By automating the process, you save time and have accurate financial insights. Additionally, it allows finance teams to focus on more strategic tasks rather than getting bogged down by routine admin work.
Reconciliation usually happens at the end of an accounting period to verify that all transactions are correctly recorded.
If you want to grow your company, making informed decisions is crucial, and you can’t make informed decisions without understanding the financial health of your business.
This is not to scare you but to let you know that if you must apply business process automation, you must do it the right way, following the right steps
In this article, we will explore the top factors affecting the financial performance of SMEs and the key benefits of conducting financial health checkups for SMEs.
As a future-focused company that wants to thrive and maximize its productivity, you must understand the essentials of business process automation
Here in this article, we will explore key indicators that show your organization is ripe for process automation. This helps you know the right time to invest in this transformative technology.
Note that there is no one-size-fits-all when it comes to internal controls. The system of internal controls appropriate for your organization depends on the size, structure and nature of your business operations.
In this article, we guide you toward understanding what a control environment is, its importance, and its components. This will help you know how to set up a control environment in your organization.
To effectively manage fraud, three factors must be in place: strong internal controls, an internal audit function, and a whistleblowing system. Continue reading as we explore these three factors and how you can implement them in your organization.