Quick digital wins for finance teams
'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 new paper from Darren Cran, UK MD of AccountsIQ, he explains how there are quick digital wins 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 guide takes you through three quick wins for finance with real-life stories that your finance team can implement now to drive efficiency. Moving towards transformation isn’t easy but iIn 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
- Expense capture
- Plus a 7-step process for transforming your finance function