8 business processes to automate today
As companies need to beat tougher competition in the market, many are now focused on speeding up and making their processes cost-effective, while maintaining quality. However, some are still uncertain as to which part of their operations needs a revamp.
To help businesses, Monstarlab Philippines’ RAX team has prepared the following processes that are good candidates for automation:
1. Processes involving multiple systems
Entrepreneurs may check which tasks require interaction with multiple applications, including data transfer. Cases such as order fulfillment can be streamlined using robotic process automation (RPA) as it includes order entry, inventory checks, and shipping coordination across several systems.
2. Processes with consistent inputs and outputs
Software robots have been known for handling consistent and predictable inputs and outputs as they deliver faster and more reliable results. Businesses that require the creation of weekly sales reports can tap RPA since their formats are consistent.
3. Tasks that demand accuracy
Human employees managing mounting data can be exposed to errors, making business leaders vulnerable to bad decision-making. With RPA, businesses’ compliance checks and financial reconciliations are crucial to business operations and should be automated.
4. Processes requiring consistent execution
Repetitive tasks, especially if done manually, are not only a burden to human workers but can also be barren for the overall health of the business if not automated. Investing in RPA makes sure uniformity in execution from start to finish. For instance, automating the execution of Standard Operating Procedures (SOPs) in manufacturing helps maintain consistent quality control while ensuring compliance with regulations.
5. Time-sensitive processes
Regulatory filings and payroll processing are also fit for RPA to avoid any delays.
6. Processes that are well-documented processes
Activities that are clearly established, such as tracking and resolution of IT incidents, can be smoothly automated as they have defined steps.
7. Processes with high error rates
No one wants to manage an operation plagued by mistakes and inaccuracies—as it may only lead to unnecessary expenses. Leaders must evaluate which processes have been recording errors due to manual handling, and make them candidates for automation. For example, automating the reconciliation of financial transactions between bank statements and internal records can help eliminate discrepancies and improve accuracy.
8. Expensive operational costs
Processes that involve significant manual labor and are resource-intensive can be assessed for automation to enhance operational efficiency. For example, automating the procurement process, from purchase order creation to supplier payment, can streamline operations and reduce the time and resources spent on repetitive tasks.
Schedule a meeting with the RAX team and learn how to effectively deploy automation.