{"id":673,"date":"2022-07-20T12:25:24","date_gmt":"2022-07-20T06:55:24","guid":{"rendered":"https:\/\/forsysinc.com\/blog\/?p=673"},"modified":"2024-07-19T15:28:14","modified_gmt":"2024-07-19T09:58:14","slug":"operational-efficiency-greater-compliance-reduce-business-costs-with-netsuite","status":"publish","type":"post","link":"https:\/\/www.forsysinc.com\/blog\/operational-efficiency-greater-compliance-reduce-business-costs-with-netsuite\/","title":{"rendered":"Operational Efficiency, Greater Compliance & Reduce Business Costs with NetSuite"},"content":{"rendered":"\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t\t
\n\t\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t\t\t\t\t

Introduction<\/b><\/p>

In the last few years, business leaders have accelerated the use of business process automation (BPA) to free up resources needed for big strategic moves & high-value pursuits. According to <\/span>Mckinsey<\/span><\/a>, 31% of businesses have fully automated at least one function and the number of companies opting for BPA is witnessing a steady rise.\u00a0<\/span><\/p>

Result-oriented organizations are constantly reviewing their business processes and looking for new ways to improve and make them efficient. Process standardization is important because it ensures that wor<\/span><\/p>

\"\"<\/p>

kflow steps are not skipped, key details are not missed, and tasks are not repeated or stuck. Additionally, it helps to align the business activities across teams and maintains compliance with the organization’s targets.\u00a0<\/span><\/p>

At a time when business agility has become a norm, harnessing the power of process automation assumes relevance.\u00a0<\/span><\/p>

Definition of Business Process Automation (BPA)\u00a0<\/b><\/p>

According to Gartner, BPA is about automating day-to-day organizational processes and functions leveraging the power of advanced technologies and tools. It streamlines enterprise operations, curtails costs, and enables teams to spend more time meeting customer expectations or other higher-value work.\u00a0<\/span><\/p>

It allows automation of email responses, follow-ups or complicated processes like multi-level approval workflows. In other words, BPA automates recurring and repeated tasks, resulting in enhanced operational efficiency.\u00a0<\/span><\/p>

Key Processes Businesses Should Automate<\/b><\/p>

Mckinsey<\/span><\/a> states that one-third of the tasks in 60% of jobs offer automation scope. Below are some of the top areas where BPA should be implemented:\u00a0<\/span><\/p>