Benefits of the Real-Time Enterprise
CEO and founders that make that decision to transform their companies to make them move towards the real-time enterprise can expect the following benefits :
Automatic vs. Manual.
When companies automate processes, they reduce the need for human intervention in routine or low-risk decisions. This eliminates both the cost and potential for errors associated with the human-based workflow, and it allows companies to apply expert human resources when and where they add the most value to the decision-making process.
What’s more, this allows companies to realign their resources to focus on higher revenue-generating activities.
Better, Faster, Cheaper.
Automating processes reduces cycle time. The faster you can process a business transaction, the more transaction you process. The more deal you can handle, the more business you service, and the more revenue you generate.
Faster decision-making not only shortens cycle time, but it also reduces handling costs and ultimately increases profitability.
Streamlined Exception Handling
No matter how well-designed a process may be, there will always be exceptions to the norm. How organizations handle exceptions is a significant determinant of overall service. If an exception is dealt with expediently, it can present an opportunity to win customer loyalty.
By being exceptional at handling exceptions, companies can further differentiate themselves from their competitors.
20/20 Operational Visibility
The Real-Time enterprise delivers operational visibility and metrics on how the business is performing — the key to both business Agility and continuous process improvement.
This visibility enables the business to track, monitor, measure, and optimize processes in real-time to quickly identify operational bottlenecks and fine-tune processes on the fly for optimal results.
In the Real-Time enterprise, processing supporting millions of transactions, and thousands of users can be quickly deployed or modified as needs warrant.
Power to the People
In the real-time enterprise, people are not a slave to technology; technology serves the peoples’ (and, thus, businesses’) best interest. While technology may be powerful, it is engineered to be easy to use, administer, and deploy.
The technology is designed so that business analysts and line-of-business users who know the process best are in charge of mapping and modifying business processes, as opposed to IT professional staffing.
Moving to Real-Time enterprise is not a one night’s job. It is a long road, step after steps. There are tons of small bricks to be built before being assembled. Why not take a trial at www.kopilot.io and start automating your business information processes?
