3 solutions to automate your accounting workflow (…and save millions)!
TRANSCRIPT
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Matterhorn Business SolutionsTel. 587-350-1082Email: [email protected]
http://matterhornsolutions.ca/automate-accounting-workflow/
3 Solutions to Automate Your Accounting Workflow
(…and Save Millions)!
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Matterhorn Business SolutionsTel. 587-350-1082Email: [email protected]
http://matterhornsolutions.ca/automate-accounting-workflow/
Having worked in I.T., computer and business consulting since 1994, we have a lot of stories about accounting department disasters.
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Matterhorn Business SolutionsTel. 587-350-1082Email: [email protected]
http://matterhornsolutions.ca/automate-accounting-workflow/
In the past few years with our Calgary clients, we’ve been focusing on process automation and data integration.
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Matterhorn Business SolutionsTel. 587-350-1082Email: [email protected]
http://matterhornsolutions.ca/automate-accounting-workflow/
The following story isn’t from Calgary but we think you’ll find it very interesting.
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Matterhorn Business SolutionsTel. 587-350-1082Email: [email protected]
http://matterhornsolutions.ca/automate-accounting-workflow/
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!!
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Matterhorn Business SolutionsTel. 587-350-1082Email: [email protected]
http://matterhornsolutions.ca/automate-accounting-workflow/
This put the funding of several schools in jeopardy. How’s that for an Excel error?
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Matterhorn Business SolutionsTel. 587-350-1082Email: [email protected]
http://matterhornsolutions.ca/automate-accounting-workflow/
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.
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Matterhorn Business SolutionsTel. 587-350-1082Email: [email protected]
http://matterhornsolutions.ca/automate-accounting-workflow/
Whether it is:• The inefficient linking between spreadsheets,• Manual data entry, or• Downloading bank statements & manually reconciling them
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Matterhorn Business SolutionsTel. 587-350-1082Email: [email protected]
http://matterhornsolutions.ca/automate-accounting-workflow/
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.
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Matterhorn Business SolutionsTel. 587-350-1082Email: [email protected]
http://matterhornsolutions.ca/automate-accounting-workflow/
The three following tools are useful when it comes to automating the mundane aspects of accounting workflow.
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Matterhorn Business SolutionsTel. 587-350-1082Email: [email protected]
http://matterhornsolutions.ca/automate-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
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Matterhorn Business SolutionsTel. 587-350-1082Email: [email protected]
http://matterhornsolutions.ca/automate-accounting-workflow/
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.
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Matterhorn Business SolutionsTel. 587-350-1082Email: [email protected]
http://matterhornsolutions.ca/automate-accounting-workflow/
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.
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Matterhorn Business SolutionsTel. 587-350-1082Email: [email protected]
http://matterhornsolutions.ca/automate-accounting-workflow/
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.
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Matterhorn Business SolutionsTel. 587-350-1082Email: [email protected]
http://matterhornsolutions.ca/automate-accounting-workflow/
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!
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Matterhorn Business SolutionsTel. 587-350-1082Email: [email protected]
http://matterhornsolutions.ca/automate-accounting-workflow/
Matterhorn Business Solutions is located in Calgary, Alberta. We provide I.T. support and custom application development for process automation and data integration.