The average business owner needs an additional four hours in their working day to complete their administrative tasks, according to recent research by OnePoll.
If your people are spending 20 hours per week wading through tedious and unproductive admin, that’s bad for the business and for your efficiency. Fortunately, technology and software automation can go a long way towards automating these admin tasks.
Better productivity through automation
Automation is an important way to ease your business workload, with a host of different business apps and cloud solutions offering ways to automate your admin.
With ‘smart business tools’ increasing in number and choice, software is utilizing automation algorithms, artificial intelligence (AI), machine learning, and cognitive solutions to help remove the mundane admin tasks from your workflows.
Core processes that will benefit from automation include:
- Automated bookkeeping – Simply take a photo of your receipts, expenses, and invoices and ‘optical character recognition’ (OCR) technology will digitize them and pull it through to your accounting software. No data entry, no human error, and no lost receipts! We can do the rest to ensure your records are accurate.
- Automated payment collection – the easier it is to pay you, the faster your customers will pay. Automated card payments and cloud-based direct debit solutions allow you to automatically take payment from a customer as soon as an invoice is due. Some solutions will even automate the invoice matching and bank reconciliation process.
- Automated reporting and forecasting – the better your reporting and business intelligence, the easier it is to make informed decisions about your company strategy. Accounting platforms and fintech tools now offer automatic, real-time reporting and forecasting, giving you access to the important numbers and metrics, fast.
Talk to us about embracing the power of automation!
We live and breathe automation in the cloud. We have spent thousands of hours testing and utilizing best in class business apps and cloud solutions to facilitate customer invoicing, vendor bill pay, employee expense reimbursements, cash flow forecasting, payroll, and more. If your admin is holding you back, come and talk to us about how automation can pick up some of the heavy lifting. We can review your business processes and identify the automation opportunities, help you choose the best apps to drive your business efficiently, and set them up and manage them for you.
Please schedule a chat here. As always, our complementary consultations are no-pressure and no-obligation.
