Page 17 - Linkpin 2024-25
P. 17
2. Automation in Finance and Accounting 4. Automation in Sales and Customer
Managing finances is critical for businesses, and Relationship Management (CRM)
automation has made accounting easier, faster, and Sales teams now rely on automation to track leads,
more accurate. manage customer interactions, and close deals faster.
SAP (Systems, Applications, and Products in
Data Processing): Large companies use SAP to CRM Systems (Salesforce, Zoho CRM): These
automate financial reporting, budgeting, and tax tools automate customer follow-ups, sales tracking,
calculations. and lead management.
Tally & QuickBooks: These accounting software Email Marketing Automation (Mailchimp,
solutions handle invoice processing, payroll, and HubSpot): Businesses use these platforms to send
expense tracking with minimal human effort. personalized emails to customers based on their
preferences.
AI-powered Fraud Detection: Banks and financial
institutions use AI to detect suspicious transactions Chatbots and Virtual Assistants: AI-powered
and prevent fraud in real time. chatbots help businesses provide 24/7 customer
support without human involvement.
Online payment gateways like Razorpay and Stripe Automated Proposal & Contract Generation:
automate billing and payments, reducing delays and Tools like PandaDoc create professional proposals
errors. and contracts with just a few clicks.
3. Automation in Human Resources (HR)
and Employee Management 5. Automation in Supply Chain and
HR teams used to spend hours on paperwork, Inventory Management
payroll, and employee management, but automation Managing inventory manually can lead to stock
has changed that. shortages or overstocking, but automation prevents
these issues.
HRMS (Human Resource Management Systems)
like Workday & SAP Success Factors: These ERP Software (SAP, Oracle NetSuite): These
platforms automate recruitment, attendance tracking, tools track inventory levels, purchase orders, and
and performance management. supplier relationships automatically.
Payroll Automation Tools: Software like ADP and IoT-enabled Smart Warehouses: Companies like
Zoho Payroll automatically calculate salaries, Amazon use IoT (Internet of Things) to track
deductions, and tax filings. inventory in real time and automate restocking.
AI-driven Resume Screening: Hiring managers Automated Order Fulfillment: AI-powered robots
use AI tools like HireVue to scan thousands of in warehouses pick and pack products, reducing
resumes and shortlist candidates based on predefined manual labor
criteria.
RFID and Barcode Scanners: These technologies
ChatBots for Employee Queries: Many companies help businesses track product movement accurately
use AI chatbots to handle employee queries about and efficiently.
leave policies, salary slips, and more.
17
