Did you know that businesses can lose up to 30 percent of their revenue due to inefficiency?
This is an astounding number! For small businesses, it can be fatal.
It’s vital to improve your business’s efficiency to hold onto your profit margins. In this post, we discuss business automation tips that do precisely this.
Read on for insight!
1. Automate Document Delivery
Every company depends on documents to stay afloat. As a business owner, your day is likely composed of document exchanges!
It’s possible to automate document delivery of all kinds. Get employee tax documents, client contracts, and other agreements signed and filed digitally.
You can do this by using a document automation platform like Docmosis.
Some platforms can also be programmed to send out email reminders to employees or clients who have not yet signed or returned specific documents.
Use cloud storage to retain documents and make them accessible at all times.
2. Streamline Email Marketing
If you are launching an email marketing campaign, craft one that is more automated than manual.
Automated email marketing campaigns send out automatic emails to leads at key “trigger” points. For example, such a campaign could automatically send out a “Welcome” email to new blog subscribers.
It could also send out a “thank you for your purchase” email to new customers.
Learn more about automated email marketing here.
3. Automate the Payroll Process
Accounting departments are often the culprits of company inefficiency. This is for good reason–they handle lots of numbers that constantly fluctuate!
One way that you can improve accounting processes is to automate the payroll process as much as possible.
Make use of accounting software like Quickbooks to quickly categorize cash flow.
Use a digital pay stub maker and ensure that your employees are enrolled in direct deposit.
4. Improve Knowledge Sharing
Large businesses lost over $47 million annually due to inefficient knowledge sharing.
Knowledge sharing refers to the exchange of key information between employees and supervisory staff. If your employees are waiting around to get help from their colleagues, something needs to change.
There are many ways to automate knowledge sharing.
Some software, for example, can give instant data-driven insights about sales and marketing efforts. Such insights are necessary for building and completing key tasks.
Even using a platform like Slack can improve communication between employees. With such platforms, your staff can get answers faster. This can reduce project delays and boost productivity.
5. Use Chatbots
Artificial intelligence (AI) is designed to make standard human tasks easier and faster. Implement a chatbot into your website to field general customer service questions.
This is especially valuable if your business offers services or products of any kind. Chatbots can also make you competitive from a marketing perspective.
Don’t let unproductivity in the office get you down. With these simple business automation tips, you’ll be able to streamline key workflows.
Go paperless as much as possible, automating payroll and document delivery processes. Improve knowledge sharing by using platforms like Slack.
Lastly, automate basic customer service by using a chatbot on your website.
Did you find this post useful? Check out our tips on tapping into your company’s potential here!