Three Ways to Automate Human Resources
The human resources (HR) department handles notorious amounts of paperwork, and all of it is vital to adequately manage your business’s greatest resource: its employees. HR automation has changed the way HR departments deal with documentation, and it has streamlined multiple processes, including onboarding, incidents, reviews, promotions, and more. Here are the essentials to know about how HR automation can benefit your business and why so many organizations turn to it to see better productivity and happier employees.
Robotic Process Automation
The most competitive businesses today are ones that have decided to digitize and automate many of their processes that were once manual. Robotic process automation (RPA) has emerged as a valuable solution for businesses looking to perform digital transformations that take those manual tasks to automated environments. Tasks such as collecting, reviewing, and inputting information among websites, systems, and portals have historically taken employees time and effort they could have put elsewhere. With robotic process automation, businesses can realize greater levels of efficiency and process optimization while gaining a foundation of intelligent automation.
Vendor Statement Reconciliation
Automating the vendor statement reconciliation process can provide a tremendous amount of return on investment for organizations. Statement reconciliation solutions can reduce the time it takes to process a statement by up to 80 percent as manual labor (document capture, data extraction, data validation, matching, exception processing) is replaced with automation technology. Automation of every statement and every statement transaction increases the accuracy and efficiency of this process. It is supported with reminders, escalations, and statistical dashboards, thus eliminating the manual tracking efforts to know where and why.