3 Solutions to Automate Your Accounting Workflow (…and save millions)!

Matterhorn Business SolutionsTel. 587-350-1082Email: david@matterhornsolutions.ca

http://matterhornsolutions.ca/automate-accounting-workflow/

3 Solutions to Automate Your Accounting Workflow

(…and Save Millions)!

Having worked in I.T., computer and business consulting since 1994, we have a lot of stories about accounting department disasters.

In the past few years with our Calgary clients, we’ve been focusing on process automation and data integration.

The following story isn’t from Calgary but we think you’ll find it very interesting.

Back in 2012, two senior finance staff at the Utah Education department were asked to resign. The reason?

An incorrect referencing on an Excel spreadsheet which cost the Education department $25 million!!

This put the funding of several schools in jeopardy. How’s that for an Excel error?

Needless to say, we all dislike daily repetitive tasks, knowing well that its not what sparks interest in our work or adds value to our customers.

Whether it is:• The inefficient linking between spreadsheets,• Manual data entry, or• Downloading bank statements & manually reconciling them

They are tedious … but not anymore!

The technology is here. It will automate the mundane and allow you to focus on the adding value part of your job.

The three following tools are useful when it comes to automating the mundane aspects of accounting workflow.

1. Receipt Bank.It extracts key information from your bills, receipts and invoices, and then can (a) publish the data to your accounting software

(b) be downloaded as a spreadsheet (c) be used to create expense reports

2. Hubdoc.(a) Converts scanned documents into searchable data(b) Automatically downloads daily activity in your bank accounts(c) Integrates right within your accounting statement, making

the reconciliation process super streamlined.

3. Workiva.A cloud based financial software that:(a) integrates cloud based Word and spreadsheets(b) allows changes spreadsheets to update automatically in all

the tables and numbers in Word financials.

The accounting industry is ripe for disruption by technology and the tools above are just an indication of advances that we expect to see in the future.

Reach out to us about how we can help automate your business process so you can focus on:

• delivering the highest value to your customers,• reduce errors, and who knows …. • perhaps save millions along the way!

Matterhorn Business Solutions is located in Calgary, Alberta. We provide I.T. support and custom application development for process automation and data integration.

3 Solutions to Automate Your Accounting Workflow (…and save millions)!

Data & Analytics

Transcript of 3 Solutions to Automate Your Accounting Workflow (…and save millions)!

WORKFLOW: How to automate and streamline coop between coders, testers and PMs?

How to Automate Your Email Development Workflow

Using Workflow Technology to Automate Business Processes · Manage Content with Workflow Manage Content as part of a business process Automate processes and preserve your “usiness

Workflow Patterns BindFlow™ · for workflow programs which automate portions of real-world business processes. The flowchart logic of ... As an example of workflow, the business

Peoplesoft Workflow Technology - soais.com · PDF fileSOA IT Workflow Putting Customer First Introduction: Workflow capabilities enable you to efficiently automate the flow of information

:Acento - Bay Digital, Inc · 2019. 5. 31. · :ApogeeX Streamline your workflow The :ApogeeX integrated workflow management solution helps you manage and automate your entire prepress

Applying DEMO to model a process and automate it in a ...€¦ · foundation needed to design the process workflow to implement in a workflow management system as to automate as much

ArcGIS Workflow Manager: Using Custom Properties to Automate Workflows Nishi Mishra.

MAKING THE CASE FOR DC WORKFLOW AUTOMATION TO … · Making the Case for DC Workflow Automation to Drive Process Optimization | 6 7 Reasons to Automate DC Workflows According to Honeywell’s

Overview of Scientific Workflows: Why Use Them? · • Independence of workflow process and data – Often, run same workflow with different data ... • Automate your pipeline •

10 Reasons to Automate Your Workflow Streamline your ... · 10 Reasons to Automate Your Workflow Streamline your printing processes for business growth opportunities

Ricoh Legal Advanced Workflow - Document … RICOH® Legal Advanced Workflow (RLAW), you can automate legal scanning workflows to manage, access and share this critical information

Automate Your BI Administration to Save Millions with ... · Automate Your BI Administration to Save Millions with Command Manager and System Manager Presented by: ... Overall Architecture

Automate Business Processes in SharePoint …aisww.com/wp-content/uploads/2015/09/Nintex-Workflow-Information.pdfAutomate Business Processes in SharePoint Quickly & Easily Nintex Workflow

ArcGIS Workflow Manager Introduction · Manager to automate Data Quality Control Workflows -Wednesday 1:30PM – 2:00PM • Web & Server GIS Exhibit Hall C -ArcGIS Workflow Manager

Power Automate - ITRAK 365 · 2020. 7. 20. · When to use Power Automate versus Workflow Processes • Currently when we think of Power Automate, we want to use it for what we cannot

Business Rules, Workflow and Marketing Automation...Benefits of workflow automation!• Workflow automation is a time saving feature. You can automate repetitious tasks and perform

10 Reasons to Automate Your Workflow Streamline your printing

You Are A Golden God: Automate Your Workflow for Fun & Profit

Building Forms-Driven Workflow Solutions · workflow solutions are essential. The goal of a workflow solution is to automate processes between people and content. Three important