Some examples of successful automation implementation include the following:
- Approval requests: Automating approval requests can save time and effort by streamlining the process of collecting signatures, reviewing documents, and making decisions. This is especially beneficial in industries like finance, where quick turnaround times are critical.
- Vendor Management: Automation can help businesses manage their vendors efficiently. It enables them to track orders and payments, manage supplier contracts, monitor performance metrics, and more, all from a single platform.
- Claims Processing: Automating claims processing helps improve accuracy by eliminating manual errors when manually entering information into the system. Additionally, it reduces human intervention, which improves efficiency since machines are faster at gathering data than humans are.
- Reporting & Auditing: Businesses often use automation to automate reporting processes such as financial reports or operational reviews to ensure accuracy within an organization’s industry sector. Auditing processes can also benefit from automation as it allows for checks against specific criteria quickly without requiring additional personnel or resources for validation purposes.