Blog & Newsroom

The new paradigm: Automation-as-a-service

In mathematics, the idea of “bounded value” generally refers to the notion that there’s a limit to the value of “x.” Conversely, “unbounded value” means there’s no maximum or minimum value of “x.” In automation, a similar notion carries through — there’s no minimum value you can extract by using a tool such as RunMyJobs by Redwood on a limited set of processes, but there’s also no maximum value, as it scales efficiently for businesses of all sizes and complexities.

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Blockchain and automation: A perfect match?

Trust is an important part of any business transaction. Trust within an organization is often implicit but it is a more difficult proposition when it comes to the need to share data to third parties, partners and other external organizations. Most often, this is done via a distributed database of some kind, which could take many forms — for example, a cloud-based platform to share documents. This addresses accessibility but not the trust issue. Blockchain, at least in theory,

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What happens when you automate the finance department?

With increased pressure to do more with less, almost all business units are now required to work in a more agile way to maximize efficiency — and the same is true of finance. The CFO and finance department should seek to collaborate with the wider business, to find ways to modernize and digitize tasks and processes wherever possible using knowledge from the people who perform the tasks day-in, day-out. Finance is a crucial part of any business,

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Is 100% automation really feasible – and do I want it?

Fewer errors. Repetitive tasks eliminated. Speedier execution of processes. These are among the promises of “end-to-end automation,” or “100% automation.” But the shift can still be a daunting prospect for a company without prior experience. Concerns around a lack of process oversight and audit requirements, or vulnerability to errors going unnoticed, are entirely avoidable. In some cases, they’re based on interactions with more primitive automation tools. Consider the path to 100% automation as analogous to regular cars evolving into self-driving cars.

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