Business processes – Eagle Rock IS http://eaglerock-is.com/ Wed, 14 Sep 2022 09:34:05 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://eaglerock-is.com/wp-content/uploads/2021/10/icon-56-120x120.png Business processes – Eagle Rock IS http://eaglerock-is.com/ 32 32 Salesforce improves business processes with Workday – ERP Today https://eaglerock-is.com/salesforce-improves-business-processes-with-workday-erp-today/ Tue, 13 Sep 2022 10:05:11 +0000 https://eaglerock-is.com/salesforce-improves-business-processes-with-workday-erp-today/ Salesforce has expanded its use of Workday to support business growth and its workforce. The news comes as Workday hosts its annual Workday Rising event in Florida this week. The company selected Workday Financial Management, Workday Accounting Center, Workday Adaptive Planning, and Workday Prism Analytics, building on its existing use of Workday Human Capital Management […]]]>

Salesforce has expanded its use of Workday to support business growth and its workforce. The news comes as Workday hosts its annual Workday Rising event in Florida this week.

The company selected Workday Financial Management, Workday Accounting Center, Workday Adaptive Planning, and Workday Prism Analytics, building on its existing use of Workday Human Capital Management (HCM), Workday Recruiting, Workday Time Tracking, and Workday Payroll for States United States and Canada.

With Workday Enterprise Management Cloud, Salesforce can collect financial, HR, and operational data into one adaptable system, delivering more insight, agility, and an improved overall experience for employees.

The Workday product offers an intelligent data core combining financial and HR information, rapid response time, streamlining of the procurement process, the analytical foundation to ingest and transform large volumes of operational activity, and continuous information on its workforce.

Faye Olson, senior vice president of Business Technology, Enterprise Enablement, Salesforce, said, “We have seen firsthand the opportunity of cloud technologies to help our clients build better relationships with their customers. We apply the same mindset to our own technology strategy – focusing on innovative solutions that create an agile foundation for us to adapt and grow. Workday’s finance and HR management solutions provide a single system for creating collaborative opportunities for our finance and HR organizations.

Doug Robinson, co-president of Workday, said, “As cloud innovators, Salesforce and Workday understand the value of technology in driving digital transformation as organizations adapt to keep pace in today’s dynamic environment. Salesforce’s expanded use of Workday to include financial management underscores the power of a comprehensive digital backbone to manage change and bring financial and HR information together to drive growth.

Other Workday Rising news also saw Workday launch a new industry program to accelerate customer cloud transformations. The company’s industry accelerators, as they are called, will target the banking, healthcare, insurance and technology sectors.

Initial industrial accelerator partners include Accenture, Deloitte, KPMG and PwC.

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Coromatic streamlines business processes with IFS Cloud – ERP Today https://eaglerock-is.com/coromatic-streamlines-business-processes-with-ifs-cloud-erp-today/ Tue, 06 Sep 2022 13:04:49 +0000 https://eaglerock-is.com/coromatic-streamlines-business-processes-with-ifs-cloud-erp-today/ IFS Cloud Field Service Management (FSM) was selected by Coromatic Group, a Nodric vendor that secures availability of power and data communications for mission-critical functions, to improve productivity, streamline scheduling processes and support growth. IFS solution partner, Prevas, will play a key role in the implementation of IFS Cloud FSM and its deployment in Sweden, […]]]>

IFS Cloud Field Service Management (FSM) was selected by Coromatic Group, a Nodric vendor that secures availability of power and data communications for mission-critical functions, to improve productivity, streamline scheduling processes and support growth.

IFS solution partner, Prevas, will play a key role in the implementation of IFS Cloud FSM and its deployment in Sweden, Denmark and Norway.

With plans for significant expansion, Coromatic needed a system that could meet its immediate need to improve the efficiency of its IT operations, as well as solutions and a partner to rely on for the growth of its his company.

The IFS solution is expected to have 350 users and cover all aspects of FSM business processes at Coromatic, including case management, scheduling, work order management, logistics, mobile fulfillment and provides a customer portal. With many Coromatic customers running mission-critical infrastructure, IFS Cloud was seen as a flexible platform providing user experience and innovation.

Ann-Kristin Sander, Managing Director, Nordics, IFS, said, “We are delighted that Coromatic has chosen IFS’ digital innovation to drive its future growth and enable it to deliver Moments of Service to its customers. Coromatic really appreciates our expertise in field service management, and we have already built a strong relationship of trust with them. We look forward to continuing to work with them over the months and years to come to implement their roadmap and expansion plans. »

Henrik Wahl, Service Manager at Coromatic, said: “With the help of the FSM solution from IFS, we can optimize the service process, equipping our service technicians with modern and efficient tools to improve the quality of service for our customers. We are delighted with the partnership with IFS.

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NBFC leverages artificial intelligence and machine learning to automate business processes https://eaglerock-is.com/nbfc-leverages-artificial-intelligence-and-machine-learning-to-automate-business-processes/ Thu, 01 Sep 2022 17:35:27 +0000 https://eaglerock-is.com/nbfc-leverages-artificial-intelligence-and-machine-learning-to-automate-business-processes/ 🔊 Listen to this article Over the past two years Hinduja Leyland Finance has focused on activities beyond our traditional new vehicle finance business and we are now trying to tap into the other life cycle of a vehicle, namely the operating life cycle and the resale market of a vehicle. To learn more about […]]]>

Over the past two years Hinduja Leyland Finance has focused on activities beyond our traditional new vehicle finance business and we are now trying to tap into the other life cycle of a vehicle, namely the operating life cycle and the resale market of a vehicle. To learn more about the phygital model of NBFCs, Shruti Jain of Elets News Network (ENN), interacted with Kunal Kathpalrisk manager, Hinduja Leyland Finance.

Q. How does AI and ML contribute to the ongoing evaluation of the underwriting and risk model for NBFCs?

Rep. NBFCs in India are required to perform KYC and credit assessment as part of the credit underwriting process. Traditionally, these were done based on documents provided by the applicants and then a credit underwriter would manually interpret them based on the credit policy. This method presented challenges such as scalability, evaluation errors, cost and standardization, etc. This model also had its own share of limitations like input errors, outputs had more returns than decisions.

However, over time, NBFC learned this art of lending and turned it into a science, giving it the agility to adopt AI and ML for this customer segment.

With increasing digital footprint in the new era, NBFCs in India are leveraging Artificial Intelligence (AI) and Machine Learning (ML) solutions to automate
their key business processes such as customer onboarding, decision making, risk management, etc.

According to a recent study by FICCI and PWC, 83% of Indian financial organizations say that AI helps improve customer experience.

These models are prepared in such a way that they are improvised based on historical data and current trends. Credit model management teams continuously review model adjustments based on correlated macroeconomic indicators. The performance of these models is compared to the organization’s risk appetite. It is therefore a continuous evaluation process.

Q. As emerging technologies disrupt NBFCs, what risks does your organization face in onboarding traditional customers during the journey?

Rep. As India has embarked on the journey to increase its digital footprint and grow the banking population by expanding its banking network to tier 3, 4 cities and rural sector. There are still customers who are new to credit with a small digital footprint, hence the reliance on manual onboarding for these customers.

When onboarding these customers due to the limited digital footprint and lack of data in some areas, credit underwriters face challenges such as –

Subjective parameters – there is still a heavy reliance on documentation for some of the settings in the dashboards which are populated by personal judgment.

Human interpretation – lack of authentic data source that can help to assess viability assessment and borrower cash flow human intervention is required to interpret the data.

Scalability and decision time – Given the huge reliance on human judgment based decision-making process, this will always cause scalability issues and require time-consuming efforts as each decision-making parameter has to be validated manually.

However, as the digital footprint grows, traditional models are also evolving towards “phygital – combination of digital and physical” subscription models.

Q. How is RPA used in the risk management section? How does it prevent fraud?

Rep. Automation of robotic processes is an automated technology that can record actions performed by humans on a computer, and then this process can be done without humans.

RPA helps reduce overall risk in four ways:
1. Minimize human judgment – An RPA robot performs tasks without any human faults such as biases, variations, errors or fatigue.

2. Simplification of credit reporting – When applying RPA in the loan origination system, processes such as verification, conversion, and KYC validation become more streamlined, thereby streamlining the overall credit assessment of applicants.

3. Compliance Factor – An RPA will be different for different types of products.
This ensures that any product-specific changes are updated in the RPA system, reducing the time needed to recreate separate systems for separate products.

4. Standardize the process – An updated version of RPA can ensure that your business will be able to keep up to date with all the necessary requirements. The right RPA automation tool would be agile and mitigate risk by allowing systems to make room for any new changes to occur and deal with complexity.

RPA prevents fraud in the following ways:

1. Reassess current processes
Financial organizations can program RPA bots to examine current and historical financial transactions to find anomalies and typical patterns that may indicate illegal or fraudulent activity. RPA will require the financial institution to investigate, document, and evaluate current processes, leading to deeper insights and identifying high-risk areas.

2. Identification of vulnerabilities – RPA bots can be automated to review current transactions and compare them to historical transactions to assess a pattern in a timely manner, helping to identify uneven patterns that may expose anomalies that may be illegal or fraudulent activities .

3. Accelerating Fraud Investigations –RPA gathers data from multiple sources and then analyzes it faster, allowing investigators to spend more time solving fraud cases.

Q. How does Hinduja Leyland diversify risk across sectors?

Rep. Hinduja Leyland Finance has diversified its portfolio into various categories such as commercial vehicle finance, construction equipment finance, personal vehicle finance, loan against property and affordable housing finance.

All of these products have their own set of customers and markets with different behavioral patterns, allowing us to design our products around a different risk appetite for each.

What are your plans for 2023?

Rep. As a company, we are on a continuous journey to achieve our mission of “to be among the most preferred financial service providers in India for all our stakeholders (customers, partners, employees, shareholders) “

Over the last 2 years HLF has focused on activities beyond our traditional new vehicle finance business and we are now trying to tap into the other life cycle of a vehicle which is the life cycle operating and vehicle resale market. For this we have launched platforms like GRO digital in partnership with Ashok Leyland where GRO will manage (and in the process facilitate) various operational aspects of the vehicle operating life cycle (such as load matching, fleet, fastTag, fuel refill, etc.) and HLF will offer credit products around this, such as bill discounting, tire credit, fuel credit, etc.

Also, HLF through its subsidiary Gaadi Mandi has created an online platform for the sale/purchase of used vehicles. This has contributed to a better fulfillment of the resale of repossessed vehicles by HLF and other lenders (with whom we plan to link up) by removing middlemen.

These initiatives, however, are in their infancy and will help us grow faster by mitigating risk (helping the client grow revenue through the GRO platform and Ring Fence cash flow, as the cash flow and payments will go through these specific platforms/systems) and improved fulfillment and cost savings through Gaadi Mandi.

Therefore, we will continue our journey towards achieving our mission statement by digitizing more and more processes as our customer’s data footprint grows and create an ecosystem of ease of doing business by supporting the customer while throughout its life cycle.

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Digital elevation models transform business processes https://eaglerock-is.com/digital-elevation-models-transform-business-processes/ Mon, 22 Aug 2022 08:54:23 +0000 https://eaglerock-is.com/digital-elevation-models-transform-business-processes/ Fathom was the SME winner of The Stack’s Tech for Good 2021 awards Mapping the Earth’s topography, or the shape of the Earth’s surface, was primarily of interest to the military, civil engineers, and academics. With the advent of smartphone apps, however, these datasets have entered the public consciousness, in the form of countless services […]]]>

Fathom was the SME winner of The Stack’s Tech for Good 2021 awards

Mapping the Earth’s topography, or the shape of the Earth’s surface, was primarily of interest to the military, civil engineers, and academics. With the advent of smartphone apps, however, these datasets have entered the public consciousness, in the form of countless services that allow us to seamlessly navigate and interact with complex geographic and geospatial data. Or just follow and share our Sunday morning bike ride.

In the corporate world, geospatial data and analytics are now firmly on the agenda of corporate boards, writing Dr Andrew SmithChief Operating Officer, Fathom. From CEOs and CIOs to risk managers and data scientists, terrain datasets known as digital elevation models (DEMs) are used in business processes far beyond consumer smartphone apps. .

Enterprises use DEMs in risk mitigation, compliance, engineering, infrastructure, and automotive use cases. In utilities and NGOs, DEM datasets are used to map potentially dangerous areas, plan future emergency response, and coordinate rescue and aid missions following natural disasters.

Digital Elevation Models or DEMs Explained

DEMs take the form of a digital surface model (DSM) or a digital terrain model (DTM), the former containing surface artifacts such as buildings and trees and the latter retaining only information about the underlying ground or the bare earth itself. These datasets can be collected in a variety of ways, including laser altimeter (LiDAR) data collected through aircraft surveys and data collected from space using near-infrared, radar, and visible sensors. On a global scale, it is to this last category of data collection that we are limited. Consequently, this has presented significant challenges in obtaining an accurate image of the Earth’s surface over the past decades.

Global terrain data falls under the DSM category, retaining surface features as radar beams bounce off the tops of trees, buildings, and other artifacts. For some applications, such as risk mitigation, the presence of these artifacts prevents us from using them accurately. Think of the difference it would make if you were in a tall building during a flood – the difference of just a few meters can have a huge impact on the devastating effects of a flood. Simply put, without an accurate map of the entire surface of the Earth, mapping and avoiding the most dangerous places becomes very difficult. Yet recent research suggests that if we avoid using and building on hazardous areas, we can avoid the majority of future risks. As we try to manage the impact of climate change on changing weather patterns, identifying risk areas becomes increasingly important.

The data challenge scarcity

Mapping of this type is precisely what we do at Fathom, building flood models that cover the entire planet. Our data is used in multiple sectors, including (re)insurance, engineering, financial markets, enterprise risk management and disaster response. Until recently, our ability to build models on a global scale was severely limited by the availability of accurate field data. In data-poor areas, we relied on a legacy dataset derived from a radar product collected by NASA’s space shuttle, called the Shuttle Radar Topography Mission (SRTM). This dataset is over 20 years old and is riddled with instrumentation errors, as well as superfluous surface features, including newly constructed city buildings. These must be removed in order to build an accurate flood pattern.

That all changed last year when a new global terrain dataset called Copernicus GLO-30 (COPDEM30) was released by the European Space Agency. COPDEM30 is a ~30m resolution DSM collected by the TanDEM-X mission, a mission whose sensors operate at a native resolution of ~12m. The precision and accuracy of the missions’ sensors have enabled COPDEM30 to become the new benchmark in global terrain mapping, containing far more information than previous datasets. However, the data still represents a DSM; to unlock true data functionality, all surface features had to be removed. This is where global hydrology, and in particular the flood risk modeling community, came into the picture.

Figure 1: Example of different terrain data sets in Rockhampton, Australia. On the left is MERIT DEM, a terrain dataset derived from SRTM. In the middle is the recently released FABDEM and to the right is a locally derived aircraft-surveyed LiDAR terrain dataset that can be taken as the reference.

Machine learning in cartography

By striving to build global flood hazard models over the past 20 years, the flood modeling community has become de facto experts in processing DSM data into DTM data. A year after the release of COPDEM30, a team of flood modelers released the Copernicus Deleted Forest and Buildings DEM (FABDEM), a global DEM derived from a reprocessing of COPDEM30. The team behind FABDEM trained machine learning (ML) algorithms on a suite of predictor variables to estimate artifact location and to characterize artifact size. These ML-trained algorithms were deployed to remove all estimated surface artifacts in the COPDEM30 dataset. The result was a global DEM, representing a significant advance in our ability to model the Earth’s bare surface.

An obvious area of ​​application for this new dataset is in flood modeling, especially in data-poor areas. Flood models generally simulate the propagation of water across the Earth’s surface. They therefore need an accurate terrain dataset on which to simulate water flow. The advent of FABDEM ensures that even in areas where no local information is available, useful flood risk information can be derived. This means we can deliver meaningful and actionable risk information anywhere in the world. For example, we can deploy FABDEM to avoid construction and development in regions most prone to flooding, including a recent project where Fathom’s global data was used to identify safe locations to build schools in rural areas. from Peru.

Figure 2: Simulation of flood risk in the three different terrain datasets shown in Figure 1.

But the relevance of this data goes far beyond flood modeling and far beyond all forms of hazard modeling. This data can be deployed wherever an accurate model of the Earth’s surface is required; from infrastructure planning and industrial visualization to navigation apps on the smartphones of billions of people. The next time you use an app to map your commute to the office or your morning bike ride, the underlying data might have been produced by a small group of scientists in the world of flood modeling.

About FABDEM

FABDEM lets you create powerful maps and 3D simulations of the earth’s surface and accurately model natural hazards. Derived from Copernicus GLO 30 and built using machine learning methods, FABDEM is the world’s first digital elevation model to remove forests and buildings at 30 meter resolution to give an accurate picture of the terrain at level. of the ground. Developed in collaboration with the University of Bristol, FABDEM’s high-resolution digital terrain data ensures its value in the insurance and engineering sectors, as well as for GIS mapping and geospatial analysis. For more information visit: https://www.fathom.global/product/fabdem/

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Key Considerations for Improving Your Business Processes and ETRM System Implementation | Timely LLP https://eaglerock-is.com/key-considerations-for-improving-your-business-processes-and-etrm-system-implementation-timely-llp/ Fri, 19 Aug 2022 17:21:16 +0000 https://eaglerock-is.com/key-considerations-for-improving-your-business-processes-and-etrm-system-implementation-timely-llp/ Why Systems Can Define Business Processes A trading and risk system, like RightAngle for example, can help define business processes and provide better controls. Based on system security roles, there can be a valid segregation of duties that can ensure that invoices are paid correctly. In the payable invoice example, several elements make up the […]]]>

Why Systems Can Define Business Processes

A trading and risk system, like RightAngle for example, can help define business processes and provide better controls. Based on system security roles, there can be a valid segregation of duties that can ensure that invoices are paid correctly. In the payable invoice example, several elements make up the total value (i.e. price, quantity, lead time, payment terms, etc.).

The price can be a fixed price or a formula using a price publication like OPIS or Platts. When using a system, contract details are captured around important elements. If pricing is formula-based, base prices can be interfaced into the system from pricing services such as OPIS and Platts, meaning no human error is involved. manually, it can be entered by a pricing analyst, depending on their security roles in the system.

READ MORE: A Riddle to Solve: The 3 Best Ways to Assess the Suitability of an ETRM for Your Organization

The planner can then enter all relevant movement information, which would then provide the data needed to calculate the total value. From that point, an Accounts Payable Analyst would receive the invoice and use the total value calculated by the system to post the invoice. No manual approval is needed as each step in the process has been completed and the validation is that the invoice amount matches the value calculated by the system.

Examples of how systems implementations can simplify business processes

Several years ago, there was an energy company that was growing through acquisitions. The original entity has acquired other entities twice as large as the original entity. They kept acquiring other entities to the point that it ended up being at least four different entities combined into one company. When this happens, especially if it’s fast, business processes become disjointed. He may end up with one set of assets using one set of business processes and another set of assets using another business process. This situation makes a company’s controls weak and makes it difficult for auditors to perform their duties. This particular energy entity attempted to consolidate all of the combined activities into a trading and planning system that was not sophisticated enough to handle core business functions.

READ MORE: ETRM of the Future

When the time came for this entity to purchase an ETRM system, they recognized that it was an opportunity to clean up their internal business processes. The system they chose was one that was developed for a company that had exceptionally good business processes and controls. The system was designed based on the existing business processes of the original development partner, with some enhancements. The flow through the system made it easier to define new business processes when implementing the new system. The entity that implemented the system has gone through many changes and divestitures, but the original central entity, now another company, still uses that system and business processes.

READ MORE: 10 Ways to Create Layers of New Value Around Your ETRM System

Another good example of how a system can help streamline business processes involves a new start-up business. In the case of a startup, there is no business process. If there is no system implemented, processes can grow organically. When the first contract is issued, they develop this process, and then when they pay their first invoice, they develop this process. As business grows and employees are added, the original processes may not be sufficient for a growing organization. This can present an opportunity to implement a software system and track system flow processes and controls. During implementation, by relying on knowledgeable consultants during system implementation, processes and controls can then be built into the software implementation to streamline business processes.

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Ayekart to help AP tribal women digitize business processes and tap into opportunities https://eaglerock-is.com/ayekart-to-help-ap-tribal-women-digitize-business-processes-and-tap-into-opportunities/ Fri, 05 Aug 2022 07:00:00 +0000 https://eaglerock-is.com/ayekart-to-help-ap-tribal-women-digitize-business-processes-and-tap-into-opportunities/ Ayekart, a tech startup that helps farmers and businesses in the agribusiness value chain, has signed an agreement with Chinnayya Adivasi Vikas Sangham (CAVS) in Andra Pradesh to improve tribal incomes. Established by Padala Bhudevi, who received the ‘Nari Shakti Puraskar’ from President Ram Nath Kovind two years ago, CAVS works with tribes in the […]]]>

Ayekart, a tech startup that helps farmers and businesses in the agribusiness value chain, has signed an agreement with Chinnayya Adivasi Vikas Sangham (CAVS) in Andra Pradesh to improve tribal incomes.

Established by Padala Bhudevi, who received the ‘Nari Shakti Puraskar’ from President Ram Nath Kovind two years ago, CAVS works with tribes in the northern coastal region of Andhra Pradesh. The association has helped many tribal women to become entrepreneurs.

The two entities will work on initiatives promoting nutrition, improving agricultural practices and consuming millet.

The CAVS will offer support to agricultural producer organizations and micro, small and medium enterprises in scaling up their operations.

“This partnership will provide us with a platform to expand our basket of services, which includes technology, finance, management and links. This will help us leverage the core network, financial solutions and supply chain solutions,” said Debarshi Dutta, co-founder and managing director of Ayekart, on Thursday.

“We also strive to secure funding through different sources such as corporate social responsibility programs, non-governmental organizations and government agencies to help boost the productivity and business of entrepreneurs there,” Dutta said.

Ayekart will create an end-to-end solution by digitizing, managing and providing financing to farming communities.

Published on

August 05, 2022

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Business Process Outsourcing Market Size, Scope, Growth Opportunities, Trends by Manufacturers and Forecast to 2029 – Shanghaiist https://eaglerock-is.com/business-process-outsourcing-market-size-scope-growth-opportunities-trends-by-manufacturers-and-forecast-to-2029-shanghaiist/ Thu, 04 Aug 2022 03:26:41 +0000 https://eaglerock-is.com/business-process-outsourcing-market-size-scope-growth-opportunities-trends-by-manufacturers-and-forecast-to-2029-shanghaiist/ New Jersey, United States – This detail business process outsourcing market analysis presents a review of crucial industries, which are instrumental in driving the growth of the market. This market research report further depicts the startup mergers, acquisitions, strategies, product launches, and collaborations followed by industry players in the market. The industry players in the […]]]>

New Jersey, United States – This detail business process outsourcing market analysis presents a review of crucial industries, which are instrumental in driving the growth of the market. This market research report further depicts the startup mergers, acquisitions, strategies, product launches, and collaborations followed by industry players in the market. The industry players in the market are making more efforts to use new technologies to gain a competitive advantage over the fierce competition in the market. In order to maintain their position in the market, most of the organizations follow new developments, expansions, long-term contracts and product developments recently. It further covers how COVID-19 has affected a number of industries. It did not affect industries, but also affected important parts of society such as public transport, large gatherings and a few means of transport.

Business Process Outsourcing market research plays an important role in making business decisions. Making data-driven decisions is difficult due to the rapidly changing market landscape. But in this regard, it helps immensely and facilitates several crucial business operations in an industry. It not only predicts business growth and market size, but also focuses on collecting accurate data and qualitative assessments about the direction of the business. This Business Process Outsourcing Market report performs a detailed study of the volatile market environment to provide key players with important data regarding key developments and market tactics. It greatly helps business players in making important decisions.

Get Sample Full PDF Copy of Report: (Including Full TOC, List of Tables & Figures, Chart) @ https://www.verifiedmarketresearch.com/download-sample/?rid=33787

Key Players Mentioned in the Business Process Outsourcing Market Research Report:

Smartsheet Inc., Accenture plc, ADP, LLC, Tata Consultancy Services Limited, NTT DATA Capgemini, Genpact.

Global Business Process Outsourcing Market Segmentation:

Business Process Outsourcing Market, By Application

• Sales and Marketing
• Human resource
• Coaching
• Customer service
• Facilities and administration
• Others

Business Process Outsourcing Market, By End User

• Banking, financial services and insurance
• Telecommunications and IT
• Manufacturing
• Others

This Business Process Outsourcing Market report helps a number of investors, shareholders as well as companies understand the difficult areas of marketing ideas, technical development, key issues and systematic analysis in order to achieve a long-term competitive gain in the industry. It then discusses the fundamental facets of the market along with the market drivers, restraints, existing issues, upcoming opportunities, and forecasts. This business process outsourcing market study presents some accurate insights about the customers in order to develop technological strategies to make the investment worthwhile. It uses both primary and secondary methods to offer wide-ranging industry data to help you make business choices and introduce new items into the market.

Inquire for a discount on this Premium Report @ https://www.verifiedmarketresearch.com/ask-for-discount/?rid=33787

To prepare the table of contents, our analyst did extensive research on the following:

Presentation of the report: It includes key Business Process Outsourcing Market players covered in the research study, research scope, market segments by Type, market segments by Application, years considered for study research and the objectives of the report.

Global Growth Trends: This section focuses on industry trends where market drivers and key market trends are shed light on. It also provides growth rates of major producers operating in the Business Process Outsourcing market. Also, it offers production and capacity analysis where marketing price trends, capacity, production, and production value of Business Process Outsourcing market are discussed.

Market Share by Manufacturers: Here, the report provides details about manufacturers’ revenue, production and capacity by manufacturers, prices by manufacturers, expansion plans, mergers and acquisitions and products, market entry dates, distribution and market areas of major manufacturers.

Market Size by Type: This section focuses on the product type segments where production value market share, price and production market share by product type are discussed.

Market Size by Application: Along with an overview of the Business Process Outsourcing market by application, it gives a study on the consumption of the Business Process Outsourcing market by application.

Production by region: Here, production value growth rate, production growth rate, import and export, and key players in each regional market are provided.

Consumption by region: This section provides consumption information in each regional market studied in the report. Consumption is discussed according to country, application and product type.

Company Profiles: Almost all the major players of the Business Process Outsourcing Market are profiled in this section. The analysts have provided information on their recent developments in the Business Process Outsourcing market, products, revenue, production, activities, and company.

Market forecast by production: The production and production value forecasts included in this section are for the business process outsourcing market along with major regional markets.

Market forecast by consumption: Consumption and consumption value forecasts included in this section are for Business Process Outsourcing market along with major regional markets.

Value chain and sales analysis: It provides an in-depth analysis of customers, distributors, sales channels and value chain of the Business Process Outsourcing market.

Main conclusions: This section provides a quick overview of important findings from the research study.

For more information or query or customization before buying, visit @ https://www.verifiedmarketresearch.com/product/business-processes-outsourcing-market/

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Automation strategies to optimize end-to-end business processes https://eaglerock-is.com/automation-strategies-to-optimize-end-to-end-business-processes/ Wed, 03 Aug 2022 08:20:58 +0000 https://eaglerock-is.com/automation-strategies-to-optimize-end-to-end-business-processes/ Looking for ways to optimize your end-to-end business processes? If so, you’re in luck! This blog post will discuss seven automation strategies that can help streamline your operations. By automating these processes, you will be able to improve efficiency and reduce costs. What is business automation and how it can help improve organizational efficiency Business […]]]>

Looking for ways to optimize your end-to-end business processes? If so, you’re in luck! This blog post will discuss seven automation strategies that can help streamline your operations. By automating these processes, you will be able to improve efficiency and reduce costs.

What is business automation and how it can help improve organizational efficiency

Business automation is the technological automation of complex business processes. It can streamline a company’s operations and reduce the need for labor, thereby improving efficiency and reducing costs.

It can automate various tasks, including data entry, product order fulfillment, invoicing, and customer service. In recent years, business automation software has become increasingly prevalent as businesses strive to improve their bottom line.

Although business automation processes can provide many benefits, it is essential to note that it is not a silver bullet; certain risks are associated with its implementation.

For example, if not properly managed, it can lead to disruptions in business operations and cause employee dissatisfaction. Nevertheless, when used correctly, it can be a powerful tool for organizational effectiveness.

Different types of business automation tools and technologies available

Many types of business automation tools are available in the market today. Here are ten of the most popular:

1) Audio to text automation tools

Audio-to-text automation tools have become increasingly popular in recent years, as they provide a convenient way to transcribe speech into written text. These tools use powerful speech recognition algorithms to convert spoken words into text and are constantly improving their accuracy.

Additionally, they can be used to transcribe meetings, lectures, and other audio recordings. While audio-to-text automation tools can be beneficial, they’re not perfect. Some common errors include misrecognition of words, incorrect punctuation of dialogues, and mistranscription of numbers and symbols.

For these reasons, it is essential to proofread any transcript generated by an automated tool. However, audio-to-text automation tools can save a lot of time and effort, and they are essential for anyone who needs to transcribe speech into written text.

Many audio-to-text automation tools are available in the market today. One of the most popular options is happyscribe. You can convert audio to text with Happy Scribe six times faster than in real time, providing high accuracy.

Happyscribe offers many features that make it an attractive option for those looking to automate their audio transcription process. For example, it offers multiple language options, making it a versatile tool for those whose audio files are in different languages.

2) Task management software

This software helps you manage and automate tasks by providing a central location to track all of your tasks. Task management software is essential for anyone who needs help staying organized and keeping track of their tasks. Individuals or teams can use it, and it offers many features that make it a versatile tool for task management.

Trello is one of the most popular options for task management software. It’s a flexible tool that can be used for a variety of purposes, including project management, event planning, and personal organization.

Trello offers many features that make it an attractive option for those looking for a task management tool, such as creating custom boards, adding labels and due dates to tasks, and attaching files to tasks. tasks.

Asana is another popular option for task management software. It offers features similar to Trello, including creating custom boards, adding labels and due dates to tasks, and attaching files to tasks.

Asana also offers several features that make it unique, such as the ability to create subtasks, set dependencies between tasks, and track project progress.

3) Lead generation software

This software helps you generate leads automatically by scouring the internet for potential customers and contacting them with personalized messages. Popular lead generation software includes HubSpot and Pardot.

HubSpot offers a number of features that make it an attractive option for those looking for a lead generation tool. For example, it offers the ability to create custom contact lists, send personalized emails, and track the performance of your campaigns.

Pardot is another popular option for lead generation software. It offers features similar to HubSpot, such as the ability to create custom contact lists, send personalized emails, and track the performance of your campaigns.

However, Pardot also offers a number of unique features, such as the ability to segment your prospects by interests and behavior and create dynamic content that changes based on what you know about your prospects.

4) Customer Relationship Management (CRM) Software

This software helps you manage customer relationships by providing a central location to track all customer data. Salesforce is a popular CRM software with several features that make it an attractive option for those looking for a CRM tool.

For example, it provides the ability to track customer data, create custom reports, and manage customer relationships.

Zoho CRM is another popular CRM software that offers similar features to Salesforce. However, Zoho CRM also offers unique features, such as creating custom fields, workflows, and dashboards.

5) Marketing Automation Software

This software helps you automate your marketing tasks by giving you a central location to track your marketing campaigns. Marketo is a popular marketing automation software with several features that make it an attractive option for those looking for a marketing automation tool.

For example, it offers the ability to create custom campaigns, track your campaign performance, and automate email marketing.

HubSpot Marketing is another popular marketing automation software that offers similar features to Marketo. However, HubSpot Marketing also offers the ability to create landing pages, A/B test your campaigns, and use artificial intelligence to optimize your campaigns.

6) Social media management software

This software helps you manage your social media accounts by providing a central location to track your social media activity. Hootsuite is a popular social media management software with several features that make it an attractive option for those looking for a social media management tool.

For example, it offers the possibility to follow your activity on social networks, to schedule publications and to measure the performance of your campaigns.

Sprout Social is another popular social media management software that offers similar features to Hootsuite. However, Sprout Social also provides features, such as creating custom reports and using artificial intelligence to help you manage your social media accounts.

7) Content Management Software

This type of software helps you manage your website content by providing you with a central location to track all of your content. WordPress is popular content management software with several features that make it an attractive option for those looking for a content management tool.

For example, it offers the ability to create personalized posts, track your website performance, and manage your website content.

Drupal is another popular content management software that offers similar functionality to WordPress. However, Drupal also offers some unique features, such as creating custom modules and using artificial intelligence to help you manage your website content.

Content management software helps you keep track of all your digital assets in one place while providing flexibility with editing tools and multiple user permissions. Approval workflows ensure smooth collaboration between team members during revision history.

7) Data management software

This type of software helps you manage your business data by giving you a central location to track all of your data. Popular data management software includes MongoDB and Cassandra.

MongoDB is popular data management software that offers a number of features that make it an attractive option for those looking for a data management tool. For example, it provides the ability to create custom databases, track your data performance, and manage your business data.

Cassandra is another popular data management software that offers similar functionality to MongoDB. However, Cassandra also offers a number of unique features, such as the ability to create custom columns and use artificial intelligence to help manage your business data.

8) Financial management software

This type of software helps you manage your business finances by giving you a central location to track your financial data. Popular financial management software includes QuickBooks and Xero.

QuickBooks is popular financial management software with several features that make it an attractive option for those looking for a financial management tool. For example, it offers the ability to create custom reports, track your business finance performance, and manage your business finances.

Xero is another popular financial management software that offers similar functionality to QuickBooks. However, Xero also offers many unique features, such as creating custom invoices and using artificial intelligence to help you manage your business finances.

As you can see, there are many types of business automation tools available in the market today. Each tool has its unique set of features and benefits that can help your business become more efficient and productive.

Optimize efficiency

In conclusion, there are many ways to automate your business processes to maximize efficiency. By using the tools we’ve covered in this blog post, you can streamline your operations and improve your results.

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Automate business processes with AI and RPA bots https://eaglerock-is.com/automate-business-processes-with-ai-and-rpa-bots/ Wed, 03 Aug 2022 01:05:22 +0000 https://eaglerock-is.com/automate-business-processes-with-ai-and-rpa-bots/ Estimated reading time: 4-5 minutes It’s true: bots are changing the workplace as you know it. It’s not that bots just free up humans – they empower humans to do more by taking over daily, repetitive tasks and freeing up their time for other important things. This is the goal of Robotic Process Automation (RPA). […]]]>

Estimated reading time: 4-5 minutes

It’s true: bots are changing the workplace as you know it. It’s not that bots just free up humans – they empower humans to do more by taking over daily, repetitive tasks and freeing up their time for other important things. This is the goal of Robotic Process Automation (RPA).

Today, you may be wasting valuable time and money with manual processes that could easily be handled by automation. To give you an idea of ​​how to improve efficiency, here are some tasks that different industries are delegating to robots instead of humans these days.

Invoice processing

Instead of having someone manually process invoices in your accounts payable department, bots can read invoices from email or other external sources and capture relevant invoice data. This information is then entered into accounts payable systems for triple matching.

According to Intelgic, businesses can save up to 80% on these billing costs. This could be especially useful for those in the manufacturing industry, as many vendors and suppliers send out hundreds of invoices to process. What could your business do with that extra money?

Account reconciliation via AI bot

Account reconciliation is the most tedious and time-consuming task for any accounting department. According to an Ernst & Young survey, up to 59% of a finance department’s resources are involved in conducting transaction-intensive operations. Up to 95% of their efforts are wasted on already valid transactions.

Surprisingly, most people still approach this process manually. A survey by the Institute of Management Accountants found that 61% of finance organizations remain “heavyly dependent” on spreadsheets. This means accountants are spending more time on something that is much more likely to be inaccurate.

Intelgic’s account reconciliation bot can easily read bank and credit card statements, capture transactions and update accounting system such as QB, Netsuite, etc. You can save at least 80% of your time.

Accounting Automation

If you’re not already automating your accounting processes, you might want to consider making this transition sooner rather than later. While making mistakes is certainly human, innocent mistakes could end up costing you more than you realize. Gartner reports that bots could prevent 25,000 hours of avoidable rework due to human error, saving about $878,000.

Automate business processes with AI and RPA bots
Photo: PaeGAG/Shutterstock.com

When you implement AI and robotic process automation in accounting, you no longer have to worry about daily repetitive tasks bogging you down. Software robots can mimic common actions (such as clicking a mouse, entering data, sending emails, reading invoices, etc.) and automate each of these tasks in a secure cloud server. Delegating these mundane tasks to bots instead of humans can improve both your bottom line and company morale, as employees’ time will be freed up for other things.

Procurement process

The thought of ordering goods and supplies for your business, especially manufacturing facilities, can be daunting. One wrong or forgotten order or a delay in ordering essential materials and your business can really stumble. Taking this huge task off your procurement team’s shoulders can be a huge relief. Bots can tackle monotonous and repetitive tasks, while real people can handle the things artificial intelligence can’t. These bots can handle purchase orders, contract management, and vendor relationship management (to some extent). Bots can analyze emails and contracts to find the best prices, discounts and discounts.

How to get started with automation

Now that you have an idea of ​​how robotic automation (RPA) and AI are simplifying and streamlining processes across a wide range of industries, it’s time to test it out for yourself to see the difference.

The transition from manual to automated processes can seem overwhelming if you’ve gotten used to doing things a certain way for a long time. Fortunately, the Utah-based team at Intelgic makes it easy to move from old ways to more innovative ones through automation. From implementation to integration, they will support you every step of the way to ensure a smooth transition.

Start saving time and money with process automation. Visit intelgic.com for a free demo today.

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JD Duarte explains how to properly analyze business processes https://eaglerock-is.com/jd-duarte-explains-how-to-properly-analyze-business-processes/ Sun, 31 Jul 2022 00:19:32 +0000 https://eaglerock-is.com/jd-duarte-explains-how-to-properly-analyze-business-processes/ Business process analysis is one of the most effective techniques for examining the achievement of organizational objectives. With this resource, companies have the ability to assess whether business processes are fully executed and compliant in achieving the objectives stipulated in advance. JD Duarte, an entrepreneur and business expert from Costa Rica, provides insight […]]]>


Business process analysis is one of the most effective techniques for examining the achievement of organizational objectives. With this resource, companies have the ability to assess whether business processes are fully executed and compliant in achieving the objectives stipulated in advance. JD Duarte, an entrepreneur and business expert from Costa Rica, provides insight into the importance of business process analysis.


To change anything in your business, you must first start by understanding what you want to change. Thanks to the implementation of business process analysis, you will be able to know and channel the various inconveniences that appear within the operation of the company. These inconveniences, while avoidable, can cloud the execution of pending tasks and the achievement of business goals. So feel free to apply this analysis process.


Business process analysis, or Business Process Modeling (BPM), is an effective method that allows you to understand the details of a business process in greater depth and leads you to perfect it. According to the ABPMP International portal, it is a disciplined approach to identifying, measuring, and controlling business processes that will drive consistent, targeted results aligned with an organization’s strategic goals.


In business analysis, parameters that affect each process can be evaluated, such as time, capacity, quality, and cost involved in each process. It is a collection of data from the beginning of the process until the end of the activities.


However, collection alone is not enough. This information must also be interpreted. Duarte says, “Make decisions with data; understanding what data is valuable and how to interpret it is a skill. But using this data every day to make complex decisions is definitely an art.


This analysis of business processes is essential in order to be able to evaluate each part of the process and identify their interaction with each other to produce results. This technique is part of the business process management model, which is done cyclically. It has different phases, while working continuously and sequentially. This point allows it to be constantly renewed and improved, which will have an impact on a better experience for the company and the customer in particular.


In business process analysis, you can evaluate different data that allows you to monitor and trace the reality of your company’s IT processes. Of course, in the analysis you can find errors or elements that need improvement.


For companies, these strategic processes are important for improving business efficiency, which means that analyzing a process identifies, defines and communicates the entire inner workings of the company. “Business process analysis is a critical factor for the business organization because if a risky process is not assessed in time, it can be detrimental to the future business success of the company,” Duarte adds. .


So far, you know that the business process analysis procedure ensures steady improvement in workflows. Thanks to this system, it is possible to review, analyze and correct all the actions that require it.


For business process analysis to work seamlessly and bring truly positive change to your business, it must be done consistently and continuously. Interference and inconvenience (both internal and external) appear regularly to modify the initial planning.


Within each company there are several processes, some longer than others. Short internal processes are easier to control, but it is essential that you also control those that are more extensive, as they are generally essential for the future of the company.


The idea is that you are able to establish which are the most important processes that you need to analyze at this precise moment and how you will establish the order in which you will perform the analysis. You can choose one that you think needs improvement or that may have flaws in its operation.


About Jose Daniel Duarte


JD Duarte is from Heredia, Costa Rica. He has been an entrepreneur and business owner for over 20 years and splits his time between his existing operations and finding new opportunities to invest in. When he is not devoting time to his business, he spends time with his wife and two children.

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