If you’re still using manual processes for your business operations, you could be losing significant earnings potential. By automating your processes with Enterprise Resource Planning (ERP) software, you can maximize efficiency and capitalize on new opportunities for increased Revenue.
Let’s look at how can ERP process automation help you save time and money while increasing your bottom line.
Inefficiencies in manual processes
Manual business processes frequently lead to errors and inefficiencies that can severely impact your business—for example, spending valuable time on manual operations, such as data entry, inventory update, or tracking data, instead of investing it in productive tasks that bring value to the company. Manual processes can also lead to data inaccuracies that can have costly long-term consequences.
Automating business processes with ERP software can help you increase efficiency and ensure real-time data accuracy and optimized operations.
The real cost of manual processes
Manual processes operation can result in significant revenue loss for your business in terms of lost time and resources required to remedy the errors.
- Duplicated Data
Manual processes often lead to the duplication of data. For example, your project management software may contain financial information for each project your business undertakes. At the same time, your financial department also has the same data in its separate financial database.
Your business is probably paying for storing duplicate data. So you’re paying twice the price for the same data stored in two different datasets.
- Increased Labor Costs
The time spent on manual processes can eat into your bottom line. Manual entry slows processing speed, so you may have to pay more to fix errors, re-check documents, or re-count a pile of products. The size of your staff also has to scale alongside processing demands. Automation helps eliminate manual processes, which in turn, allows you to retain a small team even when the workload increases.
- Slow response to market changes
In business, organizations must adapt quickly to market changes and customer needs. Slow or inefficient processes negate this ability, negatively impacting the business’s agility and scalability. Being slow to respond to customer and market directives can cost the company its customers and growth opportunities.
Relying on manual processes may make you miss out on potential income opportunities. Automating business processes with ERP can improve your business efficiency, help reduce costs, and increase Revenue.
How to get started with business process automation?
The first step in automating your business processes with ERP is identifying which manual processes can benefit from automation.
Regularly performed repetitive tasks that require a lot of resources,multi-touch-point workflows, and time-sensitive processes that require compliance assurance or security-related procedures are usually at the top of the list.
- Outline your operational business goals and set up metrics
Look for ways to streamline specific processes. Identify and prioritize tasks to automate according to how much they will drive short-and long-term business goals forward.
- Work gradually
Set up a process diagram and start working in small steps- start from simple, repetitive tasks with many opportunities for time and cost savings, then move forward to staff onboarding.
- Deploy automation
Use tools to turn on the automation on previously identified and prioritized processes. Automatically pull information into the process and ensure data accuracy.
- Improve on the go
Monitor the previously set up metrics, determine the automation effectiveness, and customize the process as required.
Finally, Ensure that you have a professional team to oversee the implementation. Implementing organization-wide process automation will change how you work and affect your organization’s culture. Ensure you have a team to oversee the implementation and provide users with guidance and training.
The benefits of automating with ERP
ERP Automation is necessary to expedite processes and enhance communication between stakeholders. It eliminates manual tasks and uses software to execute business strategies. Modern enterprise resource planning (ERP) solutions offer automation features supporting streamlining and speeding up processes and tasks. In addition, companies can significantly reduce the workflow cycle and quickly achieve business goals.
Improves internal system communication
An ERP with a well-integrated or in-built workflow automation module ensures that DevOps does not have to face the issue of siloed data resulting in repeated information requests, unnecessary delays, and internal organizational conflicts.
Improved IT network administration
Workflow automation brings together cloud operations and network administration. Workflow automation helps deploy, manage, and monitor network services across the organization and adds a layer of security and communication that streamline IT administration.
Workflow automation features integrated into the ERP system ensure a single point of truth and synchronized data across devices, resulting in improved IT network administration and fewer security-related threats.
Workflow automation features enhance business process management (BPM), which is related to workflow automation and help organizations structure their processes efficiently. Workflow automation modules are based on BPM best practices, enabling organizations to operate orderly and achieve their strategic goals.
Choose an ERP with in-built workflow automation.
Organizations increasingly understand the importance of integrating automation features into their ERP. Modern ERP solutions like Priority have built-in workflow automation features that help streamline various business processes and fully utilize advanced capabilities to enhance your business productivity.