Purchase orders (POs) play a vital role in every organization, whether it’s a university ordering library books, a company procuring raw materials for manufacturing, or an agency purchasing services from a vendor.
POs are also one of the most admin-heavy business processes. They’re prone to errors, bottlenecks, lost paperwork, unnecessary back and forth, and maverick purchases.
This can lead to incorrect deliveries of goods and services, delayed orders, overspending, and even outright fraud if purchase order tracking systems are not in place.
Continue reading “Automate Purchase Order Tracking in 3 Steps”
It’s no secret that automation can improve business process efficiency and effectiveness by speeding up operations, cutting back on costs, and reducing errors.
But where do you start when it comes to automating the processes within your business?
Read on for a guide on how to automate various processes within your company for maximum efficiency.
Continue reading “The Ultimate Guide on How to Automate a Process”
With the increasing popularity of remote work, the demand for electronic signatures (“eSignatures” or “e-signatures”) has skyrocketed. Employees may be working from home but businesses still need to continue operations and obtain properly signed documents.
They must still sign off on purchases, onboard new hires, and approve invoices. With e-signatures, users can easily sign electronic documents online using their mouse, stylus, or touchscreen device. Businesses can still enforce corporate policies and proper governance.
Electronic signature software also speeds up these everyday activities since there’s no need for printing, signing, scanning, and filing. Managers can even electronically sign off on a PO or new hire using their mobile device at any time and from anywhere.
But are electronic signatures legally binding? In this piece, we’ll tell you everything you need to know about whether your e-signature is legal or not.
Continue reading “What Makes Electronic Signatures Legally Binding?”
Over half of all organizations say that manual accounts payable (AP) processes are inefficient.
Not just that, but 16% of organizations admit that they experience fraud issues associated with manual accounts payable processes.
Rather than struggle with slow, error-prone AP workflows, companies switch to accounts payable automation solutions.
Continue reading “Accounts Payable Automation Examples To Improve Your AP Process”
If employees frequently travel for work, they’ll need to submit expense reports to receive a reimbursement and comply with travel policies.
Keeping track of expenses that employees incur is vital to managing your cash flow. It also allows you to properly reimburse your employees for any expenses they make.
But any missteps in this process could lead to problems — inaccurate claims, unclear policies, and even fraud are common expense reporting issues that organizations face.
Continue reading “A Complete Guide to Expense Automation”
Manual tasks like data entry routing aren’t just tedious and repetitive — they take employees away from more engaging work. Employees waste valuable time when they fill out forms and chase down their managers for signatures.
So how can you streamline these tasks and ensure that you (and your employees) don’t get bogged down by monotonous activities?
The answer is workflow automation.
If your organization is still doing things manually, it’s time for a change. Automating business processes increases overall productivity and eliminates tedious tasks.
Continue reading “A Complete Guide to Workflow Automation”
It’s no surprise that over half of business leaders are showing an interest in workflow automation.
After all, 74% of business leaders and employees believe segments of their jobs could be automated.
Not only would this speed up workflows, but it would also reduce labor costs and increase workflow scalability.
Continue reading “6 Business-Boosting Benefits of Workflow Automation”
Employees spend (and waste) a lot of time on repetitive tasks — routing documents to approvers, entering data into spreadsheets, searching for files, etc.
A process that should only take a few days to complete ends up taking weeks or longer. If your business is still doing things manually, it’s time to modernize your processes.
This is where business process automation or BPA comes in — using technology to automate processes in your organization.
In this article, we’ll explain what business process automation is and how it improves operational efficiency. We’ll also look at ten real-world use cases for BPA.
Continue reading “10 Business Process Automation Use Cases”
Whether you’re managing them or not, every business has processes.
The problem is that if you’re not taking control over how you manage those processes, you won’t be able to spot the blockages in your pipelines.
The result? Extra costs, unexplained delays, and repeated errors.
If these issues sound familiar, it’s time to take control.
Continue reading “7 BPM Best Practices You Can’t Ignore”
Most businesses could stand to improve their processes.
It’s not that businesses are purposely choosing to run ineffectively, they just don’t realize where they could boost efficiency.
For example, most organizations don’t realize that at least a third of activities for 60% of jobs could be automated. Just imagine what your company could achieve with all that extra time.
To understand where you could streamline operations, you need to dig into the different processes at play within your firm.
Continue reading “6 Business Process Improvement Examples to Boost Efficiency”