Collaborative Minds Blog

Workflow - page 3


For businesses, there are many ways to approach workflow to provide effective, yet flexible planning. Plans change, new situations arise, and a business needs to be adaptive enough to manage this flexibility. A lot of companies have moved to what is called an agile workflow, which allows them to maintain a plan of action, but also leaves enough flexibility for the unknown.

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The way the Accounts Payable (AP) department processes invoices essentially affects business performance. While the manual invoice management method works, it tends to be time-consuming, tedious and less reliable.

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Insurance companies that streamline their workflow can process claims and other operations more accurately and efficiently. This leads to happy customers and an improved bottom line. However, streamlining a claim workflow can be a challenge due to the number of employees working on a single claim or insurance-related process. A company can outline insurance business process flow repeatedly and the chaos still makes them hard to follow.

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Over the years, business trends and needs have greatly evolved. As time went by, newer and better solutions have been in demand in order to cater to this need and keep up with all the new trends and practices.

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Get your project management software to provide you with accurate and up to date information regarding your project. Implement collaborative Excel alternative software to seamlessly synchronize resources, period, and personnel in real time.

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In a company or organization, document approvals are nowadays usually done electronically. Back in the day when paper media was what a lot of people depended on, a new solution to cater to this unique problem was needed.(more…)

Finance is probably one of the central departments of any organization. And for its efficient operations, streamlined invoice approval workflow comprises a critical function in this department. After all, your firm is in business to maximize profits. (more…)

Accounts payable is an accounting entry that represents a company’s obligation to pay off a short-term debt to its creditors or suppliers. The accounts payable definition and meaning are universal across companies, but the ways accounts payable process is treated are specific in regards to certain business. It is obviously important to ensure proper accounts payable efficiency in order to have these debits paid off in time and avoid default, however a lot of businesses still lean toward manual processing.

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Managing workflow can be difficult. Sometimes workflow coordination comes down to emails, notes pinned to a bulletin board, or the unreliability of memory. Some methods that small and midsize business owners and big company department heads use impede workflow efficiency, which has a negative impact on productivity. Teams can become confused and hesitate rather than charging ahead.

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Global competition is one of the challenges that modern businesses have to deal with. Also, they have to find ways to reduce their overheads while creating new products and services. As business processes evolve daily, organizations must search for ways to solve their challenges. One of the best solutions to use is workflow technology. It consists of software and methods that could improve the way business processes are captured, re-engineered, optimized and automated. Workflow is a concept that describes how processes in manufacturing divide work activities into distinct roles, tasks, procedures, and rules.

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