Process Productivity and Efficiency Through Process Automation and Intelligence 2024
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Key Takeaways
⇨ Process automation has evolved from a cost-reduction tool to a strategic enabler that enhances visibility and boosts employee productivity, allowing them to focus on higher-value tasks.
⇨ The importance of process automation in organizational strategies is increasing, with 54% of respondents in a recent survey considering it 'Extremely Important', up from 40% in 2023.
⇨ Finance-related processes, particularly 'Procure to Pay', are experiencing significant automation adoption, with rates rising from 40% in 2023 to 66% in 2024, indicating a focus on streamlining procurement through automation.
Recent research indicates a significant shift in the perception of process automation from a cost-reduction tool to a crucial strategic element for enhancing operational efficiency and employee productivity, with its importance rising from 40% to 54% among organizations in just one year.
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