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The new strategic goal is automation. Most businesses and senior executives understand the potential of automation, and many had significant projects in motion even before the pandemic. But the COVID-19 disruption has increased the need for automation tenfold, propelling it to the top of the list of crucial strategic projects. Recognizing this broad trend, many businesses are looking at how to use automation to streamline essential operations like source-to-pay and claims processing so they may be ready to prosper when the economy rebounds.
However, there are clear hurdles in accomplishing such a large-scale digital transformation at an efficient speed and scale. Businesses that have already begun the automation journey have been driven to make huge, nearly instantaneous leaps, pushing the boundaries of their speed and quick adoption. In this atmosphere, even the most dedicated automation supporters need to catch up. Furthermore, the pace at which various industries embrace automation will vary, further causing fragile supply chains and partnerships.
Intelligent companies understand that they cannot overcome these obstacles on their own, which is why working with professionals in the field of digital transformation and utilizing industry best practices are essential. Many businesses are discovering that working with the correct managed services partner enables them to scale their automation program, overcome supply chain obstacles, and increase capacity throughout the business to minimize the turbulence of a disruptive year.
The Pandemic’s Acceleration of Automation
According to a pre-pandemic study, Automation was growing even before the worldwide health crisis. A million knowledge-based occupations will be displaced by automation and industry experts estimate that 50% of all present jobs might be automated to some extent. Based on historical data, it appears that economic trauma, similar to the epidemic, has always left a void that is ready to be filled by technology. In the three previous recessions, regular and repetitive tasks accounted for 88% of all lost jobs.
If these forces aren’t now present in your industry, they soon will be. The tech and financial services sectors set the standard for automation, but half of all businesses intend to not just boost automation but accelerate it. Now automation has exploded in every sector.
To use automation to enhance important business processes, numerous businesses are collaborating with managed services providers like Data Direct Business Process Services. These providers include:
Origin-to-pay processes. The top management service providers are aware that people, processes, and technology are all necessary for a source-to-pay process to complete digital transformation. You can concentrate on improving accuracy, customer service, and other key company competencies when you work with the right business process outsourcing companies in UAE.
For instance, a worldwide information solutions company with over 10,000 employees significantly reduced its invoice cycle time and redesigned its invoice process by using our Business Process Services.
Distribution and storage facilities. These services were severely impacted by the pandemic. E-commerce saw massive jumps due to rapid changes in consumer behavior, which increased demand at an important point for industrial facilities, warehouses, and supply chains.
These examples show how you may speed up your automation journey by taking the appropriate strategy to utilising your managed services provider. Look for the business process outsourcing companies like Data Direct Business Process Services when organising your company’s digital transformation. They provide a comprehensive approach to transformation, a track record of success, and in-depth industry understanding.
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