Create Efficiencies in your Account

Posted: by Aaron Tapp

Business owners around the world have one common complaint, they are time poor. There are never enough hours in the day, which is why they regularly stay working in the business rather than on the business. Imagine if you could free up some time to enable you to work on growing your business and planning the future. There is one simple step that can help any business to achieve this, improved workflow.

By focusing on key tasks to improving workflow in the organisation businesses both large and small can improve efficiencies. One area to start on is to investigate the many services available that link all your supplier invoices through a smart capture solution customised down to the individual supplier’s invoices.

Key information such as supplier name, invoice number date ABN, GST invoice amount can be read for theses advanced scanning technologies whether it be hard copy invoices or emailed invoices. Information is then put through a work flow with rules around whatever criteria the client would like such as approval amounts, tasks, approval delegation and permissions and invoice cross referencing.

A complete purchase to pay digitised solution takes away the pain of manual input and labour intensive tasks. No more manual keying into your accounting system, no more paper based administration. A complete audit trail workflow with 0% mistakes. The time savings are huge and it makes your business easier to manage.

All businesses small or large handle their accounts payable differently. These solutions do not replace existing systems, they simply link your staff to the existing system via smart human reasoning services. It’s very affordable for small businesses with the ability to reduce staff time by up to 80% around existing processes.

Colourworks Northern Rivers has a team of 9 developers that we offer business improvement processes through to make your business run more efficiently. Our team includes a certified Xero Accounts, Myob, Reckon (quick books) partner and many more.

Automation of business process gives the ability for mobility, incredible efficiencies and
transparency. Allowing businesses and business owners to free up time to focus on business growth and planning for change.

For more information contact Colourworks Northern Rivers on 02 6621 9191.

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