The art of saving time and money in digitalisation
Alexandru Radu, Head of Business Growth at Arggo explains his thoughts on digital transformation based on what he and the company have learned about developing their Timeqode Platform.
Digitalisation is more than ever the watchword when it comes to the business processes of a private or public company. When we talk about a multinational or a company whose turnover is medium to high or very high, we are talking about complex workflows. In most sectors of activity, digitalisation, technology and software solutions determine the profitability of such companies, saving time and streamlining some or all business processes. Digitalisation can simultaneously increase collaboration and efficiency within an organization. This is achieved by reducing the chance of errors, caused by the slightly different “same” information on different systems, so a link is broken.
Nowadays, it has become a real art to save time in business processes precisely by saving time in software programming. And “the artists” are sometimes the business software development and consulting companies. Many of the private and public companies have evolved and grown without a centralised IT/Business Services team. Hence, they need a low-code development platform that has the capabilities to allow companies to build any type of workflow or application, with no limitations regarding functionalities, without having to write any code along the way.
The key advantages of using a low-code platform
"Time-as-a-service",
Many companies have not embraced digitalization, but departments have gone their own way, with systems that do not talk to other systems within the company. This leads to the same information being input multiple times. Hence, they need a low-code platform to transfer data, like say address data between the old systems. Which means its first benefit is to save time through process digitalisation. The business process digitalisation platform offers a compelling value proposition in time-saving, helping companies achieve their digital transformation goals quickly and cost-effectively, without constraints for heavy initial investment or extensive programming skills.
Ready-made but fully customizable business solution
Unlike other solutions already in use within a company, which are a digital response to a particular old process, platforms such as these can be applied in many industries, depending on the concrete business needs of a company. This means companies can achieve greater agility, speed, and accuracy in their operations, and respond quickly to changing market conditions and customer needs. The platform offers constant updates and support services for users and clients, making sure that all processes are optimized and constantly made easier to use and understand.
Flexibility, the ability to make code development faster
A platform’s flexibility and its vast array of customization features allow users to easily create any type of web application, regardless of its complexity, without the need to have coding knowledge or write any code at all. In a similar way, say that we can have websites that we can add pages and information to, without needing to understand how the complex backend works.
From time saving to saving money
One of the most valuable benefits of a low-code platform is that it can be fully integrated with any existing ERP system, which means companies can leverage their existing investments in technology and avoid expensive and time-consuming migration processes. With many companies still recovering financially from the COVID-19 hiatus, gaps or even reductions in cash flow must be avoided.
Being highly customizable, these platforms allow users to configure it to match and improve their business processes, rather than being forced to adapt their processes to the platform. This means companies can achieve greater efficiency and productivity by automating their processes in a way that makes sense for them, without being forced to align their strategy to rigid technical limitations.
The solutions have a flexible and competitive pricing structure that allows companies to start at their own pace and balance their digitalisation investments wisely. For example, companies can access and use a complete digitalisation platform through an affordable monthly subscription, without the need for a lengthy implementation. Because the cumulative benefits of the platform will be seen more over time than straight away, the pricing structure needs to reflect this.
It is important, though, not to just look at digitalisation from a linear perspective, how such platforms can help the end-user. Companies developing systems like this need to look at how they can work laterally with software developers and suppliers who produce or develop applications using state-of-the-art, easy and cost-effective technologies. The platform can become the comprehensive business process management tool that helps them automate processes across multiple departments and systems, eliminate manual and repetitive tasks, implement digital workflow, even 3X faster.
Digitalisation enables companies across many business sectors to remove the need for the same information to be inputted numerous times, and means there is an integrated information flow through a company. Hence increasing the profitability of the company, by lessening the load on its employees. Good news all round.
