
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.
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:
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 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 |
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 services. Contact us to discuss your needs.