Business process automation streamlines business processes in an effective way to contain costs. Automated document delivery eliminates delays in communications by reducing or eliminating manual delivery. A typical business process involved multiple exchanges of documents. The time taken to provide, send, receive, and process multiple documents can be significantly reduced, resulting in shorter payment cycles and improved cash flow.
Document Flow Acceleration
Automated document delivery eliminates delays in communications by reducing or eliminating manual delivery. A typical business process involves multiple exchanges of documents. The time taken to produce, send, receive, and process multiple documents can be significantly reduces, resulting in short payment cycles and improved cash flow.
Cash Flow ImprovementBusiness Process Automation solutions streamline existing business processes by eliminating inefficient steps, resulting in improved cash flow. For example, faster and more accurate delivery of invoices will typically result in short cash conversion cycles due to faster payment. The improve time-to-cash can have a significant impact on the liquidity of companies with high volumes of incoming payments. Automating the purchasing process provides immediate benefits for buying organizations such as government agencies through better payment terms, better pricing, lower labor costs, and less errors.
Eliminate Process Bottlenecks
Many business processes grind to a halt at the point where human intervention is required to handle business documents. Before taking the leap towards full automation, significant gains are achievable by simply automating existing processes such as sending faxes.
Support Regulatory Compliance Efforts
Business Process Automation solutions can help with the wide range of government-mandated programs involving significant documentation that must be submitted to regulating authorities. They can also help ensure that document management solutions comply with relevant regulations governing how documentation is handled, such as the data privacy provisions of the US Health Insurance Portability and Accountability Act (HIPAA) in the healthcare industry.
Achieve Full Potential of Business Partnerships
Automating the process of exchanging business documents with business partners ensures effective e-business and supply chain collaboration. Business Process Automation solutions can delivery business documents in the most appropriate format at the correct time to business partners.
Transition to e-Business Communication
The first step towards full electronic business communication is to automate sending documents, through fax or Mail on Demand. Organizations can then gradually shift more and more businsess documents to electronic format as the opportunity arises. Partners and customers can be switched over to electronic formats as soon as they are ready. New services can progressively be introduced based on the extra flexibility that Business Process Automation solutions provide.