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Matterhorn Business Solutions Tel. 587-350-1082 Email: [email protected] http://matterhornsolutions.ca/automate-accounting -workflow/ 3 Solutions to Automate Your Accounting Workflow (…and Save Millions)!

3 Solutions to Automate Your Accounting Workflow (…and save millions)!

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Page 1: 3 Solutions to Automate Your Accounting Workflow (…and save millions)!

Matterhorn Business SolutionsTel. 587-350-1082Email: [email protected]

http://matterhornsolutions.ca/automate-accounting-workflow/

3 Solutions to Automate Your Accounting Workflow

(…and Save Millions)!

Page 2: 3 Solutions to Automate Your Accounting Workflow (…and save millions)!

Matterhorn Business SolutionsTel. 587-350-1082Email: [email protected]

http://matterhornsolutions.ca/automate-accounting-workflow/

Having worked in I.T., computer and business consulting since 1994, we have a lot of stories about accounting department disasters.

Page 3: 3 Solutions to Automate Your Accounting Workflow (…and save millions)!

Matterhorn Business SolutionsTel. 587-350-1082Email: [email protected]

http://matterhornsolutions.ca/automate-accounting-workflow/

In the past few years with our Calgary clients, we’ve been focusing on process automation and data integration.

Page 4: 3 Solutions to Automate Your Accounting Workflow (…and save millions)!

Matterhorn Business SolutionsTel. 587-350-1082Email: [email protected]

http://matterhornsolutions.ca/automate-accounting-workflow/

The following story isn’t from Calgary but we think you’ll find it very interesting.

Page 5: 3 Solutions to Automate Your Accounting Workflow (…and save millions)!

Matterhorn Business SolutionsTel. 587-350-1082Email: [email protected]

http://matterhornsolutions.ca/automate-accounting-workflow/

Back in 2012, two senior finance staff at the Utah Education department were asked to resign. The reason?

An incorrect referencing on an Excel spreadsheet which cost the Education department $25 million!!

Page 6: 3 Solutions to Automate Your Accounting Workflow (…and save millions)!

Matterhorn Business SolutionsTel. 587-350-1082Email: [email protected]

http://matterhornsolutions.ca/automate-accounting-workflow/

This put the funding of several schools in jeopardy. How’s that for an Excel error?

Page 7: 3 Solutions to Automate Your Accounting Workflow (…and save millions)!

Matterhorn Business SolutionsTel. 587-350-1082Email: [email protected]

http://matterhornsolutions.ca/automate-accounting-workflow/

Needless to say, we all dislike daily repetitive tasks, knowing well that its not what sparks interest in our work or adds value to our customers.

Page 8: 3 Solutions to Automate Your Accounting Workflow (…and save millions)!

Matterhorn Business SolutionsTel. 587-350-1082Email: [email protected]

http://matterhornsolutions.ca/automate-accounting-workflow/

Whether it is:• The inefficient linking between spreadsheets,• Manual data entry, or• Downloading bank statements & manually reconciling them

Page 9: 3 Solutions to Automate Your Accounting Workflow (…and save millions)!

Matterhorn Business SolutionsTel. 587-350-1082Email: [email protected]

http://matterhornsolutions.ca/automate-accounting-workflow/

They are tedious … but not anymore!

The technology is here. It will automate the mundane and allow you to focus on the adding value part of your job.

Page 10: 3 Solutions to Automate Your Accounting Workflow (…and save millions)!

Matterhorn Business SolutionsTel. 587-350-1082Email: [email protected]

http://matterhornsolutions.ca/automate-accounting-workflow/

The three following tools are useful when it comes to automating the mundane aspects of accounting workflow.

Page 11: 3 Solutions to Automate Your Accounting Workflow (…and save millions)!

Matterhorn Business SolutionsTel. 587-350-1082Email: [email protected]

http://matterhornsolutions.ca/automate-accounting-workflow/

1. Receipt Bank.It extracts key information from your bills, receipts and invoices, and then can (a) publish the data to your accounting software

(b) be downloaded as a spreadsheet (c) be used to create expense reports

Page 12: 3 Solutions to Automate Your Accounting Workflow (…and save millions)!

Matterhorn Business SolutionsTel. 587-350-1082Email: [email protected]

http://matterhornsolutions.ca/automate-accounting-workflow/

2. Hubdoc.(a) Converts scanned documents into searchable data(b) Automatically downloads daily activity in your bank accounts(c) Integrates right within your accounting statement, making

the reconciliation process super streamlined.

Page 13: 3 Solutions to Automate Your Accounting Workflow (…and save millions)!

Matterhorn Business SolutionsTel. 587-350-1082Email: [email protected]

http://matterhornsolutions.ca/automate-accounting-workflow/

3. Workiva.A cloud based financial software that:(a) integrates cloud based Word and spreadsheets(b) allows changes spreadsheets to update automatically in all

the tables and numbers in Word financials.

Page 14: 3 Solutions to Automate Your Accounting Workflow (…and save millions)!

Matterhorn Business SolutionsTel. 587-350-1082Email: [email protected]

http://matterhornsolutions.ca/automate-accounting-workflow/

The accounting industry is ripe for disruption by technology and the tools above are just an indication of advances that we expect to see in the future.

Page 15: 3 Solutions to Automate Your Accounting Workflow (…and save millions)!

Matterhorn Business SolutionsTel. 587-350-1082Email: [email protected]

http://matterhornsolutions.ca/automate-accounting-workflow/

Reach out to us about how we can help automate your business process so you can focus on:

• delivering the highest value to your customers,• reduce errors, and who knows …. • perhaps save millions along the way!

Page 16: 3 Solutions to Automate Your Accounting Workflow (…and save millions)!

Matterhorn Business SolutionsTel. 587-350-1082Email: [email protected]

http://matterhornsolutions.ca/automate-accounting-workflow/

Matterhorn Business Solutions is located in Calgary, Alberta. We provide I.T. support and custom application development for process automation and data integration.