Did you know that over 65% of small businesses outsourced tax preparation and payroll tasks?
This staggering number shows just how many business owners spend extra money on outsourcing crucial accounting tasks to outsiders. This may seem like a great way to optimize processes and keep your accounting books in sync. But the truth is, businesses often don’t have the enough manpower or skill to manage finance.
Keeping your balance sheets in order, managing individual transactions on a day-to-day basis, updating accounts, manual data input, all such tasks which fall within the core function of business finance can turn out to be a nightmare if left to a manual workforce. And it would be wrong to overburden your accounts staff and to expect them to be 100% accurate with the numbers, every single time. So, if you wish to stick to this outdated way of handling your accounting processes, expect delays, inaccuracies and a tangled team.
But if you are actively looking for a solution that takes care of all your finance processes, consider automation software programs. Value Creation Automation (VCA), is one such service provider which is taking accounting challenges head-on. This firms specializes in accounting and finance software programs, and has helped hundreds of small-to-medium sized businesses to automate and grow.
What makes VCA Finance Unique – No outsourcing needed
VCA isn’t an off-the-shelf solution you buy and install. It isn’t a product you have to compromise your business with. The product is customizable, usable, and unbelievably affordable. So, no matter how small your business is or how tight your budget is, you can definitely buy this. There is no capital investment, no hardware requirement, no technical fee. VCA has been designed to give businesses the power to excel through excellence in financial processes in return for trust, not greed.
But as most business owners are looking for a logic-backed reason to buy a certain accounting software program, so let’s get down to real business here.
You won’t find the need to outsource any accounting or finance activity. The solution covers entire accounting processes from start-to-end. In other words, each function whether it is simply updating transactions and accounts, creating new accounts for new transactions, managing books, computing balances and reports, everything is triggered and executed by the system.
Inadequate, unnecessary and inefficient activities are thrown out of the window
Hundreds of hours are wasted over creating spreadsheets, putting numbers in, finding inaccuracies, fixing errors, etc. Imagine how frustrating it becomes when you spend half a day trying to update your balance sheet only to find out that it doesn’t balance?
Every process is made up of different tasks, some dependent on each other, some completely independent. The point here is that all such tasks must give some form of value at the end of the day. If they don’t, you don’t need that task at all.
VCA Finance simply streamlines all financials processes and reduces the length of the process flow to create an extremely value-driven, time-saving process structure. Each task is interconnected and devised to meet defined quality criteria.
Quoting, invoicing and billing in entirely automated
A new customer requests a quote sometime during the day, and because you are busy elsewhere, you forget to respond and end up postponing the request. This can be risky and you may lose a potential customer, a fact many businesses choose to overlook.
But VCA finance automates this process, sends out immediate notifications and ensures the customer receives the quote within a stated deadline. Your worries ended, right here with VCA. Apart from that, system can generate automated invoices and billing requests for customers, clients and suppliers. Your staff won’t have to manually create such documents or worry about sending them out on time.
Transactions updated into accounts automatically
Money is a resource which flows in and out of a business on a daily basis. Keeping track of every single transactions is difficult manually. In most businesses, at the end of each working day or week, all receipts, bills and payment documents are gathered and updated onto relevant accounts – for the purpose of balancing off accounts or sending reports. But this tedious process is full of errors, missing receipts and other issues which slow down the overall financial function.
You can eliminate this manual process of updating accounts with VCA Finance. Since the system is integrated with entire processes, all payment and cash transaction are identified, computed and stored on to the relevant account. Pre-built advanced computation formulas enable correct input of data and automated balancing of accounts.
Banking integration is possible on all fronts
Every now and then, you have send staff to your bank to cash checks, withdraw money, make payments etc. Even with an online banking platform, you still need to manage your accounts and make sure all information is synchronized. But imagine having an accounting software which integrates with your affiliated banks. Any transaction occurring in your business will automatically show on your business accounts. VCA Finance has the AI ability to detect paychecks, transactions and monitor all key finance activity, crediting and debiting, and sending requests to your banks on time.
Financial Reporting at your fingertips
At the end of the day, you want to see real data which shows where your business is heading. You want to know the profit/loss margins as of now, asset depreciation, daily income, expense, ROI, and so much more. If done the outdated way, you need to give your staff time to collect data and make reports. But with VCA Finance, every report is retrievable at the click of a button. Your personalized dashboard shows graphs, charts, comparisons, and other useful analytics which give you a real-time picture of your company’s financial health.
To conclude this article, all I would like to say is that the future of financial management and accounting is automation technology. No matter what industry you fall in, automation is always a handy tool to embrace. The level of difference a software program can make is enough to convince you to buy one. But not just any one, but rather, the right one. If you are worried about investment or capital requirements, VCA is the perfect fit. The providers of VCA have set out a path which makes finance automation a reality for even the small business owners. So, pick up your phone and give them a call for a free consultation right away.