The Business Bulletin Issue #15 - Focus On Operations & Resources

Page 24

The Business Bulletin

BPO or RPA? That is the question! It could be a specialist subject for Mastermind as many business leaders consider the two approaches. In a few minutes, this article will provide some answers. The challenge for business Every business wants to be able to do more with less effort. It is essential for

The challenge in every business

“Perform the core activity and

is for the generic processes to be

outsource everything else” has been a

performed well and at a low cost.

strategy adopted by some successful

Mid-market businesses have

businesses and is advice provided by management consultants to

a business to remain competitive in

sufficient volume of activity to achieve

an evolving world. Where a process

benefits from different approaches

exists in a business it is contributing to

to the operation of their business

the overall success of the organisation

processes whereas small and micro

but generic processes can be found in

businesses lack the volume of

many other businesses, for example,

transactions. Similarly, mid-market

“accounts payable”. This is essential

businesses will have sufficient

for any business, but it does not

structure in the existing processes that

highlighted how a lack of control can

differentiate the business.

smaller organisations typically lack.

leave a business exposed and not able

24 | Issue 15 – Operations and Resources

some established businesses. This outsource approach has been shown to work but there are consequences to adopting such a strategy in terms of business risks and control. The COVID situation has


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