The market for automation tools to support technology-driven business process transformations is primed for explosive growth. A confluence of recent developments, including the digital transformation craze that has taken hold in the wake of the COVID-19 pandemic, a growing cloud computing trend that is democratizing access to tools, and increasing user adoption of data-driven intelligence in every aspect of business processes are prime catalysts. Businesses are adopting Business Process Automation (BPA), Robotic Process Automation (RPA), and Intelligent Process Automation (IPA) tools at a pace far exceeding prior technology roll-outs.
The global market of Intelligent Process Automation is estimated to grow to nearly $14B by 2023 according to a leading market survey. Most of the growth will be driven by increased demand for intelligence and automation to improve business process efficiency, across industry segments. Business Process Automation and Robotic Process Automation have been around for a while and are now morphing into Intelligent Process Automation as business needs and tool capabilities evolve. Today, almost every SME and enterprise is either using or evaluating these technologies in some way or the other. And with increasing awareness among CIOs and other business leaders, the demand for these technologies is on the rise. A business leader needs to well understand the differences in these automation technologies and the specific purpose that they serve. This will give them clarity about the technology that is most appropriate for their organization and its unique process transformation needs. Although they may sound similar, there are fundamental differences in BPA, RPA, and IPA, and depending on your business goals, one may be far better suited than the others.
Continue reading “The differences between BPA, RPA and IPA. Which of these process automation technologies is right for your enterprise?”
The most comprehensive knowledge sharing platform for all you need to know about business process automation – Zvolv empowers its customers by spreading awareness.
Automation is inevitable in every walk of our lives, and even more so when it comes to business processes. It makes execution smoother, faster, and the output more accurate as compared to manually driven business processes. Even for something as simple as writing and publishing this article, there were several layers of automation involved. Proofreading takes a long time when done manually. However, with an automated proofreading tool such as Grammarly, the same task gets completed at a much faster pace. Such automated software not only identifies inappropriate language and grammatical errors but also suggests correct options. Just one click on the suggested option and the error on the document is rectified. Similarly, there was process automation involved in collaborating on ideas for the article, getting this article approved for publishing on our blog, and sharing it with our readers via newsletters and on social media.
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Here is how you find out when do you need business process improvement software? – Zvolv gives a comprehensive guideline to analyze the exact automation needs for businesses.
Business Process Improvement solutions have become a mandate for an error-free processing and enhanced automation for organizations all across the world. Formalized process improvement systems got introduced into businesses at the turn of the last century, with the Kaizen (launched after World War II) and Six Sigma (launched in 1986) methodologies proving out to be quite popular and effective. Over the years these and many such process management software and technologies helped some of the most robust global enterprises to sustain and survive economic crests and troughs over the years. Cut to the present times, the market demands of efficient, repeatable and differentiated process improvement systems are on the rise. Kanban boards, Mind-maps, Gantt/Pert charts, Swimlanes, BPMN flowcharts and many other process management systems have become common sights in today’s dynamic work culture.
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Here is Zvolv’s year in review and predictions for 2021 – Zvolv helping it customers to make an informed decision while choosing your technology partner.
Zvolv – looking back at 2020
No-code and low-code platforms come of age – traditional application development takes a back-seat
– Zvolv’s unique combination of no-code business process management + low-code intelligent BOT automation has delivered solutions for several industry leaders for transformative solutions
Travel truly has been redundant – deals can be closed and solutions deployed remotely
– Zvolv’s DIY capabilities and simplified positioning has enabled delivering several mission-critical applications to industry leading customers – all with inside sales, remote deployments, online training.
Speed is of the essence – deploying solutions in days or weeks rather than months is the need of the hour
– Zvolv based applications get launched in days, often 10x faster and cheaper compared to leading iBPMS suites like ServiceNow or Pega or Appian. On average, POCs have been delivered in under 2 days, and full deployments in under 2 weeks this year.
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With the most relevant and upgraded solution in bridging the gaps in your procurement and supply chain automation – Zvolv is changing the logistic trajectory of businesses.
Procurement and supply chain automation processes are often very complex and unique to different organizations. Workflows typically span multiple functions and data systems, time-bound synchronization of activities is critical, approvals and data-driven decision points abound, and yet these processes are notorious for being paper-based, email-driven and extremely unstructured. Organizations often refer to these collection of workflows as procure-to-pay or source-to-pay or request-to-order or order-fulfilment processes.
Benefits of procurement and supply chain automation
Automating part or all of these procurement and supply chain automation processes has a number of potential benefits for businesses:
- Reduce manual effort while increasing productivity, efficiency, and accuracy.
- Increase visibility across the entire cycle and, in turn, manage cash flows and inventory levels better
- Assist in data driven planning and strategy decisions.
- Improve supplier relationships and build deeper strategic relationships
No wonder, these processes are at the fore front of any organization’s wish list for automation.
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Any business big or small relies on processes to achieve desired outcomes. Most processes are drawn up from the experiences of one/more people, are poorly documented and suffer from oversight or execution errors.
Studies suggest that formalizing processes directly impacts the business’ bottom line. Investing in a formal and custom process management platform may be your biggest contribution to boosting company profitability. (zvolv.com provides a no code, custom and easy to use solution for precisely this). Here are 7 reasons why:
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Our Ninja Retail series focuses on the ways in which retailers can reduce inventory and working capital requirements. You can check out the introduction here. Our previous post was focused on how you can think faster as an organization to reduce inventory and respond to market trends faster. But that only helps so much if your suppliers don’t join the party. Here’s why you need that and how you can make it happen.
Agility demands suppliers moving in lockstep with retailers and the first step is visibility into demand and order status. Our conversations with more than a hundred retailers across the globe post-Covid show us that a majority of retailers still collaborate with suppliers using clunky systems of record, emails or standalone collaboration/productivity tools, none of which truly break down any walls. The walls exist for very good reasons.
Continue reading “Ninja Retail: Retailers & Suppliers, A Three Legged Race or Synchronized Swimming?”
We live in a world today that not many would have imagined just a few weeks ago. Organizations of all kinds are struggling with new concepts of working. In this post we discuss the challenges that organizations face with knowledge sharing and management, some of which have become much more prevalent and impactful in today’s changed times.
Keep on reading!