Why should you do get rid of manual accounting processes?

By driving savings through penalty avoidance, discount capture, and lower labor costs, accounting is expected to contribute to the bottom line of the company. However, accounting departments find it difficult to achieve these goals if they use paper processes.

Here are five reasons to get rid of manual accounting processes:

Paper invoicing takes more hours to manage

It is necessary to have a cross-reference check for each invoice being sent out in order to make sure accuracy. Also, invoices can require multiple levels of approval while it can takes week to send a paper invoice manually from desk to desk.

A variety of sources raises the chance of errors

Invoices requiring manual processing can come through multiple sources, which adds to the processing time and raises the chance of errors.

Paper invoices are hard to monitor

Misplacing a hard copy is too easy in a modern fast-paced work environment, which can lead to valuable time spent fielding internal and external queries about payment status.

Audits are nightmares

Paper-based processes make audits worse. Digging through files drawers to look for the right information and pull it together for auditors are not easy.

Budgeting and forecasting are not accurate

It is different to have accurate budgets and forecasts if information is not easy to be accessed.

Right now you think it is time to good bye to manual accounting processes, choose Sage and its powerful add-on called iCapture. With iCapture, you can improve productivity toward a paperless office.

Contact inFORM Decisions at 800-858-5544 for a discovery call and competitive pricing or visit us online at http://www.informdecisions.com.

Source: k2.com