Brochure lifecycle

Whether you are a CEO, CFO or COO you are faced with a new economic environment. The global economy continues to be a “best guess scenario” where the only certainty about it is uncertainty.

Since external factors are out of a company’s control they need to look internally and drive efficiencies and costs out of the business. At the same time they need to have on-demand access to dependable information that allows business leaders to make decisions faster with less risk.

The keys to adapting and potentially thriving in these uncertain times is to become skilled at navigating uncertainty especially when it comes to key financial metrics like revenue growth, EBITDA and return on invested capital.

Two key things will help companies better navigate through these uncertain times.

    • First, making sure that information integrates and flows across the organization so it can be used and acted on with confidence.
    • Second, ensuring that business processes are optimized or automated in order to accelerate output, generate more revenue, cut costs, minimize errors and improve productivity overall.

Key Problems Facing Companies

Implementing business process best practices, standards and automation continues to be a desire of most companies especially in the areas of transactional tasks such as processing invoices in accounts payable and receivables.

Yet, a 2010 based on conversations with more than 1,900 Chief Financial Officers, uncovered:

    • In 2003, many companies found themselves spending too much time focused on transactional processes. This still was the case in 2010
    • Information integration across the enterprise has become a more pressing problem. Today’s CFO’s view driving information integration across the organization as their number one priority but also their number one obstacle
    • CFOs are being pulled in two directions today. They are asking to use information to look forward and provide insights, but on the other hand they are being asked to refocus on providing high-quality information about the past

To address these and other key issues businesses need to review their core and supportive business processes and find ways to trim the fat. Supportive data intensive manual processes need to be automated in order to accelerate the integration of information so business leaders have access to reliable information on-demand in order to make better, faster decisions that affect the bottom line and operation of the business.

Yakidoo’s Expertise

Yakidoo team members have over 75 cumulative years experience in business process optimization, automation and outsourcing in various industries including: Banking, Insurance, Logistics and Transportation, Government, Healthcare, Property Management and Manufacturing. Below are some examples where Yakidoo has helped companies in this area:

Industry

Solution/Service Area

Outcome

Banking

Loan/credit approval process automation

Ensured loan process moves forward with proper authorization checks, balances and steps in place; process now ensures all required documentation is gathered and accurate

Insurance

End to end claims automation process

Automation of all faxes, emails and documents (electronic and paper) and integrated in to adjudication process to ensure proper payment is determined and made; ensures service level agreements are met

Logistics and Transportation

Billing automation with proof of delivery waybills printed off

Reduced billing time from 3 days to 24 hours; reduced use of paper by a factor 8

Property Management

Automation of purchasing process to ensure proper approval compliance

Quicker approval of purchase orders, getting work done faster, customers happier sooner; enforced compliance

 

Next Steps

Yakidoo solutions transform your company by capturing your data, managing your content and automating business processes so your company is more productive and profitable. Learn more about Yakidoo solutions and servicesContact us to discuss your needs. 

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