Enterprise business landscape is changing. Digital Transformation and Internet of Things (IoT) are promising numerous business benefits and a competitive edge, but is it really as easy to achieve as represented?
At Qore Technologies we have the privilege of working with a wide range of medium to large enterprises that are seeking ways to grow and expand their business. Through these experiences we’ve noticed several common challenges, the majority of which can be addressed directly with our business process automation platform.
We would like to take a closer look at the most prevalent obstacles facing the enterprise segment in embracing digital transformation and how forward-thinking companies have managed to overcome them through an agile automation approach.
Here’s how business process automation (BPA) can help enterprises solve their top business challenges:
Challenge #1: How To Embrace And/Or Accelerate Digital Transformation?
This is an almost universal dilemma for enterprises, especially when it comes to creating long-term business plans. There are no easy answers – it takes strategic thinking and holistic approach to research and execution, which is where business process automation can offer a helpful way to achieve better business performance on a core company (back-office) level.
Working with sales and marketing cohorts to develop fast and focused offerings to customers can make a big difference in a highly competitive market. From an enterprise’ back-office standpoint, perhaps the most important step one can take to lay foundations for successful business operations is in sorting out how company’ critical processes work and more importantly – how can they be improved.
Real process automation can be considered out of reach due to high complexity and costs associated with it – however we can guarantee that this negative connotation derives not from the lack of such solution in the market but from low awareness – and no wonder – as we are bombarded on a daily basis with information about various systems selling ‘easy fix’ for key pain-points. Swimming in this sea of new market players takes an incredible amount of research and energy to understand which of these solutions can handle most or at least a majority of underlying issues enterprises will face in this race for competitive advantage.
Of course this doesn’t mean you should take everyone’s word for it.
One advice we can share is: You’ll always be more certain of the results when you have relevant experience yourself.
The long-term benefits of an agile and scalable business process automation solution are immense. It is a first logical step towards digital transformation and harvesting the benefits of IoT.
Challenge #2: How to enable growth without an additional strain on OPEX/CAPEX budgets?
Gaining that initial momentum for success isn’t the problem; maintaining it on a long-term basis and proving its RoI is. Once you’ve shored up the early satisfactory results, how to ensure they are long lasting and with a sustainable economic impact that will not increase over time? Constantly adding strain to IT systems and budgets will undoubtedly lead to more problems than solutions.
Qorus Integration Engine® 4.0 can be extremely helpful when it comes to nurturing and modernizing existing solutions thus protecting the investment and forging a modular/scalable environment that will adapt to any new business requirement and grow together with an enterprise. Features within the platform, like automatic error handling and our configuration-based building-block architecture, make it easy to own and maintain the entire development environment, without spending more for additional/future development.
Challenge #3: Lack of balance and coordination between IT infrastructure and modern business demand.
Recognizing that customers are now more self-driven in the purchase journey, organizations want to implement and promote smart practices such as IoT. However, there’s also an added level of urgency to actively reach out to customers with new product and service offerings that will fill the enterprise pipeline. Usually what happens is that existing business processes coupled with obsolete IT Systems are to slow and rigid to respond in an adequate way. Time and prospects are lost, customers are unhappy and they turn to competitors.
Qore Technologies supports the pursuit of both these objectives simultaneously. When evangelizing a modern business process automation strategy we encourage enterprises to fully ‘own’ the solution.
How? Where is the added value in that?
The bottom line is that quality of throughput is more likely to be higher if entire development is in the hands of in-house business people. We empower the individuals to proactively create their own functional modules and re-use them moving forward or develop them independently through our low-code / no-code solution.
Additionally, the centralized nature of Qorus Integration Engine® 4.0 as a Business Process Automation (BPA) platform makes it conducive to reporting and collaboration with business managers. For example, Qorus Integration Engine® 4.0 provides a detailed, real-time, unified view of critical business processes, with an integrated RoI calculator translating each process instance to monetary costs saving.
Many sales managers will not only use our solution to achieve rapid time to market but also use innate reports as a focal point in proving the RoI of the solution to top management.
Challenge #4: Business processes lack structure and efficiency
Qorus Integration Engine® 4.0 helps organizations to organize and coordinate their back-office, simultaneously enabling significant cost reduction and improving their overall bottom-line. With Qorus Integration Engine® 4.0 one can integrate IoT efficiently, thus accelerating digital transformation and achieving numerous other benefits to business.
Summary: Qore Technologies helps enterprises be bigger, better, faster.
Qorus Integration Engine® 4.0 is a scalable solution for enterprises with a global outreach. But we’ve also placed great emphasis on making the product highly useful for non-technical users, giving businesses the necessary ‘edge’ to move ahead of the pack in today’s competitive marketplace.
By helping automate your business processes, we together are opening up new opportunities and markets, bringing productivity and stability to the mix, improving bottom-line and solidifying budget plans. With all of this Qorus Integration Engine® 4.0 is a powerful tool to accelerate digital transformation and modernize the enterprise segment.