One benefit of automation is saving time and money. While automation can save time and money in our personal lives, organizations are the biggest winners when automation is implemented.

Estimating your savings can be tricky, making the development of a business case difficult.

Businesses often do not know precisely how much of their precious time and money would be saved by Business Process Automation. As a result, organizations often delay making that change. While the actual amount will depend on the scope of the project and size of the organization, here is a breakdown of saving that can be realized by implementing automation:

Time

Business process automation can save your business an average of ten to fifteen hours per week per employee. That’s an extra one to two days per week. Imagine what each of your employees could do with that time!

Time is the one thing that money cannot buy more of, so the time automation can save your business is worth its weight in gold. You can achieve this time savings by automating rote tasks allowing each employee to focus on knowledge-based tasks that bring value. Ultimately, this means your organization can get more work completed with the same amount of employees.

In addition to saving time, business process automation also saves an excessive amount of money. If you or your employees are completing mundane tasks, you are wasting money. Yes, there are many everyday tasks you need to do to sustain your business. Yet, paying someone a salary fit to their specific talents is wasted if more than half their week gets spent on tasks a bot could perform in a fraction of the time. Fortunately, automation doesn’t mean you have to spend a fortune.

Money

We’ve all heard the adage that “time is money.” With automation, that certainly is true, as employee time translates directly to cost savings. However, business process automation can result in even more money savings for organizations.

Automation can expedite business processes and transactions, allowing your business to fulfill more orders at a faster pace. It can also operate 24/7 to provide you with the capability of fulfilling rote business tasks outside of business hours. Through these factors, businesses can capitalize on “early bird” savings and avoid potential late fees.

When you invest in business process automation, your employees can focus on their preferred skills instead of wasting their talents. Plus, by the time those mundane tasks get completed, their focus has dulled. That dulled sense is not only a situation ripe for mistakes. It ensures employees are never at the top of their game when they are performing their real job. Human error can cost millions of dollars annually, and even minor mistakes can leave organizations open to lawsuits.

Any way you look at it, business process automation can save you time and money. Savings in terms of employee costs, generating more revenue through expedited processes, or error reduction are just the start. Implementing business process automation helps you get more value for your money.

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Ultimately, the exact figure of time and money business process automation can save your business is specific to your business. Yet, from the large-scale numbers available from the thousands of companies that have made the switch, it is safe to say you will see a difference.

Our consultants have helped many clients automate their business. Let us help you, too! Contact Momentum today to begin your journey into business process automation and start saving your organization significant time and money.