There’s a tremendous value to be unlocked when organizations truly streamline their processes. Yet as they become increasingly digitized, the disparate, unconnected workflows and systems in place can keep organizations from achieving their potential.
A recent report from Gartner identifies part of the problem, nearly half of employees struggle to find the information they need to effectively perform their jobs. Organizations can invest in top-tier talent, high-end hardware, and all the other trappings of success yet if the people who make the work can’t do their jobs, revenue suffers.
Aligning employees with the information and systems they need requires an end-to-end workflow orchestration. Instead of keeping valuable insights in data silos, leaders can leverage the Put It Forward orchestration platform to automate the processes, bringing new insights and opportunities that can make an organization future-ready.
The manual workflows organizations put in place to get things done end up becoming business-as-usual over time. This is despite the fact that automation can improve processes of virtually any complexity, reducing the number of human errors while accelerating the execution of tasks.
This evolution in automation is what enables collaboration across departments. Employees no longer struggle to find information thanks to the end-to-end connection across the organization, saving time and money in the process.
Meanwhile, employees within departments benefit in key ways as well:
Automating the flow of information in an organization isn’t just a matter of productivity. Employee satisfaction can rise considerably when communications improve thanks to cross-collaboration. This reduces employee churn for organizations, heightening the cost savings enabled by increased workflow efficiency.
Those cost realizations are even more appealing when leaders begin analyzing business processes. This is where new revenue streams, data sources, and business ideas become much clearer, all thanks to the power of end-to-end workflow orchestration.
Implementing these advancements not only makes an organization future-ready but also enables new evolutions essential to remaining ahead. This return on investment isn’t theoretical—leaders can calculate the revenue potential of workflow orchestration for themselves.
Tech leaders have seen how an appealing innovation may not necessarily lead to improved efficiency. As a result, the concept of Value Stream Investments has emerged to help ensure decision-makers get real value from their investments. This goes both ways as organizations also need to stay aware of the cost of implementation.
Understanding the cost impact of manual processes is the first step in calculating workflow orchestration’s ROI. For any workflow, the time it takes to complete a specific process can be multiplied by the employee’s salary, then multiplied again by the number of times that process is performed. When considered over a 12-month span, this number gives a good estimate of the process’ total cost.
With an automation benchmark in place, this same formula highlights the cost of the upgraded business process. This number will be significantly lower than the manual number thanks to reduced human work hours and increased efficiency.
With both figures calculated, it’s simply a matter of subtracting the annual automated workflow cost from the annual manual workflow number. Divide these savings by the cost of the automation software and implementation, then multiply by 100 for a percentage.
As an example, let’s use vacation approval requests that go directly to an HR manager. The manager may spend 10 hours per month handling these requests, reviewing each one as it arises, requesting more information if needed, and finally approving or disallowing the request. At $50 per hour, this process costs $500/month or $6000 per year.
If automation halves the time spent on the process, the HR manager now only spends five hours per month on approvals, reviewing the work automation produces. At $250/month, the approval process has been reduced to a $3000 per year cost. Dividing that number into the total cost of the automation software’s implementation provides a final ROI percentage.
The cost savings won by organizations through this automation approach happen across departments and at different levels. Specifically, leaders can anticipate key savings in:
Organization leaders must use an ROI-focused approach to adding technological innovation within their departments. Measuring this ROI depends not only on the productivity improvements made but also on the cost and effectiveness of the implementation.
These metrics can be quantified to ensure a positive impact on your organization’s bottom line. With Put It Forward, organizations have access to best-in-class workflow orchestration tools that streamline workflows and reduce complexity with no code. Schedule a demo today to implement effective orchestration across your organization.
Interesting Related Article: “How to End-to-End Test Your Web Applications“
Measuring the ROI of End-to-End Workflow Orchestration first appeared on Web and IT News.
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