3 Ways To Adopt Tech in Finance & Get Real Benefit for the Finance Function
12th Jul 2019
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'Digital Quick Wins' is a concept from the Boston Consulting Group about how more complex businesses look at making some of the finance processes more digital without a huge, expensive and often frustrating 'digital transformation' programme.
In this paper from Darren Cran, UK MD of AccountsIQ, he explains how there are three simple steps you can make that will quickly enhance your finance function.
Mid-market life isn’t digitally easy
As staying on top of compliance and data has become more intensive in recent years, technology has lent a hand, providing a way to develop more efficient ways of working and scaling, without necessarily just increasing headcount.
Even small organisations can benefit from linking together different processes, not least through the availability of cloud based systems that talk together efficiently through APIs (the keys which one programme can link and share data with another). A very small organisation these days, with only a few employees, can harness sales transactions, payments, customer relationship management, fulfilment, and stock control in a near seamless way without an expensive implementation process.
This Quick Digital Wins paper takes you through three ways to adopt tech with real-life examples that your finance team can implement now to drive efficiency. Moving towards transformation isn’t easy but in this guide we share real-life examples of how even small organisations can drive efficiencies through technology such as invoice OCR, expenses and a fixed asset register
Three digital quick wins:
Invoice OCR and approval
Fixed Asset Register
Plus a 7-step process for transforming your finance function