SMB Automation: Workflows You Should Automate To Improve Your Business

Small and Medium Scale enterprises are a major growth factor of the economy, especially in developing countries. Their importance makes them a sensitive component in the economic system. However, SMB owners are less concerned with the automation of business due to the added work that they. Most of the time, workflows are usually in disarray, and the books never balance. Inconsistency in information eventually leads to inconsistency in numbers which makes growth hardly possible. This is why it is very important to automate workflows.

 

 

The workflow of any organization is just a sequential order by which a task is carried out. There are specific workflows that, despite the scale of business, need an automated system. These are therefore workflows you need to automate as soon as possible!

 

• Purchase Order Workflow

The purchase order is inarguably one aspect of business that defines the measure of the expenses. The Purchase order workflow is quite very common with businesses that require a constant supply of a product or a service. In the SMB world, almost every business requires the services of a vendor. How this is handled will determine a reliable tracking system for every purchase made; hence, paperwork is not a suitable option. In fact, the manual system is so faulty, and incompetent automation is necessary.

The workflow usually begins with the requisition of order following through confirmation, processing, editing by the supplier, tracking, and supply confirmation to the storage of purchase order transaction. A good automated purchase order workflow will improve the vendor-buyer relationship and enable a business to build a good system for tracking expenditure. Calculating and collating net profit will be much easier

 

• Employee Leave Approval

The conventional way of applying for leave is by sending out emails or filling out a form. This is easy if you’re managing a small team. When an organization adds more employees, this can be a lot of work. When these paper forms get lost or a leave request sent through email gets overlooked or deleted, it could cause some trouble to the requesting employee and the approver. With automated leave approval, everything is recorded. There would be transparency in every step of the process, freeing employees from worries about errors and having their requests unnoticed.

 

• Accounts Payable Workflow

Most SMBs still deal with manual and paper-intensive accounts payable process. With the amount of workload a finance or admin staff is dealing with, the process can be plagued with errors (e.g. duplicate invoices). These mistakes and the slow approval process affect the financial health of the business resulting from longer processing cycles, and cash flow irregularities. An automated system will speed up the invoice process and make it trackable. Any proof that something was paid for can be done easily. Duplication of invoices will stop happening, and a penalty from late payment will be avoided.

 

• Regulatory Submissions

Regulatory submission nowadays is more complicated than ever. Guidance and requirements are being changed more frequently, which makes it more difficult and slower for companies to comply with.  Automation addresses this issue and makes collaboration, approvals, and other steps in the regulatory process fast and efficient. Different systems can be connected to the automation system making data easily accessible and would require lesser data entry.

 

Benefits of Workflow Automation 

 

 

SMB Automation with Activity Factory

 

Small and medium business staff usually carry out multiple tasks that may be within multiple departments. This can stifle the growth of an organization and hamper the productivity of team members. 

With Activity Factory, small and medium businesses will be able to have a standard system for carrying out tasks, monitoring growth, good documentation, time management, and certified growth. It helps businesses promote productivity, collaboration, and business growth among the organization. You may replicate your existing workflows, create and customize new workflows, and reap the benefits you can get from automated workflows.