It’s crazy to think that one third of people’s time in the workplace, businesses across all industries involves collecting and processing data. Mundane tasks like printing out purchase orders, walking them round for approval takes up considerable valuable time. And the risk that goes with traditional manual vendor payments and invoice processing are high: being prone to error because of the lack of visibility throughout the process. Audits are long-winded, time consuming and stressful – particularly when you’re looking in lots of different places – for a paperless audit, you can't tear your hair out, but you can definitely click your mouse to the brink of destruction!
Tracking and managing hundreds of invoices each month via spreadsheets is like trying to catch a ride on a horse when everyone else is whizzing by in Tesla’s, or even playing chess using a carrier pigeon to send your moves instead of playing online.
Not to mention the stress of audits. Doing paper audits are like sifting through a haystack for a needle when you could be using a magnet. Audits require a lot of organisation and collaboration; imagine trying to synchronise a band who all have the same sheet of music but are all playing in different keys and tempo’s – it just becomes one big, time consuming, chaotic mess.
Cloud-native financial freedom
Going paper-less with a cloud-native solution such as Sage Intacct boasts a whole host of cost-saving benefits for your business. Hours are saved through automating and streamlining through the implementation and use of Sage Intacct. All your financial functions are easily tracked, managed and accessible from multiple locations, meaning audit trails at the click of a button, accurate and insightful dashboards that reflect real-time information across multiple functions.
Some Sage Intacct customers have even said that since implementation, their audit process time has been cut in half – going from auditors spending between 4-5 days on-site, and 30 days to wrap up, to now spending two and a half days on-site doing personal interviews and returning their audit statements and tax returns soon after.
Let’s outline some of the other many benefits Sage Intacct customers have seen:
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Bank reconciliation time reduced to under an hour.
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Sage Intacct multi-dimensional capabilities enable them to generate a wide variety of operational and compliance reports within minutes—all without using Excel.
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Shortening month-end close.
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Allowing you to maintain a lean team that support continuing company growth.
Paper-less finance with Sage and Innov8
Cloud-native Sage Intacct eradicates financial inefficiencies to give your workforce an abundance of freedom whilst introducing streamlined precision, accuracy, clarity, and peace of mind. As a Sage Business Partner, Innov8 can help you get on the digital path to paper-less financial freedom with the right Sage solution that is as agile as your business.
So, if you’re sick of the spreadsheets, the hours spent on finding the information you need, tired of trying to catch a ride on that horse, then drop Innov8 an email or a call, and we can hook you up with the Tesla equivalent of all financial management solutions! info@innov8.co.uk / 0161 975 1600.