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Streamlining the Capital Budgeting Process through Workflow Automation
Key takeawaysBusinesses use capital budgeting process to determine which fixed assets are capable of long-term investments and decide which projects can yield the highest return. Capital budgeting is...
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Role of the As is-To be Process Analysis in Process Improvement
Key takeawaysAs-is and to-be process flows provide a point of formal reference for BPM implementations. The as-is-to-be process mapping is used as a management tool for the description and improvement...
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Building Workflow Automation for Any Industry
Workflow Automation Can Go Beyond One Industry; Industry Agnostic Implementation Strategy The strategies implemented in the name of digital transformation and the adoption of digital tools are often...
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Maximizing Performance with People Process Technology or Tools Framework
Key takeawaysThe people-process-technology framework has been around for 5 decades now, and was popularized by Harold Leavitt in 1960.Most software companies use the P-P-T framework to map the entire...
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A Practical Guide on Procurement Process for Improving Performance
Key takeawaysThe procurement function is much more than just purchasing of goods or services. The procurement function involves the process of acquiring goods and services, with suppliers and buyers...
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Internal Processes That Will Improve Your Business Performance
Key takeawaysInternal processes can be defined as those business processes that a company performs without the influence of external business partners.Improving internal processes can help you grow...
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Understanding the Vendor Management Process
Key takeawaysThe vendor management process is an important part of the procurement cycle that ensures that third-party relationships are successful and vendor risk is mitigated. A vendor management...
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A Comprehensive Overview of Process Audit
Key takeawaysA business process audit is a vital part of any company’s overall improvement strategy. It provides an objective assessment of how well your business processes are working and identifies...
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Why Switch to Digital Purchase Orders?
Key takeawaysDigital purchase orders are regarded as the modern procurement tool as they eliminate manual inefficiencies, reduce human errors, and accelerate the procurement process. Automating...
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20 Key Benefits of Accounts Payable Automation
Key takeawaysAccounts payable (AP) automation benefits businesses by reducing manual data entry, improving accuracy, optimizing invoice processing costs and time, fraud detection, compliance checks,...
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Operational Excellence – What it is and Ways to Build the Best Operational...
Key takeawaysImproving a business is more than just increasing efficiencies or maximizing the ROI – it is also about being flexible and adaptable to changing markets, technologies, and customer...
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50 Workflow Examples to Boost Efficiency and Drive Productivity
Key takeawaysAutomated workflows improve efficiency. Workflows like employee onboarding, content marketing, and procurement automate repetitive tasks for faster and error-free operations. Workflows...
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Automated Document Processing – Benefits and Techniques
Key takeawaysDocument processing is an advanced technology that uses different AI solutions such as OCR, NLP, and Computer Vision, aiding in the transformation of unstructured data into structured...
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Digital Transformation Tools: A Catalyst for Business Growth
Did you know that more and more businesses are increasingly investing in digital transformation tools to maintain their competitive advantage? In 2023, it was estimated that companies invested around...
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Top 6 Document Approval Software to Consider for 2024
Key takeawaysDocument approval software system is a formalized and automated approval system that takes care of document review and management. An approval system for documents brings clarity,...
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Understanding the Difference Between Tasks and Process
From your local grocery store to Microsoft headquarters, there is one commonality between all types and sizes of businesses. Processes. Business operations are made up of several processes that work in...
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Waltzing through Document Approval Workflows with No Code Automation
Key takeawaysModern workplaces are driven by documents of various types. From purchase orders to invoices to vendor contracts – proper and accurate documents are essential. A well-planned and executed...
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How Does Document Control System Streamline Business Operations?
Key takeawaysDocuments communicate your business goals, procedures, and performance, hence, it is critical to have a reliable document management system. Document management is an integral part of...
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Understanding the Budget Approval Workflow
Key takeawaysA budget approval workflow is an automated process flow that streamlines the tasks from the estimation of revenue to the approval of the set budget. An approval workflow for budgeting is...
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Building a Solid Procurement Strategy with Procurement Management Plan
Key takeawaysProcurement has grown into a strategic business function that can help organizations achieve their business goals. A procurement management plan can help organizations save costs, improve...
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