Accounting and finance are at the heart of every business – no matter what the sector. But as the UK business world is set to be tested as the country enters a time of uncertainty, now is the time to overhaul the way finance departments work. And one of the most efficient ways to do this is by moving to the ever efficient paperless way of working – according to one of the country’s largest document scanning specialists.
Pearl Scan has over a decade of experience working with businesses all over the UK. The company offers intelligent solutions for helping businesses make the transition to paperless ways of working, and their invoice data capture service has proven to be one of the most valuable. And as April fast approaches and a new tax year looms, now is the prime time to make these streamlining, and often business defining, changes.
Naveed Ashraf, Managing Director at Pearl Scan Group, said, “Although the economy is looking healthy at the moment, there are concerns that as the Brexit wheels start turning, it could put pressure on businesses over the next few years. However despite every company wanting to streamline and make positive changes where necessary, the idea of overhauling paper processes and turning them into digital ones is often overlooked for numerous reasons.”
Typically when buyers receive paper invoices from their suppliers, they have to manually key this into their own accounts or finance system. As with every manual process, this can prove to be extremely time consuming and expensive – accounting for up to 75% of a worker’s time. By using a specialised invoice data capture service however, this time can be freed up, allowing workers to focus on other financial aspects and perhaps help it to grow going forward into the 2017-18 financial year.
Naveed, added, “All too often people assume that digitising a way an organisation or department is run will be too disruptive and expensive. But this is far from the truth – if they choose to use specialist scanning companies.”