Get Up-To-Date Business Information at Your Fingertips
Cloud Accounting and the integration of multiple internal systems will help take your business to the next level by placing up-to-date information about your business at your fingertips. Perform such tasks as uploading receipts and other bookkeeping data from anywhere and have it available in real time through your preferred accounting software. Increase the efficiency with which your company processes accounting data so that you can keep up with the demands of your clients and access critical business analytics within a single dashboard.
Cloud Accounting Benefits
Benefits for the business include:
- Instant access to current business data
- Improved information for decision making
- Remote access to files stored within the cloud
- Automation of routine tasks
- Increased cash flow by automating routine debtor collection
- Increased visibility
- Cost-effective solution to scale up or down as required
- More efficient recordkeeping with automation
- Increased control within businesses
- Forecasting and data analytics
- No more chasing expense receipts
- General efficiencies and waste reduction within the business
Why choose Advivo to help you with this?
Advivo is a team of accountants and business advisors who specialise in growth and taking businesses to their next level. This means we understand the bigger picture and can listen and advise; not just on the cloud accounting and integration aspect, but on the many efficiencies to be recognised with a robust cloud accounting and integrated solution.
In fact, we often find the major inhibitors to growth are the existing accounting system and other software being used within the business. Reasons for this vary but, in many cases, it comes down to old legacy systems which are deeply ingrained and seen as ‘too hard’ to change. It can be daunting to change your accounting package or business software, but ‘too hard’ is an excuse – not a reason.
Advivo’s team of specialists will help you cut down on unnecessary labour-intensive inputs through the use of automation and external inputs. Programs like Receiptbank or Hubdocs allow users to upload their receipts remotely and through automation can be scanned and categorised, even generating an automatic bill that just needs to be checked and approved. Pair this with our bookkeeping and payroll services and you’ll find that closing monthly accounts have never been easier so that when tax time rolls around, you’ll be ready.
Change is scary – We get it!
Whether they own up to it or not, many people fear the unknown. It’s the uneasiness we feel when there’s something large afoot, which could either be really good or really bad. It’s unnerving and uncomfortable to not know the outcome, and many of us avoid change because of that, but at what cost?
Technological advances in the cloud accounting and integration field have really taken off in the last five years. There are far more efficiencies to be gained today than there were even just 12 months ago. Part of helping businesses grow involves reviewing their processes and we often find outdated, cumbersome or inefficient procedures/processes in place because the business is shackled by legacy software.
It’s difficult for business owners to quantify what it’s actually costing them to not change because that’s how they’ve always done it, and many find difficulty in seeing past this and thinking of their current costs as being necessary. But this is often not the case.
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Perception is reality – If you can’t change, change.
When people perceive something to be overwhelming, they might find it easier to ignore it or to put it off for as long as possible. This is dangerous for so many reasons. We find that once people understand what’s involved with cloud accounting and integration, along with the benefits to be recognised, they find themselves wondering why they didn’t make the change years ago.
Change is inevitable – Own it!
If you initiate change, you have the opportunity to control it and manage how it rolls out. If you wait for change to be thrust upon you, you’ll have no choice but to take action when you may not ready. It makes far more sense to identify what changes you will need now and, in the future, and then be able to manage it at your own pace.
So, consider Single Touch Payroll – A change being thrust upon us.
Single Touch Payroll will affect every employer within as little as three months’ time (1 July 2019).
Many accounting packages are still not ready for single-touch payroll and plenty of businesses with outdated software will be forced to change because of mandatory single-touch payroll obligations. Again, this is a situation where Advivo can help. We welcome the opportunity to assist any business with their transition to single-touch payroll and are happy to provide more information on how cloud accounting and integration could be of benefit to you and your business.
