What Automation Looks Like in Accounting & Finance Departments
An automated accounting and finance department is an efficient one. Imagine having clear insights into cash flow and critical business processes. With an automation solution, all of this and more is possible. You’ll get to say goodbye to manual processing labor for good. And because you’ll do less printing, shipping, and storing, you will enjoy those reduced costs too. As you grow and business volume increases, you’ll be able to keep up. You won’t even have to add headcount to your department. You can trust that your solution will support your company’s growth now and into the future.
Your accounting automation solution will manage your processes from start to finish.
First, you can capture your data, regardless of form (paper or electronic), using tools like scanning and intelligent capture. You can then store your content in a single content management platform. This feature provides you with quick and easy access to all the information you need in one convenient location that you can access from anywhere, anytime.
Pro Tip: You spend lots of time in your enterprise resource planning (ERP) system. The best content management solutions can integrate with your ERP for:
- Transparent Content Retrieval
- Indexing
- Workflow Initiation
- Data/Transaction Posting
Now, put that data to work! Workflow automation guides content and approvals through the correct processes. If an issue or exception comes up, the system can manage these processes. It addresses each issue or exemption based on your business rules.
With a document and content management system, you’ll complete tasks faster. And, when you leave the office each day, you’ll be confident your system accurately completed all tasks in full compliance.