Most businesses that utilize Workday are competing for clients on the global stage. Efficiency is key in this process and that is why they depend on Workday to deliver global growth, accurate insights, resource management, and so on. With the integration of a document automation solution, a business can achieve a lot more.
Here are the top of the cream benefits:
Businesses need to prove to shareholders and investors that it is actually what it claims to be. Finance audit reports can help to prove that but they can be a stressful document to produce. The stress is likely to bring about errors which can result in inaccurate audit reports. With Workday, the organization can be sure that every transaction is captured right from the point of payment and thereafter, there is a digital trail. However, all these transactions need to be presented in the final report without creating confusion. Document automation handles that part of the report with important data included in the report (auto-populating both in custom and standard fields). Compiling the report is much faster and a business can even afford to carry out audits at the end of every workday.
Unlike paper documents that will always need physical delivery for anyone to have access to them, automated documents are digital, and using cloud storage, you can make them available at any time using devices that the recipient chooses. For example, an invoice can be created within the system and the person requesting the invoice will receive it on their mobile phone and process payment without having to leave the park bench during lunch hour.
New hires may not tell you this, but having to fill in several forms with the same data may have them contemplating whether they really want to work with a particular company. Think of the different documents a new hire may have to fill like health insurance forms, NDAs, personal information including information about next of kin and dependents, ID, etc. There is no reason to have them fill all those forms when you can use the same data already captured in Workday HR to complete different forms using a document automation application integrated with the system. You can even use the electronic signature option for them to sign the documents so that there is no need to print hard copies. A business can make the onboarding experience an impressive one and increase the chances of retaining talent.
Modern businesses need to embrace automation as part of the new wave of industrialization. It is next to impossible to remain competitive if you still carry on manual processes that consume time and open up room for error in your documents. Integrating document automation software with Workday can accelerate efficiency and keep your teams super-productive in just a few clicks.