In Sri Lanka and the world over, the corporate landscape changed rapidly over the past two years due to the Covid-19 pandemic which established ‘Work From Home’ (WFH) as the status quo – even in the aftermath of the pandemic, however, it is widely believed the option to work from home is likely to remain popular among millennials and their successive generation, Gen Z.

What is the appeal about WFH?

Working from home saves time, money and energy. Especially in Sri Lanka, commuting is not only expensive but utterly time-consuming given the magnitude of traffic on roads during peak hours, especially in Colombo and its suburbs. Therefore, it is much more logical to save time & sanity by working from home granted the work can be delivered at the same level of efficiency, transparency & accuracy.

Work from Home is synonymous with digitalization. Digitalization is better for the planet because it cuts down significantly the obvious need for paper. The paperless revolution started well ahead of the Covid-19 pandemic but took off officially after restrictions were imposed on contact & travel

How to make sure everybody is on the same page:

Like everything else, working from home takes a little bit of getting used to. However, over the past 2 years many organizations have successfully managed to overcome the challenge of making the shift from physical to virtual. What has helped with it is tools that are designed to perform tasks with greater accuracy and transparency such as DigiEx which is an expense management system incorporating a host of exciting features and functions and presents itself as an alternative to conventional ways of managing workflows manually or with physical documents.

It can be used for a host of different functions out of which petty cash management, supplier payments and employee payments and reimbursements are most notable. For any organization that is apprehensive about going digital, management of petty cash transactions or employee payments or supplier payments via the application are a good ways to start.

Why DigiEx?

DigiEx is a highly rated application which can be installed for free from App Store & Google Play. The app has a pay-as-you-go model which enables customers to customize their experience according to the specific requirements of a given business entity. DigiEx is highly encrypted to deliver optimum safety for confidential information about transactions. The app acts as an archive for invoices and receipts and can work in harmony with existing ERP.

DigiEx is a Sri Lankan innovation and allows businesses of every scale to instill financial discipline within the organization which is of paramount importance for successful growth. Most products in the market today to not cover small & medium segments but DigiEx has been designed to be inclusive. The app enables all transactions to be authorized and monitored centrally which saves time, energy and money.

Digitalization is here to stay and organizations that have already invested substantially in upgrading or leveraging their processes will continue to have an advantage over those who have not. Indicating the surging demand for robotic automation a leading company Blue Prism was quoted by the Wall Street Journal claiming their sales soared by 125% in the past fiscal year.

Locally, the Government is very eager to promote digitalization and recently declared that the relevant ministry was to initiate building 5 technological parks across the country to empower innovation. According to the Ministry of Technology, this project is meant to strengthen Sri Lanka’s vision of emerging as a “technology-centric economy”. Aligning with the same vision, private enterprises of every size and scale should consider giving technology a chance.

Sources:
https://www.wsj.com/articles/demand-surges-for-software-robots-that-automate-back-office-tasks-11556140608
http://www.colombopage.com/archive_21A/Mar22_1616436600CH.php#:~:text=The%20creation%20of%20five%20new,been%20identified%20for%20the%20project.