What Does It Process Automation Mean?
IT process automation otherwise known as business process automation is used in companies that want to continuously improve their processes and operating standards. When such process automation software solutions are used they cause companies to increase their reliance on software and reduce manual labor. This ultimately causes faster operating of almost every department and employees as all are brought under one framework. So instead of working on different software packages that are not interconnected and physically transferring data between each, users can use seamless software comprising of multiple packages which exist company wide. This is just one of the many benefits provided by IT process automation and has led to many companies opting for it in order to reduce costs and time spent doing daily tasks. One of the areas where IT process automation is being used increasingly is in the accounts payable department where multiple software packages gather data which is then transferred to large enterprise resource planning systems. Here for example, smaller software packages operating with technologies such as optical character recognition capture invoice data, which is then passed to ERP software where it is used to pay invoices.
How Does It Process Automation Function?
When it comes to the functioning of IT process automation software, it is based on a set of rules which are executed companywide and across different software packages. For instance when invoices are received and data from them is captured by the invoice processing software. As soon as the processing is finished this information is passed to the ERP system where it is routed according to certain rules. These rules provide the basis on which the IT process automation software routes invoices, gets them authorized and get payments made on them.
How Does It Process Automation Bring About Cost Savings?
IT process automation does not just result in time savings, but it also brings about considerable cost savings for a company. For instance by reducing the need for manual labor and manual data entry, IT process automation can bring about cost savings as data entry teams can be downscaled and in some instances phased out altogether.