Paper is emblematic of back-office HR processes, and it’s expensive. Per a 2022 Sapling study, 58% of organizations say their onboarding process is focused on Processes and Paperwork. While CareerBuilder research indicates that paper-based candidate workflows result in 40%+ of HR Managers spending 3+ hours manually onboarding an employee, and 16% spending 5+ hours. There … Continue Reading
Manual data entry and Excel are ubiquitous in the world of sales commissions. However, per Forbes, an estimated 88% of spreadsheets contain mistakes. These calculation errors combined with the time, effort, and complexity associated with the overall sales commission process equate to frustrated sales professionals. As a critical, complex, and time-consuming process, calculating and tracking … Continue Reading
Amazon has deployed cutting-edge AI tools to change product prices 2.5 million times a day (the avg item changes price every 10 minutes), which has resulted in a 25% boost in AMZN profits. Without these tools, SME’s must manually attempt to monitor prices with limited success. Fortunately, RPA can help level the pricing playing field. … Continue Reading
Per a recent study by Okta, the average SME uses 73 different key business applications to run their company (up 22% over the last four years). More challenging, over 80% of these applications are “best of breed” stand-alone solutions, typically requiring significant back-office manual intervention to move data between systems. While “best of breed” … Continue Reading
A recent DeepCoding study found that remote working arrangements have led to a 35% increase in helpdesk ticket volume. Combine this ticket growth with a 200% increase in technician absenteeism and, not surprisingly, the result is a 37% increase in issue resolution time and a 9% drop in customer satisfaction. ITSM teams are under constant … Continue Reading
Often overlooked, the unexpected effort required to migrate your existing data into a new software platform can lead to cost overruns and missed “go live” dates. A study by Bloor Research indicates that the failure rate for data migration projects is 38%. Utilizing RPA, you can expedite your transition to a new system while minimizing … Continue Reading
Per Oxford, a Legacy System denotes “software that has been superseded, but is difficult to replace.” Clearly, DIFFICULT should be capitalized, as legacy systems support has made the list of Top 10 Organizational IT Expenses in the Society for Information Management’s 2018, 2019, 2020 & 2021 IT Trends studies. Fortunately, RPA (Robotic Process Automation) can … Continue Reading
Per a recent study by Productiv, Inc., the avgerage SME has an astonishing 254 separate SaaS applications deployed (with enterprises averaging 364 apps). Whether your company has 25 or 250 SaaS applications, account management, provisioning, and, deprovisioning is a significant challenge for IT teams. Fortunately, RPA is here to help! Leveraging Robotic Process Automation (RPA), … Continue Reading
Per an E&Y study, 59% of a financial department’s resources are spent managing transaction-intensive processes. And around 95% of this effort is wasted on transactions that already match. RPA can reduce reconciliation effort by 90%+ by allowing your accounting team to focus only on the transactions that don’t match. Deploying Robotic Process Automation (RPA) to … Continue Reading
Born in 1974, OCR has grown into an advanced (AI), cost-effective (.0015 /page), and accurate (99%+) solution for document processing, yet a recent Level Research study found that 86% of SMB’s continue to enter their inbound data manually – leaving money, efficiency, and accuracy on the table with every keyed piece of paper. The top-of-mind … Continue Reading
© 2023 LakeTurn Automation. All rights reserved. View our Privacy Policy.