Automation nowadays is synonymous with productivity, so if you’re still thinking about automating your business – think no more!
Increasingly more entrepreneurs from around the globe started to realise the potential of fully automated business operations in terms of productivity and efficiency. And this is only encouraging – employees can finally handle dozens of tasks relatively quickly, and employers can focus on the core of their business.
More often than not, it’s challenging to navigate through crucial and menial duties; unfortunately, all of them must be carried out. So, employers can’t just uncheck a task from a list as if it was never there. So, is there any solution to complete all work while saving time and energy? It surely is! Automation is the answer to a smooth and fruitful business running.
You’ll convince yourself of this after reading these top benefits of automating your business below:
Minimize the Amount of Time Spent on Administrative Tasks
According to LinkedIn, small to medium enterprise (SME) possessors and executives spend an average of 16 hours each week doing administrative duties and tasks.
This is a bit concerning, given that it’s almost half the average working hours per week. Indeed, these tasks can’t be eliminated, as they represent an essential part of the company’s operation, but the time spent carrying them out can! Automating and streamlining your workflow may be the best decision you can take for your business.
Think, for example, about the finance team that has to spend a ton of time managing finances, including accounting, preparing and forecasting budgets, scrutinizing financial reporting and statements, approving purchases, and handling invoices. This is a lot, but imagine there’s something that can execute all these tasks in a single and safe place – accounting software.
Software for accounting is nothing new under the sun, but it’s undoubtedly a revolutionising tool that more and more businesses worldwide have started to implement. Some of the most significant advantages of such software include the following:
- Generating reports
- Streamlining tax filing
- Reducing errors
- Making it achievable to share financial information
- Saving time and money
- Organising records
Even small businesses can confront an abrupt flow of communication between departments, especially when there’s no automation system in place. So, if you often find your teams barely communicating, it’s time to take action. Suppose a client contacts someone from the service departments as regards tech support. Your employer helps the customer in this sense, but after a few days, they come up with the same issue. Unfortunately, you don’t have a clear history of the event, and why the problem persists, so you don’t know how to help your client.
An automation system will know if the tech team addressed the problem and how they did it, so it would be much easier to examine the situation and find a solution to help the customer in need. There’s an update of each client interaction and conversation under one system, so it becomes pretty clear how helpful automation can be for a company to handle customer service. And this is only one of the few examples in this sense.
Greater financial insights
Integrating analytics into your business operations is one of the best strategies to have a clear and complete picture of your finances. Understandably, you sometimes lose sight of how much profit you’re making or the direction your money is going since you have so much on your plate. Well, now you can keep all the valuable information in a single place – finance management software. Plus, sensitive data is properly secured so that in the event an intruder tries to get their hand on your most valuable information and assets, they have a minimum to no chance.
Taking care of your corporate data is crucial these days. Living in the digital age has many advantages, but there’s also some not-to-be-ignored disadvantages, and being constantly exposed to data theft is one of them. Companies are usually targeted by cybercriminals, as they hold a large amount of precious information, such as customer bank account details and insights into the different marketing strategies used to stand out from competitors.
It might seem impossible at first for someone aiming at compromising your small business, but you’d be surprised by the number of hackers out keeping an eye on each vulnerability your company can express. So, you’d better secure your corporate assets and data properly using an advanced storage solution, such as cloud storage. Specialists from DataBreachLaw.org.uk advise on the risks of such a cyberattack and recommend getting in touch with a professional lawyer if it ever happens to fall victim to a data breach.
As we alluded to previously, teams spend an average of 16 hours weekly completing administrative tasks, which is not only a lot of time but also a lot of money. There’re situations where employers are so busy doing this tedious work that you’ll be forced to outsource in order to get the other tasks done. It goes without saying that extra costs are at stake. Automation can free up the money spent on repetitive tasks without affecting work quality, so consider this investment.
A practical way to get started is by installing project management software. Such a tool can allocate tasks to key stakeholders, monitor progress, enhance communication, and set deadlines, and it does so in one single place.
Increasingly more employees, especially those coming from the Millennial and Gen Z cohorts, have started to expect business automation. According to Forbes, the main three tasks they expect to be automated are data entry, navigating legacy systems, and business communications.
So, it’s no surprise that your laborer will be happier if you provide them with the necessary work conditions and ease their job with proper technology so that they can focus on more challenging and exciting work. Inevitably, you’ll retain top talent and boost your business productivity.
Implementing technology in the workplace is no longer an option – it’s a necessity, particularly if taking into account the many challenges one can encounter when performing tedious and repetitive tasks.