How UK companies can realise productivity from cloud technology and automation

Published Friday, June 29, 2018 1:43 PM by Dean McGlone, V1

Every business wants to be productive. After all, the ability to deliver high quality work in the bucket load is what makes organisations more profitable and successful. Some organisations are better at being productive than others – and it’s not good news for UK businesses.

According to international comparisons on productivity by the Office for National Statistics, the UK ranks well below other major economies in Europe including Germany, France and Italy. This suggests there are some serious barriers to productivity, with technology and people most likely to blame. Businesses either don’t have the right technology in place to enable productivity or, if they do have the right technology, staff are too disengaged or lack confidence. 

The Workforce Institute recently surveyed 3,000 workers across the UK, France and Germany, and found that only 53% of workers noticed a positive impact on their productivity when new technologies were implemented at work. This figure is surprisingly low and could be much higher if the people operating the technology were engaged and motivated in the first place. 

So, while every business wants to be productive, every employee needs to have the confidence to use the technology – and see it as an essential ally to their daily work too. At V1 we support companies in realising unprecedented productivity with cloud connected automation. We have seen first-hand, the difference that automation can make to a company as well as the individual. 

Our suite of integrated business automation software, helps organisations save time, money and space. Manual processes are automated to drive unprecedented productivity levels and deliver a wide range of other businesses benefits, for example reduced payment cycles, increased visibility and better data for reporting.

Finance is one business process that can and really needs to be transformed through automation. Sage’s Managing Director for UK & Ireland Alan Laing called for small businesses to "stop asking and use automation" after a recent Sage survey revealed the UK to be the late payment capital of the world. It found that SMEs in the country waste as much as 15 days every year chasing late payments and 35% say there are no dedicated resources in place to chase late payments. Again, these stats don’t put the UK in a positive light as it’s worse than the majority of the EU. 

V1 is the vendor of choice for cloud connected Invoice Automation. We are very focused on how automating mundane tasks to offer business partners and end users significant value and benefits when integrated with finance or HR systems. We are also very passionate about the benefits of the cloud and therefore delivering our automation software within this environment – 90% of enterprises will use multiple cloud services and platforms by 2020. We have a year and a half until 2020, so there’s a big job to be done in helping businesses move to the cloud.

Our customers can now use our software in a cloud environment to deposit documents directly from their tablets and phones. The solution also features support for five new document types as well as faster and smarter searches, document links and annotations. It makes automated emailing simpler to install and faster to use too – all of which contribute to driving greater productivity. 

But the key to making it all work, as mentioned earlier, is the people. And that’s where the channel comes in – by providing ongoing education and awareness to staff so they are engaged, confident and motivated to use technology in a cloud environment to help them work better. It is in a unique position to work as experts in their own right alongside organisations and their employees, demonstrating how automation and the cloud can together dramatically increase efficiencies. If vendors, distributors and resellers work as a collective, customers can benefit from a package that makes technology both user-friendly and worthwhile. Do that, and they’ll turn the UK into the productive nation that it needs to be, while experiencing they’re own sales and growth opportunities like never before. 

So the message from us is loud and clear – move to the cloud, embrace automation and unlock the full potential of digital transformation to realise the unlimited opportunity to deliver efficiencies and drive productivity.