Yes, automating your workflows can help you attract and retain talent in your business. In fact, you might have multiple automations working for you 24 x 7 to help you attract new people to your business and reduce the risk of losing your best people to other firms. What do we mean?
Using Workflow Automation you reduce and even eliminate the monotonous boring cut and paste type work that so many finance professionals spend hours doing. Compiling work papers, reports, closing, tax planning and multiple reconciliations will all be handled more effectively and accurately using automation technology.
When your business adopts workflow automation and RPA, you are presenting candidates with a clear message that their careers will not be bogged down doing mundane, repetitive tasks. Your business will present a career opportunity enabling each person to engage in more interesting higher value producing work befitting their education and experience. The work produced using workflow automation will be done faster and with much higher levels accuracy.
Workflow automation and RPA will reduce the costs of doing business. You will increase the profitability of your business as well as freeing up resources to deliver higher value analysis, insights and recommendations that are not being squeezed by tighter margins.
If you achieve this type of environment in your finance team and wider business, you are less likely to lose top talent as you are already offering a progressive workplace enabling your people to grow professionally and personally.
Workflow Automation and RPA is not bleeding edge technology. We have been helping businesses implement RPAs and Workflow Automation for a number of years. As the technology is more widely adopted we are working with businesses of small to medium size as well as the big multi-nationals. The cost of implementing RPA and Workflow Automation is relatively low and it delivers an enormous return on investment as evidenced in other business in Australia and globally. Typical three year ROI numbers are between 282% and 973%.