is substantial evidence that suggests company performance improvement using Business Process Automation can positively impact your company as a whole. The automated workflows and business processes can lead to improved efficiency, timely actions and better results. For example, any sales person(s) using automated tools for managing their sales proposals are able to organize their work better. In addition, they are also able to manage their leads and proposals effectively using Business Process Automation tools. The Business Process Automation software also has workflow configurations to notify the key personnel like the management, clients and teams for taking the actions required. The invoicing payment reminders, quotation follow-ups and pending approvals can be automated using Business Process Automation software as well.

3. Employee Engagement and Gamification:

Managing a modern workplace can be a challenging task. A study by Gallup Organization points out that nearly 70% of the workers are disengaged. It’s for this reason that using business process automation tools can be very helpful with employee engagement.

The business process automation is introducing advanced workflows, gamification for competitive analysis, collaboration and rewards for employees. For example, the average time to complete certain tasks is provided to the managers to benchmark the performance of their teams. The teams are constantly being awarded points for getting things done, while their managers are apprised of their performance in real-time. It introduces quick and timely feedback so that corrective measures can be taken and results in high productivity. The onboarding, performance management of employees and working with remote teams are also well organized by using business process automation tools.

The market for Business Process Automation remains expansive and ever growing. There is a great demand for value added technology to drive organizations with efficiency, ease and scale. The advanced Business Process Automation software packages are doing that by managing operations, streamlining processes and helping organizations grow to greater heights. More and more organizations are looking to tap into the power of digital technologies for running their operations.

The ability to access information from multiple data sources in real time is an important component of your business structure. PACManager can provide these features, plus so much more. Give us a call today for a free, honest and unconditional discussion and we’ll be happy to help however we can.

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