The rapid development of IT solutions available for businesses, is leading to a continuous need to adjust the way we handle internal activities and documentation in order to optimize a company’s resources.
Accounting activities’ evolution over the past few years are a good example of how technology influences the way we handle routine tasks that usually bear a high risk of error when performed by individuals, needless to say about how much time they take up. So, what are the best practices nowadays, in terms of financial data and documentation management?
- Eliminate basic human errors – use electronic invoices
- Let technology handle your routine activities – use OCR to extract and validate data from your accounting documents
- Make sure everyone is on the same page – use a unified accounting workflow system in order to better track the status of each activity and remove any misunderstanding regarding approval status or responsibility level
- Remove unnecessary administrative activities – offer your employees the possibility to input their expenses or any other type of requests online
- Don’t sacrifice well-performing areas or softwares in order to improve others – use flexible online solutions such as TULIP Accounting
- Merely saving a document is not enough – you need to permanently have access to the entire workflow connected to that specific document and current technology is now offering you this possibility