Finance & budget departments have come a long way since physical General Ledgers (actual books) and counting machines. The idea of a finance department without modern PC's and the most basic of applications like word processors & electronic spreadsheets is almost laughable.
While CPA's have begun adopting tools for complex tasks like reporting automation, some other tasks have slipped below the automation-radar:
These manual, repetitive, and high volume tasks are still largely carried out by skilled professionals in most finance departments. Professionals whose time would be better spent on higher-value responsibilities (like analysis) often attribute countless hours to these arduous and, for want of a better word, boring tasks.
So why have repetitive tasks requiring little or no knowledge/skill been left to manual processing while other tasks such as financial statement and budget book generation have been largely automated in the last decade? It all comes down to scale. There are an unlimited number of unique, repetitive tasks that organizations would benefit from automating.
Purpose-built solutions designed to automate specific complex tasks that:
Customizable bots designed to automate any tasks that:
We have scoured the market to find the best solutions available. Learn more about the solutions we recommend and how they can enhance your finance department.
Automate up to 100% of repetitive time-consuming tasks. Saving up to 100% of the time spent administering them.
The most common causes of errors for repetitive, high volume & manual tasks is human error. Humans are just not built to deal with excessive repetition. The mind wanders, and mistakes are made.
CPA's did not obtain their designations so they can spend hundreds of hours completing data entry type tasks. Furthermore, they don't want too. Free up your staff to do the work that really adds value to your organization and gives them a sense of worth.
Accounting Automation means eliminating countless billable hours.
Modern, dedicated automation tools are designed to manage entire business processes without paper.
I am certainly happy we implemented CaseWare. I easily saved 40 hours of time. Plus, we saved $8,000 on our audit fees because of the time it saved the auditors. We expect it will get faster and better yet!
Carol Hounsell, Manager, Accounting Services City of Leduc
Now, our financial statement generation is almost completely automated. We import the data from our accounting software and make all the adjustments in CaseWare. It is much faster to work in CaseWare, easier to troubleshoot and create any on- the-fly reports we need. (Read more...)
They are recognized experts in both CaseWare and municipal reporting requirements. We value that experience and look to them for assistance developing best practices for our reporting cycles going forward. Our province has additional unique requirements. F.H. Black was familiar with these requirements and could help us meet them using CaseWare. (Read more...)
F.H. Black understands municipal accounting. There’s a tremendous knowledge base within the company and they use that knowledge to come up with strategic recommendations that really help us leverage the software to our best advantage. (Read more...)
FH Black exceeded our expectations. From day 1, their project manager (Darryl Parker) made us believe we were his one and only client. With his deep knowledge in governmental accounting, he had a clear understanding of our practices and challenges.
Judy Lynn, Sr. Financial Analyst Washington County Oregon