Managers are saddled with a long list of ad hoc responsibilities. They guide team members through unforeseen obstacles and put out unpredictable fires. But there are also many repeatable components to business management that skilled managers must keep a close eye on. As a manager, relying on manual methods can lead to significant and costly blunders.Limited insight into how managers are overseeing employee output can run up fines, damage productivity, and harm your organization’s reputation.
- A simple formatting error can cost your business millions, like Fannie Mae’s infamous $1 billion quarterly earnings error. Technologies like robotic and digital process automation can eliminate “swivel chair integration” caused by manual missteps.
- Over 70% of business leaders say they’ve made a significant business decision based on inaccurate financials. The majority point to a manual reporting slip-up as the cause of the error.
- 3 out of 4 business leaders assert that business automation can free up 3 hours of work per day—that’s over $4 million in annual savings for a 500-person organization.
Managing processes the “old-fashioned way” sounds simple if you’re a solopreneur or small startup. But as you add more projects, more clients, and more employees, manual processes quickly spiral out of control. The sheer amount of responsibility under a manager’s umbrella calls for an efficient business process management strategy. Here’s how automation can strengthen your organization and prevent fallout from a manual approach.
