Small Changes In Businesses: Big Gains On Productivity And Bottom Lines

60% of business fields could be saving 30% of time that could be devoted to other things with the increased use of automation. Even chief executive officers (CEOs) lose 20% of their time on business processes that could be automated, according to a McKinsey report. Automation is just one strategy that could improve productivity, free up valuable time for things that matter more, and enhance the revenues of businesses. An An enterprise that streamlines tasks creates additional opportunities that could generate extra leads and bring in sales. Companies’ publicity trading with stocks has shown that these companies that have embraced automating tasks have increased the attractiveness of their offers hence their stock price.

Productivity Software

One of the major factors that affects the workflow of an organization is time management. Employees and management spend a lot of time locating information, which can take up 1.8 hours per day.  In addition, they are often bogged down when it comes to accounting for hours and expenditures, making it problematic to see where productivity is at. An easy solution is to automate productivity. Using timesheet tracking can simplify work operations by tracking employee time, expenditures for projects, payrolls, billings and payments,

Data collected by time tracking software also enables your organization to make smarter and more informed business decisions. It allows management to step in where there are gaps in expenses, or take a proactive stance with employees to enhance their productivity. By identifying issues, both workers and management can see where they spend their time the most, and re-shift priorities to processes that are more important for the functioning and output of a company. McKinsey & Company estimate that automation can bring up productivity growth from 0.8% to 1.4% per year.

Sustaining Business Agility

It’s not enough that a business adopts productivity software to improve the workflow and bottom lines of enterprises. An agile organization not only implements valuable software quickly, but also continues to embrace changes. Updates and other developments must be implemented as fast as new software comes out. This will ensure a steady stream of tasks preventing disruptions caused by technical issues and bugs.

Businesses that empower workers and simplify processes of operations have a higher chance of success. Because activities are straightforward, employees can devote time to new ideas and thrive. Moreover, fostering a good work environment enables people to work better together.

Business agility is vital to the success of an enterprise. By using productivity software, work processes can be simplified, output can be improved, and time can be used for more important and meaningful activities, such as generating sales leads or marketing strategies.