In the business world, time is money, and one of the biggest time sucks in your business is the sharing of information. What are you wasting too much time doing? Examples are downloading content, faxing documents (yes, we still do that especially to government), emailing lost files and simply running across the building to get that important file. Now your staff have less time to actually do what you hired them to do, and even though the tasks don’t seem that important in the overall scheme of things, they do lower productivity and then your bottom line.
An integrated workflow and financial (accounting) software system will help to boost the long-term productivity of your business. The reason is that they can directly access system resources, without needing to go to a superior or other source. You have the necessary information right at your fingertips so you are no longer wasting time searching or making pointless phone calls, emails or faxes (one day we’ll have stopped using this archaic transmission feature).
Your employees have everything direct at their fingertips, and with this easy access they’re spending less time from their desks and on needless tasks. With this new workflow system, they can remain focused without the tasks they would normally need to complete. All of this makes it much easier for your business to produce the necessary products and services without spending time on those other tasks that waste time.
Greater Financial Security While Avoiding Downtime
The financial software aspect of this integrated Workflow system is perfect for companies with multiple departments providing financial information. The sales department may need sales figures, while the marketing department must provide advertising costs.
Without the integrated workflow and financial software system available in the business, all data must first be emailed or sent to the financial department, who then compiles the data in order to come up with the accurate financial report. This is incredibly tedious and does leave the window open to possible errors and incorrect numbers, especially if someone forgets to provide their content by the designated time frame.
However, with software, it’s now possible for every department to easily upload their figures, which is fully integrated with the rest of the company and every other department. Your staff no longer have to run around collecting data just to create and finish that financial report. The software automatically collects this data and allows the financial department to quickly produce the financial report.
Reduce WasteIt’s important for any business to reduce waste as it allows it to focus this time elsewhere on other tasks, which in turn improves productivity and the overall number of necessary tasks completed. It may not seem much of a waste of time running around to various departments to gather files and reports, but over the course of a year that can definitely add up. Having an integrated workflow and financial software system in place is exactly why you can reduce this wasted time considerably. Everyone can complete their tasks, upload it to the system and even gain access to the files which they need without ever having to leave their desk.
Improving productivity is always important, which is why applying such a system has very favourable meaning for the business. By integrating workflow into the financial structure of your business, you can save time, cut costs and boost productivity. All of which comes back and helps boost your bottom line.
You may be thinking, I’m a small business and don’t have departments as it may only be your or maybe a few employees. However, you still have departments as you have employees doing certain jobs and you can break up tasks accordingly and using integrated workflow and financial structure system can help you relieve the work maybe only you’re doing. You can achieve this with QuickBooks Online and Hubdoc (or Receipt Bank), and other software that works with QuickBooks Online. This can help sales people do invoicing as it happens or work orders are entered and the worker can turn it into an invoice.
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