How Automated Tools Drive Purchasing Speed
15m
·
Smart Business Insights
·
While immediacy has long been high among consumer demands, the pandemic has created a heightened expectation of speed to market. This has opened the door to increased automation, with options such as straight-through processing helping to facilitate the immediacy and ease consumers’ want while providing the data and decreased labor outlay companies are seeking. EOX Vantage's Mike Fieseler discusses how automated tools are helping companies satisfy consumers' need for purchasing speed.
The episode How Automated Tools Drive Purchasing Speed from the podcast Smart Business Insights has a duration of
15:04. It was first published
More episodes from Smart Business Insights
Enterprise Software Rollout
Launching enterprise-wide software is challenging for organizations of any type or size. These projects are complex, time-consuming, and they require a great deal of planning, resources and communication to execute. Keith Monahan, Director of Quality Assurance Services at Rivers Agile, talks through the process of an enterprise-wise software rollout, from picking the developer to post-launch support, offering tips to give these projects the best chance of success.
How Automated Tools Drive Purchasing Speed
While immediacy has long been high among consumer demands, the pandemic has created a heightened expectation of speed to market. This has opened the door to increased automation, with options such as straight-through processing helping to facilitate the immediacy and ease consumers’ want while providing the data and decreased labor outlay companies are seeking. EOX Vantage's Mike Fieseler discusses how automated tools are helping companies satisfy consumers' need for purchasing speed.
The Trouble with Legacy Systems
Legacy systems perform an organization’s day-to-day work. But as these systems age, even basic functions begin to strain those systems beyond what they can handle. For example, Vicencia & Buckley's legacy process caused myriad inefficiencies and workflows that were convoluted by back-end workarounds. Project Manager Nishan Kumar explains how EOX Vantage resolved these issues by building an online self-service scuba insurance procurement platform that aligned with the company’s digital strategy.
The Effectiveness of Data Automation
Varun Badarinath, a senior product engineer at EOX Vantage, offers insight into the effectiveness of data automation through the company’s experience with Arrowhead Rental Programs. When Arrowhead won the business to support a rental program of loaner vehicle fleets, the Insurance company turned to EOX Vantage to implement an easy-to-use system that led to greater utilization and fewer headaches.
Auto Data Collection: Better Decision-making through Better Data
Companies that aren’t able to quickly collect, format and consume their data are at a competitive disadvantage. And that’ll only get worse as the magnitude of available data increases every day. EOX Vantage’s Mike Fieseler discusses automating data collection, and how doing so can lead to better quality data and improved organizational decision making.