Financial Process Automation Can Help You More Effectively Manage Your Assets
Your finance department is responsible for helping you identify and implement cost-saving measures across your organization – but if they haven’t made any moves toward automation, they’re missing out on one of their most significant opportunities. Financial process automation can help you spend less time on low-value activities, like data collection, and more time on analysis and strategic decisions.
When it comes to improving your company’s financial health, there are a variety of processes you can automate, from approving non-PO invoices to eliminating manual data entry. You can take a comprehensive approach, automating your purchase-to-pay and order-to-cash processes, significantly reducing operating costs (and increasing accuracy) end to end. Or, you can focus on automated reporting and enhanced analysis. No matter which approach makes the most sense for your business, you’ll see improvements right away.
What are the Benefits of Finance Automation?
Let’s be honest: most financial processes involve extensive back-and-forth discussion, multiple approvals, and manual processing, making them time-consuming and inefficient. By automating certain workflows, you can get from start to finish with fewer delays.
Financial process automation also allows you to:
- Instantly identify non-payment risks and other areas of financial concern
- Make faster credit decisions
- More effectively forecast your future financial obligations
- Capture a higher percentage of vendor discounts
- Avoid late payment fees
- Trim unproductive overhead
With the potential to add so much value to your business, a comprehensive automation strategy can help you drive your company forward.
ERP-Integrated Financial Process Automation Software
You’ve already invested significant time (and effort) in developing solid financial processes. You need your financial process automation software to work with your existing financials application.
IntelliChief’s high-ROI automation tools are specifically designed to integrate with any ERP or line of business system. Because our software works seamlessly with SAP, Oracle, JD Edwards, and other leading technologies, you’ll be able to use the application you already have – just in a more efficient way. Plus, you’ll benefit from increased visibility into all of your organization’s financial processes, helping you make smarter, data-driven decisions.