Pharmaceutical companies have to face multiple challenges resulting from industry specifics - highly regulated and compliance-driven. We were able to identify multiple repetitive, time-consuming, and error-prone tasks that are strong candidates for robotic process automation implementation. This article will help you to understand the potential of RPA and its benefits for your company.
Robotic Process Automation technology is being used increasingly to perform time-consuming tasks within business processes. Because RPA software can assist employees or replace them in manual and repetitive tasks, automation can be implemented in any industry where such actions can be identified. That being said, some industries can benefit more from robotic process automation, because the number of tasks that they can automate guarantees higher ROI.
How technology can help organizations is a very broad subject. But if we look at technology challenges from a manager's perspective, one of the most important aspects is people. Jack Welsch understood this perfectly:
Before you are a leader, success is all about growing yourself. When you become a leader, success is all about growing others.
Today I'd like to explain 7 areas that will help improve HR in the context of the technologies used, and I'll explain how using them can help the entire organization grow.
A big challenge for companies launching robotic process automation projects is the technology barrier. We don’t know which platform to choose, how much to invest, and which processes to automate. What makes things worse, we need to decide between in-house implementation and outsourcing.
Some of these challenges depend on the specifics of the company and processes. However, in many companies, the technology aspect is far less problematic. This is because more and more companies are using Office 365 as their primary tool for communication and collaboration between employees.
However, not many people are aware of the possibilities offered by the built-in functionality that is available within the Office 365 platform. I am talking about Microsoft Power Automate.
Many companies have implemented an electronic document workflow without proper thought. That is why we can find even today companies which struggle with outlandish and intricate processes executed in an even more outlandish way. This is the upshot of the digitisation boom moved into full swing several years ago.
Back then, the original idea for making improvements in the back office was: “Lets implement an electronic workflow.”
In most cases, this was a great move. Often, too, a lack of awareness meant that the company and its processes had to adapt to the workflow system, when in fact it should have been the other way around.
As a result, there are quite a few companies that have an electronic workflow system in place, but their processes are far from streamlined.
There are multiple ways in which people can be compensated for their work. These ways - let's call them the comp elements - can be efficiently divided into two generic groups: fixed pay and variable pay. The fixed pay - as semantics suggests - groups all the compensation elements that are fixed, that is these elements that will be paid regardless of the performance or any other factors.
