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by Lentune on 20 January, 2023
Innovation within your business should be a top priority for all companies. If we have learnt anything since 2020, it is that life can change on a dime. This change can be on an individual level all the way up to having a global impact. Being prepared for a crisis can mean the difference between weathering the storm or having to close up shop. We all know that within the construction industry, there can be severe booms and busts. By implementing business automation software into your company’s processes, you will build resilience that can help your business persist through any crisis.
What is business resilience?
Whether it be a downturn in the economy or another global major incident, there are always elements of volatility in running a company. Being in the construction industry, a lot of us know this well as construction is usually one of the first industries hit when things take a turn for the worst.
Business resiliency is the ability of a business to quickly and efficiently adjust to new operational models. It means adapting to any disruptions, being able to retain a core employee base, and maintaining operational standards.
Increasing digital capabilities is at the forefront of what business resilience is in our modern era.
Streamline to build resilience
Regardless of how big or small your construction company is, it is never the wrong time to begin to build resilience into your business processes. Using business automation software is a great place to start as it takes a lot of your manual systems and digitises them. This not only frees up a lot of valuable time for you and your staff but gives you fast and effective data to work with. The big picture of your overall company and bottom line has never been so clear as what business automation software can show you.
Since things like pay rates, purchase orders, supplier invoices, client payments, and asset tracking are already being handled by business automation software in the background, you can then focus on high-value tasks that will bring in more profits to your business.
Benefits of automation
Once you have implemented business automation software into your company’s processes you will see the benefits unfold clearly. The following are just a few of the positive impacts of using business automation software:
1. Improved customer journey
Using business automation software will mean improved visibility of construction project costs. If any problem arises, you will be able to find an early resolution that will have your customers coming back for more.
2. Improved relationships with subcontractors
Subcontractor relationships will only strengthen once you have implemented automation software as any issues with invoices, payments, or purchase orders can be quickly identified and resolved.
3. Valuable data-driven insights
Business automation software will make tracking key insights a breeze. Take this valuable information and look into possible future trends and market cycles that will keep you ahead of your competition.
4. Discover new options for improved business flexibility
Keep your workforce connected, safe, and productive by being able to patch systemic holes to keep your operations secured.
Business automation software can be used to help mitigate any disruptions that your company faces. In the long run it will also help you to maintain your business in the face of any crisis both big or small.
Crisis averted
The Covid-19 pandemic taught us all that you never know how or when life and business will change and that it is imperative to get rid of any manual processes that hold your company back. As we turn to the future, it is important to bring on board business automation software that you can tailor to your current needs and build upon from where you are at.
Use business automation software to build a more digital and remote workforce. Being in the construction industry, not every process can be done in a digital format. You will have staff that have to physically show up on-site. But can you embed flexibility into the roles of your project managers or quantity surveyors? Can you set up workflows that your finance and admin teams can follow from the office and when working from home?
Being able to bend and mould into what is needed for successful business continuity when a crisis hit matters. Waiting for a crisis to hit and reacting to it instead of planning ahead is a big risk to take. Using business automation software, your company can start with common digital automation like supplier invoicing and payment claims and then focus on bigger-picture digitisation for down the road with the view of crisis management and aversion. Being prepared has never been this easy or felt this good. Get yourself business automation software that will help you to handle any setback sent your way.