http://www.frevvo.com/e-forms-workflow | Has your company discovered the power of the cloud? When it comes to the business world, companies cannot afford to be left behind.
More than Just Lines on a Map: Best Practices for U.S Bike Routes
Financial Process Automation
1. Financial Process Automation
Finding ways to increase productivity and efficiency is essential in order for a business to stay
viable and grow. One way that organizations are completing this objective is by investing more
resources in cloud computing.
Moving to the cloud allows businesses to reduce the amount of time and resources needed to
complete workflows, such as financial processes and approvals. By automating the process,
organizations are able to use online forms and the power of mobility to increase approval rates,
and make faster decisions.
When it comes to the business world, companies cannot afford to be left behind. Financial
process automation ensures that organizations can continue to move forward and focus on what’s
important – customers.
Reasons to Eliminate Manual Processes
One of the main obstacles that businesses and organizations face is the time it takes to get work
done on a daily basis. According to a recent survey from TD Bank1
, while CFOs are optimistic
about their company’s performance in 2016, they’re extremely concerned about inefficient
processes. As a result, they intend to increase capital spending on technology.
The fact is that even routine processes such as vendor invoices, purchase orders, and expense
reports take up an exorbitant amount of time if done manually. As a result, employees and
managers have to wait longer for reimbursement claims to go through, or to be able to order a
key piece of equipment, and there is also a higher rate of inaccuracy in the manual process.
With affordable, easy-to-use cloud solutions for financial process automation, gone are the days
of printing PDFs for signatures, scanning receipts, and tracking down approvals in an email
inbox. Cloud-based solutions offer organizations complete end-to-end automation, while also
adhering to best practices for the industry.
When employees can quickly and easily submit and track processes, and obtain results, it leads
to happier employees with higher levels of productivity and customer service. You’ll increase the
speed at which you do business while simultaneously getting improved visibility and compliance.
It’s also a catalyst for business agility, which allows businesses to rapidly respond to changing
market conditions in order to take advantage of new opportunities.
The Features of frevvo Web Forms
Online forms with frevvo offer a simple, efficient, and transparent way to automate financial
processes. Businesses are able to design their own forms from scratch, so they are customized to
fulfill every need. This allows employees to clearly see information that is being requested and
makes things easier by combining everything needed for the financial process and approval all in
the same place. Teaming up with frevvo helps automate your financial processes including:
Sales Orders
Purchase Requisitions
Expense Reports
2. Mileage Estimates & Reimbursements
Credit Authorizations
Time Sheet Data
Cost Allocation
Recruiting Authorizations
Budget Approvals
Travel Claims
Highly automated organizations get up to 5X more done and save up to 80% of costs compared
to those who are still using manual processes. Learn more about frevvo and how web forms can
help increase productivity and automate workflows by contacting a member of the team today at
(203) 208-3117 to set up a free trial.