Is your business contributing to US$5 Trillion in Lost Productivity Annually or..

...have you embraced automation of repetitive tasks within your organisation?

A global productivity study summarised by Kirstie Magowan, Managing Editor of IT Chronicles with the help of a survey by DJS Research indicated some alarming stats

Employees spend an average 69 days a year handling repetitive admin related tasks.

That’s a big chunk of the working year –?especially if the well-qualified staff are entangled with admin and processes rather than what you hired them for. What’s more, it’s a big chunk of your employment budget too!

So what should an average business do? Listen.. to the 80% of their staff and opt to utilise technology and eliminate manual process and contribute to an enhanced productivity and better work-life balance

The elephant in the room for 21st century businesses is their admin burden –?at least the part of the admin that hasn’t been handed over to technology capable of streamlining processes by trimming out the fat and making more time available for revenue earning.

So?what does expense management teach us about eliminating the waste of repetitive administrative tasks?

At ExpenseOnDemand we recognised two decades ago that businesses were squandering precious time laboriously running through the same old admin tasks month in and month out, and we used that thought as the starting point to create our expense management software to re-write their future.

Focusing on one dimension of admin –?expense management – might sound trivial, but it serves as a useful prism through which to view the whole thing.

And yet there’s a reluctance to trust in technology in some quarters, according to the survey. They’re up for it in Spain, Sweden, and the Netherlands, but much less ready to make the leap in Germany and Australia –?even though there’s a broad acknowledgement that technology is necessary if competitiveness is to be maintained.

What can automating of a process do to reduce the admin burden?

Let’s go back to expense management for the answer (apologies for that, but it’s what we know about, and what customers in 96 countries rely on us to for their businesses).

Here’s a brief list of the benefits of our expense management system, applicable in other areas to turn your ‘admin by technology’ too:

1.??Saves time: One lot of data entry populates the whole system

2.??Adds accuracy: Elimination of multiple data entry reduces opportunities for error

3.?Prevents fraud: In our case expenses claims are based on real numbers, not guesstimates

4.?Easy and intuitive: Making the app do the hard work in the background means user interfaces can be simple and straightforward

5.?Integration friendly: Software talks to software without mixing the message, so (in the case of our expense management app) software talks to widely-used business accounting software like Tally, Quickbooks, Sage and Xero

6.?Order on the go: There’s no reason point of sale software can’t spot the sale, tell finance and the warehouse, and re-order stock

7.?Teach: Yes, that ‘s right. Technology gathers data, and that can be interrogated and used as the basis for informed business decisions

8.??Saves money: You do the math!

Such power sounds expensive – so it might come as a shock to find that it’s not.?(Prices start from GBP 1/USD 1/EUR 1/AUD 2/INR 35)?ExpenseOnDemand has been created as a suite of parts, any of which can be brought together to create the package that suits your SME, payable on a per user per month basis. ?Click here to get started: ?https://www.expenseondemand.com/get-started?.

Start your?free trial today?or?book a demo

The writer has founded ExpenseOnDemand with a vision to enable companies to lead a paperless and a hassle-free business process by offering a smart, simple, & intuitive expense management solution.

Sunil NIGAM?bolstered the technology base & aced the business model to make solutions affordable to everyone – at $1/user/month, making it the most trusted cloudbased application by SMBs of over 96 countries..and perhaps the best expenses app in the universe!

Find out more on?https://www.expenseondemand.com/?or follow?ExpenseOnDemand's official LinkedIn page?to keep yourself updated.?