Manual, paper-based processes can’t keep up with the digital world. What does this cost your business?
Slow approval loops, siloed data and bottlenecked documents are all too common in business today. According to an Ipanema Technologies survey, 42 percent of manufacturing firms reported that outdated systems contribute to a decline in employee productivity. Outdated, inefficient business processes hinder organizations and prevent future success.
In response to those manual, time-consuming processes, employees are searching for their own digital solutions. Seventy-nine percent use cloud-based file sharing and collaboration tools such as Box, DropBox or OneDrive on their own at work, for example. The need to fill in the technological gaps in organizational processes illustrates a major weakness for many companies. And company provided solutions like SharePoint leave employees needing more.
In a Forbes article, Forrester research contributor Nigel Fenwick, said: “While 74% of business executives say their company has a digital strategy, only 15% believe that their company has the skills and capabilities to execute on that strategy.” Similarly, nearly 50 percent of companies surveyed in a PEX report say that process excellence is a top priority – and yet it’s difficult to identify process inefficiencies. Those disconnects are especially apparent when it comes to knowing what’s needed and implementing new business processes. If you don’t want to be left in the dust, why are you still relying on outdated processes? Taking action to resolve business process inefficiency is a critical aspect of moving forward.
Business applications do what manual, paper-based process can’t. Not only do apps keep up with the digital world, they set the trends. Business applications use intuitive forms and workflows that span roles, departments and data sources. K2 apps, in particular, run on premises or in the cloud, integrate with current systems and allow for insightful reporting.
Apps can dramatically increase organizational productivity by addressing specific line-of-business needs. An onboarding app, for instance, might need to use data from across services and systems like Box, CRM systems or Microsoft SharePoint. And, many companies can’t afford to design and maintain multiple customized versions of every app – which is why they’re turning to low-code platforms with tools that support fast, responsive app design.
A McKinsey Global Institute survey discovered that: “The average interaction worker spends an estimated 28 percent of the workweek managing email and nearly 20 percent looking for internal information or tracking down colleagues who can help with specific tasks.” Those numbers can be drastically decreased with business applications that automate and streamline communication and collaboration – leaving more time for innovation and business growth.
To learn more about the future of business apps, read the white paper: “5 ways to transform business processes and optimize agility”