Employees spend an estimated eight hours a week working inefficiently. Things like reworking a task and searching the web or intranet for information take time away from important work.
As a result, more companies are undergoing digital transformations. They’re turning to solutions like workflow software and robotic process automation (RPA) — using software “robots” to perform basic and repetitive tasks.
If you’re not already leveraging these solutions, you’re missing out on opportunities to boost productivity across the board.
In this article, we’ll look at how workflow automation can help you manage and advance automation initiatives at your company. We’ll also look at automation initiatives that you can get started with today.
In a small business, you can get away with having a mix of different tools and workflows. In spite of poor systems, it’s usually easy enough to collaborate with a low number of employees and clients.
But once your company grows and you have entire teams and departments dedicated to specific business processes — like sales or customer service — a lack of integration can lead to severe inefficiencies.
For example, suppose your support agents use a helpdesk completely separate from the CRM your account managers use. In that case, both sides lack any true insight into the journey of every customer they interact with.
Workflow integration can help you avoid these issues, eliminate inefficiencies throughout your company, and streamline the customer experience.
In this article, we’ll explain what workflow integration is, showcase examples, and guide you through the process of integrating workflows in your own company.
It can be devastating to hear when a key vendor goes bankrupt. Unfortunately, vendors may shut down for various reasons, which can hamper your own operations.
The next immediate step then is to find another vendor.
But do you have a process in place to source vendors? Does the purchasing team know what their roles and responsibilities are?
To ensure minimal disruptions to your operations, you need to plan for contingencies like vendor bankruptcies.
This is where a procurement plan comes in.
In this article, we’ll explain what a procurement plan is and why you should create one. We’ll also cover the steps to creating one for your company. Finally, we’ll look at how you can automate your purchasing processes with frevvo’s procurement automation software.
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Payments are, obviously, an integral part of supplier and vendor relationships. If you pay too late or get an amount wrong, you could end up with high penalty fees or even having to switch suppliers as you’re trying to complete a customer order.
A robust accounts payable process helps you stay on your supplier’s good side and gives you a better overview of your company’s cash flow at all times. You also protect yourself against fraud from parties posing as vendors.
In this article, we’ll break down the accounts payable process, its importance, and common challenges. We’ll also look at how you can streamline it with process management software.
Procurement plays a vital role for every business. Companies need to procure goods and services to continue operating.
However, poor procurement practices and inefficient processes can result in slow approval cycles, missed payments, higher costs, and even instances of fraud.
An effective procurement management system can help you address these challenges.
In this article, we’ll take an in-depth look at procurement management, including what it is and why it’s important. We’ll also cover the steps in the procurement process and how you can use frevvo’s automation software to automate them.
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