The most important factor for an organisation considering new technology, over and above all the technology might offer, is to ensure that an innovative mindset exists within the business, says SolveXia CEO Adem Turgut.
“Companies research things like AI and machine learning and intelligent automation,” he says. “But that’s secondary. The most important things are a mindset of wanting to improve things, a pragmatic approach to going about it and a willingness to try.”
One business that stands out in this area is SEEK, says Turgut. SEEK’s Finance Excellence team has utilised SolveXia to automate data manipulation using their existing spreadsheets.
This, says Charlie Nooney, SEEK’s reporting architect and ANZ engagement lead, enabled the business to “improve standardisation, consistency, integrity and process visibility, while accelerating direct benefits to our teams”.
“It as possible while still allowing them to use Excel, which greatly helped adoption as the technology is familiar,” says Nooney.
Innovative and effective
Organisations have developed some fascinating and powerful automations using his company’s technology, says Turgut.
SolveXia’s platform automates thousands of repetitive accounting tasks, including reconciliation and reporting, in a traditional, spreadsheet-driven environment. Organisations, departments and individuals can use the platform to custom-build their own automations whilst continuing to use their existing tools.
“The most common feedback we get is around time savings and the impact of those time savings on individuals,” says Turgut.
“A lot of work that people have to do is mind-numbing. We hear about them automating tasks that previously took two full days each month. After automation, the task simply vanishes. Staff have two days back to do higher-value work, which simply makes people happier.”
Picture: Adem Turgut, SolveXia.
“After automation, the task simply vanishes. Staff have two days back to do higher-value work, which simply makes people happier.”
One example is an airline whose staff ran a daily analysis of the online polling of their seats, to see who was looking at their seating inventory and when.
“A lot of that polling was coming from bots,” says Turgut. “But because staff never had time to sit and look at the data properly, the process cost them a lot more than it should have.”
The airline used SolveXia to run a few simple rules over the data and produce a real-time, automated view of what was really going on.
“It told them which were the dodgy IP addresses that they needed to do something about,” Turgut says.
“So not only did they automate a process that took an hour a day, they also gained entirely new insight into what the data was telling them. Along the way they saved around one million dollars in costs.”
Returning to SEEK, there was no special, technical knowledge needed by its fi nance team, and no technological transformation was required prior to the SolveXia implementation.
“In the end, all you need is a knowledge of your own processes and then you need to know how SolveXia works,” says Turgut. “That second step takes perhaps one hour.
“People often focus on what they’re going to automate, but the real value is in the things they have the time and insight to deliver, post automation.
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To find out how SolveXia can help you, go to www.solvexia.com or call +61 2 9386 0202.