- April 1, 2017
- Posted by: kobeyconsulting
- Category: Finance & accounting, Innovation
A firm that is automated is the way of the future. It’s best to automate as many functions as possible. This reduces the amount of time spent on admin tasks and increases the hours available for working with clients.Automating your accounting process presents enormous opportunity for your business.
Automating may not necessarily mean a fully automated process. It also includes semi-automating tasks which still provides savings in the labour component of the process.
- How To Start Automating:
One of the first functions that you can start automating is the client accounting function. We are also quickly approaching an era of “no-code accounting” – truly zero data entry. Automation will lead us all into a bright future!
- Higher business values:
The link between profits and business value means that the moment a corporation creates a new sustainable level of profit, the business value is adjusted accordingly.
- Lower staff turnover:
This, combined with the culture that must exist for innovation and creativity to flourish, means that new employees will be attracted to the organization.