No matter what size your business is, resources are precious. Where your resources are allocated is critical to the success of your business. This becomes even more important if you have limited resources, especially as a smaller company carving its identity in the industry.
Successful businesses ensure that staff have the tools they need to complete their job within working hours. If staff feel they are overstretched, they’re going to leave, and your business will lose valuable skills and business knowledge. If you can easily rectify issues using the right software, your staff will be more likely to stay long-term.
Over 90% of full-time workers believe that automation saves them time and offers a better work/life balance, with the majority stating that they trust automation to perform tasks without error and help them make quicker decisions. A happy workforce is a more efficient workforce; they are more likely to stay engaged with their role, with fewer sick days and more productivity. They are also more likely to stay with your business long-term, which retains important skills and knowledge. A study by the University of Warwick discovered that happy workers are 12% more productive, and a report by The Engagement Institute found that disengaged employees cost U.S. companies between $450 and $550 billion a year. It’s very clear that ensuring your employees are satisfied in the job will not only save you money, but make it too.
Sometimes, growth can be unexpected. A really good marketing campaign and positive word-of-mouth can quickly draw attention to your business. It can be difficult to manage rapid growth if you don’t have a large team, and staff morale will suffer if they are expected to pick up extra work. With Solifi’s scalable solutions, you can automate your processes and take some of the workload off your team’s shoulders.
How can I maximize my resources?
The easiest way to stop the strain on your resources is with a powerful software platform that can automate your admin tasks.
Solifi’s solutions on our Open Finance Platform have the ability to automate tasks such as:
- Reviewing ineligibles – using Solifi’s AR Wizard feature, you can review and calculate ineligibles in a matter of minutes.
- Lease-and-loan processing – simplify quote entry and maintenance using pre-configured data.
- Risk management – you can manage your exact credit requirements, including credit reference agency searches and credit analysis support. In-depth insights from integrated APIs allow you to implement risk-based pricing.
- Alerts – there’s no need to worry that you have missed an important task when you can have alerts sent straight to you when balances, trends, and credit limit issues need your attention.
Your team are able to manage their time much more effectively, knowing that those manual admin tasks that clog up their day are taken care of. By automating these tasks, you can move your team onto more important things, like building those important customer relationships, identifying new opportunities, and building their skills. You can also ensure that your team are happy and productive in their role, best positioning your business for growth.