Workflow management has evolved significantly in the digital era, and this applies to virtually every aspect of business. Accounting, information sharing, project management, collaboration and other fundamental pillars of operations can be dramatically improved when overhauling workflow through the use of automation and cloud-based software. Many companies have already started to digitize and automate their workflows, and the results are staggering.
Let's take a look at some of the ways in which businesses that have not started to automate transactions, business processes and other elements of workflow can set themselves up for success through the right types of technology.
"Businesses must ease into workflow automation."
Information Management recently published a blog post from contributor Joseph Hanania regarding his recommendations on how to get moving on a workflow automation project, as well as why the time is now to get do so. According to the author, leaders will want to take a patient approach to these matters, especially given how sensitive many of the workflows and processes that are being automated will be, choosing to tackle on specific task at a time rather than trying to do everything all at once.
By monitoring outcomes on a case-by-case, targeted basis, businesses will be better positioned to understand what is working for them and which types of changes could be made to make the next automation project go more smoothly. Hanania explained that while there certainly needs to be a certain level of leadership sponsorship and championing when these projects are enacted, nothing beats a team-oriented approach. Everyone who is involved in each element of workflow should have some say in the matters, with end-users guiding projects in the big picture.
Because everything is changing so quickly and technology remains in a state of rapid transformation, he went on to note that flexible solutions should always be chosen when making investments into these solutions. By implementing tools and technologies that will seamlessly adapt to evolving corporate objectives and market conditions, companies will be far better positioned to not only excel following the initial deployment, but for years to come. One of the bigger decisions involved in the selection of technology is whether it will be hosted internally or in the cloud.
Accounting Today reported that cloud computing, notably software-as-a-service, is the future of accounting technology and management, and that businesses need to focus on expanding their investments into such solutions in the new year. The news provider pointed out that cloud-based accounting is now present in just under 80 percent of small businesses, more than 85 percent of large enterprises and just over 70 percent of mid-sized companies.
Because the cloud enables the interoperability, flexibility, speed and cost effectiveness necessary to enjoy optimal accounting workflow and process automation, it is increasingly hard to make the case for on-premise, legacy-based systems. As a result, organizations of all sizes that want to gain the true power of workflow and process automation should be working with a managed service provider that can help them to adjust to the new era of technology, and migrate into the cloud.
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