Pulling the Future Forward

It's no secret that the Covid-19 pandemic has accelerated changes within many industries and organisations that would have otherwise taken years or even decades to progress. Only a couple of months ago, the idea that employees could work remotely and be as productive as they are in the office was seen as ridiculous, by many with a traditional mindset.

It also turns out that meetings are not always essential and there are times when instant messaging or email is sufficient. Many people have embraced new tools and technologies, which have led them to become more efficient in how they work.

Accelerating Transformation

A key enabler for business continuity that has been around for a while is Process Automation. Recently, there has been a marked increase in the roll-out of technology to support full or partial process automation within organisations across the globe. Many of these implementations are based on planned initiatives, brought forward by the necessity to support the core operations in the business.

Automation has always been an effective way to assist employees in getting their job done. Recently, it has played a vital role to help businesses to stay up and running.

Generating Revenue

Over the last few months, cash-flow has been a real challenge for organisations. Optimising income and retaining a cash reserve has been a constant focus for businesses everywhere.

Businesses are looking at areas like Accounts Payable, P2P and Statement Reconciliation to help them to manage spend and maximise income. Other mechanisms to maintain a strong financial position are Fraud Detection and Credit Recovery which can respectively, reduce risk and discover money (or Credits) owed to the business.

Is this the New Normal?

Many of the things that we are experiencing now are here to stay. The 'old ways' of having everyone based in an office, all of the time are unlikely to return. Companies that previously opposed flexibility and mobility for their employees have been forced to reconsider their approach, which is one positive that can be found in all of this.

With many businesses now operating remotely for the foreseeable future, embedding efficiency 
into core business processes creates value and recovering money or credits that are 
otherwise lost makes a lot of sense - at any time!

At Glantus, we are grateful that our people are safe and that we've been able to continue to serve and support our customers throughout this time. Our latest acquisition, JPD Financial has had a baptism of fire but we're fighting it together and starting to win.