Automation is quickly becoming one of the most important concepts in global business today. As enterprises peer more deeply into “big data” to develop insights into where to go next, they need to find ways to accelerate overhead-heavy processes and focus resources on areas of profit.
One of the best long-term approaches to achieving a better bottom line is to automate the things that are not providing revenue. This is true in today’s global Canadian businesses as well as enterprises all over the world.
However, larger businesses are plagued with stories of failed projects focusing on automation. Too often, it’s easy to develop a plan that simply isn’t feasible with current resources — and chase it until it becomes unsustainable.
Want End-To-End Automation? Start With Your Travel Expense Report
When it comes to the decision of what aspect of business to automate first, grand plans often give way to complex realities. The right way to begin your approach is to ensure that you are working on a smaller, more specific part of the enterprise so that you can build out from there.
If you start with a large, daily portion of the business, you may quickly find your stakeholders get overwhelmed. Travel expense report automation is, by its special and detail-oriented nature, the perfect way to get started with positive change enterprise-wide.
Always think about your travel expense report policies as your first point of action!
Reporting expenses for travel is:
— An important part of your enterprise, but likely one stakeholders don’t deal with daily.
— A part of your business that is likely to grow as you develop more business overseas.
— An aspect of your operations that can cost you millions in compliance if mishandled.
In all these ways and more, it is an excellent “point A” for automation.
Don’t End Up Staggered By Overreach: Use The Right Tools At The Right Time
Even if you are not the top stakeholder in charge of innovation and change, it is easy to make a compelling argument for this kind of change. Likewise, you can easily find software that will provide you with the competitive advantages you need in travel reporting.
While other areas of your operations might have to be completely re-engineered to be automated, expensing can be enhanced with automation software that integrates easily into your existing processes.
Innovation-forward tools can help you bring new energy, purpose, and direction to your business. When you are looking at travel expense report automation, make sure that your chosen solution is as flexible and ambitious as you are!