5 reasons to automate your work processes

You work hard but you still can’t seem to find enough hours in the day. Does that sound familiar? Automation could be your saviour - and here are 5 reasons to automate your day-to-day work processes.

You work hard, you’ve got your priorities straight and you follow your productivity plan to a tee. But no matter how hard you work or how hard you prioritise, you just can’t seem to find enough hours in the day to do your job. Does that sound familiar? If you find yourself stuck between a rock and a hard place each and every day, automation could very likely be your saviour.

Automating your processes means using a software application (e.g. an API) to make your work processes run seamlessly and effortlessly. Still not convinced automation is for you? We have selected 5 compelling reasons why your work processes should be automated.

Time savings

Automation is all about simplifying day-to-day tasks by letting machines and software handle them for you. If your business, for instance, deals with different currencies, your employees spend time on manually making FX trades. By implementing an API that automates your FX pricing and underlying trading, your FX trading can be executed within seconds, saving time and effort. Automation leads to faster processing of extensive tasks and reduces turnaround.

 

Accuracy and consistency

A drawback with manually handling and processing of tasks is the possibility of errors. Humans tend to make mistakes, especially when large volumes of data are involved. Manual processes are also inconsistent, as there is a risk of missing one or two steps in the process. Automation eliminates the chances of errors and leads to enhanced accuracy. It also follows a clear operating procedure ensuring consistency.

Being on time and minimising risk

Automating your work processes ensures that your process is always processed at the same time – and more importantly at the right time. So, you will never miss a trade, a risk mitigating action, an update or a test. If you are engaged in FX trading for instance, you know that if you skip a beat it can end up costing you money. Adding an FX API to your work processes can therefore add value to your business.

Follow the leader

Business process automation follows a standard operating procedure which gives you a clear and predictable view of how the processes are being handled. Automating your processes helps you to recognise and follow a given policy framework, and it ensures that you never stray away from this framework.

Happy employees, happy life

Dehumanisation is a consequence of automation – or is it? Executing recurring daily activities gets mundane and monotonous for employees. Automation can handle the mundane and monotonous tasks allowing people to take up more challenging and rewarding activities, leading to higher employee satisfaction. Satisfied employees perform better, and they tend to stick around. As a bonus, a happy employee is less prone to stress and other work-related illnesses.

Automation – a winning strategy

Regardless of the size or the nature of your business, introducing automation can prove to be a winning strategy. It can transform your business significantly as you save time and keep your employees and compliance happy. Finally, adding an API may lead to less human errors, which again can end up saving you money – especially if you choose the right FX API. See more here.

The information provided within this website is intended for background information only. The views and other information provided herein are the current views of Nordea Bank Abp as of the date of publication and are subject to change without notice. The information provided within this website is not an exhaustive description of the described product or the risks related to it, and it should not be relied on as such, nor is it a substitute for the judgement of the recipient.

The information provided within this website is not intended to constitute and does not constitute investment advice nor is the information intended as an offer or solicitation for the purchase or sale of any financial instrument. The information provided within this website has no regard to the specific investment objectives, the financial situation or particular needs of any particular recipient. Relevant and specific professional advice should always be obtained before making any investment or credit decision. It is important to note that past performance is not indicative of future results.

Nordea Bank Abp is not and does not purport to be an adviser as to legal, taxation, accounting or regulatory matters in any jurisdiction.

The information provided within this website may not be reproduced, distributed or published for any purpose without the prior written consent from Nordea Bank Abp.

Related articles