There is a very famous saying, “Every
great thing comes to an end one day.” Same goes true with the various business
solutions and the changing technologies as well.
When there is a change in technology,
it brings along excitement for the end users. Continuous innovations lead to a
transformation in technology every few years. And then what? Businesses are
forced to adapt to the new technology if they want to be in the competition.
In such an environment in the market,
businesses need more robust, more promising business solutions, which can stay
with the company in the long run. Not like Enterprise Resource Planning (ERP)
business solution, which has lost its importance with the time it has started
to fade away. The BPTrends report would confirm that ERPs, BPMs and
other old business solutions “enjoyed periods of intense attention and have
then receded” gradually.
Value Creation Automation (VCA) can be
one such automation solution, which is both promising and robust. It not only
transforms the business operations and its functioning but also helps companies
in its holistic evolvement.
Business Leaders Still Find ERPs Challenging to
Implement
Enterprise Resource Planning (ERP)
business solutions hit the business world somewhere around 90’s and in the
prevalent business scenario, it can’t be of much use to the business firms.
It is still time taking and costly and
was also considered to be performing below the expectation level. ERPs are
limited to integration of departments, data and some of the back-office
tasks.
When implementing Enterprise Resource
Planning (ERP), it needs human intervention. While selecting the processes or
departments that have to be integrated or while setting up the goals; ERPs did
not perform automated function. Even to integrate the data, manual intervention
is required. Therefore, ERPs can lead businesses to an increased rate of error.
Although, ERPs added to the
functioning of businesses in those days when mechanization was stepping ahead
to embrace technological advances, but implementing ERP solutions always
remained a challenge for the business leaders.
Such challenges forced the business
leaders to gradually embrace and adopt the technologically advanced business
automation solutions like Value Creation Automation (VCA).
What is Value Creation Automation
(VCA)?
Value Creation Automation or VCA is
one of the advanced business solutions that can help business leaders in making
their company operations robust and efficient. VCA is one-of-a-kind business
automation solution that is best suited to business organizations of all size
and which wants to sharply cut on their operational cost.
VCA means complete business process
automation and not just a part of business processes. Unlike ERP, CRM, and BPM
business solutions, Value Creation Automation is designed to give businesses an
end-to-end solution, right from ideation to the delivery of products and
services to the end user or to the customers.
VCA not only combines the power of various older
business solutions like CRMs, BPMs, and ERPs but can be worth exploring by the
business leaders in order to harness maximum benefit from their businesses.
What Gives VCA an Edge Over ERPs
There are multiple factors that make
Value Creation Automation (VCA) superior to older business solutions like ERPs,
BPMs, and CRMs etc.
VCA is not completely guided by the
humans, rather it guides the workforce in companies. It enables the business
leaders with the power to predict and analyze risks and hence give them an
enhanced decision-making ability.
Even more, it results in the reduction
in human intervention, which ensures that there are no mistakes made.
Therefore, automated platform ensures that time, money and effort or the
resources are not wasted in completing the same tasks again and again.
Moreover, tasks that are repetitive in nature gets automated and are completed
at an incredible speed.
Value Creation Automation (VCA) works
like a co-worker, which takes care of tasks that involve high risks and thus
keep the company workforce safe. On the other hand, it also saves much of the
time for the employees, which encourages them to put their best effort while
performing various tasks in the company. Christopher Stancombe, Head, Industrialization,
and Automation in Cap Gemini, in a news report talks about automation, “We are seeing
that it is releasing people’s time to enable them to do other things.”
once incorporated and implemented, VCA
directs the workforce through the entire business workflow. Organizational goal
is set, resources undergo optimum utilization, standardization of work is
created; time and budget against each task are allocated - every single process
can be automated through VCA. Entire business processes get automated, which
leads to maximum productivity in less time and also results in the increase of
profit margin to a great extent.
In between the production processes, these
advanced business automation solutions also integrate the different departments
in an organization. Be it Finance, Administration, HR, Inventory, Supply Chain
or any other department for that matter - each of them can be empowered by the
advanced technological solution of VCA. Generation of bills and invoices,
receiving and making payments, preparing payrolls every cycle, taxation,
business auditing etc. - most of the businesses activities gets automated.
VCA successfully records every data in
detail and therefore, calculations always go right. Preparation of financial
reports and analyzing business’ behavior become hassle-free. In other words, the
business leaders can be more creative and effective while taking business
decisions.
ERPs were not designed to perform such
actions and that is why it is considered to be an underperforming business
solution by many companies. Business Solutions like Enterprise Resource
Planning could never eliminate the inefficiencies in businesses because they
did not have potential to offer an end-to-end solution like VCA.
VCA is Meant to Stay with
Businesses in the Long Run
VCA has been designed with an inbuilt
development mechanism that allows it to keep the business systems updated with
the latest changes in technology. It means that, with VCA, a business system
will not have to use an outdated technology. With this ability, VCA can always
give business organizations a competitive advantage.
Business automation solutions like VCA
also strengthens the business marketing strategies. Automated marketing helps
businesses in reaching to global customers through both offline and online
mediums. Even more, VCA guides business firms through the complete growth
prospects healthy return-on-investment. Automation solutions add value to
organizations and ensure that the companies win the trust of the customers.
Triggered by advanced technologies,
Value Creation Automation has the potential to help companies in achieving a
sustained performance. VCA can enable them performing business functions and
activities with utmost accuracy, precision, and perfection.
