How do you reduce costs without affecting quality?

Although cutting costs is not a hot topic at present, all companies are nevertheless interested in reducing costs.

The importance of reducing costs in the business context justifies itself, since the combined cost of materials, services and general expenses accounts for the majority of company expenses. In addition, it is often easier and faster to increase benefits by reducing costs and expenses, rather than increasing revenues.

But what strategy should be applied to reduce costs without affecting the product quality or service?

To this day, the best way to face the challenge of reducing costs and expenses without affecting quality, in addition to a successful strategy and the ever-important professionalism of the personnel involved, is undoubtedly by optimizing the company’s production and administration processes through technological innovation.  

Having the best available technology is clearly a necessity to successfully compete in today’s market, although it’s not the only requirement.

Focusing on the administrative processes, the correct implementation of process management with iBPMS (Intelligent Business Process Management Suite) software, empowers you to:

  • Optimize the daily execution of the company’s processes by automating all the tasks that can be automated and simplifying all other tasks (which require human input), in addition to the coordination of all these activities.
  • Use the latest digital technologies effectively, in an integrated and coordinated manner.
  • Maximize the satisfaction of third parties (customers, suppliers, subcontractors, agents, partners, etc.) by simplifying, streamlining, personalizing the service and enabling them to participate directly in the company’s automated processes.

Thus, the implementation of an iBPMS platform like AuraPortal produces immediate operational benefits that become apparent in aspects such as:

  • Maximized productivity.
  • 70% average reduction of process times.
  • Drastic reduction of administrative costs.
  • Considerable increase in analytical capacity and control.
  • Greater speed and agility to adapt to changes.

In addition to many other non-operating benefits such as:

  • Improved relations between employees.
  • Improved relations with external users (suppliers, etc.).
  • Scrupulous compliance with regulations.
  • Automation of the continuous improvement cycle.

Jessica Mauro