Manual Vs Automation

Human involvement

Manual process: Entirely?dependent on manual working. The possibility of human error to occur?is large, due to the amount and complexity of the data and key person?dependency

Automated process: The system is centralized and will collect information on a real-time basis,?by minimizing human intervention, the scope of errors is marginal

Visibility?

Manual process: Manual tasks are inconsistent and much harder to track. The insights you gain from manual processes will be inherently flawed.

Automated process: Increase real-time end to end visibility and on spot quick decision making when required

Transparency

Manual process: There’s often little transparency into who’s doing what, which means even more time is wasted waiting on others to learn the status of tasks

Automated process: 100% transparency is available to every stake holders on every task

Communication

Manual process: A lot of communication is happening outside of?the process via email or call

Automated process: All History is stored within the tool so to keep track of?shipments

Productivity

Manual process: Individuals may end up wasting too much?time and effort on low-value activities or becoming frustrated with the?spreadsheet

Automated process: In the long run, this method saves time, effort, resources and is more?reliable. The team will focus on high-value activities

Security

Manual process: This is a less secure method as it?involves a lot of paperwork and documents being emailed over and anyone can?access it

Automated process: This is a more secure process as data is hosted in the server and password?protected

Scalability

Manual process: As the amount of data grows, performance issues arise. e.g. a spreadsheet will become slow to?load and slow to calculate

Automated process: Built to serve a large number of stakeholders, allowing for?multiple users and capable of managing difficult tasks

Approvals

Manual process: The manual approval process can create a?lot of back and forth and hold-ups. Extra time is required to track down?contracts for approval, often leading to missed deadlines and disputes

Automated process: Through an automated collaboration platform, it automatically creates a?trading agreement and sends to the assigned approver for speedy sign off

Alters

Manual process: No alter if there is a delay or missing of target due to any reason

Automated process: Proactive notifications?to all team members for timely action

Speed

Manual process: Data?is being stored in multiple tools and across various documents, this will increase process timing

Automated process: All data is stored in one centralized platform, this will reduce processing timing

Reporting

Manual process: Time consuming to retrieve data from?different sources and compile it into a detailed report

Automated process: System will generates customized, detailed reports to retrieve required data with in short period of time

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