You want to replace the most boring, manual aspects of your work with quick, digital alternatives.Ĭloud-based. But whether you choose one of those or something entirely different, there are a few principles that make for great automation software:ĭigital solutions to tedious problems.
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What to look for in great automation software By learning to work with these new tools, you prepare yourself for the future of accounting. This last one is a benefit to the finance team member or small business CEO themselves.Īutomation tools are fast becoming a must-have for modern businesses. Good accounting automation tools will speak to your other tools and remove the need to copy/paste for hours each month. Integrate easily with other toolsĪnother classic issue that slows down the closing process is copying data from one spreadsheet to another - from one ledger to the next. And the same goes for your bookkeeping! 7. Finance teams and external accountants can access the right files and dashboards from anywhere thanks to features like privileged access management.Ĭlearly, remote-friendly work is now a necessity. Work from anywhereĭuring the height of the COVID crisis in early 2020, we were astonished to hear from companies whose accountants couldn’t help because they couldn’t physically go to the office.īecause the tools on this list live in the cloud, you won’t have this problem. Secure file uploads like these are a huge win. You also won’t have to send email scans (or credit card details) to people anymore they can just log in and see for themselves - provided they have security clearance. It's also safer than storing data on a personal computer or MacBook. But the truth is that digital file storage is far safer than moving stacks of paper from one place to the next. We’re all a little wary of data leaks and hacks these days. No need to rummage through filing cabinets or look through old books. Which means that any documents or data you need is available to you whenever you need, wherever you are. Retrieve information instantlyĪccounting automation tools are digital, obviously, and those on our list are cloud-based. There's a wide variety of business process automation software on the market, so you'll need to spend time researching the right tool for your needs. Software, on the other hand, is designed to repeat tasks endlessly in exactly the same way. The more documents and data points you process, the more likely you are to slip errors in without noticing. Humans are wonderful, but we’re also prone to making mistakes.
Work to add value to the rest of the company (and to clients), rather than simply staying busy with less impactful (but necessary) tasks. Put that extra time on your hands to use. Which of course gives you extra time for more important (and more interesting) work. The main reason most users turn to automation is to take slow, repetitive tasks off their own plates. We’ve already looked at the chief benefits of accounting automation in a previous article.
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