If the answer to this question is “a long time ago” or even “never” then you are probably wasting valuable time and money unnecessarily. So often things are done as they are done, because “that’s how they have always been done”. And we are not just talking about manual processes and paperwork here, but also about the systems you use.
This is just one of the issue we discuss in our new White Paper “How to Make Real Savings in AP Finance”. The document suggests that you should take timeout to consider what your finance department actually looks like – what do you do, how do you do it, why do you do it, and who does it? Until this is clear in your mind it won’t be possible to properly identify the best areas for improvement. And for every company this will be very different.
The White Paper also discusses other ways to reduce costs such as eliminating paper processes and choosing the right system. The aim is not to provide you with a definitive list of do’s and don’ts, but to provide pointers of areas to consider. Some will be applicable to you, some may not be, and some you may already have done. But hopefully you will find a variety of thought-provoking improvement suggestions to reflect on and apply to your own business.
Click here to download the White Paper (registration required)
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