Posts tagged: Automation Opportunities

Exploring Automation Opportunities within Accounting

Allison Correia
 Aug 20, 2014

InfoTrends recently published an in-depth primary research study on the accounting horizontal within the Business Process Automation Consulting Service. InfoTrends identified five key accounting workflow areas: 1) Sales Operations, 2) Purchasing, 3) Accounts Payable, 4) Accounts Receivable, and 5) Expense Reporting. Within those areas, InfoTrends discovered several major manual processes that demonstrate the biggest areas for automation opportunity for vendors: purchase orders, expense reports, invoices, contract agreement & terms, credit collections, and payments. Read more »

Manufacturing Industry Ripe for Automation Opportunities

Other Posts
 Aug 28, 2013

InfoTrends recently published its second in-depth primary research study on the manufacturing industry within the Business Process Automation Consulting Service. The manufacturing industry is a dynamic market with several sub-industries that can vary greatly in size and output demand, and because of these widespread differences, certain processes may require more exhaustive and paper-intensive workflows. InfoTrends broke down the manufacturing industry into four key workflow areas: 1) Product Planning/Design, 2) Procurement, 3) Production, and 4) Fulfillment. Within those areas, we broke down the industry further and discovered several major manual processes that demonstrate the biggest areas for automation opportunity for vendors: 1) Sample testing and trials, 2) Quality assurance/product inspections, 3) On-site supplier audits, and 4) Warehousing.

The following chart is an example of one of the most paper-intensive areas in manufacturing — Sample Testing and Trials. Due to the high frequency of the sample testing and trials process (occurring on average of five times per product) and paper being used roughly 38% of the time, automating this area will improve processing times and compliance initiatives (both of which are the top goals and objectives for manufacturing organizations today).

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