It is a question you may ask yourself if you are facing issues with your current accounting system and processes. You may have digital technology in place, but the full functionality is not being used or the applications are not integrated, meaning processes are manual and laborious.
It is important to review your finance function to ensure it continually improves over time. Technology has evolved and so should your systems and processes. Spending time mapping out the current state will help you to assess the pain points and identify areas where you can increase automation and drive efficiencies.
There are many triggers for why it might be time to identify improvements and ensure the finance function is in line with your future state requirements – Are some of them mentioned below?
Processes
Systems
Data and Management Information
Increased process visibility:
Enhanced Efficiency:
Automation:
Business Intelligence:
If you would like to know more about how we can help your business to increase the efficiency of your finance function using technology, please get in touch.
From automating processes, improving management information, enhancing operations, to utilising the range of grant funding and tax reliefs available to SME businesses – there are many ways to enhance profitability in your business.
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