Traditional paper-based systems of accounts management pose key problems such as manpower shortages, human errors and incomplete records within an organization. These problems are often compounded in case of larger organizations, which often resort to seasonal hiring of freelance consultants and accountants to cope with the increased workload of the tax season or auditing requirements.

Though human intervention in the accounting department is still a pre-requisite, using a plug and play Accounts Management Solution such as businessid’s Accounting Manager Solution can greatly aid an organization streamline its accounts-related operations.

Key Benefits of Accounting Management

• Improved control of an organization’s financial assets.
• Comprehensive set of reports and charts helps the management to analyse and control the finance.
• Increased saving through reduced errors and decreased seasonal workforce requirement.
• Automatically generated reminders help finance staff to complete day to day task on time.
• It gives comprehensive invoice list and allows the direct cross checking of all previous invoices generate for a particular customer.
• Overtime configuration allows manager to modify the salary of the employee or contractor using various parameters.
• Expense Tickets and Time Tickets gives complete work details of employees and contractors.
• Availability of real time updates from various departments/users throughout the organization.
• Superior accountability and improvement in overall compliance.
• Reduced paper usage hence a greener alternative with additional savings.