Companies: Accounting technology to improve productivity




When talking about business productivity there are numerous factors to take into account, usually related to the number of tasks that a work team solves in a given time.

All the collaborators of a company maintain a similar work rhythm or have an affinity in their work methodology, when in reality, each worker has “times” of productivity and periods of procrastination, which added to the approval work of management positions, They can cause setbacks and reprocessing, increasing the volume of activities, which affects the performance of companies.

One of the main bottlenecks occurs due to accounting procedures that involve checking, adjusting invoices and reporting expenses, since these activities require a high level of detail and consume more time as they are recurring tasks that are performed even several times a day. .


Automation of accounting processes

Automating accounting processes is perhaps one of the pillars of productivity in companies today, since a certain workload is released from the work teams, relying on technology that can be programmed to carry out simple actions that consume time and attention to detail.

Currently, there is a deployment of IT tools —many of them with cloud technology— that ease corporate management in financial terms, making it easier to manage and review vouchers, invoices and bills that usually must go through the approval of different people.

What is surprising about these technological inputs are the functions they offer to carry out each type of task; for example, when digitalizing returns or calculating rates and taxes with a simple configuration and the use of artificial intelligence, all from a mobile phone.

What many companies are unaware of is that these platforms can not only help increase the collective and individual productivity of their teams, but are also behind an improvement in the well-being of their collaborators by simplifying their work schemes, to a greater extent because these Tools boost efficiency by reducing work hours in activities that must be evaluated numerous times, significantly increasing stress and being a trigger for the accumulation of pending tasks.

Automating all these processes through platforms ends up being a benefit for companies and their employees by reducing costs that were believed to be fixed, while allowing highly complex accounting data to be processed in a matter of seconds, saving hours of work and manual errors that end up generating cost overruns. , and sometimes fines for omission of information or failure to update tax rates.


technological management

However, it is estimated that 73% of companies face obstacles in managing technology due to a shortage of talent, which would be truncating the acceptance of productive tools that require certain knowledge.

The key is to adopt platforms that can be managed by almost anyone in the team hierarchy, since the employees involved in certain processes must be able to upload documents, make changes, and automate calculations that are approved in a collaborative workflow with access levels and permissions to keep information secure.

It is evident that accounting tools have a positive impact on the productivity of companies and can help stimulate better performance in teams by automating processes and digitizing information, facilitating the coordination of activities that reduce the workload.


Source: Management

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