Business Automation and Software Blog
There are many aspects that go into establishing a successful business. While areas such as marketing, product development and customer service are important and crucial parts of any business, companies wishing to continue to grow and succeed need to focus on creating and maintaining an effective budget. From determining year over year expense and revenue, to identifying when to hire more staff or when to increase sales to make a profit – it all begins and ends with your company’s budget.
Topics: business process automation
Many organizations are losing more money than they realize through lost productivity and redundant tasks. It may be a good idea to perform a thorough assessment of your company’s manual processes and the time your employees are spending on them in order to evaluate your needs. This is an important step in calculating the savings that can be made through business process automation. The costs associated with defining, scoping and implementing a business process management solution will be quickly defrayed as the savings is quantified.
All companies rely on Business Process Management (BPM)in order to run their operation effectively. These business processes are generally made up of a series of repetitive tasks performed by employees. This includes anything from ongoing reporting, authorizations and approvals, to manually tracking stock levels, contract renewals and key performance indicators.
Spreadsheets are an amazing tool that are simple to use and readily accessible.
In the past, print was merely a function of the work environment. The philosophy that prevailed was to buy inexpensive print solutions that provided convenience. Information was printed and filed away in the proprietary system you devised. Unbelievably, that filing system you came up with probably caused you to reprint items you just couldn’t locate or worse, recreate the data when no trace of the original content could be found.
In business, we all know that planning, creating and maintaining a budget is crucial to our growth and success. From determining year over year expense and revenue, to identifying when to hire more staff or when we need to increase sales to make a profit – it all begins and ends with our budget.