Tuesday, 20 March 2018
Tuesday, 13 March 2018
How an Intelligent Process Automation Software Reduces Operational Costs for Businesses?
Cordis Technology LLC
15:56
Artificial Intelligence (AI), Complete Business Automation Solutions VCA, intelligent process automation, Robotic Process Automation (RPA), Software-as-a-Service (SaaS) and Cloud-computing
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The early
90’s witnessed the emergence of Enterprise Resource Planning (ERP) software,
which was meant to help companies in improving the efficiency of certain
defined processes. However, it had limitations and huge costs involved but, the
Large Enterprises were ready to implement this new form of technology.
The
On-Premises ERP software still has limitations; Is still costly and cannot be
afforded by SMEs (Small and Medium Enterprises); Is neither flexible nor
customizable — and perhaps, this is the reason that the demand for such
traditional process management software is sharply receding.
At the
present what constitutes approximately 83% of the total market share is
advanced business automation software, which offers cloud-based software
services and incorporates evolving technologies such as Software-as-Service
(SaaS). VCA is
one among those advanced business management software, which make technological
solutions equally affordable for Small and Medium businesses as well.
Developed
by Cordis Technology, Value Creation Automation (VCA) is
one of the leading business solutions, which is designed to save the overall
operational costs in multiple ways.
Let’s
understand in detail how an advanced management software, wh
ich also combines
the evolving technologies such as Artificial Intelligence (AI) and Automation,
save operational costs for Large Enterprises and also allows small business
organizations in performing efficiently without much working capital required.
Different
Cost-Saving Factors of the VCA Process Management Software
• Automation
of Rote Tasks
Tasks
that are repetitive in nature and are meant to be performed on everyday basis
involves both time and money. With the automation of such rote tasks, companies
can save both time and costs to a great extent.
The
automated system eliminates time-lag and ensures that entire business tasks are
complete within the allocated time & budget and that too in one go.
Companies do not have to invest time and money to finish the same tasks again
and again.
• End-to-End
Automation Solution
With VCA,
the automation is not limited to just a particular process. This business management software is an end-to-end solution. Entire processes including HR,
supply chain, finance, marketing, sales - VCA is designed to automate entire
processes.
This
saves much time for employees, which enables them in being more creative while
performing diverse tasks to achieve the common organizational goals. On the
other hand, it also reduces the error-rate by a great extent and helps
companies in enhancing the efficiency of processes.
• Smooth
Communication Flow
Be it the
Managers assigning work to his or her subordinates, checking the status of work
or be it the employees requesting to solve queries — an advanced process
automation software support companies in setting up a smooth communication
flow.
Integrating
advanced communication mediums such as emails, SMS, VOIP, Telephone, fax and
chats - VCA, for instance, simplifies the entire communication process.
Supporting both the horizontal and the vertical communication model, VCA
ensures instant identification and elimination of performance bottlenecks.
Therefore, it makes processes fast and accurate, resulting in the saving of
both time and money.
• Optimum
Resource Utilization
One of
the most affordable process automation software - VCA, consists is designed to
largely support the optimum resource utilization.
With
business models such as Lean Management and Six Sigma, it becomes uncomplicated
for companies to identify and eliminate tasks that are adding no value.
Moreover, Owners and Directors can quickly identify resources lying unutilized.
And hence, they can quickly direct such resources towards optimum
utilization.
• Reduced
Operational Costs
With an
advanced cloud-based business automation software, businesses do not have to
fear for the loss of data. The entire data pertaining to the business is saved
in the cloud, within multiple security layers.
This
facilitates in performing diverse tasks from anywhere and anytime. It also
allows businesses to remain connected to customers 24 x 7, across multiple
media platforms. This helps in building credibility among customers. Be it
receiving orders from customers or payments, executives can be available to
support customers round the clock.
• Visual
Dashboard Integrates Entire Businesses
Diverse
business operations involve innumerable people, processes and function. And, it
becomes really complicated to put everything is the harmony.
But with
VCA business automation software, companies can integrate people, process and
all the other functions pertaining to the business into one single platform
through a visual dashboard. Business leaders can have instant access to the
details of transactions and that too in the real-time. The visual dashboard,
which can be viewed even on smartphones and tablets, helps in accessing data
and information across departments; Keeps statements and reports ready for the
reference to Owners and Directors. Even when they are on the go, Owners and
Directors can have entire business control at their fingertips. This enhances
visibility and hence given better control of operations.
• No
Costs for Maintenance & Upgrades
As
businesses do not need to build a server or necessarily have a dedicated IT
team and neither do they need to install hardware and software — they don’t
have to bother about investing money in the maintenance of server or for the
update and upgrade of the software application.
The SaaS
technology supports regular update and upgrade of the software application and
businesses do not have to pay any additional cost for the same. All such costs
are borne by the business automation software vendor.
• User-Based
Business Automation Software
Businesses
are required to invest a huge amount of money when implementing the traditional
On-Premises ERP software. Huge Infrastructure is required and also a long-term
contract.
VCA, on
the contrary, is a used-based process automation software. Businesses just have
to pay for the number of users deployed. Moreover, users can always be added
and removed, as companies deem to be necessary. This, again, help companies in
saving costs.
Cost-Saving
is Just One Thing, VCA Has Much More to Support Businesses
The
traditional On-Premises ERP software involves huge costs and time — in the
installation & configuration, maintenance, updates & upgrades, training
of employees and many such other things. On the contrary, an intelligent process automation software such as VCA is a perfect solution to the business
leader’s continuously growing concerns such as increasing operational costs and
inefficiency in managing processes.
An
intelligent process automation software allows companies to catch up with the
pace of time. Having implemented such solutions, the business organizations
across the world can gain complete benefits of competitive advantages. Advanced
automation software, for instance, VCA, enables in understanding the
continuously changing preferences of the end-user and creating strategies to
deliver the value.
Be it
reducing the high employee turnover rate, retaining customers and implementing
strategies to attract new ones, winning the confidence of investors and
creditors, ensuring compliance to tax authorities, abiding by the other various
government policies & protocols — an intelligent process automation
software enhances the efficiency of tasks being undertaken on every front.
These are some additional factors, which supports businesses in saving the
operational costs and therefore, gaining a constant growth and success even in
the long run.