Process Automation

Process engineering, or re-engineering, outlines a set of recurring steps aimed at navigating from one point to another. It should result in the most effective and efficient way to accomplish a particular task or set of tasks.

There are many scenarios where this is not the case.

 

Here is an example. The prices of company A's products are calculated based on published market rates. Their process for generating prices involved multiple steps. 1- log into a website, 2- download a compressed file, 3- extract its contents, 4- input data into several spreadsheets, 5- manipulate the data, 6- generate two distinct price data files. 7- upload one file to the ERP system, 8- upload the other file to the reporting system.

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A seasoned employee of company A who is compensated at a rate of $40 per hour executed this biannual weeklong task over 10 years. The company's life-to-date cost for this critical task is $32,000, excluding costs associated with errors, delays and lost opportunity.

 

Automation streamlined this process to just two steps, which now take less than 1 hour divided between automated processing and human oversight. Automation resulted in projected cost savings of $31,200 over the same period. Not to mention the value of other beneficial tasks the employee is now free to perform.

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At Tech Rivers Crossing we believe in the old adage, a penny saved is a penny earned. Let us discuss your processing needs and explore what automation can do for you. Did you know that you could automate a complete solution around your office productivity tools, Office Automation is another part of our automation services. Book a complimentary consultation today! Book Now