Accounting process automation is a game-changing business decision. Let’s back up this statement with some amazing statistics from the most trusted sources:

• Trust Radiusreports that over 40% of accountants intend to automate their bookkeeping, workflows, and invoicing tasks.
• 29% of the global automation technologies are applied in the accounting and finance industry
• 60% of SME owners aren’t well-versed in accounting and finance roles and, therefore, require automated software tools to perform operational accounting tasks
• Experts predict 4%automated accounting job growth in the two years

Interesting, right? But how do you automate accounting functions without incurring hefty business costs and vulnerabilities? Let Vates help you. The industry-leading IT firm is known for its holistic software development, IoT, IoB, and automation services. They also have an IT support and maintenance team to ensure smooth software performance and bug elimination.

Image Filename: IT-software-team

Image Alt Text: A software team discussing client requirements

Vates is a nearshore custom software and app testing company offering impeccable IT solutions to businesses across Chile, Atlanta, and Argentina. With our professional and proficient team of Information Technology, Artificial intelligence, Big Data, and software development experts, you can rest assured that your accounting automation project is in good hands.

Let’s shed light on the key steps to automating a small business’s accounting department.

Step 1: Hire a Reliable Nearshore Software Development Team

First things first, small businesses must hire nearshore IT team before diving into any kind of automation project. SME owners and entrepreneurs don’t have the necessary expertise and skills to implement technologies. They are not aware of the latest methodologies, industry practices, and potential hazards.

Accounting is a very critical and vulnerable business operation. It requires a foolproof project timeline for quick automation. You cannot spend weeks automating each bookkeeping process. A good software development team minimizes automation costs, improves employee performance, and integrates confidential business data. It can quickly restore digital accounting operations to eliminate fulfillment delays.

A professional, reliable PMO software team is your gateway to accounting automation success. For example, Vates can develop custom and agile software for your business accounting functions. These tailored IT solutions are effective for streamlining data on the cloud without compromising its safety.

Step 2: Get a Custom Software Solution for Your Accounting Department

Custom software solutions are the best option for small business managers who want to automate their functions one by one. It gives them the liberty to mix and match software features for automation and reduce high costs. You can talk to your nearshore software development team to digitalize one, two, or a couple of accounting functions.

This way, your employees won’t feel the burden to learn new, advanced tech practices in one go. Moreover, a professional software development team will also provide end-to-end software support services for continuous bug fixing and performance improvement.

Vates is a nearshore custom software and app testing company offering impeccable IT solutions to businesses across Chile, Atlanta, and Argentina.With our professional and proficient team of Information Technology, Artificial intelligence, Big Data, and software development experts, you can stay assured that your business will be in good hands.

Step 3: Interlink Basic Payment Data

Accounting is all about data entries, tracking payables and receivables, and verifying invoices. These tasks are monotonous and a leading cause of employee demotivation. You can use automated accounting software to interlink the basic recordkeeping data. It allows workers to easily track, retrieve, and categorize customer and client details on a cloud platform.

Automated accounting can also integrate performance dashboards, business financials, and transaction details into one module. You can protect it using control access and the latest encryption methods.

Step 4: Train Your Workers

A small to medium-sized business has around 15-50 employees. They require constant training, development, and support programs to adapt to new business practices and models. Similarly, an automated accounting system also mandates T&D initiatives to reduce workforce disruption.

You should talk to your IT solutions provider about the key areas wherein employees need training. Untrained employees fail to performautomated tasks like software access, data reporting, and virtual recordkeeping due to poor support.

All in all, automating accounting tasks will help your business escalate at a rapid pace through:

• Reduced paperwork
• Increased tech reliance
• Rapid digitalization
• Better data security
• Improved data accuracy
• Dedicated IT modules for transaction support
• Improved online task management and inter-department collaboration
• Automated workflow systemsfor accurate, timely, and secure transactions
• Faster product and service fulfillment procedure
• Copyright and infringement hazard protection

Vates presents all-encompassing IT solutions to make your business stand out in the industry. Avail professional and result-driven application testing, PMO software, and Atlassian business services at reasonable prices today!

The company can improve your business’s market reputation, brand image, and customer retention by implementing futuristic tech tools like agile software development, big data, and IoB.

Contact Vates’ Custom Software Development Team to Get Started!

Vates is here to help SMEs leap into the world of technology. Vates is focused on offering the most reliable and industry-leading custom software development, software testing, support and maintenance, and more.

Their team can revolutionize your firm’s marketing, sales, accounting, finance, and every other department with advanced software tools and big data analytics. You can also avail custom-curated blend of edge computing, IT, big data, IoT, IoB, and software integration services to maximize your firm’s reliance on technology.  

About the Author

Michelle is an adept IT software developer working at Vates as one of the most capable IT experts. She knows her way around the latest software development techniques and helps firms automate operational units for maximized profits. Michelle loves to write impeccable IT automation and digital transformation guides for new business owners.