Did you know that overheads burn your business profits? It’s only logical for business owners to focus on reducing overheads, as 10 percent overhead costs reduction means 10 percent more profits. Unfortunately, overheads are simply unavoidable.
With businesses working hard to juggle relationships, processes and tasks, can you and your team really manage them by spending more working hours? The answer is no. Why? It’s mainly because time is the most important resource, one that can be exhausted very quickly but can never be retrieved; you need to use it wisely, e.g. planning and directing the company.
The good news is, you can manage your business process better, in such a way that you can reduce operational overheads. That is precisely why workflow automation is becoming the order of the day.
What is workflow automation?
Very simply put, it is the automation of work processes, making the tracking and handling of tasks simpler for individuals and teams. Contrary to common and widely held belief, workflow automation is not meant to replace workers. The objective rather is to let enable team members focus on the right work at the right time while giving them a holistic view of the entire process.
To better understand the concept of workflow automation, here’s a very helpful video:
What does workflow automation do?
It mainly enables you to plan out your work in terms of individual tasks and team goals and tasks. As a planning tool it breaks down a task into sub-tasks and gives all team members an idea about what the entire process looks like while understanding what their role in it is. Automated workflows also let managers and administrators apply “best practices” to formal as well as informal projects that come up during the course of work.
Some projects are similar to other projects in certain respects. For instance approvals and reviews are common to all projects and involve processes where things have to happen in a certain order. A simple automated workflow that reflects those “common” processes can save much time and confusion.
How does workflow automation help improving profits?
Automated workflow software equips team leaders, entrepreneurs, and project managers to easily and quickly control performance and flow of work by automating how individual tasks are assigned, tracked, prioritized, and updated.
With the streamlining and automating of the whole process, the potential loss of information is minimized, which in turn improve accuracy and turnaround time, thus reducing the unecessary costs generated during the course of the workflow.
And we all know that reduced costs mean increased profits.
Applications
Workflow automation has wide application and can be incorporated in to the following areas of work:
- Execution of marketing campaigns
- Software development
- managing fund flow
- recruitment and placement
- office management
- handling support or helpdesk tickets
How do you acquire workflow automation tools?
A number of solutions can help with workflow automation. Comindware Tracker is one such tool to that can help you to put things in place and avoid loss of time and effort. Investing in workflow automation helps firms to avoid:
- Confusion with regard to priorities
- Disruption when working on new/informal projects
- Missing deadlines
- Overshooting budgetary limits
- Lack of integration in team work.
All of which can prove to be very costly in terms of money and image for an organization.
Takeaway
Investing in workflow automation tool like Comindware Tracker that enable you to delegate work and lead with ease and responsibility without being too bogged down by manually planning and delegating will pay off in the long run.