Did you know employees may spend an average of 520 hours annually on repetitive tasks that could be automated?1 Amid the accelerating pace of modern business, this represents a critical opportunity to enhance productivity and reduce inefficiencies. By leveraging advanced technologies like hyperautomation, organizations can help streamline operations, reduce costly errors, and empower employees to focus on high-value activities.
What Is Hyperautomation?
According to Gartner, Inc., hyperautomation takes a disciplined, business-driven approach to identifying, vetting, and automating as many processes as possible.2 It leverages advanced technologies3 such as:
- Artificial intelligence (AI) and machine learning for predictive insights.
- Robotic process automation (RPA) for executing repetitive, rule-based tasks with speed and precision.
- Business process automation (BPA) for enhancing workflows.
- Low-code/no-code platforms to develop scalable automation solutions tailored to organizational needs.
This integrated approach enables businesses to transform how work gets done, helping make operations more accurate, scalable, and efficient with minimal human intervention. When orchestrated effectively, these technologies can help streamline workflows and improve productivity.
Key Benefits
Automation can help increase accuracy, reallocate employees to strategic tasks, support scalability, and offset costs by reducing manual errors and operational inefficiencies.
- Accuracy: One of the primary advantages of hyperautomation is its ability to reduce the risk of human errors. By automating repetitive and data-intensive tasks, organizations can help improve accuracy in financial processes and other critical operations.
- Reallocation: Automation enables employees to focus on activities that require critical thinking and creativity. By automating mundane tasks, organizations can reallocate human resources to more strategic and value-added activities, helping enhance overall business productivity.
- Scalability: As organizations grow, so do workloads. Automation can support this growth by efficiently managing increasing workloads without the need for additional human resources. This capability can help businesses maintain and scale operations efficiently.
- Efficiency: Automation drives efficiency by streamlining processes and reducing manual intervention. This can help save time and resources, often providing organizations with a cost-effective solution.
Practical Transformations in Action
Real-world use cases demonstrate the value of embracing automation:
- A finance team automates invoice data extraction and categorization, saving weekly hours.
- Field inspectors use mobile apps to instantly collect and organize site data, improving reporting accuracy.
- Leadership teams rely on automated dashboards for real-time insights, enabling faster, data-driven decisions.
Addressing Critical Challenges
Organizations today face several headwinds that can hinder growth and efficiency, such as high employee turnover, low job satisfaction, and the cost of replacing employees.
- The average tenure of employees is 3.9 years.4
- New employees sometimes quit after about six months.
- 90% of employees feel more satisfied with their jobs when using technology.5
- Over half (54%) believe they could save more than five hours a week through automation.6
Automating tasks addresses these challenges by allowing employees to focus on more meaningful and engaging work. This may increase job satisfaction and reduce turnover, which in turn may lead to improved organizational stability overall.
Efficiency Gains & Productivity Improvements
The benefits of automation extend beyond employee satisfaction. Organizations can achieve significant efficiency gains by automating high-volume tasks that yield low-value results. As an example, according to CPA Practice Advisor, approximately 72% of finance teams dedicate up to 10 hours per week, or 520 hours annually, to accounts payable tasks that could be automated, such as invoice processing, supplier inquiries, supplier payments execution, PO matching, new supplier registration, and payment reconciliation.7 Instead of continuing to complete these tasks manually, businesses can reclaim these hours and redirect efforts toward more productive activities by utilizing hyperautomation.
Furthermore, automation can help improve performance by reducing errors. Research has shown that by automating routine tasks and quality control with AI, organizations can improve efficiency by 30% or greater while reducing costly human errors.8 This raises the quality of work and contributes to an improved customer experience.
Return on Investment
The financial case for scaling automation is compelling. Professionals at Forvis Mazars have helped organizations achieve measurable results, including reduced labor costs and faster processing times. Organizations prioritizing automation can not only see operational improvements but also see substantial cost savings within a few years.
The future implies even more opportunities. Emerging trends, including intelligent process mining and generative AI, may help businesses take automation to even higher levels. These innovations can address complex challenges, helping organizations remain competitive and differentiated in a rapidly evolving landscape.
Take the First Step
Your organization’s growth and efficiency are within reach. Begin your journey by evaluating current workflows and identifying areas for improvement. Hyperautomation can help your organization improve operational efficiency by streamlining repetitive tasks at scale.
Ready to unlock greater efficiency with hyperautomation? Connect with us today to discuss your operational needs and how we can help you deploy automation. Insights & Automation at Forvis Mazars can assist with:
- Advisory engagements
- Power Platform assessments
- Power Platform automations
- App-to-app integrations
- Outsourced citizen developer services
We have certified experience with Microsoft Power BI, Power Apps, Power Automate, Power Virtual Agents, Dataverse, Azure, and Solver. We are an award-winning Microsoft Partner and partner of Solver Global, extended financial planning and analysis software.
Related Reading
- United Real Estate Group: Closing the Books Faster With Automation
- RPA: Misconceptions & Realities From an Insider’s View
- Identifying Projects for Automation
- The Discovery Phase: A Vital Element in Automation Projects
- 1“Finance Departments Spending 520 Hours Per Year on Manual AP Tasks,” cpapracticeadvisor.com, August 3, 2020.
- 2“Gartner Information Technology Glossary – Hyperautomation,” gartner.com, 2024.
- 3“Gartner Information Technology Glossary – Hyperautomation,” gartner.com, 2024.
- 4“Employee Tenure in 2024,” bls.gov, September 26, 2024.
- 5“How Automation Drives Business Growth and Efficiency,” hbr.org, April 12, 2023.
- 6“A Monday.Com Report: The State of Workplace Automation.” monday.com, November 1, 2019.
- 7“Finance Departments Spending 520 Hours Per Year on Manual AP Tasks,” cpapracticeadvisor.com, August 3, 2020.
- 8“Humans, Errors, and the Rise of AI,” medium.com, July 2, 2024.