Search Results for: business agility

[Video] Business Agility through Automated Approvals

Business Agility!

It’s the leading driver for Cloud Computing according to any number of surveys and articles such as this one from Harvard Business Review Analytic Services.

Our infographics and blog articles discuss how we’ve helped customers automate their key processes and become agile businesses. We’ve also created a short (2 min) video below that’ll introduce you to business agility and how frevvo can help.

Interested in finding out more? Visit our website to and see how customers are already using frevvo’s public and private cloud solutions to transform everyday business processes.

[Infographic] Business Agility through automated approvals

Business Agility through Automated ApprovalsBusiness Agility!

It’s the leading driver for Cloud Computing according to any number of surveys and articles such as this one from Harvard Business Review Analytic Services.

It’s a fuzzy concept. An agile business is one that responds rapidly to changing market conditions. That means giving your employees the ability to do the right thing at the right time as they respond to changing customer expectations and being able to adapt and react quickly to take advantage of new business opportunities.

Automating Approvals is critical to Business Agility

Cloud and Mobile are key enablers and one of the most important things your company can do to attain this business agility is to automate your everyday, routine approval workflows to take advantage of cloud + mobile.

Check out this new infographic, where we show you 6 ways digitized approval workflows promote business agility. From reduced business complexity to anytime/anywhere access to enhanced collaboration to taking advantage of new opportunities in global markets to continuous process improvement, automated approval workflows are a must in today’s fast-paced business environment.

frevvo’s cloud-based, affordable solutions can help you digitize these routine approvals like sales orders, travel claims, purchase requisitions and vacation requests so employees have more time to focus on customers and are empowered to do that critical right thing at the right time.

Business agility made easy. Check out the new infographic at left on how frevvo’s cloud & mobile solutions can help you, register for a brief, informative webinar and sign up now for a free 30-day trial.

This Business Agility thing

Cloud Competitive AdvantageOver 90% of businesses are using cloud computing and it does appear to be delivering on its promise with an astounding 74% saying that it provides them with a competitive advantage. Survey after survey (such as this one from Harvard Business Review Analytic Services) claims that:

Business Agility is the leading driver for Cloud Computing.

Unfortunately, business agility is hard to pin down – roughly speaking it’s the ability for your business to react rapidly to changing business conditions. How does cloud help? We think of two main aspects:

  • Responsiveness – Enable employees to do the right thing at the right time. That means reducing business complexity (stop wasting time on paperwork, errors, missing signatures etc.), employee efficiency (let them work anytime, anywhere and using any device) and collaboration (access to people and information from anywhere as needed).
  • New Opportunities – Faster rollout of new business initiatives as business conditions change e.g. introduce a new product offering or modify internal processes to quickly satisfy changed customer demands even something as simple as letting people buy on their mobile phone.

Business Value from CloudBoth are sources of significant competitive advantage. According to HBR, companies are already seeing business value and benefits from simplification, collaboration, and faster reactions to new opportunities. All aspects of agility powered by cloud + mobile.

That agility appears to lead to some very tangible and measurable outcomes: cloud enthusiasts (those further along in their deployments than their counterparts) are more likely to have entered a new market in the past three years (49%) i.e. rolled out business initiatives quickly to take advantage of a new business opportunity or to have been part of a merger or acquisition (49%). Significant majorities believe cloud (+ mobile) reduces business complexity (71%), increases employee productivity (69%) and responsiveness to customers (53%).

Business agility is about both speed and doing the right thing at the right time. Cloud is a key enabler of all these  aspects of agility.

Click here to download the Harvard Business Review report (no registration required).

[Infographic] Cloud + Mobile Approvals drive Business Agility

Cloud & Mobile = Business AgilityCompanies moving aggressively to adopt cloud computing are winning competitive advantage by reducing complexity and increasing business agility, according to a recent study by Harvard Business Review Analytic Services.

What is Business Agility?

It’s hard to define. Wikipedia’s article acknowledges that it has multiple issues. We’ll define it as the ability to react in a timely manner to changing business conditions. That could mean any number of things such as responding to customer complaints on social media or quickly creating new offerings to take advantage of the latest hot trend.

In many cases, this means giving your employees the ability to take the right action at the right time. Whether they’re at work in the office or on the road traveling to a meeting. At their desk or on the train.

That means automating and mobile-enabling everyday processes like purchase approvals, sales orders, trouble tickets and so on. These are routine day-to-day activities that employees spend a significant portion of their day on. They’re unique to your organization and it’s difficult to find pre-packaged applications that meet your exact needs. It’s no surprise that process automation (forms, routing) is the #1 app enterprises plan to build in 2015.

Cloud computing is an essential enabler. AWS and its kin allow any business to support millions of users. Incredibly cheap storage solutions from Dropbox, Microsoft and others let you access your data from anywhere on any device.

And that’s exactly where frevvo comes in. With the drag & drop designer, easily create your own custom forms and automated approval workflows. They’ll just work automatically on any device from smart phones to tablets to desktop computers. Public, private or hybrid cloud options make fast, flexible and affordable deployment possible.

Business agility made easy. Check out this new infographic on how frevvo’s cloud & mobile solutions can help you and sign up now for a free 30-day trial.

Let’s build a Smarter Business

IBM says “Let’s build a Smarter Planet” – from Governments to cities to buildings to water. That’s great – it’s a big idea and a massive initiative. I hope we can get there soon.

But, what about somewhat humbler initiatives? At frevvo, we’re a heckuva lot smaller than IBM. I’m betting that your company’s a lot smaller than a Government or a city too. But, together, we can still build a Smarter Company, a Smarter Small Business or even a Smarter Department. Many of our customers are already doing it.
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Higher Education

In a Smarter University, students can do everything on their phone. The clientele is often millenials. They’re comfortable with technology and live on their mobile devices. Many Universities are already using frevvo (Syracuse, La Cité College, Harvard, NYU, University of California, and others) for Student Registration, Internship Applications, and internal HR/Finance workflows. Students love using mobile devices and not having to stand in line. Smarter Universities save students time and serve them better.

smartrealestateReal Estate

A Smarter Brokerage doesn’t waste associates’ time in duplicate data entry and signatures for MLS listings. You’d think every real estate agency would want the listing process to be ultra-efficient. After all, you can’t sell property unless it’s listed. See how two of our customers (Jameson Sotheby’s International Realty and Kuper Sotheby’s International Realty) are using frevvo to become smarter firms.

smartfinancialFinancial Processes

With Smarter Financial Processes, you get paid faster and speed up procurement for important initiatives. Customers like Hellmann Worldwide Logistics and Escondido Union School District are using frevvo today for completely automated Purchase Requisitions, Sales Orders and Expense Reports and implementing smarter financial processes.

smarthrHR Processes

Smarter HR Processes mean happier employees and customers. Customers like OSRAM Sylvania and Safeway Groceries have digitized HR approval processes like Salary Changes, Shift Modifications and Leave Approvals using frevvo. As a result, employees spend less time on paperwork and chasing down signatures. That gives them more time to focus on customers and new business opportunities. Everyone’s happier.

From satisfied employees to happy customers to business speed and agility to improved visibility and control, there are immense payoffs to becoming a Smarter Business. Why not try frevvo yourself? Contact us now for more information.

Want Digital Transformation? Start with your workflows.

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What is Digital Transformation?

By now, everyone’s heard of Digital Transformation. Digital Transformation is the process of using technology to radically change your business to pursue new revenue streams & business models and to avoid disruption. But, what exactly does that mean?

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Digital Transformation is not a single IT project. It’s the combination of numerous projects that infuse “digital” into everything within your organization – from evolving the underlying technology to servicing your constituents increasingly on mobile to digitizing your processes to create efficiencies to integrating with third parties to create better customer experiences.

Ultimately, though, DBT is about organizational change to improve performance through the use of digital technologies.

Start with your Workflow

templates.pngTechnology itself makes a difference and creates innovation but at the end of the day it’s the people and the business processes in an organization that can truly drive change, disruption and transformation.

Automating your day-to-day workflows is at the very foundation of digital transformation. If your organization does not already have a workflow automation platform, I strongly suggest looking into one now. Using a platform, you can digitize forms for employees and customers and automate your routine processes. Once they’re automated, you can measure the effectiveness of those processes and optimize choke points to drive genuine change. You can collect and analyze your proprietary data in myriad ways to improve business performance.

Without workflow automation you’re still dealing with manual processes. You’ll probably need to worry about being disrupted and becoming irrelevant.

5 ways Workflow Automation can change your business

1. Increased Efficiency

What might the transformed, modern business application look like? It will undoubtedly:

  • Automate forms and workflows so there’s no need to print, sign and scan.
  • Integrate with data and systems to reduce tedious manual data entry.
  • Intelligently route documents to the right person at the right time to ensure that business constraints are satisfied.
  • Automatically support all mobile devices and speed up the approval process by providing 24×7 access from anywhere.

2. World Class Customer Service

if_seo_web_3-19_1152167.pngOver-delivering on customer service is the single most important thing you can do to increase revenue. Otherwise, today’s consumers will quickly move on to the competition.

Today, customers are used to interacting with your organization online at any time. If they need some information from your company and it’s only available during business hours, they’ll be frustrated and feel inconvenienced. Automation ensures that your customers have a smooth experience by enabling them to access information when they need it.

When employees are wasting time chasing down internal approvals, they have less time to focus on customer service. Automated approvals free up their time so it can be invested into what’s important: customers, students and patients.

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3. Enable Mobility

mobile-apps-175% of U.S. information workers rely on mobile. In response, businesses are prioritizing mobility with 88% of them saying that mobile functionality is either very important or an outright requirement.

But, one-off mobile apps are hard and barriers abound. Time, budget and skills are all in short supply. In addition, mobility nowadays is about reaching users through all channels, especially mobile web browsers, as users often don’t bother to install a native app.

Workflow automation systems offer visual and low-code approaches that let you provide business functionality in web-apps and spread that development out among more people – the “citizen” developers in your organization. That in turn eases pressure on I.T. teams, freeing them up to meet business needs.

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4. Business Agility

Business Value from Cloud

Automation taking advantage of cloud (+ mobile) is a critical driver of business agility – roughly speaking, the ability of your business to react rapidly to changing business conditions. Think of two main aspects:

  • Responsiveness – Enable employees to do the right thing at the right time. That means reducing business complexity (stop wasting time on paperwork, errors, missing signatures etc.), employee efficiency (let them work anytime, anywhere and using any device) and collaboration (access to people and information from anywhere as needed).
  • New Opportunities – Faster rollout of new business initiatives as business conditions change e.g. introduce a new product offering or modify internal processes to quickly satisfy changed customer demands even something as simple as letting people buy on their mobile phone.

Both are sources of significant competitive advantage. According to Harvard Business Review’s recent survey on Business Agility in the Cloud, companies are already seeing business value and benefits from simplification, collaboration, and faster reactions to new opportunities.

This business agility appears to lead to some very tangible and measurable outcomes: 49% are more likely to have entered a new market in the past three years i.e. rolled out business initiatives quickly to take advantage of a new business opportunity. Significant majorities believe cloud (+ mobile) reduces business complexity (71%), increases employee productivity (69%) and responsiveness to customers (53%).

 

5. Astounding ROI

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It’s often hard to see how much those paper- and email-based workflows are really costing you. Let’s do a quick analysis. Consider a 3-step workflow:

  1. Performed by an Employee – a Travel Authorization or Purchase Requisition. Let’s say this employee costs $80,000/year including benefits, vacation, taxes and other costs (equivalent to a salary of about $60,000).
  2. Performed by a Manager who essentially checks the request, approves it if it is valid or sends it back for corrections. Let’s say the manager costs $100,000/year inclusive of all costs.
  3. Performed by an HR or Finance person who essentially updates an internal system and does the equivalent of filing the request. Say, this is a part-time person costing $60,000/year.

Now, assume that the time savings are 10 min, 3 min and 3 min respectively in each step. That’s pretty conservative given there’s no printing, signing, scanning etc. involved. Finally, assume that there are 400 approvals per month of all kinds (Vacation requests, Sales Orders, Timesheets, Travel Authorizations etc.)

How much do you think you will save in costs? You might be shocked:

You’ll save ~$50,000 every single year or 57% of your costs and see net positive ROI in just a bit over 2 months.

That paper/email process actually costs you close to $85K per year. And that doesn’t even take into account the time spent trying to track down emails, chasing down managers for signatures or, perhaps of greater importance, the Opportunity Cost of delayed approvals.

Looking Ahead

Analytics and Artificial intelligence (AI) will play a major role in the future of business transformation powered by digital technologies. But deploying these technologies relies on access to your proprietary data making it your most valuable asset. Workflow automation is the foundation. Think about it!

Paper- and email-based processes deny you access to your single most valuable asset – your business data.

Eventually, AI engines powered by data analysis will end up automating the optimization of your workflows. But, your processes need to be ready.

If you want digital transformation, start with workflow.

Interested in finding out more? Visit our website to and see how customers are already using frevvo’s public and private cloud solutions to transform everyday business processes.