24 May Don’t fall down the Forms & Workflow ROI/ROA Rabbit Hole Alice!
Don’t Fall Down the Forms & Workflow Rabbit Hole Alice!
Don’t fall down the Forms & Workflow ROI/ROA rabbit hole Alice!
Imagine being able to automate business forms & workflow and see both immediate improvement in cycle time, and an immediate Return on Investment (ROI)! Even more, imagine doing all this and demonstrating a Return on Assets (ROA) that would make any shareholder proud!
The purpose of the ROI metric is to measure, per period, rates of return on money invested in an economic entity in order to decide whether or not to undertake an investment. It is also used as indicator to compare different project investments within a project portfolio. The project with best ROI is prioritized. *(Wikipedia)
Whereas, ROA “tells you what the company can do with what it has, i.e. how many dollars of earnings they derive from each dollar of assets they control.” The more you can get out of your existing assets, the higher the ROA.
Improving the effectiveness of business processes is the top–ranked IT concern at organizations, immediately followed by being able to reduce the costs of these systems according to a recent McKinsey Survey.
The adoption rate for complex enterprise Business Process Automation systems has been limited by the IT-centric nature of these platforms. This leaves business users unwilling to learn another complex software program. This low adoption rate and negative ROI has made many CIO’s cringe when Project Managers suggest exploring options for automation. Many times the alternative of using those enterprise BPA systems reduces a company’s ROA because they require additional hardware and software.
The alternative is to leverage existing platforms and software which offers a friendly/common interface to empower business users. You can provide your users with a forms/workflow automation tool without the need to learn new software and log on to yet another system. Some vendors are pushing low code development, but we believe there is a better alternative – No Code.
No Code enables Business Users the ability to create or modify workflows with No Coding Skills required. Our Graphical User Interface has been designed to enable a Business User to bypass the IT department for any Workflow modifications. Implementations can be done in days, not months.
Searching and reporting on data stored in legacy systems has been a time consuming and expensive process for business users. A disruptive workflow automation solution must provide an option to bypass multiple logins to disparate systems. The ability to use Microsoft Outlook or Office 365 to search and report on this data makes the productivity gains from this tool indispensable to organizations.
Another issue facing organizations is how to orchestrate processes and forms with external participants such as customers, partners, or suppliers. Adding to this problem is the is the mix of devices ranging from computers to tablets, phones, kiosks, etc. and the challenges for a cost-effective solution become very limited. The using a browser to resolve these issues makes it totally irrelevant.
The benefits of a specific-purpose automation tool are speed of deployment, low cost, increased productivity, and immediate R.O.I.
A cost effective software solution for Form/Workflow automation has been patented by FORMVERSE with a strong integration to the Microsoft stack. This makes FORMVERSE an ideal solution for companies who are invested in Microsoft technologies. This solution enables business users to leverage Outlook /Office365 to handle workflow, routing, search, and reporting.
Please contact us for a personalized ROI analysis to show you how FORMVERSE can turbo charge your forms/workflows for your organization and keep your department out of the rabbit hole!
(925) 264-0045 x201 (USA)
(613) 656-4207 x201 (Canada)FORMVERSE