During the past decades, businesses have made strides towards achieving efficiency in every aspect of business. Data is a critical aspect of business that requires efficiency. The way it is collected, managed, and presented can make or break a company. Oracle cloud solutions are among the best in the business when it comes to dealing with data.
But what is data if you cannot present it fast, intelligibly, and free from error?
Document automation is an effective way to present data and cut down processes that would take days to just a few minutes. Integrating Oracle enterprise solutions with document automation can achieve much more than just creating error-free documents in minutes.
The following use cases can demonstrate the benefits of this integration:
Document automation makes it easier to get a clear picture of the performance of a business through insightful reports. Instead of making calls to different department heads, accountants, and sales representatives, all the data needed for a detailed report can be retrieved from Oracle ERP using document automation software. All the guidelines needed to create different reports are already entered into the templates, so the software will collect the right data from the various locations within the system and present it in an easy-to-read document. This supports realistic budgeting, forecasting, expenditure as well as planning for expansion.
According to a survey by SHRM, the average cost of recruitment is $4000. Although, this may depend on the company, the position being filled and so much more. The bottom line is there are many costs involved in recruitment and these can ramp up the cost of getting a new hire. Document automation can significantly reduce this cost. Take the case of hiring a legal professional to draft a nondisclosure agreement. You can avoid this cost by automating the document so that every time it is needed, the HR team can simply click and software does the rest with expert accuracy. The same process can be used when letting go of an employee who has to sign a non-compete agreement.
For businesses, it is a good idea to integrate NetSuite with a document automation application. Clients prefer to be provided with accurate documents showing what they have ordered and what they are being charged. While NetSuite is perfect for recording these transactions, it still needs to work with a document automation software that will present the right documents to the client. Invoices and bills can be forwarded to clients as soon as they make the orders and this can improve transparency and promote quick payment. A business can be sure that all the bills will be accurate based on the client’s order.
Oracle has an impressive Human Capital Management module, however, this needs to be integrated with finance when it comes to paying your workers their fair earnings. You need to coordinate different sets of data to come up with an accurate payroll. For large companies, this may seem very time-consuming and yet necessary. By integrating document automation software, however, the application serves as a link between the different sources of data and will collect all the necessary information needed to calculate just how much every employee must be paid and this will be complete in a few minutes. Everyone’s pay slip will indicate exactly what they deserve to be paid at the end of the month as well as at the end of their service at the company.
Oracle ERP integration with document automation software is cloud-based and this makes it possible for people to have remote access to data. In instances where employees cannot be present at the office, they can still have documents created and approved. When dealing with procurements and expense documents, certain workflows need to be followed, however, there is no need to go from office to office seeking approval. Everything can be done remotely and you can be sure that sensitive data is secure since only authorized persons have access to it.