The process automation recipe!

Improve process and workflow with i-Dynamics Solutions Ltd

Posted by Lucy Beck on October 25, 2012

There is nothing more detrimental, in life and in business, than having an inefficient work flow. The benefit of having a positive sequence of processes is much higher than the multitude of negatives if you don’t. Completing things in the right order is always a great idea – heading off to work in a soggy suit because you got dressed before your shower is never going to be ideal! In relation to accounts payable, automating the workflow is definitely a bright idea. Much like making a cake, in which you want to follow a straightforward sequence in order to make sure your Victoria sponge can rival that of Mr Kipling, keeping your workflow simple is great for business. Decorating your sponge cake after you have cooked it is not rocket science, it is just always going to work out for the best this way and in the same way automating your accounts payable just makes sense; your workflow is stream lined, effective and works faster which leads to great results. So, what are the 3 main ingredients of a successful workflow in an accounts payable cake? 1. Whisk in a tablespoon of control. By automating your accounts payable process you are eliminating inefficiencies which can be brought on by human error and gaining full control of your accounts. The risk of document loss is significantly eradicated too as documents are received into one specific place. This new found control will also mean that the full accounts payable workflow process can be monitored with continual AP statistics and audits. 2. Add a spoonful of efficiency. Not only will you have gained control of your accounts by this point but now your workflow efficiency will go through the roof. Staff will now be able focus fully on other important tasks rather than monotonously entering invoice details. 3. Stir in a generous measure of cost cutting. So now with all that control and efficiency under your belt with your automated AP, you can now start to reap the rewards! With less accounting staff needed to process your invoices your work costs will be much less. Not only that but with your workflow cycle being faster, you will be able to secure yourself some nice early payment discounts and definitely avoid any possible late payment fees. So you really can have your cake and eat it! Contact i-Dynamics and start the process of improving efficiency for your business today. 01722 480100