Why Workflow Automation Is Crucial for SMEs Today

  According to the Asia-Pacific Economic Corporation (APEC), small and medium scale enterprises make up nearly 97 per cent of all businesses. These SMEs employ the majority of the workforce across the APEC economies. Suffice to say that SMEs are the drivers of growth, and we cannot deny their immense contribution to the GDP. However, it seems that the surging digitization has escaped most of them. A large chunk still depends on antiquated workflows and business processes. Imagine the level of productivity and growth they can achieve with workflow automation and optimized processes?! Owners of small enterprises are under constant pressure from low revenue streams, rigid budgets, and finite resources. Irrespective of the fact that the primary goal of these enterprises is to reduce expenses and labour costs, they still find it incredibly difficult to deal with the up-front cost of investing in this very outcome. Areas of Workflow Automation for SMEs Small businesses today face the threat