Workflows, transactions and business processes have all become more digitized and automated in the past few years, with leading organizations finding ways to streamline these activities through more centralized technologies. What's more, this has largely assisted in bolstering the efficiency, security and speed of document management, allowing companies to focus their efforts on more strategic matters rather than daily, repetitive tasks.
TechNavio forecast the global workflow management systems market to experience significant growth in the coming years, expanding at a compound annual growth rate of 28.77 percent between 2014 and 2019. The researchers pointed out that these modern solutions will automate a wider range of processes that take place both within and outside of businesses. Should leaders drag their feet on investing in and deploying these types of solutions, they might be at risk of losing ground to their competition.
More reasons to hop aboard
CIO Magazine recently explained some of the ways in which IT automation technology is beginning to transform businesses and public sector entities, affirming that there have been many examples of successful deployments in the past couple of years. According to the news provider, county governments have been active in working to automate their processes, IT management frameworks, workflows and more in hopes of boosting transparency and lowering expenditures.
Considering the fact that local, state and federal governments have been under pressure to improve their budget utilization, it only makes sense that these tools are becoming more prominent across the country. CIO Magazine went on to offer a few of the core advantages that businesses will enjoy following the proper implementation of automation solutions, including the fact that employees tend to perform better when the technology is in place.
In that same vein, experts and analysts have long asserted that automation's best use in the IT department and throughout business process management is as an assistive measure, rather than being used to replace the workforce. Furthermore, CIO Magazine added that enriched automation can help strengthen the accessibility of core systems, drive digital transformation efforts and ensure that the IT department and business at large are optimally eco-friendly.
Where to begin
When working to digitize and automate workflows and business processes, leaders will want to first ensure that their document management frameworks are performing as well as possible and prepared for the overhaul of other systems in the organization. Should document management policies and practices not be aligned with the demands of these advanced automation technologies, problems might begin to arise related to accessibility, outages and information control.
With the right solutions in place, modernizing BPM, workflows, transaction processing and more will be a relatively straightforward endeavor, especially when the adopter leverages the support of a reliable and experienced service provider. Looking forward, it is imperative that these projects be launched and completed in a timely fashion to maintain relevance in the markets of the future.