Banking

7 Reasons to Automate Workflows with a Low-Code Platform

What is low-code?

Low-code development consists of low-code application development, software development tools, and process development solutions. They act as the building blocks that allow the developers to construct them into workflows and applications. This low-coding feature will minimize the need to hand-code for actions and attributes, thereby making it easier for the workflows to be assembled and business apps to be developed.

Related article: Low-Code Automation | What it is & Why You Need it

Why is it important?

Low-code development is usually termed for a wide range of tools that are used to develop business software, IT applications, and processes. This platform is usually characterized by certain features, such as,

  • Drag and drop workflow designs
  • Accessibility of low-code API
  • Examining of workflows

Based upon the platform used in the business processes, monitoring facilities, resource management, and tools that aid in streamlining devops can be included in the low-code development tool. If you want to unify the processes across your enterprise and simplify the workflow, then the low-code platform offers certain benefits.

Increase in Business Agility

Usually buying software for your business is quicker than developing a result internally. However, with the advent of low-code, this whole dynamic is changing drastically. With the help of low-code, IT can just put together the required processes instead of procuring a new tool for coordination of SAP issues. As IT can just build these processes with fewer resources in a shorter period of time instead of writing and testing the new scripts, it increases the agility in your business. This simple approach in building and modifying the processes can help in making quick and easy changes by adhering to any regulatory changes thereby adapting to the customers’ needs or market changes.

Integration of Legacy Systems

Legacy systems of an organization can be integrated with low-code platforms easily just by using the already available widgets, APIs, and connectors. These low-code platforms allow the users to access various information that are available in different parts of the applications. Customer service is enhanced as the various parts and systems across the organization are connected together. This process increases the efficiency of several operations and confirms compliance by increasing transparency and integration in an organization.

Related Article: Advantages and Disadvantages of the Low-Code Platform

Rise in Productivity

As the processes in a business get automated, IT doesn’t have to write and test codes or develop applications for certain processes. This ceases the existence of shadow IT as the low-code platform offers a more systemized and regulated approach to the automated processes, which allows the users to follow the protocols efficiently that was set by the processes. Due to the implementation of the low-code platform, IT can achieve its targets in less time. Employees can be notified whenever a process faces discrepancy as the automated processes are always monitored. This allows the IT to work without having to continuously check for any issues that may occur, which increases the productivity of the employees.

Low Cost

When using a low-code platform, the amount of money spent on hiring and training the employees can be reduced significantly. Incorporating a low-code platform into a business will also increase its ROI. The automation of your businesses will produce results faster without high investment in a shorter period.

Following Compliance and Best Practice

Industries such as manufacturing and finance are constantly evolving and highly regulated with continuous revising of various rules and regulations. Low-code platforms with an agile environment allow documenting and updating workflows with ease whenever there’s a regulation change in the industry.For the process of automation in low-code platforms, the already available templates play a major role. As these templates adhere to compliance standards, it is easy for IT to incorporate them into the already existing workflow.

Deployment Speed

Deployment speed increases when using a low-code platform. Its unique drag and drop feature helps in developing the processes quickly. Using APIs and pre-built connectors this functionality can be implemented in other systems and applications. This ensures the processes can be automated and deployed instantly, as less time would be spent on coding and development. Even if any changes need to be made after initial deployment phase, the changes can be modified or updated easily.

Related article: Characteristics of High-Performing Low-Code Solutions

Easy to Use

One of the key benefit of using low-code is that the indepth knowledge of software development is not needed for developing an application. As the straightforward approach of drag and drop is easy to use, it makes the development of process automation easier. With the one-click deployment feature, it takes less time to develop and complete the automation process. So, low-code development can be done by users with minimum software development knowledge.

Related Article: An Overview of the Low-Code Market in 2023

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