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Accounting and Scalability- How to help your business grow in a healthy way

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stressed paperworkFor small business owners accounting is merely an ancillary activity. You manage it when you have free time and spend some time at month-end to sort everything out. As you grow it begins to become a process that can no longer be ignored and you have to make accounting an employee’s primary focus. If you grow a little more you’ll need to hire a couple people to manage it. What happens when you grow past that point? Do you just continue to hire more people? There is a better way to grow you business from small to mid-sized, and that is to focus on the efficiency of the employees you already have.

Step one. Reduce/remove labor-intensive tasks.

Large-scale AR and AP offices spend a lot of time converting data from a paper form, to a digital form. The simple act of keying in data can become a full-time job for several employees. This process is easily outsourced to an OCR (optical character recognition) or hybrid OCR system. A system such as Fidesic AP can completely automate all data entry which means your employees can focus on managing the AP department.

Fidesic AP also directly integrates with Dynamics GP. That means you don’t have to enter data again once it’s already within the portal.

 

Step Two. Streamline required tasks.

Approving AP invoices is a necessary process for all firms. You need to carefully control your outgoing expenses without it being a drain on your productivity. Software such as Fidesic AP can help you attain that balance. AP staff won’t have to move paper around the office, and approvals can be made from any web connected device.  This way they will be able to do so in a more timely manner.

Step Three. Organize you data

A surprising amount of time is wasted simply filing, and refilling accounting data. Once you’ve got the PDFs and data stored within Fidesic AP, you’ll never have to dig for a document again. All documents are managed electronically offering the benefits of immediate access, and digital reporting.

For more information about Fidesic AP check out www.FidesicAPforGP.com or send an email to sales@enlivensoftware.com.


About Enliven Software

Enliven Software is a leading Lansing, MI Microsoft Dynamics ISV delivering AP and AR  business solutions across industries to local businesses for over 15 years. Enliven provides cloud based solutions that help automate Accounts Payable processes, and provide a dynamic Customer portal designed to work specifically with  Dynamics GP.

The post Accounting and Scalability- How to help your business grow in a healthy way appeared first on goERPcloud.

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