Limited insight into how managers oversee employee output can result in fines, harm to productivity and your organization's reputation.
A simple formatting mistake can cost your company millions, such as Fannie Mae’s infamous billion-dollar mistake in its quarterly results. Technologies such as robotic and digital process automation can eliminate the “swivel chair integration” caused by manual missteps.
More than 70% of business leaders say they have made a major business decision based on inaccurate financial data. The majority attribute the cause of the error to a manual reporting error.
3 out of 4 business leaders say that business transportation email list automation frees up 3 hours of work per day, or more than $4 million in annual savings for a company of 500 people.
Managing processes the “old-fashioned way” seems simple if you’re a solopreneur or small startup. But when you add projects, clients, and employees, manual processes quickly get out of hand. The breadth of responsibilities a manager has to handle requires an effective business process management solution . Here’s how automation can empower your organization and avoid the fallout of a manual approach.
Lack of repetition
Management is both an art and a science. Many professionals fall somewhere on one end of the spectrum. Some are outstanding mentors, able to motivate and inspire their team—an invaluable asset to your organization. But managers who lack a natural knack for the practical side often lose track of essential tasks. They miss out on critical details.
Knowledge loss is another drawback of manual management. When a long-time executive leaves the organization, he or she takes a wealth of leadership information with him or her. Without a record of the discrete steps that underlie each process, entire processes are lost.
Process automation sets tasks in stone, giving people an irrefutable codex on how to accomplish whatever falls under their responsibility. They can see how previous winning teams have accomplished their critical tasks, review a detailed checklist of steps, or dive into audit records to find more efficient paths. Plus, automated workflows operate without interference; a change in leadership never disrupts the progress of the most important things.