“Garbage in = Garbage out”
The information processed in the administrative department of your business is crucial to the success of your busines.
I’ve seen far too many owners and CEO’s neglect the importance of developing processes that provide quality data. If you want to be able to make better decisions and see your business thrive. The key to quality is to ensure the data is:
- Accurate – as is self explanatory
- Complete – we dont want any oversight
- Consistent – to ensure trends can be monitored and results easily assessed
- Timely – if it takes you 30 days to close a month, your decisions are also delayed 30 days (if you plan to use the data)
- Verifiable – do you have the controls in place to provide the necessary checks and balances.
- Cost / Benefit – Some processes just dont provide the “value add” you require and can even hamper productivity. Have you assessed your process efficiencies?
If you have all these principles in place you are on the right path to developing confidence in your data. If you have concerns with your accounting & administrative data? We can help.
Leverage.CFO SOURCE provides process development and implememtation services customized to your needs.
Or if you would prefer our automation solution, Leverage.AP ensures all of the principles above are satisfied and more. We use Artificial intelligence to process your data efficiently and accurately. Ask us for specifics. We guarantee a 25% cost savings from process efficiencies.
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To develop business strategies for growth & sustainability,
Through leveraging resources and easing commitments.