Low Code Workflow Automation: Benefits & Tips

Financial Automation
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Processes are what make businesses run, but oftentimes, it feels like there isn’t enough time or attention available to dedicate to each necessary workflow. That’s why so many businesses are turning to low code workflow automation as it’s easy for everyone to use, requires no dedicated IT team to deploy, and maximizes productivity effortlessly. 

We’re going to share our favorite low-code automation tools and express why low-code platforms are a must have!

Coming Up

What is a Low Code Workflow Automation?

What is Low Code vs No Code Automation?

What are the Benefits of Low Code Workflow Automation?

What are the Limitations of Low Code?

What Can You Use Low Code Platforms for?

What are Common Myths About Low Code?

What are the Best Low Code Workflow Automation Tools?

How to Choose the Right Low Code Workflow Automation Tool?

Final Thoughts

What is a Low Code Workflow Automation?

Low code workflow automation is software that enables teams to build out their existing processes without any coding skills or IT team necessary. The low-automation platform provides a visual editor, as well as pre-built workflows to choose from, so anyone can use it with ease. 

Low code workflow automation is also called low-code business process automation and low-code process automation.  

What is Low Code vs No Code Automation?

To better understand what low-code automation is, it helps to know what no code automation really is. Here’s the reality: 

Low-Code Automation Software

Low code software reduces the amount of coding needed to automate a process. With the aid of a visual interface and drag-and-drop functionality, any person can design a process. That’s right, there’s no need for a developer or IT team to create or edit the workflow. 

No-Code Automation Software

Ultimately, every automation software requires coding at some point or another. After all, it had to be created, right? However, no-code automation software refers to the end user not having to use coding. The end user can benefit from the software’s abilities without having to ever code or know how to code. 

What are the Benefits of Low Code Workflow Automation?

Put simply, low code workflow automation software transforms businesses dramatically. There are many benefits of implementing workflow automation software, including:

1. Saved Costs 

With low code workflow automation, businesses save on development costs and also reduce the need for extra human resources. 

2. Increased Efficiency 

With less time to build out processes, you can be up and running with adjustments in no time. Additionally, you get to pave the way for innovation as you can test and run new process flows quickly, without having to invest too much time and energy to develop an automated workflow from scratch. 

3. Ease of Integration 

Low-code workflow automation tools can integrate with existing systems so that you can make use of all of your data and existing process flows. 

By improving your entire infrastructure, you can connect systems and get a full picture view of your business. This provides an advantage, especially when it comes to performing analysis to execute process improvement. 

4. Improved Customer Service 

When you are able to adjust processes quickly and respond to customer needs, then you can better service your clientele. In turn, you can boost retention, satisfaction, and loyalty. 

5. Better Risk Management

With changing regulations constantly, low code workflow automation enables organizations to make updates on the fly to adhere to compliance. 

This is especially necessary for financial departments that are heavily regulated and have processes that are data-centric. 

As such, an automation tool like SolveXia provides swift process automation and an easy-to-use interface if process workflow updates are needed to be made. It also provides full audit trails with version history.

6. Scalability 

Digital transformation is necessary to retain a competitive edge in any business environment. When it comes to being able to grow as your business grows, low code workflow automation is key. 

It’s capable of handling a high volume of data, and with the reduced need to design from scratch, organizations don’t have to worry about delays. 

7. Internal Control 

Low-code workflow automation platforms also aid in adding internal control and transparency to business processes. This empowers management and stakeholders to know how a process is flowing and reduce key person dependencies. 

What are the Limitations of Low Code?

Low code workflow automation is intended for those who don’t wish to have every single inkling of control over the development process. For a heavy IT-focused team or process, then low code may create constraints in terms of personalization. 

However, for most organizations that are seeking agility and cost effectiveness, low code platforms offer the perfect solution as they are customizable to a degree, while still offering all the benefits you’d seek. 

Additionally, when you select a low code automation platform, look for one like SolveXia that is able to integrate with your existing apps and legacy systems. 

What Can You Use Low Code Platforms for?

Low code platforms can be used for a wide array of use cases, especially when dealing with:

  • Internal applications
  • High-use and repetitive applications
  • Processes with simple functionality 

Workflow automation is a sweet spot for low code platforms. Workflows tend to be internally controlled and used, and those who work inside processes know the workflow better than programmers. 

So, ultimately, business professionals are able to design and adjust the workflow as needed, which can be a major advantage to reap the outcome they desire, without having a lot of back and forth with an IT team. 

For example, think about a finance team that is handling many time-consuming and sensitive processes in a day. Automation will not only expedite their day-to-day activities and add accuracy, but they also may need to adjust the process along the way. 

With a low code automation platform like SolveXia, this kind of access is granted and easy to achieve. The team can use SolveXia to automate key finance functions, including: reconciliation, expense analysis, rebate management, regulatory reporting, amongst other critical processes. 

When you use SolveXia, you can expect to run your processes 85x faster with 90% fewer errors, all the while removing key person dependencies and reducing compliance risk. 

What are Common Myths About Low Code?

If you’ve been eyeing low code platforms, but concerned about deploying them because you’ve been hearing all the myths circulating, it’s time to debunk them! Here are common, but untrue statements you may have come across:

1. They are Inflexible

Low-code platforms are extremely powerful, even though they don’t require coding. Here’s why: users can utilize the drag-and-drop functionality to visually design any application or workflow as they wish. Low-code platforms also integrate with other systems, so data is endlessly available. 

2. They are Universal Business Solutions

Some may believe that an enterprise solution must be bespoke and fully developed in-house. Well, that's not the case! In fact, low-code platforms are highly advantageous for enterprises that wish to deploy quickly, save on development costs, and seek agility. 

What are the Best Low Code Workflow Automation Tools?

Looking to reap the upsides of a low code workflow automation tool? Here are a few of our favorite options to consider:

1. SolveXia

SolveXia is a low-code platform that aids in automating spreadsheet-driven data and reducing manual processes. Specifically designed for finance teams, SolveXia unifies data across systems to provide a central and single source of truth. 

In turn, you can expect to free up your team’s time to be able to focus on high-level tasks and derive depper insights to make more informed business decisions. Additionally, you will improve compliance and prevent manual processes from slowing down your team’s time. 

Once setup there is no additional need from an IT department. Users can drag-and-drop to create customized process flows and automate them immediately. As a result, you can expect 85x faster processes with 90% fewer errors, and access to advanced analytics for data-driven decision making. 

2. Appian

Appian provides AI-powered process automation to remove data silos, develop quickly, and increase efficiency. It is intended for mission-critical processes and helps with public sector case management, underwriting, insurance claims processing, and financial services customer onboarding, to name a few solutions. 

3. Pega

Pega is a low code workflow automation platform that grants businesses access to real-time intelligence and system automation. Users opt for Pega to improve customer service, streamline operations, and expedite onboarding, for example. 

How to Choose the Right Low Code Workflow Automation Tool?

With the many low code workflow automation tools to choose from, it can feel overwhelming to make a decision to move forward. When you know what to look for, it makes it easier to narrow down the options. 

Here are key features to seek out (which SolveXia offers):

1. Drag-and-Drop Interface 

Naturally, you’ll want to ensure that anyone who comes into contact with the platform can understand how to use it. A drag-and-drop interface enables this outcome as visual tools make it easy to design processes. 

2. Security

Enterprise-grade security is a must, especially since the system will come into contact with your business’ and customers’ most sensitive data. 

3. Support

Does the solution offer resources and support? There’s no doubt you’ll have questions at some point or other, so you want to make sure that someone is readily available to answer them. 

4. Integrations 

Chances are you’re using other systems within your business that hold critical data and run processes in their own right. Make sure the new solution will integrate seamlessly with your tech stack. 

Final Thoughts

Low code workflow automation makes it easy for businesses, big or small, to design and run processes without IT teams or coding knowledge. For any business that wishes to have a competitive edge, achieve process improvement, and execute workflows with accuracy, then low-code process automation is a must-have product. 

To learn more about how an automation solution like SolveXia can boost your finance team’s capabilities, request a demo today! 


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