Every organisation, big or small, runs on processes. They can be short and simple, like emailing updates to co-workers every Monday morning. Or they can be long and complex, like huge manufacturing operations dependent on large-scale supply chains. In either case, the efficiency of these processes is vital to the overall performance and success of the business.
When inefficiencies strike, businesses quickly suffer in several key areas, such as productivity and time to market, which can both seriously impact the bottom line. IDC research has found that inefficiency can cost companies up to 20-30% of their revenue each year.
What makes this even more painful is that many of these inefficiencies are unnecessary, avoidable, and can be solved quickly and cost-effectively - especially given the help that technology can provide.